The terms below are a draft template intended for the Kimia V1 devnet
deployment. The mainnet terms of service will replace this page with a full
legally-reviewed version prior to launch.
1. Acceptance
By interacting with any Kimia program, website, frontend, or API, you agree to these terms. If you do not agree, do not use the protocol.2. Eligibility
You represent that:- You are of legal age in your jurisdiction.
- You are not a resident of, or subject to, a jurisdiction in which use of perpetual derivatives, cryptocurrency, or the specific Kimia contracts is prohibited.
- You are not on any sanctions list maintained by the United States, European Union, United Kingdom, or United Nations.
3. Non-custodial nature
Kimia is a decentralized protocol composed of Anchor programs deployed to Solana. Funds deposited into Kimia programs sit in program-owned accounts (PDAs) whose transfer paths are governed by the smart-contract code, not by the Kimia team, Kimia Labs, or any centralized operator. No party has unilateral custody of your funds.4. No fiduciary relationship
Nothing on the Kimia site, documentation, or app constitutes investment, legal, or tax advice. Your use of Kimia does not create a fiduciary relationship between you and Kimia Labs, contributors, or any other party.5. Smart-contract risk
You acknowledge that smart contracts may contain bugs and that cryptocurrency-based systems are subject to market, technical, and regulatory risks. You have reviewed the risks page and accept these risks.6. No warranty
Kimia is provided “as is”, without warranty of any kind, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement.7. Limitation of liability
To the maximum extent permitted by applicable law, Kimia Labs, contributors, and affiliates are not liable for any direct, indirect, incidental, consequential, or punitive damages arising from your use of the protocol, including but not limited to loss of funds, loss of profits, or data loss.8. Prohibited conduct
You agree not to use Kimia to:- Violate any applicable law or regulation.
- Launder proceeds of crime.
- Evade sanctions or tax.
- Exploit a known vulnerability or perform unauthorized penetration testing (see the bug bounty for legitimate disclosure paths).
9. Governance
Kimia parameters (margin ratios, fees, oracle thresholds, market lifecycle) are administered by the core team in V1. A governance transition is on the V2 roadmap. You accept that parameter changes may occur without individual notice to users, subject to on-chain transparency.10. Indemnification
You agree to indemnify and hold harmless Kimia Labs, contributors, and affiliates from any claim arising out of your use of the protocol, your violation of these terms, or your violation of applicable law.11. Changes to the terms
These terms may be updated. Continued use of the protocol after changes constitutes acceptance. Prior versions will be accessible via the docs Git history.12. Governing law
These terms are governed by the laws of the jurisdiction to be announced in the mainnet terms.13. Contact
- Security:
security@kimia.live - Legal:
legal@kimia.live - General:
hello@kimia.live