Term of Use

Last Updated: 12/04/2025 Effective for: RateX (Yield Trading Protocol)

1. Acceptance & Modifications

1.1 By accessing or using RateX Protocol ("Protocol"), you acknowledge that:

• You have read, understood, and agreed to these Terms;

• Margin trading involves high risk of liquidation and potential total loss of funds;

• You are solely responsible for complying with local laws (including crypto/financial regulations).

1.2 We may amend these Terms at any time. Your continued use constitutes acceptance.

2. Eligibility & Access

2.1 You must:

• Be at least 18 years old;

• Not be a resident of the United States, China, Canada, North Korea, Iran, Cuba, Syria, and any other region where our services are restricted by local laws.;

• Not be on any sanctions list (OFAC, UN, etc.).

2.2 Prohibited Access:

• Use VPNs to circumvent geo-blocks;

• Share API keys or account credentials.

3. Trading Risks

3.1 You expressly acknowledge:

• Leverage magnifies both gains and losses;

• Automated liquidations may occur without prior notice;

• Oracle price feeds and market volatility may trigger unintended liquidations;

• You are solely responsible for monitoring positions and collateral ratios.

3.2 No Risk Mitigation Claims:

• We do not guarantee stop-loss orders or liquidation protection;

• Historical performance is not indicative of future results.

3.3 Spot Yield Trading & PT/LP Risks

You acknowledge:

• Yield is not guaranteed and may vary due to market conditions, protocol demand, or third-party provider insolvency;

• PT holders are exposed to:

  • Underlying asset volatility;

  • Early redemption penalties or smart contract failures;

• LP positions may suffer:

  • Impermanent loss (especially in leveraged pools);

  • Reduced yields due to changes in pool utilization rates;

• RateX does not generate yields directly. Yields are derived from third-party protocols (e.g., lending markets, staking pools).

3.4 Third-Party Yield Provider Disclaimer

• Yields are sourced from external protocols (e.g., [List Examples: Jito, Fragmetric, Ethena]). RateX does not:

  • Audit or guarantee the solvency of these providers;

  • Insure against losses caused by their smart contract failures, governance attacks, or bankruptcy.

  • You bear all risks of yield interruptions, slashing (for staking), or depegging (for stablecoin).

3.5 SMART CONTRACT RISKS

3.5.1 Inherent Protocol Risks

You expressly acknowledge that RateX’s smart contracts:

• Are experimental and may contain undiscovered bugs or vulnerabilities;

• Could be exploited by malicious actors, resulting in loss of funds (including collateral in margin positions);

• May require emergency pauses or upgrades due to critical risks, potentially freezing withdrawals or trading.

3.5.2 No Code Guarantees

• Audits do not eliminate risk: Even if RateX contracts are audited by third parties, audits cannot guarantee absolute security.

• Open-source liability waiver: While RateX’s code may be open-source, you assume all risks of using it (including forked or modified versions).

3.5.3 User Responsibility

• You must:

  • Verify all transaction details (e.g., token addresses, slippage tolerance) before signing;

  • Monitor for protocol announcements regarding security incidents;

  • deposit funds you cannot afford to lose.

4. Intellectual Property

4.1 All trademarks and logos remain our exclusive property.

4.2 User-Generated Content:

• You grant us a royalty-free license to use your public contributions (e.g., forum posts);

• Do not submit sensitive data (private keys, personal info).

5. Liability & Indemnification

5.1 No Warranty:

• The Protocol is provided "AS IS" with no warranties of merchantability, fitness for purpose, or security.

• The Protocol provides no warranties regarding:

  • Accuracy of projected APYs;

  • Availability of yields from third parties;

  • Tax treatment of yield earnings.

5.2 Limitation of Liability:

• We are not liable for:

  • Losses due to smart contract bugs, hacks, exploits, or design flaws;

  • Oracle failures or price manipulation;

  • Losses due to margin trading or liquidation.

  • Losses due to third-party yield provider insolvency;

  • PT/LP token devaluation caused by external market conditions;

  • Regulatory actions against yield sources (e.g., bans on staking derivatives).

  • User funds trapped in contracts due to technical failures (e.g., blockchain reorgs, gas wars).

5.3 Indemnification: You agree to indemnify us against any claims arising from:

• Your use of margin trading features;

• Your violation of laws (e.g., unlicensed leveraged trading);

• Your misuse of the Protocol.

6. Governing Law & Dispute Resolution

6.1 These Terms shall be governed by Singapore.

6.2 Arbitration:

• Disputes shall be resolved via binding arbitration in Singapore under the Arbitration Rules of the Singapore International Arbitration Centre (SIAC);

• Class action waiver applies.

7. Additional Risk Disclosures

7.1 Key Risks:

• Smart Contract Reliance: Yields depend on external protocols’ uninterrupted operation.

• Governance Risks: Third-party providers may change yield terms via governance votes.

• Tax Implications: Yield earnings may be taxable as income (consult a professional).

• Impermanent loss in LP positions;

• Protocol insolvency risk due to extreme market conditions;

• Front-running risks in decentralized liquidations.

7.2 No Tax Advice:

• You are responsible for reporting margin trading gains/losses to tax authorities.

8. Contact

For legal notices: [e-mail]