FerrySwap Terms of Service

FerrySwap is a browser-based graphical interface to Serai, a cross-chain decentralized exchange protocol. The Interface helps you construct and broadcast transactions to that protocol. It does not itself execute swaps, hold liquidity, set prices, or custody assets.

• The Interface is client-side software that runs in your browser.
• Swaps are settled by the Serai protocol and the connected blockchains, which are independent, permissionless systems that we neither own nor operate.
• Any wallet you connect is third-party software governed by its own terms.
• Price, balance, and network data may be retrieved from third-party sources and may be delayed, incomplete, or wrong.

We may change, suspend, or discontinue the Interface at any time, in whole or in part, without notice. Because the underlying protocol is permissionless, the discontinuation of the Interface does not affect assets or positions you hold on-chain.

Network fees, protocol fees, and liquidity provider fees are charged by the relevant blockchain and by the Serai protocol. They are not set by us and we do not receive them. Any fee estimate shown in the Interface is an estimate only; the amount actually charged is determined at settlement by the network and the protocol.

You retain sole control of your assets and your private keys at all times.

• We never take custody, possession, or control of your digital assets.
• We cannot access, freeze, seize, reverse, or recover your assets, and cannot recover a lost seed phrase or private key.
• We are not your broker, dealer, exchange, intermediary, agent, advisor, or fiduciary, and we owe you no duty of that kind.
• No relationship created by these Terms is one of partnership, joint venture, employment, or agency.

By using the Interface, you represent and warrant that:

• You are at least 18 years old and have the legal capacity to enter into these Terms.
• You are not located in, ordinarily resident in, or organized under the laws of any jurisdiction subject to comprehensive sanctions, and you are not a person or entity named on any applicable sanctions or restricted-party list.
• You will not use the Interface on behalf of any such person or entity.
• Your use of the Interface is lawful where you are, and you are responsible for determining whether that is so.

Access to the Interface may be restricted in certain jurisdictions. We reserve the right, but assume no obligation, to limit access from any territory.

You agree not to:

• Use the Interface for, or in furtherance of, any unlawful activity, including money laundering, terrorist financing, fraud, or sanctions evasion.
• Use the Interface with assets you know or suspect to be the proceeds of crime.
• Interfere with, disrupt, overload, or attempt to gain unauthorized access to the Interface or any system connected to it.
• Introduce malware or any code intended to damage or interfere with the Interface or its users.
• Scrape, mirror, or frame the Interface in a way that misrepresents its origin, or use it to impersonate FerrySwap or falsely imply affiliation or endorsement.
• Circumvent any access restriction, including by misrepresenting your location.

You acknowledge that using a decentralized exchange carries substantial risk, and that you assume it. Risks include, without limitation:

• Volatility. Digital asset prices can move sharply and without warning; you may lose the entire value of your assets.
• Irreversibility. Once broadcast, a blockchain transaction cannot be reversed, cancelled, or refunded by us or by anyone else.
• User error. Sending assets to a wrong or incompatible address, or selecting a wrong network, will generally result in permanent loss.
• Key loss. Losing your private key or seed phrase means permanently losing access to your assets. No recovery mechanism exists.
• Software risk. The Interface, the Serai protocol, connected wallets, and the underlying blockchains may contain bugs, vulnerabilities, or design flaws, and may be attacked or exploited. An audit does not guarantee the absence of defects.
• Protocol risk. The Serai protocol is independent third-party software. Its consensus, validator set, liquidity, and economics may change, fail, halt, or be attacked.
• Market mechanics. Slippage, price impact, failed transactions, front-running, and impermanent loss when providing liquidity may reduce or eliminate the value you receive.
• Availability. Networks may congest, fork, halt, or reorganize; the Interface may be unavailable at any time.
• Regulatory risk. Laws affecting digital assets and privacy-preserving assets are unsettled and may change to your detriment.

Do not commit funds you cannot afford to lose entirely.

Transactions settle on public blockchains. Depending on the network involved, information about your transactions, including addresses, amounts, and timing, may be permanently public and outside anyone's ability to delete or amend.

Different networks offer different privacy properties. Transactions on transparent chains such as Bitcoin and Ethereum are publicly visible and may be analyzed and linked to you. Transactions on Monero retain Monero's own privacy characteristics. We make no representation that any transaction is anonymous, untraceable, or private, and nothing in the Interface should be relied on for that purpose.

The Interface itself does not require an account and does not ask you for personal information. However, requests made by your browser to third-party endpoints (including RPC nodes, price feeds, and content delivery networks) may expose your IP address and other technical metadata to those third parties, whose practices we do not control.

The Interface may link to or integrate third-party websites, wallets, protocols, and data sources. These are provided for convenience only. We do not control, endorse, audit, or assume responsibility for any third-party service, and your use of one is at your own risk and subject to that provider's terms.

Nothing in the Interface or in these Terms is investment, financial, legal, tax, or accounting advice, and nothing is a recommendation to buy, sell, or hold any asset. You should consult qualified professionals before making any decision. You are solely responsible for determining and paying any tax that arises from your activity.

Nothing in the Interface constitutes an offer or solicitation to buy or sell securities, or an invitation to participate in any investment scheme. No representation is made that any asset accessible through the Interface is or is not a security or other regulated instrument in any jurisdiction.

The Interface, including its source code, design, layout, text, graphics, and the FerrySwap name and logo, is proprietary and is protected by copyright, trade mark, and other intellectual property law. Subject to these Terms, you are granted a limited, personal, non-exclusive, non-transferable, revocable licence to access and use the Interface for its intended purpose. All rights not expressly granted are reserved.

You may not copy, modify, distribute, sell, sublicense, or create derivative works from the Interface, and you may not reverse engineer, decompile, or disassemble it, except to the extent that such restriction is prohibited by law. Third-party components, including the Serai protocol, remain subject to their own licences; third-party marks shown in the Interface belong to their owners and their appearance does not imply endorsement or affiliation.

If you believe material accessible through the Interface infringes your copyright, contact us on Telegram at @ferryswap with enough detail to identify the work, the material complained of, and your contact information. Knowingly making a material misrepresentation in such a notice may expose you to liability.

If you send us suggestions, ideas, or other feedback, you grant us an unrestricted, irrevocable, royalty-free right to use it for any purpose without obligation or compensation to you.

THE INTERFACE IS PROVIDED "AS IS" AND "AS AVAILABLE", WITHOUT WARRANTY OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY.

To the fullest extent permitted by law, we disclaim all warranties, including any implied warranty of merchantability, fitness for a particular purpose, title, and non-infringement. We do not warrant that the Interface will be uninterrupted, secure, timely, error-free, or free of harmful components, that any defect will be corrected, or that any information displayed, including prices, rates, and estimates, is accurate, complete, or current.

Some jurisdictions do not allow the exclusion of certain warranties, so parts of this section may not apply to you.

To the fullest extent permitted by law, we will not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of profits, revenue, data, goodwill, or digital assets, arising out of or relating to your use of or inability to use the Interface, whether based in contract, tort, strict liability, or any other theory, and even if we have been advised of the possibility of such damages.

To the fullest extent permitted by law, our total aggregate liability arising out of or relating to these Terms or the Interface will not exceed one hundred United States dollars (US$100).

Some jurisdictions do not allow the exclusion or limitation of certain damages, so parts of this section may not apply to you. Nothing in these Terms excludes liability that cannot lawfully be excluded.

You agree to indemnify and hold harmless the team that publishes and operates the Interface, and its members, from any claim, demand, loss, liability, damage, cost, or expense (including reasonable legal fees) arising out of or relating to your use of the Interface, your breach of these Terms, your violation of any law or third-party right, or your negligence or misconduct.

If a dispute arises, you agree to first contact us on Telegram at @ferryswap and attempt in good faith to resolve it informally for at least thirty (30) days before commencing any formal proceeding.

These Terms do not designate a governing law or an exclusive forum. Questions of applicable law and venue therefore fall to be determined by the ordinary conflict-of-laws rules of the court seised of the matter. Nothing in these Terms limits any mandatory right, protection, or forum available to you under the law of your place of residence.

To the extent permitted by law, you and we each agree to bring claims only in an individual capacity and not as a plaintiff or class member in any class or representative proceeding.

The United Nations Convention on Contracts for the International Sale of Goods does not apply to these Terms.

We may revise these Terms at any time by posting an updated version with a new "Last Updated" date. Changes take effect when posted. Your continued use of the Interface after that point constitutes acceptance of the revised Terms. If you do not agree, stop using the Interface.

We may restrict or terminate your access to the Interface at any time, for any reason, without notice or liability. You may stop using the Interface at any time. Provisions that by their nature should survive termination, including Assumption of Risk, Disclaimer of Warranties, Limitation of Liability, Indemnification, and Dispute Resolution, will survive.

• These Terms are the entire agreement between you and us regarding the Interface, and supersede any prior understanding on the subject.
• If any provision is held unenforceable, it will be limited or severed to the minimum extent necessary and the remaining provisions will stay in full force.
• Our failure to enforce any provision is not a waiver of it, and a waiver of one provision is not a waiver of any other.
• You may not assign or transfer your rights under these Terms without our prior written consent; we may assign ours freely.
• We are not liable for any failure or delay caused by events beyond our reasonable control.
• These Terms confer no rights on any third party except as expressly stated.
• Headings are for convenience only and do not affect interpretation.

You agree to comply with all applicable export control and sanctions laws, and you represent that you are not located in an embargoed jurisdiction, are not on any restricted-party list, and will not use the Interface in violation of such laws.

If you have questions or concerns about these Terms, or wish to report a violation:

Telegram: @ferryswap