# 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\. 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