Disclaimer
Last updated 4 August 2026
This page sets out the risks of using dyield™ and the limits of what LightVessel DAO LLC is responsible for. Read it before depositing.
The information provided on this site, including the Privacy Information, Terms & Conditions, and Disclaimer, is for general informational purposes only. It does not constitute legal advice, is not binding, and should not be relied upon as a substitute for advice from qualified legal counsel. LightVessel DAO LLC, a Wyoming DAO LLC, reserves the right to update this information at any time.
dyield™ is a non-custodial, permissionless yield protocol. LightVessel DAO LLC does not take custody of assets, does not direct funds on your behalf, and does not act as a fiduciary.
Nothing on dyield.io or in the dyield™ protocol constitutes investment, financial, legal, or tax advice. Rates shown are variable and derived from underlying vault performance. They are not guaranteed and are not a record of past dyield™ performance.
dyield™ deploys Morpho Vault V2 contracts without modification. Morpho's infrastructure is audited, but no smart contract is free of risk. A bug in any contract in the stack — Morpho, the underlying vaults, or the collateral markets — could result in partial or total loss of deposited assets.
The underlying vaults are operated by independent curators, named per product above. LightVessel DAO LLC does not control their decisions, their fees, or their risk parameters, and is not responsible for them.
dyield tokens are yield-bearing vault receipt tokens, not stablecoins, not bank deposits, not insured. They are not covered by FDIC, SIPC, or any equivalent scheme in any jurisdiction.
dyield™ is a permissionless protocol. LightVessel DAO LLC does not actively restrict access by geography, but does not target US persons and makes no representation regarding compliance with US securities law or any other jurisdiction's financial regulations. The underlying vault curators impose their own terms, which may restrict who they will serve — refer to Steakhouse Financial, Gauntlet, and Clearstar Labs directly for those.
You are solely responsible for determining whether your use of this protocol complies with the laws of your jurisdiction. Do not use this protocol if doing so would violate applicable law.
dyield™ operates on Base, an Ethereum Layer 2 developed and operated by Coinbase. The protocol depends on Morpho's infrastructure, Base network availability, and the continued operation of the underlying collateral markets. LightVessel DAO LLC is not responsible for any of these third parties.
Any projections, estimates, or illustrative rates are not promises or guarantees. Actual returns will vary and may be zero or negative.
The site and the protocol are provided as-is, without warranty of any kind. To the fullest extent permitted by law, LightVessel DAO LLC disclaims all liability for losses arising from use of this site, the contracts, the underlying vaults, or any third-party service.
These terms are governed by the laws of Wyoming, United States.
The date above changes when we do.