Terms of Service

Effective date: 2026-04-21 · Version 1.0

1. Introduction

These Terms of Service (the "Terms") form a legally binding agreement between you ("you", "User", or "Participant") and the operator of AutoSwap (the "Operator", "we", "us", or "our"), governing your access to and use of the AutoSwap website, user interface, application programming interfaces, smart contracts, documentation, and any related services (collectively, the "Services"). By accessing, connecting a wallet to, submitting any transaction through, or otherwise interacting with the Services in any manner, you acknowledge that you have read, understood, and agree to be bound by these Terms in their entirety. If you do not agree with any provision of these Terms, you must immediately cease all use of the Services and disconnect any wallet you have connected.

These Terms apply in addition to any separate written agreement between you and the Operator. In the event of a conflict, the separate written agreement (if any) shall prevail solely as to the conflicting matter, and these Terms shall govern all other aspects of your relationship with the Operator in connection with the Services.

2. Definitions

  • Blockchain Network means any public, permissionless blockchain on which the Services operate, including without limitation Base, Arbitrum, and any additional networks that may be supported in the future.
  • Digital Asset means any cryptocurrency, token, stablecoin, wrapped asset, liquidity position, vault share, or other digital representation of value recorded on a Blockchain Network.
  • Protocol means the set of smart contracts, including Pool contracts, Strategy contracts, and any supporting contracts, that implement the automated liquidity management logic of AutoSwap.
  • Pool means an ERC-4626-compliant smart contract that accepts deposits of one or more Digital Assets and issues shares representing a proportional claim on the assets held and positions managed by the contract.
  • Strategy means the smart contract that executes liquidity provision, rebalancing, fee collection, compounding, and related operations on behalf of a Pool.
  • Keeper means the off-chain process that monitors market conditions and submits transactions to the Strategy to trigger rebalances, compounds, or fee collections. The Keeper does not custody user funds and has no authority to move them to arbitrary destinations.
  • Administrator means the externally owned account or multi-signature wallet that holds administrative privileges on the Protocol, including the ability to adjust Strategy parameters, upgrade implementation contracts pursuant to the UUPS pattern, set fee parameters within protocol limits, pause certain functions, and perform emergency operations.
  • User Wallet means the self-custodied cryptocurrency wallet controlled by you, for which you, and only you, hold the private key or equivalent signing authority.

3. Eligibility and Account Requirements

You represent and warrant that (a) you are at least eighteen (18) years of age or the age of majority in your jurisdiction, whichever is higher; (b) you have the full legal capacity to enter into these Terms; (c) you are not a Restricted Person (as defined below); (d) you have not been previously suspended, restricted, or barred from using the Services; (e) your use of the Services does not violate any applicable law, regulation, rule, order, or sanctions program of any jurisdiction to which you are subject; and (f) you are solely responsible for determining whether your use of the Services is permitted in your jurisdiction.

A "Restricted Person" means any individual or entity that (i) is a resident, national, citizen, or agent of, or located in, any jurisdiction subject to comprehensive sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the United Nations Security Council, the European Union, Her Majesty's Treasury, or any other competent sanctions authority; (ii) appears on any sanctions, denied-persons, or blocked-persons list maintained by any of the foregoing authorities; or (iii) is otherwise prohibited from using the Services by any applicable law or regulation. You are solely responsible for ensuring that your use of the Services does not render you a Restricted Person.

4. Description of the Services; Non-Custodial Nature

AutoSwap is a set of user interfaces and open-source smart contracts that facilitate automated liquidity provision on Uniswap V3 and compatible decentralized exchanges. When you deposit a Digital Asset into a Pool through the interface, the Pool accepts your deposit, mints ERC-20 share tokens representing your proportional interest, and subsequently deploys the pooled assets into Uniswap V3 liquidity positions managed by the Strategy.

The Services are non-custodial. The Operator does not at any time take custody, control, or possession of your Digital Assets, private keys, mnemonic phrases, or any other credentials necessary to access or move your funds. All transactions are executed peer-to-peer between your User Wallet and the applicable smart contracts on the Blockchain Network. You retain exclusive control over your Digital Assets at all times and may redeem your shares directly against the Pool contract, including by interacting with the contract through a blockchain explorer or any other interface that can sign transactions to the Pool, without reliance upon the Operator's front-end interface.

The smart contracts are designed so that the Operator cannot withdraw your funds. In the implementation currently deployed:

  • You may redeem the underlying assets corresponding to your shares at any time via the redeem function. Redemption does not require the Operator's approval, and the Operator has no means to stop, freeze, or delay your redemption — including while the Services are paused.
  • The contracts contain no function permitting the Operator to move user funds to an Operator-controlled or any other arbitrary address. An emergency pause halts new deposits and automated operations only; liquidity positions are returned to the Pool itself, from which each user redeems their proportional share.

You acknowledge, however, that the properties described in this Section pertain to the implementation contracts currently deployed and may be changed by a future upgrade as described in Section 6.

5. User Wallet; Security Responsibility

You are solely and entirely responsible for the security of your User Wallet, including but not limited to private keys, seed phrases, hardware security modules, passwords, device integrity, and access controls. The Operator does not store, back up, recover, reset, or otherwise have any ability to access or restore any credentials associated with your User Wallet. Loss, theft, compromise, or destruction of your User Wallet credentials will result in the permanent and irrecoverable loss of all Digital Assets controlled by that User Wallet, and the Operator bears no responsibility for such loss under any theory of liability.

You acknowledge and agree that (a) you are solely responsible for evaluating the authenticity of any website, interface, contract address, or communication purporting to relate to the Services; (b) phishing, social engineering, malware, clipboard hijacking, malicious browser extensions, compromised operating systems, and similar threats are outside the Operator's control and remain your exclusive responsibility; and (c) you will independently verify every contract address against the officially published config/vaults.json reference before connecting or signing any transaction.

6. Smart Contract Architecture; Upgradeability

The Pool and Strategy contracts are implemented using the Universal Upgradeable Proxy Standard (UUPS). This means that the implementation contract code may be replaced by the Administrator at any time without your consent or advance notice. Upgrades may modify, add, remove, or repurpose functionality, including without limitation fee parameters (subject to contractual and on-chain limits), rebalancing logic, share-accounting mechanics, authorization checks, and emergency controls. You acknowledge that the behavior of the Protocol at any given point in time depends on the then-current implementation contract, which may differ materially from the implementation in effect at the time of your deposit. Your continued use of the Services following any upgrade constitutes your acceptance of the then-current implementation.

7. Administrative Controls and Strategy Parameters

The Administrator has broad discretion to adjust parameters governing the behavior of each Pool and Strategy. Such parameters include, without limitation, tick ranges, slippage tolerances, cooldown periods, volatility thresholds, trend biases, inventory control targets, order-flow-imbalance offsets, patience windows, volume boost triggers, trend widening factors, and fee recipients. The Administrator may also pause new deposits and automated operations (but cannot pause, block, or restrict user redemptions); add or remove Keeper addresses; and perform any other administrative action authorized by the contract code.

You expressly acknowledge that (a) administrative actions may cause realized losses, including without limitation losses arising from forced rebalancing at unfavorable prices, pause events coinciding with market moves, parameter changes that exacerbate impermanent loss, or operational errors; and (b) the Operator shall have no liability arising from any administrative action taken in good faith, including any action that in hindsight proves suboptimal or that a reasonable person might have performed differently.

8. Fees

Certain fees are collected automatically by the Protocol smart contracts upon the collection of trading fees from Uniswap V3 positions. Fees are denominated in the same Digital Assets as the underlying liquidity positions and are transferred to addresses encoded in the applicable Pool contract.

  1. Performance Fee. A percentage of gross trading fees is paid to the operator-designated performance fee recipient. The performance fee rate is set on-chain and may be adjusted by the Administrator, up to a contract-enforced maximum of fifty percent (50%).
  2. System Fee. A fixed percentage of gross trading fees is paid to the platform system fee recipient. The system fee rate is set at contract initialization and, under the current implementation, is not adjustable through an ordinary administrative function; modifying the system fee requires a contract upgrade.
  3. Referral Fee. Where applicable, a portion of gross trading fees is allocated to a referrer address recorded at the time of deposit, in accordance with the referral rules encoded in the Pool contract.
  4. Gas Fees. You are solely responsible for paying the gas fees required to execute your deposit, withdrawal, and any other transactions you initiate on the Blockchain Network. Gas fees are paid in the native currency of the applicable Blockchain Network and are not refunded in the event of transaction failure.

All fee rates and recipient addresses are publicly visible on-chain. You are responsible for verifying such parameters before depositing.

9. Deposits, Withdrawals, and Redemptions

Deposits and withdrawals are processed exclusively on-chain via the Pool contract's public functions. Deposit amounts are subject to the Pool's share-price conversion logic at the time of the transaction; the number of shares minted or assets redeemed depends on the Pool's net asset value and total supply at the block of execution. Redemption may require the Strategy to partially close out-of-range liquidity positions, which may result in returned Digital Assets being denominated partially or wholly in a non-base asset (for example, WETH returned alongside USDC). You accept any such composition outcome.

Transactions may fail, revert, or remain pending for reasons including but not limited to network congestion, insufficient gas, slippage protection triggering, pool illiquidity, or smart contract reverts. The Operator is not responsible for transaction failures or for any consequential cost, loss, or missed opportunity arising therefrom.

10. Keeper Operations and Automation Limitations

The Keeper runs on off-chain infrastructure that the Operator or a delegated party maintains on a commercially reasonable basis. The Operator does not guarantee that the Keeper will remain online, submit transactions within any particular time window, perform rebalances at any particular price, or successfully mitigate impermanent loss, slippage, directional drift, or other market risks. You expressly acknowledge that (a) the Keeper may pause, fail, malfunction, or produce suboptimal decisions; (b) rebalance logic is heuristic and non-deterministic; (c) gas-cost optimization and rebalance timing involve trade-offs that may not always align with your individual circumstances; and (d) in the absence of Keeper activity, liquidity positions may drift out of range, generate no trading fees, and lose value relative to a passive hold strategy.

11. Risks

You acknowledge and accept each of the following risks, among others. The list is illustrative and not exhaustive.

  1. Smart Contract Risk. Smart contracts may contain undiscovered bugs, logic errors, or vulnerabilities. Exploitation of such defects may result in partial or total loss of your deposited Digital Assets. No audit, formal verification, bug bounty, or insurance program can fully eliminate this risk.
  2. Impermanent Loss and Market Risk. Concentrated liquidity provision on automated market makers such as Uniswap V3 exposes you to impermanent loss, directional price risk, volatility drawdowns, and market-regime changes. Trading fees may or may not compensate for these losses over any given period. Past performance is not indicative of future results.
  3. Impermanent Loss Amplification in Concentrated Positions. Narrower liquidity ranges amplify impermanent loss when prices move outside the range. You accept that aggressive Strategy configurations carry materially higher tail-risk profiles than passive holding or wider ranges.
  4. Blockchain Network Risk. Block reorganizations, consensus failures, sequencer downtime, maximal extractable value (MEV) activity, frontrunning, sandwich attacks, and bridge failures may adversely affect the Services. The Operator does not control the Blockchain Network and assumes no responsibility for its operation.
  5. Oracle and Dependency Risk. The Services rely on third-party infrastructure including remote procedure call (RPC) providers, Uniswap V3 pool state, off-chain price feeds such as Binance candle data, and block explorer services. Failures, inaccuracies, manipulation, or unavailability of any such dependency may cause suboptimal Strategy decisions, stale valuations, or transaction failures.
  6. Regulatory Risk. The legal characterization of Digital Assets, liquidity positions, and automated strategies varies widely and is subject to change. New laws or enforcement actions may adversely affect your ability to use the Services, the value of your positions, or your tax liability. You alone bear such regulatory risk.
  7. Upgrade Risk. As described in Section 6, contract implementations may be replaced without your consent, changing the behavior of your positions in ways that may be materially adverse.
  8. Operational Risk. Loss of administrative keys, key compromise, infrastructure outages, third-party service discontinuation, and hosting provider failures may interrupt the Services or render the administrative interface unavailable. The Pool contracts' non-custodial nature means you retain direct redemption rights regardless of interface availability.
  9. Tax Risk. You are solely responsible for determining and paying any taxes, levies, duties, or similar charges applicable to your use of the Services. The Operator does not provide tax advice and does not withhold or report any tax-related information on your behalf.
  10. Phishing and Fraud Risk. Malicious actors may impersonate the Services. You are solely responsible for verifying authenticity before interacting with any interface or contract.

12. No Investment, Legal, or Tax Advice

Nothing provided by the Services, including without limitation any user interface element, chart, metric, projected APR, backtest result, performance report, ranking, optimizer output, or documentation, constitutes investment, legal, tax, accounting, or other professional advice. All such information is provided for general informational purposes only and should not be relied upon as the basis for any decision to deposit, withdraw, trade, hold, or refrain from any of the foregoing. You should consult your own qualified advisors before interacting with the Services.

13. Third-Party Services and Dependencies

The Services integrate with or rely upon numerous third-party products and networks, including but not limited to Uniswap V3 smart contracts, Base and Arbitrum Layer-2 networks, RPC providers, wallet applications such as MetaMask, block explorers such as Basescan and Arbiscan, price data from centralized exchanges, cloud hosting providers such as Railway and Vercel, and subgraph indexers. The Operator does not control any third-party product or service, does not endorse any third-party product or service, and makes no representation or warranty regarding any such product or service. Your relationship with any third party is governed exclusively by that third party's terms and policies, and any dispute arising out of your use of a third-party product or service lies exclusively between you and that third party. The Operator disclaims any and all liability arising from the acts, omissions, failures, outages, security breaches, changes in terms, or discontinuation of any third-party product or service.

14. Intellectual Property

All text, graphics, user interfaces, visual designs, logos, icons, trademarks, software, documentation, and other materials that constitute the Services, other than open-source components licensed under their respective terms, are the property of the Operator or its licensors and are protected by copyright, trademark, and other intellectual property laws. The Operator grants you a limited, revocable, non-exclusive, non-transferable, non-sublicensable license to access and use the Services solely for your personal, non-commercial use in accordance with these Terms. No other license or right is granted, expressly or by implication.

15. Prohibited Conduct

You agree not to, and not to attempt to:

  • use the Services in any manner that violates any applicable law, regulation, or sanctions program;
  • use the Services in connection with money laundering, terrorism financing, fraud, tax evasion, market manipulation, or any other unlawful activity;
  • circumvent, disable, or interfere with any security, rate-limiting, or access-control feature of the Services;
  • reverse engineer, decompile, or disassemble any non-open-source component of the Services;
  • use any robot, spider, scraper, or other automated means to access the Services for purposes of replicating, mirroring, or extracting data in a manner inconsistent with these Terms or any published access policy;
  • launch denial-of-service attacks, flood transactions, or otherwise attempt to degrade the availability or performance of the Services or any supporting infrastructure;
  • impersonate any person or entity or misrepresent your affiliation with any person or entity;
  • use the Services on behalf of any Restricted Person.

16. Disclaimer of Warranties

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICES ARE PROVIDED STRICTLY ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTY OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE. THE OPERATOR SPECIFICALLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, AVAILABILITY, QUIET ENJOYMENT, UNINTERRUPTED USE, SECURITY, ABSENCE OF ERRORS OR DEFECTS, COMPATIBILITY, AND ANY WARRANTIES ARISING FROM A COURSE OF DEALING, COURSE OF PERFORMANCE, OR USAGE OF TRADE. THE OPERATOR MAKES NO REPRESENTATION OR WARRANTY THAT (A) THE SERVICES WILL MEET YOUR REQUIREMENTS; (B) THE SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE; (C) ANY DEFECTS WILL BE CORRECTED; (D) THE SERVICES ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; OR (E) ANY PERFORMANCE, APR, OR RETURN PROJECTION WILL BE ACHIEVED.

17. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE OPERATOR, ITS AFFILIATES, OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, LICENSORS, OR SUPPLIERS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS, REVENUES, DATA, GOODWILL, USE, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATING TO YOUR ACCESS TO OR USE OF, OR INABILITY TO ACCESS OR USE, THE SERVICES, WHETHER BASED IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, STATUTE, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE OPERATOR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TO THE FULLEST EXTENT PERMITTED BY LAW, THE AGGREGATE LIABILITY OF THE OPERATOR AND ITS AFFILIATES FOR ANY CLAIM ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICES SHALL NOT EXCEED THE GREATER OF (A) THE FEES ACTUALLY PAID BY YOU TO THE OPERATOR IN CONNECTION WITH THE SPECIFIC TRANSACTION GIVING RISE TO THE CLAIM DURING THE THIRTY (30) DAYS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO SUCH LIABILITY, AND (B) ONE HUNDRED UNITED STATES DOLLARS (US$100). THE FOREGOING LIMITATIONS SHALL APPLY NOTWITHSTANDING THE FAILURE OF ANY LIMITED OR EXCLUSIVE REMEDY. CERTAIN JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES; IN SUCH JURISDICTIONS, THE FOREGOING SHALL APPLY TO THE MAXIMUM EXTENT PERMITTED.

18. Indemnification

You agree to defend, indemnify, and hold harmless the Operator, its affiliates, and their respective officers, directors, employees, agents, licensors, and suppliers from and against any and all claims, actions, demands, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to (a) your use of or inability to use the Services; (b) your breach of these Terms; (c) your violation of any applicable law or regulation or of the rights of any third party; (d) any content you submit or transmit through the Services; and (e) any dispute between you and any third party concerning the Services or a Digital Asset. The Operator reserves the right, at its own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you agree to cooperate with the Operator's defense of such claim.

19. Service Availability, Modification, and Termination

The Operator may, at any time and for any reason, modify, suspend, discontinue, or terminate all or any portion of the Services, or impose limits on certain features, with or without notice and without liability to you. The Operator has no obligation to maintain any front-end interface, indexing service, analytics, or documentation. Because the Services are non-custodial, your ability to redeem your Pool shares continues on-chain independently of any front-end interface.

20. Modifications to These Terms

The Operator may revise these Terms from time to time. Revisions become effective upon publication at this page or a successor location. Your continued use of the Services following publication constitutes acceptance of the revised Terms. If any revision is material, the Operator will use commercially reasonable efforts to provide advance notice through the user interface; however, the absence of such notice does not invalidate a revision. You are responsible for periodically reviewing these Terms.

21. Governing Law and Dispute Resolution

These Terms and any dispute arising out of or relating to them or to the Services shall be governed by and construed in accordance with the laws of Japan, without regard to conflict-of-law principles. You and the Operator agree that any dispute, controversy, or claim arising out of or relating to these Terms or the Services, including their formation, interpretation, breach, or termination, shall be finally resolved by binding arbitration. The seat of arbitration shall be Tokyo, Japan, and the language of arbitration shall be English. You irrevocably waive any right to participate in a class, collective, or representative action, to the fullest extent permitted by applicable law.

22. Severability; No Waiver; Assignment

If any provision of these Terms is held invalid or unenforceable by a competent authority, such provision shall be modified to the minimum extent necessary to render it valid and enforceable, or if such modification is not possible, it shall be severed, and the remaining provisions shall continue in full force and effect. No failure or delay by the Operator in exercising any right shall operate as a waiver thereof. You may not assign or transfer these Terms, by operation of law or otherwise, without the Operator's prior written consent; the Operator may freely assign these Terms.

23. Entire Agreement

These Terms, together with any policies or additional terms incorporated by reference, constitute the entire agreement between you and the Operator concerning the Services and supersede all prior or contemporaneous communications, proposals, and agreements, whether oral or written.

24. Contact

Questions regarding these Terms may be directed to the administrative address listed on the Services' contact page or, where separate business arrangements exist, to the Operator's representative named therein.