Legal

Terms of Service

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Please read these Terms of Service ("Terms") carefully before using the xStockFi protocol and website (collectively, the "Service"). By accessing or using the Service, you agree to be bound by these Terms.

1. Acceptance of Terms

By connecting your wallet or otherwise accessing xStockFi, you confirm that you have read, understood, and agree to these Terms and our Privacy Policy. If you do not agree, do not use the Service.

2. Eligibility

You may not use the Service if:

• You are located in, or a citizen or resident of, a jurisdiction where use of the Service is prohibited by applicable law or regulation.
• You are subject to sanctions lists maintained by the United States, European Union, United Nations, or other applicable authority.
• You are under the age of 18 or the legal age of majority in your jurisdiction.

By using the Service, you represent and warrant that none of the above apply to you.

3. No Financial Advice

Nothing on xStockFi constitutes financial, investment, legal, or tax advice. All information is provided for informational purposes only. You are solely responsible for your own investment decisions. Trading options involves significant risk of loss and is not appropriate for all investors.

4. Risk Disclosure

Trading perpetual options and other derivative products involves substantial risk, including the possibility of losing your entire deposit. You should carefully consider your financial situation, risk tolerance, and experience before trading. Specific risks include but are not limited to:

• Market risk: Prices of tokenized stocks can move rapidly and unpredictably.
• Smart contract risk: The xStockFi protocol is built on smart contracts that may contain bugs or vulnerabilities.
• Oracle risk: Settlement prices depend on Chainlink oracles. Oracle failures or manipulations could affect settlement.
• Liquidity risk: There may not always be sufficient liquidity to execute trades at desired prices.
• Regulatory risk: The legal and regulatory landscape for DeFi products is uncertain and may change.

5. No Ownership of Underlying Assets

When you trade on xStockFi, you are trading option contracts that reference the price of tokenized stocks via oracle price feeds. You do not own, hold, or have any rights to the underlying stocks, shares, dividends, or any other rights associated with those companies.

6. Protocol Interface

xStockFi provides a front-end interface to interact with smart contracts deployed on Robinhood Chain. The smart contracts themselves are autonomous and operate independently of this website. We may modify, suspend, or discontinue access to the interface at any time without notice.

7. Prohibited Uses

You agree not to use the Service to:

• Violate any applicable law or regulation.
• Engage in market manipulation or wash trading.
• Attempt to exploit, attack, or disrupt the protocol or its smart contracts.
• Use the Service on behalf of a sanctioned entity or individual.

8. Intellectual Property

The xStockFi name, logo, website design, and documentation are proprietary to xStockFi. The underlying smart contracts are open source under their respective licenses.

9. Disclaimer of Warranties

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

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, XSTOCKFI AND ITS CONTRIBUTORS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING LOSS OF PROFITS OR FUNDS, ARISING OUT OF YOUR USE OF THE SERVICE.

11. Changes to Terms

We may update these Terms at any time. We will indicate the date of the most recent update at the top of this page. Your continued use of the Service after any changes constitutes acceptance of the revised Terms.

12. Governing Law

These Terms shall be governed by and construed in accordance with applicable laws, without regard to conflict of law principles. Any disputes shall be resolved through binding arbitration.

13. Contact

For questions about these Terms, please reach out via our official X / Twitter account.