Terms of Service

1. Acceptance

By accessing or using Perk ("perk.fund", the "Protocol", or the "Interface"), you agree to be bound by these Terms of Service. If you do not agree, do not use the Protocol. Your continued use constitutes acceptance of any updates to these terms.

2. What Perk Is

Perk is a decentralized, permissionless perpetual futures protocol built on the Solana blockchain. The Interface provides a way to interact with on-chain smart contracts. Perk does not custody funds, execute trades on your behalf, or act as a counterparty. All transactions are peer-to-protocol and settled on-chain.

3. Eligibility

You must be of legal age in your jurisdiction to use the Protocol. You are solely responsible for ensuring that your use of Perk complies with all applicable laws and regulations in your jurisdiction. Perk is not available to persons or entities subject to U.S. sanctions or located in jurisdictions where perpetual futures trading is prohibited.

4. No Financial Advice

Nothing on the Interface constitutes financial, investment, legal, or tax advice. Perpetual futures are complex derivatives that carry significant risk of loss. You should consult qualified professionals before trading. Past performance does not indicate future results.

5. Risks

By using Perk, you acknowledge and accept the following risks:

• Smart contract risk: The Protocol's smart contracts may contain bugs or vulnerabilities despite auditing and testing. Funds deposited into the Protocol could be permanently lost.
• Liquidation risk: Leveraged positions can be liquidated if the mark price moves against you. Liquidation may result in total loss of deposited collateral.
• Oracle risk: The Protocol relies on price oracles. Oracle failures, delays, or manipulation could result in incorrect pricing and unexpected liquidations or losses.
• Market risk: Cryptocurrency markets are highly volatile. Prices can move rapidly and unpredictably.
• Blockchain risk: Solana network congestion, outages, or forks may prevent timely execution of transactions.
• Regulatory risk: The regulatory landscape for DeFi and derivatives is evolving. Future regulations may impact your ability to use the Protocol.
• Permissionless markets: Anyone can create a market on Perk. The existence of a market does not imply endorsement, vetting, or due diligence of the underlying token.

6. No Warranties

The Protocol and Interface are provided "as is" and "as available" without warranties of any kind, express or implied. We do not guarantee uptime, accuracy, completeness, or fitness for any particular purpose. We make no representations about the value or safety of any tokens traded on the Protocol.

7. Limitation of Liability

To the maximum extent permitted by law, Perk, its contributors, developers, and affiliates shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from your use of the Protocol. This includes, without limitation, loss of funds, loss of profits, trading losses, liquidation losses, and damages from smart contract exploits.

8. Your Responsibilities

• You are responsible for securing your wallet and private keys.
• You are responsible for all transactions made from your wallet.
• You will not use the Protocol for any unlawful purpose.
• You will not attempt to exploit, manipulate, or attack the Protocol or its oracles.
• You understand that transactions on the blockchain are irreversible.

9. Fees

The Protocol charges trading fees as defined by on-chain parameters. Fee rates are visible before each transaction. Market creators receive a share of fees generated by their markets. Fees are non-refundable once a transaction is confirmed on-chain.

10. Modifications

We reserve the right to modify these terms at any time. Changes take effect upon posting. Your continued use after changes constitutes acceptance.

11. Governing Law

These terms shall be governed by and construed in accordance with applicable law, without regard to conflict of law principles. Any disputes arising from the use of the Protocol shall be resolved through binding arbitration.

12. Severability

If any provision of these terms is found to be unenforceable, the remaining provisions shall continue in full force and effect.

13. Contact

For questions about these terms, reach out via our official channels at @PERK_FUND.