Terms of Service

Introduction

Welcome to StableUnit, a decentralized finance platform providing a stablecoin and lending protocol via our website (including the app.stableunit.org web interface) and related services (“Services”). These Terms of Service ("Terms") form a binding agreement between you (“User” or “you”) and the entity providing this web interface and related services (referred to as “StableUnit,” “we,” or “us”). The StableUnit protocol itself is a decentralized public good governed by the StableUnit Decentralized Autonomous Organization (suDAO). By accessing or using the Services, you acknowledge that you have read, understood, and agree to be bound by these Terms, as well as our Privacy Policy and any other policies referenced herein. If you do not agree with these Terms or our Privacy Policy, you must not use the Services or access the StableUnit interface.

Eligibility

You may use the Services only if you are at least 18 years old (or the age of legal majority in your jurisdiction) and able to form a binding contract. By using StableUnit, you represent and warrant that you are not located in, a citizen or resident of, or using the Services from any jurisdiction where cryptocurrency or decentralized finance use is illegal or restricted. You also represent that neither you nor any party controlling or owned by you is subject to sanctions or on any trade embargo or restricted persons list (including the U.S. Treasury Department’s Specially Designated Nationals list or similar EU/UN sanctions lists). You must not use any technology (such as VPNs or proxies) to circumvent geographic or eligibility restrictions. We reserve the right to refuse access to the Services (in whole or in part) to anyone for compliance or legal reasons.

Description of the Services

Decentralized Protocol: StableUnit operates as an open-source, decentralized protocol comprised of self-executing smart contracts on blockchain networks (currently on Ethereum). The protocol enables users to mint USD Pro, a $1-pegged, yield-bearing stablecoin, and to borrow stablecoins against various crypto collateral (including LP tokens and yield-bearing assets) without relinquishing the yields on that collateral. The StableUnit Protocol is governed by the community via the suDAO, and parameters of the system can be modified through decentralized governance voting. We (the StableUnit team providing the web interface) do not own or fully control the underlying smart contracts; they are deployed and maintained in a permissionless manner on the blockchain.

Non-Custodial Service: All transactions initiated through StableUnit are executed by smart contracts directly on the blockchain, and you retain full control of your crypto assets at all times. We do not custody your funds – you use your own self-custodial cryptocurrency wallet (e.g. MetaMask or other Web3 wallet) to interact with the Protocol. This means that StableUnit never takes possession of your assets; we are not a bank or custodian. When you use the Services, you are directly engaging with the smart contracts; neither StableUnit nor any affiliated entity is a party to your on-chain transactions, and we have no ability to reverse or modify them. You are solely responsible for the security of your wallet and private keys; any loss of access to your wallet (e.g. lost private key or seed phrase, hacked wallet) can result in loss of your assets, and we cannot assist in their recovery.

Interface Provision: The app.stableunit.org web interface (the “Interface”) is provided for your convenience to interact with the StableUnit Protocol. The Interface may be hosted on decentralized infrastructure or traditional web servers, and it simply facilitates communication between your wallet and the StableUnit smart contracts. Any data displayed on the Interface, such as projected yields, annual percentage rates (APRs), or other financial metrics, are estimates based on historical and current data. They are not guarantees of future performance or returns. Market conditions can and will change. While we strive to provide useful information, all protocol data is ultimately sourced from the blockchain or third-party sources, and you should verify critical information independently. No Advice: Any information or documentation provided via the Services (including help articles, blog posts, or forum discussions) is for general informational purposes only and does not constitute financial, legal, or investment advice. StableUnit does not provide personalized recommendations or advisory services. You should do your own research and consider your risk tolerance before participating in the Protocol. If needed, consult a qualified professional advisor; using StableUnit is at your own risk and discretion.

User Obligations and Prohibited Activities

By using StableUnit, you agree to use the Services only for lawful purposes and in accordance with these Terms. You shall not, and shall not assist or enable others to, use the Services in any of the following prohibited ways:

• Illegal or Fraudulent Activity: Using the Services to conduct or facilitate any illegal activities, including but not limited to money laundering, terrorist financing, tax evasion, fraud, or the buying/selling of illegal goods or services.

• You must comply with all applicable laws and regulations when using StableUnit, and you may not use the protocol as part of any scheme that violates any law.

• Sanctions Violations: Using the Services if you are subject to economic sanctions or for the benefit of sanctioned individuals, entities, or countries. Any wallet address identified (through our compliance controls) as having been involved in sanctionable conduct or appearing on sanction lists may be blocked from the Interface.

• Harmful Technical Activity: Engaging in activity that interferes with or disrupts the Services or the underlying blockchain networks. This includes attempting to exploit bugs, initiate denial-of-service attacks, introduce malware or malicious smart contracts, or otherwise harm the protocol or users.

• Unauthorized Access: Attempting to access other users’ accounts or wallets, or any non-public systems or data of StableUnit without authorization. You must not misuse the platform by injecting invalid data, using bots in a disruptive manner, or otherwise subverting the intended use of the smart contracts and Interface.

• Circumvention of Security or Restrictions: Bypassing or attempting to bypass any security measures, rate limits, or access controls of the Interface. Similarly, you shall not use the Services to hide or obfuscate the origin of any transaction (aside from generally accepted privacy measures like using new, un-linked wallet addresses) in a manner intended to circumvent compliance checks.

• No Market Manipulation: You shall not use the StableUnit Protocol in a way that manipulates the markets or prices of the stablecoin or other assets (for instance, orchestrating attacks on the USD Pro peg, or manipulating oracle inputs). Any use of the protocol’s features (like borrowing or minting) must be for bona fide economic purposes, not to maliciously exploit or destabilize the system.

If we (in our operation of the Interface) detect that you are engaging in any of the above prohibited activities, or otherwise violating these Terms or applicable law, we reserve the right to take action, including blocking your addresses from the web Interface or other remedial measures. Note that such actions by the Interface do not prevent the underlying open-source Protocol from being used directly on-chain; however, the StableUnit community may coordinate to mitigate illicit use (such as updating the Protocol via governance to restrict certain assets or addresses, in compliance with law). You understand that compliance measures (like blockchain analytics screening) may be employed to keep the platform safe, and you consent to such monitoring.

Assumption of Risk

Inherent Risks of DeFi: By using StableUnit, you acknowledge and accept that decentralized finance (DeFi) is experimental and comes with significant risks. The StableUnit Protocol, like other DeFi protocols, involves emerging technologies such as smart contracts, cryptographic tokens, and decentralized oracles. These technologies can fail or behave in unexpected ways. You understand that, without limitation, the following non-exhaustive list of risks apply:

• Smart Contract Bugs: The StableUnit smart contracts (and those of integrated protocols) could contain coding or logic errors, security vulnerabilities, or could be hacked/exploited by malicious actors. Such issues have the potential to cause loss of funds or unintended behavior (for example, erroneous minting or liquidation). Despite undergoing audits and testing, no smart contract is guaranteed bug-free.

• Volatility and Market Risks: Cryptocurrencies and stablecoins can be highly volatile. While USD Pro is intended to maintain a $1 peg and generate yield, extreme market conditions or failures of mechanisms could affect its value or yield generation. Collateral assets posted in the system can rapidly lose value, potentially leading to liquidation and loss of your assets. You should only risk funds you can afford to lose, and be prepared for the possibility of a total loss of your principal.

• Liquidation Risk: If you borrow against collateral in StableUnit, your position may be liquidated if collateral value falls or if stability fees increase. Liquidation means your collateral could be sold off by the protocol’s mechanisms, possibly at a discount, and you may not recover it. Black-swan market events or oracle failures could trigger widespread liquidations that result in unexpected losses.

• Oracle and Integration Risk: StableUnit relies on price feeds and possibly integrations with other DeFi protocols (for yield generation and collateral valuation). If a price oracle reports incorrect data (due to malfunction or manipulation), it could cause improper protocol actions (like improper liquidations or mis-valued collateral).

• Likewise, if any integrated yield strategy or external platform (e.g. a DEX or yield optimizer) fails, it could adversely affect StableUnit’s operations.

• Governance Risk: The suDAO governance can change protocol parameters, upgrade contracts, or make other decisions that affect the value and behavior of the system. There is a risk that governance proposals could negatively impact some users (for example, changing the interest rate, or choosing to wind down an asset). As a user, you have little or no control over governance outcomes unless you participate in the DAO.

• Regulatory and Legal Risks: DeFi regulations are evolving. The legal status of stablecoins, lending protocols, and related activities is uncertain in many jurisdictions. Regulatory actions or new laws could impact your ability to use the Services or could require changes to the protocol. For instance, authorities might impose restrictions that limit how the protocol functions or how you can interact with it. StableUnit does not guarantee that the Services will remain lawful or available in any particular jurisdiction.

• Blockchain Network Risks: Transactions on Ethereum (or any underlying blockchain) come with risks. Network congestion or outages can delay or prevent your transactions. Upgrades or forks of the blockchain could have unintended effects on StableUnit’s contracts. Also, you will typically need to pay blockchain transaction fees (“gas”) to execute operations; these fees can be high and are non-refundable even if a transaction fails.

• User Error: Any mistakes in using the Service (such as sending funds to the wrong address, mis-managing your wallet, or misunderstanding the user interface) can result in irreversible loss. Blockchain transactions are generally final and cannot be undone if you make an error.

• The Interface may evolve and could be complex; ensure you understand how to use it properly before making transactions.

You agree that you assume all of the above risks and any other associated risks when you choose to interact with StableUnit. The list above is not exhaustive, and there may be other risks we have not anticipated. You are responsible for educating yourself and assessing your own risk appetite. If you are not comfortable with these risks, you should not use the Services.

No Warranties; Disclaimer of Liability

No Warranties: StableUnit, the Services, and all information and functionality provided via the Services are offered on an “AS IS” and “AS AVAILABLE” basis without any representation or warranty of any kind, whether express, implied, or statutory. To the maximum extent permitted by law, we expressly disclaim any implied warranties of title, non-infringement, merchantability, fitness for a particular purpose, and any warranty that the Services will be uninterrupted, error-free, or secure. StableUnit does not guarantee that the Protocol or Interface will meet your expectations or achieve any particular outcome. All data and content provided through the Services are for informational purposes and we do not warrant the accuracy, completeness, or timeliness of such information. You use the StableUnit Protocol at your own risk, and you assume full responsibility for any outcomes.

Limitation of Liability: To the fullest extent permitted by applicable law, in no event shall StableUnit, its contributors, developers, officers, affiliates, or agents be liable for: (a) any indirect, incidental, special, consequential, or punitive damages, or any loss of profits, revenue, data, or opportunities, whether incurred directly or indirectly; or (b) any loss of goodwill, or reputational harm; or (c) any loss of crypto assets or digital currency value, arising out of or related to your use of (or inability to use) the Services or any interactions with the StableUnit Protocol, even if we have been advised of the possibility of such damages. Our total cumulative liability to you for any claims arising in connection with the Services or these Terms will not exceed USD $100 (or the equivalent in local currency), regardless of cause or theory of liability. This limitation applies to any claim based on contract, tort, negligence, strict liability, or any other legal theory. You acknowledge that the StableUnit Protocol is a decentralized software deployed on public blockchains, and that we have no control over the outcome of on-chain transactions or the behaviors of third parties. We are not liable for any failures, hacks, exploits, errors, or losses that arise from on-chain smart contracts or the underlying blockchain infrastructure. We are also not responsible for technical problems beyond our reasonable control (such as force majeure events, problems with your hardware or internet connection, or the unavailability or failure of third-party services). Some jurisdictions do not allow the exclusion or limitation of certain warranties or liabilities. If you are subject to such laws, some of the above disclaimers or limitations may not apply to you. In such cases, the liability of StableUnit and its affiliates will be limited to the greatest extent permitted by law.

Release: You release and forever discharge StableUnit and all affiliated parties from all claims, demands, and damages (actual and consequential) arising out of or in any way connected with disputes between users of the Services or between a user and a third party in connection with the use of the Services. We have no liability for disputes or interactions between you and any third-party (for example, between a lender and borrower through the protocol, or between a user and an external service like an exchange).

Indemnification

You agree to indemnify, defend, and hold harmless StableUnit, its community contributors, developers, affiliates, and agents (“Indemnified Parties”) from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to: (a) your use of the Services or your interactions with the StableUnit Protocol; (b) your violation of any of these Terms or any applicable law or regulation; or (c) your infringement or misappropriation of any rights of any other person or entity. This indemnification obligation includes, without limitation, any losses arising from your illegal use of the Services, your violation of others’ intellectual property or privacy rights, or your use of StableUnit in breach of these Terms (for example, using the protocol in a prohibited manner that causes harm). We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you (in which case you agree to cooperate with our defense of such claim). You agree not to settle any such matter without our prior written consent.

Changes and Termination

Modification of Services: StableUnit is an evolving protocol. We may add, modify, or remove features of the Services or the Interface at any time, at our discretion. For example, we may deploy updates, change supported wallets or networks, or discontinue certain functionalities. We may also stop providing the Interface (temporarily or permanently) if needed for legal compliance or other reasons. While the core Protocol is decentralized and continues to exist on the blockchain, access via our web Interface is a privilege, not a guaranteed right. We will endeavor to provide notice of major changes (for instance, posting announcements via our website or community channels), but we are not obligated to do so. It is your responsibility to stay informed about any changes to the Services, and to adjust your use of the Protocol accordingly.

Changes to Terms: We reserve the right to amend or update these Terms from time to time. If we make material changes, we will make the updated Terms available through the website and update the “Last Updated” date at the top. Updated Terms are effective immediately upon posting (unless a later effective date is specified). By continuing to use the Services after a revision takes effect, you agree to the updated Terms. If you do not agree with any changes to the Terms, you must stop using the Services. Please review these Terms periodically to ensure you understand the current agreement between you and StableUnit.

Termination: You may cease using the Services at any time (since use is voluntary and self-directed). We also reserve the right to terminate or suspend your access to the web Interface (in whole or in part) for any reason, including if we believe you are violating these Terms, posing a security or legal risk, or for any business reasons. In the event of termination or your decision to stop using the Services, provisions of these Terms that by their nature should survive will continue to apply (such as disclaimers of liability, indemnification, dispute resolution, etc.). Because the StableUnit Protocol is decentralized, your ability to interact with it directly (e.g. via the blockchain) may continue even if your access to our web Interface is terminated. However, you understand that we have no obligation to support your use of the Services in such circumstances.

Governing Law and Dispute Resolution

Governing Law: Except to the extent otherwise required by law (such as local laws governing consumer contracts), these Terms and any dispute arising out of or relating to these Terms or the Services shall be governed by and construed in accordance with the laws of British Virgin Islands, without regard to its conflict of law principles. However, we acknowledge that as a global protocol, mandatory consumer protection laws of your country of residence may apply if those laws are deemed applicable and cannot be waived.

Initial Dispute Resolution: We care about our users and would prefer to address your concerns without formal legal proceedings. If you have a dispute or claim against StableUnit, you agree to first contact us at our support or legal contact (see Contact Information in the Privacy Policy below) and provide a brief written description of the dispute and your contact information. Both you and we agree to engage in good faith negotiations to attempt to resolve the issue informally. If we are unable to resolve the dispute within a reasonable time (say, 30 days from the date of notice), then the following arbitration terms shall apply.

Arbitration Agreement: By using the Services, you and StableUnit agree that any dispute, claim, or controversy arising out of or relating to these Terms or the use of the Services that cannot be resolved informally shall be resolved through binding arbitration on an individual basis. Class Action Waiver: You agree that you may only bring claims against us in your individual capacity, and not as a plaintiff or class member in any purported class or representative proceeding. The arbitrator shall not have authority to combine or aggregate similar claims or conduct any class or representative proceeding, nor to make an award to any person or entity not a party to the arbitration.

Arbitration Procedure: The arbitration will be administered by an established alternative dispute resolution provider mutually agreed upon. The arbitration shall be conducted under the rules of the chosen organization (e.g., the ICC Rules of Arbitration) in effect at the time of the claim. The seat or legal place of arbitration shall be Road Town, BVI, and the arbitration proceedings shall be conducted in English. One arbitrator (or three, if required by the chosen rules for the amount in dispute) with experience in blockchain/technology disputes shall preside. The arbitrator’s award shall be final and binding on the parties and may be entered as a judgment in any competent court.

Exceptions: Notwithstanding the foregoing, either party may seek emergency equitable relief (such as an injunction) in a court of competent jurisdiction if necessary to prevent immediate and irreparable harm, without first engaging in arbitration. Additionally, if you are a natural person using the Services for personal (non-commercial) purposes and are resident in a jurisdiction that prohibits binding pre-dispute arbitration or class action waivers for consumer disputes, the above arbitration agreement and class waiver may not apply to you – in that case, you retain the right to resolve disputes in the courts of your home jurisdiction as allowed by applicable law.

Opt-Out Right: You have the right to opt-out of the binding arbitration and class action waiver provisions within 30 days of first agreeing to these Terms by notifying us in writing at our contact address listed in the Privacy Policy. Your notice must include your name, wallet or account identifier, and a clear statement that you wish to opt out of arbitration. If you opt out, or in the event the arbitration agreement is deemed unenforceable, you agree that any claim between you and us shall be resolved exclusively by the courts of competent jurisdiction in England, subject to the governing law specified above.

Contact Information

If you have any questions, concerns, or feedback about these Terms or the Services, you may contact the StableUnit team. For general support, reach out via our official Discord or Telegram channels (listed on our Official Links and Resources page). For legal notices or to exercise any opt-out or rights stated in these Terms, you can contact us via email at [e-mail] (our designated email for legal inquiries). We will use this contact information as well for any formal communications to users when applicable (for example, posting notices on the website or via community announcements).