> ## Documentation Index
> Fetch the complete documentation index at: https://docs.kimia.live/llms.txt
> Use this file to discover all available pages before exploring further.

# Terms of Service

> The terms under which you interact with the Kimia protocol.

<Note>
  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.
</Note>

## 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](/resources/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](/resources/audits) 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`