Section 1 — Nature of Outputs
Basis Protocol produces computational integrity metrics derived from deterministic methodology applied to publicly available data. These outputs are not credit ratings, investment ratings, or assessments of any issuer's creditworthiness or financial capacity. They do not constitute ratings as defined under the U.S. Credit Rating Agency Reform Act of 2006, the EU Credit Rating Agencies Regulation (EC No 1060/2009), or any equivalent jurisdiction-specific legislation.
Section 2 — No Investment Advice
Basis integrity scores do not constitute investment advice, a recommendation to buy, sell, or hold any asset, or an assessment of any asset's suitability for any purpose. Users should not rely on Basis outputs as the sole basis for any financial decision.
Section 3 — Data Accuracy Limitation
Scores are calculated from third-party data sources including but not limited to CoinGecko, DeFiLlama, Etherscan, and issuer attestations. Basis does not control and cannot guarantee the accuracy, completeness, or timeliness of third-party data. Scores may reflect delayed, incomplete, or inaccurate inputs.
Section 4 — No Liability for Losses
Basis Protocol and its affiliates shall not be liable for any losses, damages, or costs arising from reliance on integrity scores, including but not limited to: trading losses, liquidation events, smart contract interactions, governance decisions, or risk parameter changes made using Basis data.
Section 5 — Methodology Changes
Basis reserves the right to modify scoring methodology with advance notice. Methodology versions are published, timestamped, and version-controlled. Consumers should monitor version changes via the Basis API.
Section 6 — Compliance Surface
Basis State provides regulatory classification analysis based on published regulatory frameworks (Basel SCO60, MiCA Article 67, GENIUS Act). Classifications are computational outputs of framework criteria applied to Basis integrity scores. They do not constitute legal advice, regulatory guidance, or official regulatory classification. Users should consult qualified legal counsel for regulatory compliance decisions. DIS55 export worksheets are computational aids, not regulatory filings.
Section 7 — Agent and Programmatic Consumption
When Basis data is consumed by autonomous agents, smart contracts, or automated systems, the deployer of such systems bears responsibility for how scores are interpreted and acted upon. Basis provides data infrastructure, not decision-making authority.
Section 8 — Open Methodology
The scoring methodology is publicly documented and version-controlled. Any user may independently verify score computation using published inputs and methodology. This transparency is a design principle, not a warranty of fitness for any particular use.
Section 9 — Governing Law
[Jurisdiction TBD]
Section 10 — Acceptance
By accessing Basis State services, you agree to these terms.