Terms of Service Renzo Reserve Managed Vaults

This Schedule applies to the Renzo Reserve Managed Vaults offered as part of the Services and is incorporated into the Terms of Service. In case of conflict, this Schedule governs participation in Managed Vaults.

Overview

Managed Vaults are non-custodial smart contract based services that allow users to deposit supported digital assets (“Assets”) into pooled vehicles that we, acting as Strategy Provider and Infrastructure Manager, deploy across yield-generating strategies via the Protocol or other integrated DeFi platforms.

We manage infrastructure, operations, strategy selection, allocation, and rebalancing internally through secure, audited smart contracts. Users receive proportional representations of their ownership interest in the vault’s underlying assets.

Deposits and Withdrawals

Users may deposit supported Assets into Managed Vaults through the interfaces we provide. Deposits entitle users to a proportional interest in the vault’s total asset pool. Withdrawals redeem this interest for the underlying Assets (or equivalent value), subject to any operational mechanics or timing parameters set out in the relevant vault documentation.

Operational details, including deposit and withdrawal processes, cooldown periods, and pricing methods, are described in the corresponding vault documentation available in our technical documents. These details are provided for informational purposes only and do not modify the rights and obligations established by these Terms.

Strategy and Management

As Strategy Provider, we determine how vault assets are allocated among supported yield strategies such as lending, liquidity provision, or restaking, with the objective of achieving risk-adjusted returns.

As Infrastructure Manager, we maintain and monitor the vault’s smart contracts, integrations, and risk controls. We may adjust allocations, rebalance positions, or modify strategies in response to market or protocol conditions, within the limits set by each vault’s framework. Users acknowledge that these activities involve discretion and inherent risk, and no specific performance, yield, or outcome is guaranteed.

Fees

Managed Vaults may charge management and/or performance-based fees. Fee details, including rate structures, calculation methodologies, and deduction timing, are disclosed in each vault’s offering summary or associated documentation. Fees may change over time in accordance with the Terms.

Risk Disclosures

Participation in Managed Vaults involves additional risks beyond those outlined in Section 12 of the Terms, including but not limited to:

Smart contract vulnerabilities, exploits, or failures in either our contracts or third-party integrations.

• Protocol-level risks, such as counterparty exposure, liquidity shortages, or slashing events.

• Market volatility affecting yields or the value of deposited Assets.

• Operational delays or temporary withdrawal suspensions that may occur to protect vault stability.

Managed Vaults are experimental financial technologies. We do not guarantee any return, safety of funds, or future performance. You should review all vault documentation carefully and only deposit what you can afford to lose.

Role Clarification and No Fiduciary Duty

We act solely as a Strategy Provider and Infrastructure Manager. We are not your fiduciary, investment advisor, or principal, as described in the Terms of Service. Users are responsible for their own decisions and assume all risks associated with participation.

You are solely responsible for determining and fulfilling any tax obligations related to yields, fees, or withdrawals.

Termination, Changes, and Suspension

We may pause, modify, or terminate any Managed Vault to address risk, compliance, or operational needs. Where feasible, we will provide notice. Continued use after such changes constitutes acceptance of the updated term

Governing Documents

This Schedule supplements and forms part of the Terms of Service. Each Managed Vault may have separate documentation outlining its strategy, fees, and risk profile. All disclaimers, limitations of liability, indemnities, and other applicable provisions of the Terms of Service apply fully to participation in Managed Vaults.