Terms of Use

LAST UPDATED 25 AUGUST 2026

1. What these terms cover

These terms govern your use of the website and application at lodestarprotocol.xyz (the “Interface”), operated by the Lodestar project (“Lodestar”, “we”, “us”), which is established in and operates from Switzerland. Details of the operating entity are available to a competent court or regulator on request, and to any party with a legitimate legal interest.

They do not govern the Lodestar smart contracts deployed on the Flare network (the “Protocol”). The Protocol is autonomous, immutable and permissionless software. It is not operated by us, it cannot be altered or switched off by us, and it can be accessed by anyone directly without using the Interface.

By accessing the Interface you accept these terms. If you do not accept them, do not use the Interface.

2. The Interface is software, not a service

The Interface is a graphical front end that helps you construct transactions and read publicly available blockchain data. Using it:

• We never take custody, control or possession of your assets or private keys at any time.
• Every transaction is signed by you, in your own wallet, and broadcast by you.
• We cannot execute, reverse, cancel, freeze or recover any transaction on your behalf.
• We do not hold any account for you and there is no balance owed by us to you.

Nothing in your use of the Interface creates a fiduciary, advisory, brokerage, banking, deposit-taking or trust relationship between you and us.

3. No advice

Nothing on the Interface is financial, investment, legal, tax or accounting advice, a recommendation, or a solicitation to buy or sell anything. Any figures, rates, projections, previews or estimates shown are for information only, are derived from on-chain data and third-party price feeds, may be inaccurate or stale, and are not a promise of any outcome. You are solely responsible for your own decisions and for obtaining your own professional advice.

4. Eligibility, sanctions and your representations

The Interface is open. We do not require registration, identity documents or approval, and we do not maintain a general list of excluded countries. Access is instead governed by the representations you make below, which you give each and every time you use the Interface.

You represent and warrant that:

• you are of legal age in your jurisdiction and have full capacity to enter these terms;
• you are not a person or entity subject to sanctions administered or enforced by Switzerland (SECO), the United Nations, the European Union, the United Kingdom or the United States (OFAC), and are not owned or controlled by, or acting on behalf of, any such person;
• you are not located in, ordinarily resident in, or organised under the laws of any jurisdiction subject to comprehensive sanctions, which currently includes North Korea, Iran, Syria, Cuba, and the Crimea, Donetsk and Luhansk regions of Ukraine;
• using the Protocol is lawful for you under the laws that apply to you, and you have satisfied yourself of this. We make no representation that the Protocol or the Interface is lawful, appropriate or available in your jurisdiction, and where it is not, you must not use it;
• you are not using the Interface to finance terrorism, launder money, evade sanctions or commit any other unlawful act;
• you are acting on your own account and not on behalf of any person to whom the above would not apply.

If any of these representations is or becomes untrue, you must stop using the Interface immediately.

No solicitation. Nothing on the Interface is an offer, invitation or solicitation to any person in any jurisdiction where such an offer would be unlawful, or to any person to whom it would be unlawful to make it. Information is made generally available and is not targeted at, or directed to, the residents of any particular country.

We may restrict or block access from any jurisdiction, network or address at any time, with or without notice and without liability, including where we consider it necessary to comply with law. We are under no obligation to do so, and any decision not to block a given jurisdiction is not a representation that use there is lawful.

5. Your responsibilities

• Your keys. You are solely responsible for the security of your wallet, seed phrase and devices. Loss of your keys means permanent loss of access and we cannot help you recover it.
• Verifying what you sign. You are responsible for checking the contract addresses, amounts, terms and network before approving any transaction.
• Phishing. Only ever use the official domain. We will never contact you first, never ask for your seed phrase, and never ask you to approve a transaction over direct message.
• Compliance and tax. You are responsible for determining and meeting your own legal and tax obligations arising from your use of the Protocol.

6. Protocol mechanics you are agreeing to understand

The Protocol offers fixed-term, over-collateralised borrowing with no price-based liquidation. That is a genuinely different risk profile, not a safer one in every respect. Before using it you must read the Risk Disclosure, which forms part of these terms. In particular:

• A loan not repaid by its deadline plus the grace window can be settled by anyone, permissionlessly, and the borrower can lose the collateral.
• Lenders bear losses that exceed the first-loss reserve. The reserve is not insurance.
• Redemptions are limited to the pool's idle balance and are first-come, first-served.
• Certain risk parameters can be changed by the Protocol's governance multisig. Terms already attaching to an open loan are frozen at the time that loan is opened.

7. Fees

The Protocol charges a borrower origination fee, disclosed in the Interface before you confirm any transaction. A portion of that fee accrues to lenders and a portion accrues to an on-chain reserve. Fees are set in the Protocol, not by the Interface. Network gas fees are separate and are paid by you to the network.

8. Availability and changes

We may modify, suspend or discontinue the Interface, in whole or in part, at any time and without notice. The Protocol is immutable and will continue to exist and operate independently of the Interface. We do not guarantee that the Interface will be available, uninterrupted, timely, secure or error free.

9. Third-party services

The Interface relies on third parties we do not control, including RPC and node providers, wallet software, price oracles, decentralised exchanges, token issuers and hosting providers. We are not responsible for their acts, omissions, availability, accuracy or security. Links to third-party sites are provided for convenience and are not an endorsement.

10. Intellectual property

The Lodestar name, logo and brand assets are ours and may not be used without written permission. The Protocol's source code is published under the Business Source License 1.1; your rights in it are governed solely by that licence. The content of the Interface is protected by copyright and may not be copied for commercial use.

11. Disclaimer of warranties

To the fullest extent permitted by law, the Interface and all information on it are provided “as is” and “as available”, without warranty of any kind, express or implied, including any warranty of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, or that defects will be corrected. We do not warrant that the Protocol is free of vulnerabilities. A security review does not guarantee the absence of defects.

12. Limitation of liability

To the fullest extent permitted by law, neither we nor our directors, officers, employees, contractors or agents will 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 or the Protocol, whether based in contract, tort, strict liability or otherwise, and whether or not we were advised of the possibility of such loss.

In no event will our total aggregate liability arising out of or relating to these terms exceed one hundred Swiss francs (CHF 100).

Nothing in these terms excludes or limits liability that cannot lawfully be excluded or limited, including liability for death or personal injury caused by negligence, or for fraud or wilful misconduct.

13. Assumption of risk

You acknowledge that you use the Protocol entirely at your own risk, that you understand the risks set out in the Risk Disclosure, and that you may lose some or all of the assets you commit. You accept that no deposit insurance, investor compensation scheme or government protection applies.

14. Indemnity

You will indemnify and hold us harmless from any claim, demand, loss, liability, cost or expense (including reasonable legal fees) arising from your use of the Interface or the Protocol, your breach of these terms, or your violation of any law or the rights of a third party.

15. Governing law and jurisdiction

These terms are governed by the substantive laws of Switzerland, without regard to conflict-of-law rules and excluding the United Nations Convention on Contracts for the International Sale of Goods. The exclusive place of jurisdiction is Switzerland, subject to any mandatory place of jurisdiction available to consumers under applicable law.

16. Changes to these terms

We may update these terms at any time. The version in force is the one published here, and the date at the top reflects the last change. Continuing to use the Interface after a change constitutes acceptance.

17. Severability and entire agreement

If any provision is held unenforceable, the remainder stays in force and the unenforceable provision is replaced by an enforceable one that comes closest to its intended effect. These terms, together with the Risk Disclosure and the Privacy Policy, are the entire agreement between you and us regarding the Interface.

18. Contact

Legal notices: legal@lodestarprotocol.xyz
Security disclosures: security@lodestarprotocol.xyz