Last updated: March 7, 2026
Terms of Use
1. Introduction
Welcome to RAVA. These Terms of Use ("Terms") constitute a legally binding agreement between you ("User," "you," or "your") and RAVA Foundation, a Cayman Islands foundation company ("Foundation," "we," "us," or "our"), governing your access to and use of the RAVA protocol, the web interface hosted at rava.money, and all related services, tools, and documentation (collectively, the "Services").
The RAVA protocol is developed and maintained by Ravariant Labs Inc., a Delaware C-Corporation ("Ravariant Labs"), which operates the web interface and contributes to the protocol's ongoing development. The RAVA Foundation oversees protocol governance, treasury management, and ecosystem growth. References to "RAVA" throughout these Terms encompass both entities as applicable to the relevant context.
By accessing or using any part of the Services, you acknowledge that you have read, understood, and agree to be bound by these Terms in their entirety. If you do not agree to these Terms, you must immediately cease all use of the Services.
2. Modification of Terms
The Foundation reserves the right to modify these Terms at any time. When we make material changes, we will update the "Last updated" date at the top of this page and, where practicable, provide notice through the interface. Your continued use of the Services after any revisions constitutes acceptance of the revised Terms.
3. Description of Services
RAVA is a non custodial, open source liquidation vault protocol for tokenized real world assets ("RWAs"). The protocol provides on demand liquidity for RWA token holders by purchasing tokens at risk adjusted discounts, with idle vault capital earning yield in tokenized treasuries.
Core protocol features include: liquidation vaults where anyone can deposit USDC and receive receipt tokens (such as rvUSDC), a risk pricing oracle that maps tokenized assets to proxy baskets of publicly traded equivalents and adjusts with live onchain signals, and a sell API that allows token holders and protocols to sell RWA tokens into vaults programmatically.
The protocol operates two vault tiers. The Main Vault uses CVaR 97.5 (Basel III standard) and carries no first loss capital. Asset Manager Vaults use CVaR 90-95 and include first loss capital contributed by the asset manager, providing additional protection for depositors.
The Services are provided for informational and transactional purposes only. Nothing in the Services constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation for any security, financial product, or instrument.
4. Non Custodial and Open Source Nature
The RAVA protocol is entirely non custodial. At no point do the Foundation, Ravariant Labs, or any affiliated entity take custody, possession, or control of your digital assets, private keys, or wallet credentials. All transactions are executed directly between your self custodied wallet and the protocol's smart contracts on the applicable blockchain network.
The RAVA protocol smart contracts are open source and deployed on public blockchain networks. Once deployed, these smart contracts operate independently and are not controlled by any single party. The protocol is permissionless; anyone may interact with the smart contracts directly without using the interface.
The RAVA interface (hosted at rava.money) is a web based front end developed by Ravariant Labs that provides a convenient way to interact with the protocol. Ravariant Labs may restrict access to the interface for any reason, including regulatory compliance, without affecting the underlying protocol.
You are solely responsible for the security of your private keys, seed phrases, and wallet credentials. Loss of private keys may result in the permanent and irreversible loss of your digital assets. Neither the Foundation nor Ravariant Labs can recover lost keys, reverse transactions, or restore access to your wallet.
5. Eligibility
To access or use the Services, you must be at least eighteen (18) years of age or the age of legal majority in your jurisdiction. You represent and warrant that you are not located in, organized in, or a resident of any jurisdiction subject to comprehensive economic sanctions, and that you are not listed on any sanctions list maintained by OFAC, the United Nations, the European Union, or His Majesty's Treasury.
6. Prohibited Use
You agree not to use the Services for any unlawful purpose. Prohibited uses include:
- Violating applicable laws or regulations, including securities laws, AML statutes, or CTF requirements.
- Attempting unauthorized access to the Services, other user accounts, or connected systems.
- Circumventing security features or geographic restrictions through VPNs or similar technologies.
- Using the Services to evade sanctions, export controls, or other trade restrictions.
7. Risk Pricing Disclaimers
The RAVA protocol incorporates a risk oracle developed by Ravariant Labs that provides risk assessments and pricing signals for tokenized RWAs. The oracle maps each tokenized asset to proxy baskets of publicly traded equivalents and adjusts with live onchain signals including redemption activity, NAV buffers, and supply changes. All oracle outputs are provided on an informational basis only.
Risk oracle outputs do not constitute financial advice or any form of professional recommendation. Neither the Foundation nor Ravariant Labs guarantees the accuracy, completeness, or reliability of any oracle output. You should conduct your own independent due diligence before engaging in any transaction.
8. Fees and Transactions
Interacting with the protocol requires blockchain network transaction fees ("gas fees"), which are paid to network validators and are not collected by the Foundation or Ravariant Labs. The protocol imposes additional fees on certain transactions, including withdrawal fees and performance fees on realized profit. These fees are encoded in the smart contracts and visible onchain. All protocol fees remain inside the protocol and flow back to vault reserves and protocol operations. No fees are extracted by the Foundation or Ravariant Labs. Fee schedules may be modified through protocol governance.
All transactions executed on the blockchain are final and irreversible.
9. Receipt Tokens
When you deposit USDC into a vault, you receive receipt tokens (such as rvUSDC, rvmFONE, or rvmGLOB) representing your proportional share of that vault. Receipt tokens are not stablecoins and their value may fluctuate based on vault performance. Receipt tokens can be redeemed for the underlying USDC subject to vault liquidity and any applicable withdrawal conditions.
10. Intellectual Property
The RAVA interface design, branding, trademarks, and proprietary components are owned by Ravariant Labs Inc. The RAVA protocol smart contracts are released under open source licenses as specified in the source code repositories. Nothing in these Terms grants you any right to use the RAVA name, logo, or branding without prior written consent.
11. Privacy
Our collection, use, and disclosure of personal information is described in our Privacy Policy, incorporated into these Terms by reference. Blockchain transactions are inherently public and permanently recorded. The Foundation has no ability to delete or obscure onchain transaction data.
12. Disclaimers
THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND. THE RAVA PARTIES DISCLAIM ALL WARRANTIES, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON INFRINGEMENT. NO ADVICE OR INFORMATION OBTAINED THROUGH THE SERVICES SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED IN THESE TERMS.
13. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE RAVA PARTIES SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE SERVICES. TOTAL AGGREGATE LIABILITY SHALL NOT EXCEED THE GREATER OF US$1,000 OR THE TOTAL FEES PAID BY YOU DURING THE TWELVE MONTHS PRECEDING THE CLAIM.
14. Indemnification
You agree to indemnify and hold harmless the RAVA Parties from any claims, damages, or expenses arising from your use of the Services, your violation of these Terms, or your violation of any applicable law or third party right.
15. Risk Acknowledgment
By using the Services, you acknowledge that interacting with decentralized protocols involves substantial risks including smart contract risk, oracle risk, liquidity risk, regulatory risk, and technology risk. You represent that you have sufficient knowledge to evaluate these risks and can bear the financial risk of loss. See our Risk Disclosures for full details.
16. Governing Law and Dispute Resolution
These Terms shall be governed by the laws of the Cayman Islands. Any dispute shall be settled by binding arbitration in George Town, Cayman Islands. You agree that dispute resolution will be conducted only on an individual basis, not in a class or representative action.
17. Restricted Jurisdictions
The Services are not available to persons in jurisdictions subject to comprehensive sanctions, including Iran, North Korea, Cuba, Syria, the Russian Federation, and the Crimea, Donetsk, and Luhansk regions of Ukraine. We reserve the right to restrict access from additional jurisdictions at any time.
18. Termination
We may restrict or terminate your access to the interface at any time. Because the protocol is non custodial and open source, termination of interface access does not prevent you from interacting directly with the protocol's smart contracts.
19. Contact Information
Ravariant Labs Inc.
Delaware C-Corporation
Interface development, technical operations, product support
Contact: legal@rava.money
RAVA Foundation
Cayman Islands Foundation Company
Protocol governance, ecosystem development, treasury management
Contact: foundation@rava.money
For security vulnerabilities or exploits, contact security@rava.money.