STAKING RISK STATEMENT

Injective (INJ)

Staking Risk Acknowledgement‍

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Prior to staking your crypto assets, you acknowledge that:

• you agree to be subject to an addendum to the terms and conditions of use of Bitbuy’s platform https://bitbuy.ca/terms ;
• given the volatility of crypto assets, the value of your staked INJ when you sell or withdraw it, and the value of any rewards you earn through staking, may be significantly less than their current value;
• With respect to any rewards earned on your staked INJ: (i) Bitbuy’s custodian, BitGo, will be entitled to a fee and may pay a portion of that fee to any third-party service provider it selects to act as validator; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Bitbuy’s custodial wallets with BitGo; (iii) Bitbuy will be entitled to a fee of 30% in respect of the Net Rewards (the “Bitbuy Services Fees”); and (iv) after the Bitbuy Service Fee has been paid, your account will be credited with any remaining portion of the rewards, and, subject to any unbonding, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.
• Validators miss out on INJ rewards if they fail to participate when called upon, and their existing stake can be destroyed if they behave dishonestly.
• Bitbuy may, at its sole discretion, transfer reimbursements for slashing penalties it receives from BitGo to its users less any administrative costs or expenses Bitbuy incurs in reimbursing users. In the event a supported Cosmos validator is slashed, Bitbuy has no obligation to replace any lost INJ or otherwise provide any compensation for any losses. Negative impacts of slashing will be allocated to all clients using the staking service in proportion to the amount of INJ they had staked.
• there is no guarantee that you will receive any rewards on staked INJ;
• past rewards are not indicative of expected future rewards;
• the rewards you are entitled to may be changed at the discretion of Bitbuy;
• you may lose all or a portion of your staked INJ if the validator does not perform as required by the network; and
• additional risks can be found in the Risk Statement and the crypto asset statement for INJ including the names and other information regarding the validators and information regarding lock-up periods and rewards.