Terms of Service

1. Acceptance of Terms

By accessing or using Friendly Market (“the Protocol”, “we”, “us”, or “our”), you agree to be bound by these Terms of Service (“Terms”). If you disagree with any part of these terms, then you may not access the Protocol.

The Protocol is a decentralized finance (DeFi) application built on the Nibiru blockchain that enables users to supply and borrow digital assets.

2. Description of Service

Friendly Market is a decentralized, non-custodial liquidity market protocol where:

• Users can supply digital assets to earn interest
• Users can borrow digital assets against supplied collateral
• Interest rates are determined algorithmically based on supply and demand
• All transactions are executed on-chain through smart contracts
• Cross-chain functionality enables operations across multiple blockchain networks

3. Risks and Disclaimers

Financial Risks

• Liquidation Risk: Your collateral may be liquidated if your loan-to-value ratio exceeds the liquidation threshold
• Interest Rate Risk: Interest rates are variable and may change rapidly based on market conditions
• Market Risk: Digital asset prices are highly volatile and can result in significant losses
• Impermanent Loss: Providing liquidity may result in impermanent loss compared to holding assets

Technical Risks

• Smart Contract Risk: Smart contracts may contain bugs or vulnerabilities
• Cross-chain Risk: Cross-chain operations involve additional technical complexities and risks
• Network Risk: Blockchain networks may experience congestion, forks, or other technical issues
• Oracle Risk: Price feeds may be manipulated or fail, affecting liquidations and interest calculations

Regulatory Risks

• DeFi protocols operate in an evolving regulatory landscape
• Future regulations may restrict or prohibit access to the Protocol
• Tax implications of DeFi activities may be unclear or subject to change

4. User Responsibilities

By using the Protocol, you represent and warrant that:

• You are of legal age and have the legal capacity to enter into these Terms
• You will comply with all applicable laws and regulations
• You understand the risks associated with DeFi protocols and digital assets
• You are solely responsible for your private keys and wallet security
• You will not use the Protocol for any illegal or unauthorized purposes
• You will not attempt to manipulate markets or engage in market abuse

5. Prohibited Activities

You agree not to:

• Use the Protocol for money laundering, terrorist financing, or other illegal activities
• Attempt to hack, exploit, or manipulate the Protocol or its smart contracts
• Create multiple accounts to circumvent restrictions or limits
• Interfere with or disrupt the Protocol's operation
• Use automated systems to manipulate prices or trading volumes
• Violate any applicable laws, regulations, or third-party rights

6. No Investment Advice

The Protocol does not provide investment, financial, trading, or legal advice. Any information provided is for informational purposes only and should not be construed as investment advice. You should consult with qualified professionals before making any financial decisions.

Past performance of digital assets is not indicative of future results. The value of digital assets can go up or down, and you may lose some or all of your investment.

7. Privacy and Data

The Protocol is designed to be decentralized and non-custodial. We do not collect or store personal information beyond what is necessary for the Protocol to function. However:

• All blockchain transactions are public and permanently recorded
• We may collect anonymous usage data to improve the Protocol
• Third-party services (wallets, RPCs) may have their own privacy policies

8. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY LAW, THE PROTOCOL AND ITS DEVELOPERS, CONTRIBUTORS, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, RESULTING FROM YOUR USE OF THE PROTOCOL.

THE PROTOCOL IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

9. Indemnification

You agree to indemnify, defend, and hold harmless the Protocol and its developers, contributors, and affiliates from and against any claims, liabilities, damages, losses, and expenses arising out of or in any way connected with your use of the Protocol or violation of these Terms.

10. Modifications

We reserve the right to modify these Terms at any time. We will notify users of material changes by posting the updated Terms on our website. Your continued use of the Protocol after such modifications constitutes acceptance of the updated Terms.

The Protocol may also be updated through governance mechanisms or smart contract upgrades. Such changes may affect the functionality, risks, or terms of use of the Protocol.

11. Termination

These Terms remain in effect until terminated. You may stop using the Protocol at any time. We may terminate or suspend access to the Protocol immediately, without prior notice or liability, for any reason, including breach of these Terms.

12. Governing Law and Disputes

These Terms shall be governed by and construed in accordance with the laws of [Jurisdiction], without regard to conflict of law principles.

Any disputes arising out of or relating to these Terms or the Protocol shall be resolved through binding arbitration in accordance with the rules of [Arbitration Organization].

13. Severability

If any provision of these Terms is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.

14. Contact Information

If you have any questions about these Terms of Service, please contact us at: