Privacy Notice
Last updated: March 2024
Introduction
BeraFlowDao (`we,` `us,` or `our`) is committed to protecting your privacy and ensuring the security of your personal information. This Privacy Notice explains how we collect, use, and protect your data when you use our decentralized finance (DeFi) platform.
Information We Collect
We collect the following types of information:
- Wallet addresses and transaction data on the blockchain
- Smart contract interactions and token balances
- Technical information such as your IP address and device information
- Usage data and platform interaction metrics
How We Use Your Information
We use your information for the following purposes:
- Facilitating and processing transactions on our platform
- Providing and improving our DeFi services
- Ensuring platform security and preventing fraud
- Analyzing platform usage and performance
- Complying with legal obligations and regulatory requirements
Data Security
We implement appropriate technical and organizational measures to protect your information. However, please note that while we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security. All blockchain transactions are public by nature and visible to anyone on the network.
Smart Contracts and Blockchain Data
Our platform operates on the Berachain blockchain. All transactions and interactions with our smart contracts are permanently recorded on the blockchain and are publicly visible. This includes wallet addresses, transaction amounts, and contract interactions. Please be aware that this information cannot be modified or deleted due to the immutable nature of blockchain technology.
Third-Party Services
We may use third-party services for analytics, infrastructure, and other operational purposes. These services may collect and process your information according to their own privacy policies. We encourage you to review the privacy policies of these third-party services.
Your Rights
You have certain rights regarding your personal information:
- Right to access your personal information
- Right to correct inaccurate information
- Right to request deletion of your information (where possible)
- Right to object to processing of your information
- Right to data portability
Updates to Privacy Notice
We may update this Privacy Notice from time to time to reflect changes in our practices or for other operational, legal, or regulatory reasons. We will notify you of any material changes by posting the updated Privacy Notice on our platform with a new effective date.
Contact Us
If you have any questions about this Privacy Notice or our privacy practices, please contact us through our official Discord channel or by creating an issue in our GitHub repository.
DeFi Platform Features and Data Collection
Our platform includes various DeFi features such as token swaps, token sales, and treasury management. For these features, we collect and process:
- Token swap data including slippage settings and deadlines
- Sale participation records and allocation information
- Treasury interaction data and transaction history
- Price impact calculations and liquidity pool interactions
- Token balances and allowance settings
Automated Data Processing
Our platform utilizes automated processing for various DeFi operations. This includes smart contract interactions for token swaps, automated market making calculations, price impact assessments, and slippage protection mechanisms. These processes are essential for providing our core services and ensuring optimal trading conditions for users.
Wallet Integration and Security
Our platform requires wallet connection for accessing core features. When you connect your wallet, we collect necessary wallet-related information to facilitate transactions and ensure security. This includes your wallet address, transaction signatures, and smart contract interaction history. We implement additional security measures such as transaction confirmation requirements and slippage protection to safeguard your assets.
Data Retention and Blockchain Permanence
Due to the nature of blockchain technology, transaction data and smart contract interactions on the Berachain network are permanently stored and publicly accessible. While we may delete certain off-chain data upon request, on-chain data including wallet addresses, transaction amounts, and contract interactions cannot be deleted or modified. We retain user interaction data and analytics for a period of 12 months to improve our services and comply with regulatory requirements.
Regulatory Compliance and DeFi Operations
As a DeFi platform, we are committed to maintaining compliance with applicable regulations while preserving the decentralized nature of our services. We may collect and retain certain information to:
- Monitor and prevent potential market manipulation
- Implement anti-money laundering (AML) measures
- Comply with regulatory reporting requirements
- Assist in security audits and incident investigations
- Maintain platform integrity and user safety