Terms of Use

1. Introduction

These Terms of Use ("Terms") govern access to and use of the automated market maker (AMM) platform, units.swop.fi. Please read these Terms carefully before using the platform. By using the platform, you agree to these Terms.

2. Key Definitions

• Platform – The units.swop.fi AMM exchange, which provides decentralized token swap services.

• User – Any individual or entity using the Platform.

• LP Tokens – Liquidity provider tokens representing a user's share of a liquidity pool.

• Smart Contracts – Automated programs that facilitate exchange and liquidity functions on the platform.

3. Limitation of Liability

3.1. The Platform is provided "as is" and does not guarantee uninterrupted operation, error-free functionality, or protection from hacking attempts. 3.2. The Platform assumes no responsibility for any financial loss incurred by users, including but not limited to losses from price fluctuations, Impermanent Loss, network outages, or smart contract failures. 3.3. Users assume full responsibility for risks associated with using the Platform, including loss of funds due to smart contract errors or price instability.

4. Usage Risks

4.1. Impermanent Loss – A temporary loss of asset value due to token price changes in a liquidity pool. Users should be aware of the potential for loss and consider it before providing liquidity. 4.2. Smart Contract Risks – Using smart contracts involves potential vulnerabilities that may lead to loss of funds. The Platform does not guarantee protection from smart contract bugs or exploits. 4.3. Market Volatility – Due to price fluctuations, token values may change, impacting returns and potentially resulting in losses.

5. Accounts and Privacy

5.1. The Platform does not require registration or collect personal data. All interactions occur through wallet connections. 5.2. Users are solely responsible for securing private keys, passwords, and other access details for their wallets. The Platform is not liable for loss of access to funds.

6. Terms of Liquidity and Fees

6.1. When providing liquidity to a pool, users receive LP Tokens that represent their share of the pool and entitle them to a portion of the transaction fees. 6.2. The fee for swapping tokens on the Platform is set in the smart contract and distributed to liquidity providers. 6.3. Users may withdraw liquidity at any time by redeeming their LP Tokens for their share of the pool, including any accumulated fees.

7. Jurisdictional Restrictions

7.1. Users are responsible for ensuring that their use of the Platform complies with the laws of their jurisdiction. 7.2. The Platform is not intended for use in countries where decentralized financial services are restricted or prohibited. Users must verify the legality of using the Platform in their location.

8. User Obligations

8.1. Users agree to use the Platform solely for lawful purposes and in accordance with these Terms. 8.2. Users must not attempt to circumvent or damage the Platform's smart contracts. 8.3. Users are responsible for verifying all transaction parameters and understanding the risks associated with each operation.

9. Modification of Terms

9.1. The Platform reserves the right to modify these Terms at any time without prior notice. 9.2. Continued use of the Platform after any modifications constitutes acceptance of the updated Terms.

10. Termination of Use

10.1. Users may stop using the Platform at any time by disconnecting their wallet. 10.2. The Platform reserves the right to restrict access to its services for users who violate these Terms.

11. Dispute Resolution

11.1. In the event of a dispute, both parties will make all efforts to resolve it amicably. 11.2. If an agreement cannot be reached, disputes will be settled according to the governing law specified by the Platform.

12. Final Provisions

12.1. These Terms constitute the entire agreement between the Platform and the User regarding the Platform's services. 12.2. If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions will remain in effect.