Terms of Service

1. Overview

These Terms of Service ("Terms") govern your access to and use of Liquid, a non-custodial interface to decentralized protocols. By using Liquid, you agree to these Terms.

Important: Liquid is a non-custodial service. We do not hold, custody, or control your digital assets. You are solely responsible for securing your private keys and maintaining access to your wallet.

2. Eligibility

You must be at least 18 years old and legally capable of entering into binding contracts to use Liquid. By using the service, you represent and warrant that you meet these eligibility requirements.

Liquid may not be available in all jurisdictions. You are responsible for ensuring that your use of Liquid complies with applicable local laws and regulations.

3. Non-Custodial Service

Liquid is a non-custodial interface that facilitates your interaction with decentralized blockchain protocols. We do not:

Hold, custody, or control your private keys or digital assets
Execute, facilitate, or settle trades on your behalf
Act as a broker, intermediary, agent, or financial institution
Have the ability to reverse, modify, or cancel transactions

4. Your Responsibilities

As a user of Liquid, you are responsible for:

Securing your private keys, passwords, and recovery information
Maintaining the confidentiality of your account credentials
All activity that occurs under your account
Complying with applicable laws and regulations in your jurisdiction
Paying any taxes associated with your use of digital assets
Understanding the risks associated with trading digital assets

5. Risks

Trading digital assets involves significant risks, including but not limited to:

Price volatility and potential loss of value
Smart contract vulnerabilities and protocol risks
Blockchain network congestion and failed transactions
Loss of access to funds due to lost private keys
Regulatory uncertainty and potential legal changes

You acknowledge and accept these risks. Only invest what you can afford to lose.

6. Fees

Liquid does not charge trading fees. However, blockchain network fees ("gas fees") apply to all transactions and are paid to network validators, not to Liquid. While we abstract the user experience of gas fees, the underlying costs are recovered through optimized pricing mechanisms.

7. Prohibited Activities

You agree not to:

Use Liquid for any illegal purpose or in violation of any laws
Engage in market manipulation, wash trading, or fraudulent activity
Attempt to gain unauthorized access to Liquid systems or networks
Interfere with or disrupt the service or servers
Use automated tools (bots) without express permission
Violate the intellectual property rights of Liquid or third parties

8. Disclaimer of Warranties

LIQUID IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. WE DO NOT GUARANTEE THAT THE SERVICE WILL BE UNINTERRUPTED, SECURE, OR ERROR-FREE.

9. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, LIQUID SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES, WHETHER INCURRED DIRECTLY OR INDIRECTLY, OR ANY LOSS OF DATA, USE, OR GOODWILL.

10. Changes to Terms

We reserve the right to modify these Terms at any time. We will notify users of material changes via email or in-app notification. Your continued use of Liquid after changes constitutes acceptance of the updated Terms.

11. Contact

If you have questions about these Terms, please contact us at legal@liquid.app.