(i) Non-Custodial: Catalysis does not at any stage hold, manage, or take custody of participant assets. All interactions occur exclusively through autonomous smart contracts deployed on decentralized networks.

(ii) No Guarantee: Catalysis does not guarantee any outcome, including but not limited to returns, yields, or protection against losses. Any potential disbursements or outcomes are determined solely by protocol logic and the actions of independent third parties.

(iii) Not an Insurance Product: Catalysis is not an insurer and does not provide insurance or reinsurance services. Any terminology such as “coverage,” “participation fee,” or “payout event” is used in a protocol-native, descriptive sense and does not confer any regulatory meaning under insurance or financial services law.

(iv) Independent Participation: Risk curators, coverage participants, validators, and other ecosystem actors operate as independent parties. They are not agents, employees, or representatives of Catalysis or any governance structure.

(v) Participant Responsibility: Each participant is solely responsible for assessing their own risks before engaging with any CoverPool, capacity allocation, or third-party service provider. Participation in the protocol is entirely voluntary and at the participant’s own risk.