Terms of Service

Last Updated: December 29, 2024

Important Notice

Obelisk DEX is a decentralized application. By using this service, you acknowledge that you are interacting directly with blockchain smart contracts. Please read these terms carefully.

1. Acceptance of Terms

By accessing or using Obelisk DEX ("the Platform", "we", "our"), you agree to be bound by these Terms of Service. If you do not agree to these terms, do not use the Platform.

2. Description of Service

Obelisk DEX is a decentralized exchange interface that allows users to:

Swap cryptocurrencies and tokens across multiple blockchain networks
View real-time market data and charts
Connect their own cryptocurrency wallets
Access DeFi protocols and liquidity pools

3. Eligibility

You must be at least 18 years old and legally capable of entering into contracts in your jurisdiction. The Platform is not available to residents of:

Countries subject to comprehensive sanctions (e.g., North Korea, Iran)
Jurisdictions where cryptocurrency trading is prohibited

4. Self-Custody & Responsibility

Obelisk DEX is a non-custodial platform. This means:

You retain full control of your private keys and assets at all times
We never have access to your funds or private keys
You are solely responsible for securing your wallet and credentials
Lost private keys cannot be recovered by us

5. Risks

Cryptocurrency trading involves significant risks, including:

Market Risk: Prices can be highly volatile
Smart Contract Risk: Bugs in smart contracts may result in loss of funds
Impermanent Loss: Providing liquidity can result in losses
Regulatory Risk: Laws may change affecting your ability to trade
Technical Risk: Network congestion, oracle failures, or exploits

Not Financial Advice

Nothing on this Platform constitutes financial, investment, legal, or tax advice. Always do your own research (DYOR) and consult professionals before making financial decisions.

6. Fees

The Platform charges a fee of 0.2% per swap transaction. This fee is:

Automatically deducted from each transaction
Non-refundable
Subject to change with prior notice

Additional network gas fees are paid directly to blockchain validators and are not collected by us.

7. Prohibited Activities

You agree not to:

Use the Platform for money laundering or terrorist financing
Manipulate markets or engage in wash trading
Exploit bugs or vulnerabilities for personal gain
Use bots or automated systems to gain unfair advantages
Violate any applicable laws or regulations

8. Limitation of Liability

To the maximum extent permitted by law:

The Platform is provided "AS IS" without warranties of any kind
We are not liable for any losses, damages, or costs arising from your use of the Platform
We are not responsible for third-party smart contracts or protocols
Our total liability shall not exceed the fees paid by you in the past 12 months

9. Indemnification

You agree to indemnify and hold harmless Obelisk DEX and its operators from any claims, damages, or expenses arising from your use of the Platform or violation of these terms.

10. Modifications

We reserve the right to modify these Terms at any time. Changes will be posted on this page with an updated "Last Updated" date. Continued use of the Platform constitutes acceptance of modified terms.

11. Governing Law

These Terms shall be governed by and construed in accordance with applicable international laws. Any disputes shall be resolved through binding arbitration.

12. Contact

For questions about these Terms, please contact us through our official channels.