Term of Use

Last Updated: 22/10/2025 Effective for: Mooncake(a market for tokenized leverage)

1. Acceptance & Modifications

1.1 By accessing or using Mooncake Protocol ("Protocol"), you acknowledge that:

  • You have read, understood, and agreed to these Terms;

  • Token trading involves high price risk and potential total loss of funds;

  • You are solely responsible for complying with local laws (including crypto/financial regulations).

1.2 We may amend these Terms at any time. Your continued use constitutes acceptance.

2. Eligibility & Access

2.1 You must:

  • Be at least 18 years old;

  • Not be a resident of the United States, China, Canada, North Korea, Iran, Cuba, Syria, and any other region where our services are restricted by local laws.;

  • Not be on any sanctions list (OFAC, UN, etc.).

2.2 Prohibited Access:

  • Use VPNs to circumvent geo-blocks;

  • Share API keys or account credentials.

3. Trading Risks

3.1 You expressly acknowledge:

  • Leverage magnifies both gains and losses;

  • Automated liquidations may occur without prior notice;

  • Oracle price feeds and market volatility may trigger unintended liquidations;

  • You are solely responsible for monitoring positions and collateral ratios.

3.2 No Risk Mitigation Claims:

  • We do not guarantee stop-loss orders or liquidation protection;

  • Historical performance is not indicative of future results.

3.3 Leveraged Token Trading & FT/LP Risks

You acknowledge and understand that this includes, but is not limited to

  • LT Holders are exposed to:

    • Price Risk

    • Volatility Drag Risk

    • Insufficient leveraged position in Leveragd Token Vault

    • Liquidity Risk

    • Oracle Risk

    • Smart Contract Risk

  • PT holders are exposed to:

    • Yield Risk

    • Principal Loss Risk

    • Liquidity Risk

    • Oracle Risk

    • Smart Contract Risk

  • LP positions may suffer:

    • Impermanent loss

    • Oracle Risk

    • Smart Contract Risk

3.4 Underlying Token Disclaimer

  • Underlying Tokens are sourced from external protocols (e.g., [List Solana, Pump.fun, Bonk.fun, Meteora, etc]). Mooncake does not:

    • Audit or guarantee the solvency of these providers;

    • Insure against losses caused by their smart contract failures, governance attacks, or bankruptcy.

    • You bear all risks of Marker Manipulation of the underlying tokens.

3.5 SMART CONTRACT RISKS

3.5.1 Inherent Protocol Risks

You expressly acknowledge that Mooncake’s smart contracts:

  • Are experimental and may contain undiscovered bugs or vulnerabilities;

  • Could be exploited by malicious actors, resulting in loss of funds;

  • May require emergency pauses or upgrades due to critical risks, potentially freezing withdrawals or trading.

3.5.2 No Code Guarantees

  • Audits do not eliminate risk: Even if Mooncake's contracts are audited by third parties, audits cannot guarantee absolute security.

  • Open-source liability waiver: While Mooncake's code may be open-source, you assume all risks of using it (including forked or modified versions).

3.5.3 User Responsibility

  • You must:

    • Verify all transaction details (e.g., token addresses, slippage tolerance) before signing;

    • Monitor for protocol announcements regarding security incidents;

    • deposit funds you cannot afford to lose.

4. Intellectual Property

4.1 All trademarks and logos remain our exclusive property.

4.2 User-Generated Content:

  • You grant us a royalty-free license to use your public contributions (e.g., forum posts);

  • Do not submit sensitive data (private keys, personal info).

5. Liability & Indemnification

5.1 No Warranty:

  • The Protocol is provided "AS IS" with no warranties of merchantability, fitness for purpose, or security.

  • The Protocol provides no warranties regarding:

    • Accuracy of projected APYs;

    • Accuracy of projected Prices;

    • Tax treatment of yield earnings.

5.2 Limitation of Liability:

  • We are not liable for:

    • Losses due to smart contract bugs, hacks, exploits, or design flaws;

    • Oracle failures or price manipulation;

    • Losses due to margin trading or liquidation.

    • Losses due to third-party yield provider insolvency;

    • LT/FT/LP token devaluation caused by external market conditions;

    • Regulatory actions against yield sources (e.g., bans on staking derivatives).

    • User funds trapped in contracts due to technical failures (e.g., blockchain reorgs, gas wars).

5.3 Indemnification: You agree to indemnify us against any claims arising from:

  • Your use of trading features;

  • Your violation of laws (e.g., unlicensed trading);

  • Your misuse of the Protocol.

6. Governing Law & Dispute Resolution

6.1 These Terms shall be governed by Singapore.

6.2 Arbitration:

  • Disputes shall be resolved via binding arbitration in Singapore under the Arbitration Rules of the Singapore International Arbitration Centre (SIAC);

  • Class action waiver applies.

7. Additional Risk Disclosures

7.1 Key Risks:

  • Smart Contract Reliance: Yields depend on external protocols’ uninterrupted operation.

  • Governance Risks: Third-party providers may change yield terms via governance votes.

  • Tax Implications: Yield earnings may be taxable as income (consult a professional).

  • Impermanent loss in LP positions;

  • Protocol insolvency risk due to extreme market conditions;

  • Manipulating the spot market price to profit from changes in the leveraged position’s price.

7.2 No Tax Advice:

  • You are responsible for reporting margin trading gains/losses to tax authorities.

8. Contact

For legal notices: [email protected]

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