MagmaMAGMA

Magma DEX - Terms of Use

Effective Date: April 9, 2026 | Last Updated: April 9, 2026

1. Introduction

These Terms of Use ("Terms") govern your access to and use of Magma DEX ("Magma," "Protocol," "we," "our," or "us"), including web interfaces, smart contracts, APIs and documentation. By accessing or using Magma DEX, you agree to be bound by these Terms. If you do not agree, you must not use the Protocol.

2. Nature of the Protocol

Magma DEX is a decentralized, non-custodial protocol comprised of autonomous smart contracts deployed on blockchain networks and accessible via third-party or community-operated interfaces.

  • Magma does not custody user funds.
  • Magma does not execute trades on your behalf.
  • Magma does not provide brokerage or intermediary services.

3. Eligibility

By using Magma DEX, you represent and warrant that:

  • You are at least 18 years old.
  • You have full legal capacity to enter into these Terms.
  • You are not located in, or a resident of, any restricted or sanctioned jurisdiction.
  • Your use complies with all applicable laws and regulations.

4. User Responsibilities

  • 4.1 Wallet and Security: You are solely responsible for maintaining control of your wallet, securing private keys and seed phrases, and all transactions initiated from your wallet. Magma cannot recover lost credentials or reverse transactions.
  • 4.2 Compliance: You agree not to use Magma DEX for illegal activities, money laundering or terrorist financing, sanctions evasion, fraud, manipulation, or abusive trading practices.
  • 4.3 Technical Understanding: You acknowledge that you understand how blockchain transactions work, the risks of smart contracts and DeFi, and AMM mechanics, liquidity pools, and slippage.

5. Non-Custodial and No Fiduciary Relationship

  • Magma does not hold or control your assets.
  • Magma does not act as a custodian, broker, or fiduciary.
  • Magma does not owe any duty of care regarding your trading decisions.

6. Protocol Risks

By using Magma DEX, you accept all risks, including but not limited to:

  • 6.1 Market Risks: Volatility of digital assets, impermanent loss, liquidity fluctuations.
  • 6.2 Smart Contract Risks: Bugs or vulnerabilities, exploits or hacks, code errors.
  • 6.3 Blockchain Risks: Network congestion or failures, forks or consensus changes, irreversible transactions.
  • 6.4 MEV and Execution Risks: Front-running and sandwich attacks, price slippage, failed or delayed transactions.
  • You may lose all funds.

7. No Investment Advice

Nothing provided by Magma constitutes investment advice, financial or legal advice, or a recommendation or endorsement. All decisions are your sole responsibility.

8. Fees and Economic Parameters

Use of Magma DEX may involve trading fees, liquidity provider fees, and network (gas) fees. Fees may vary dynamically and may change at any time via governance or protocol updates.

9. Governance

Magma DEX may be governed by DAO mechanisms, token holders, and smart contract upgrades. Governance decisions may change protocol behavior, modify fees or incentives, and introduce new risks. You accept all outcomes of governance processes.

10. Third-Party Services

Magma may rely on wallet providers, blockchain networks, oracles, and cross-chain bridges. We are not responsible for third-party failures, data inaccuracies, or external exploits.

11. Intellectual Property

The Magma name, branding, and interfaces may be protected by intellectual property laws. However, smart contracts may be open-source and you may interact permissionlessly with the Protocol. You may not misrepresent affiliation with Magma or use branding for deceptive or unlawful purposes.

12. Privacy

Your use of Magma DEX is also governed by the Privacy Policy. Due to blockchain design, transactions are public and immutable, and Magma does not control on-chain data.

13. Suspension and Access Restrictions

We may restrict access to frontend interfaces if required by law, necessary for security reasons, or needed to prevent abuse or exploitation. Note: smart contracts may remain accessible independently.

14. Disclaimer of Warranties

Magma DEX is provided "as is" and "as available", without warranties of any kind, including availability or uptime, accuracy of data or pricing, or fitness for a particular purpose. We do not guarantee profitability, liquidity, or system performance.

15. Limitation of Liability

To the fullest extent permitted by law, Magma and its contributors shall not be liable for loss of funds, profits, or data, smart contract failures or exploits, network or infrastructure issues, or indirect or consequential damages.

16. Indemnification

You agree to indemnify and hold harmless Magma and its contributors from any claims arising from your use of the Protocol, violation of these Terms, or breach of applicable laws.

17. Regulatory and Jurisdictional Notice

Magma does not guarantee compliance with any jurisdiction. You are solely responsible for determining legality of use and meeting tax and reporting obligations.

18. Modifications to the Protocol

Magma may update smart contracts, modify interfaces, and change functionality without prior notice.

19. Amendments to Terms

We may update these Terms at any time. Continued use constitutes acceptance of updated Terms.

20. Termination

You may stop using Magma DEX at any time. Due to blockchain design, past transactions remain permanent and smart contract interactions cannot be undone.

21. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the United States.

22. Dispute Resolution

Any disputes arising under these Terms shall be resolved by arbitration or courts in the chosen jurisdiction, in accordance with applicable laws.

23. Entire Agreement

These Terms constitute the entire agreement between you and Magma regarding use of the Protocol.

24. Contact Information

For questions regarding these Terms: Email: legal@magmadex.trade Project: Magma DEX

25. Restricted Jurisdictions & Sanctions Addendum

Effective Date: October 5, 2026. This Restricted Jurisdictions & Sanctions Addendum (the "Addendum") supplements and forms part of these Terms, applicable to Magma DEX, including the Magma DEX website and trading interface at magmadex.trade. Capitalized terms not defined in this Addendum have the meanings assigned to them in these Terms. If this Addendum conflicts with these Terms regarding geographic access, sanctions, restricted persons, or Restricted Jurisdictions, this Addendum controls.

25.1 Restricted Jurisdictions

You may not access or use the Magma DEX website, trading interface, applications, APIs, or other services operated, hosted, controlled, or made available by Magma DEX (collectively, the "Services") if you are located in, ordinarily resident in, incorporated or organized under the laws of, or accessing the Services from a Restricted Jurisdiction. For purposes of this Addendum, the following are "Restricted Jurisdictions":

  • Belarus
  • Cuba
  • Iran
  • North Korea
  • Russia
  • Syria
  • Ukraine
  • United Kingdom
  • United States of America, including its territories and possessions

25.2 IP-Based Geographic Restrictions

Magma DEX may use Internet Protocol (IP) addresses, geolocation data, network information, device information, and other technical signals to determine the apparent location from which a user accesses the Services. Access originating from an IP address identified as being within a Restricted Jurisdiction may be automatically blocked or restricted. Magma DEX may use third-party geolocation and compliance providers for this purpose. Geolocation technologies are not guaranteed to be completely accurate, and Magma DEX may use additional information or controls where reasonably necessary.

25.3 Prohibition on Circumvention

Users must not attempt to circumvent geographic restrictions or other access controls implemented by Magma DEX. Prohibited methods include using a:

  • virtual private network (VPN)
  • proxy server
  • remote desktop service
  • tunneling service
  • IP-masking or anonymization service
  • location-spoofing technology; or
  • other mechanism intended to falsely represent, disguise, or conceal the user's location

25.4 Sanctions Compliance

Regardless of geographic location, you may not access or use the Services if you are: (a) subject to economic or trade sanctions administered or enforced by any governmental or regulatory authority applicable to Magma DEX or the Services; (b) identified on an applicable sanctions, blocked-person, prohibited-person, or restricted-party list; (c) owned or controlled, directly or indirectly, by a sanctioned person or entity where applicable sanctions laws prohibit providing the Services; (d) acting for, on behalf of, or for the benefit of a sanctioned or prohibited person where providing the Services would violate applicable law; or (e) otherwise prohibited from receiving or using the Services under applicable sanctions, export-control, anti-money-laundering, counter-terrorist-financing, or other applicable laws. Relevant authorities may include, where applicable, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), the United Nations Security Council, the European Union, His Majesty's Treasury (HM Treasury), and other competent sanctions authorities.

25.5 Wallet and Transaction Screening

Magma DEX may use blockchain analytics, sanctions-screening services, wallet-risk intelligence, transaction-monitoring systems, and other compliance tools. These systems may identify wallet addresses or transactions associated with sanctioned persons or entities, sanctioned jurisdictions, stolen or misappropriated digital assets, fraud or scams, ransomware, money laundering, terrorist financing, exploits or hacks, illicit marketplaces, or other prohibited activity. Where permitted or required by applicable law and technically possible within Magma DEX-controlled Services, Magma DEX may deny or restrict access to the Services, prevent transactions through the Magma DEX interface, restrict a wallet from accessing operator-controlled functionality, reject API requests, require additional information or verification, suspend access to specific features, make legally required reports to competent authorities, or take other measures required by applicable law.

25.6 User Representations and Warranties

By accessing or using the Services, you represent and warrant that:

  • you are not located in, ordinarily resident in, or accessing the Services from a Restricted Jurisdiction
  • you are not a sanctioned or otherwise prohibited person
  • you are not accessing or using the Services for or on behalf of a sanctioned or prohibited person
  • you will not use a VPN, proxy, location-spoofing technology, or other method to circumvent Magma DEX's geographic restrictions
  • you will not knowingly use the Services in connection with sanctioned or unlawful activity; and
  • your access to and use of the Services complies with all laws and regulations applicable to you

25.7 Product and Feature Restrictions

Availability of Magma DEX or any particular feature in a jurisdiction does not constitute a representation that such feature is lawful, licensed, approved, or appropriate for use in that jurisdiction. Magma DEX may impose different geographic restrictions on individual products or functionality, including spot trading, swaps, perpetual or derivatives trading, leveraged trading, liquidity pools, liquidity provision, vaults, yield or rewards programs, staking, token launches, token sales, and other DeFi functionality. Magma DEX may restrict individual features without restricting access to every component of the Services.

25.8 Decentralized Protocol and Public Blockchain Infrastructure

Magma DEX may provide interfaces that facilitate interaction with smart contracts deployed on public blockchain networks. Public blockchain networks and certain smart contracts may operate independently of Magma DEX and may remain technically accessible without using the Magma DEX Services. Accordingly, nothing in this Addendum represents or implies that Magma DEX controls a public blockchain network or has the technical ability to prevent every interaction with independently accessible smart contracts. The restrictions contained in this Addendum apply to the Magma DEX website, trading interface, APIs, applications, and other operator-controlled Services to the extent Magma DEX can lawfully and technically enforce those restrictions. Direct technical accessibility of a public blockchain or smart contract does not constitute permission or authorization from Magma DEX to access or use a restricted Service.

25.9 Enforcement

If Magma DEX determines or reasonably suspects that a user has violated this Addendum, Magma DEX may take appropriate action with respect to Magma DEX-controlled Services, including blocking an IP address, restricting a wallet from the frontend, denying API access, disabling specific functionality, requiring additional verification, suspending or terminating access to the Services, or taking other action required by applicable law. Magma DEX may take such action without prior notice where required by law, necessary for sanctions compliance, or reasonably necessary to protect the Services or users.

25.10 No Circumvention Through Alternative Interfaces

A user prohibited from accessing the Services may not use another person, wallet, account, entity, intermediary, interface, proxy, automated system, or other mechanism for the purpose of circumventing Magma DEX's restrictions. Users must not assist another person in circumventing restrictions imposed under this Addendum.

25.11 Changes to Restricted Jurisdictions

Laws, sanctions programs, and regulatory requirements may change rapidly. Magma DEX may therefore modify its Restricted Jurisdiction list, sanctions controls, product restrictions, and related access requirements from time to time to reflect changes in applicable law, sanctions developments, regulatory requirements, legal or compliance advice, product availability, licensing requirements, or Magma DEX's risk-management policies. Changes will become effective in accordance with the amendment provisions contained in these Terms and applicable law.

25.12 Relationship to Terms

Except as expressly modified by this Addendum, these Magma DEX Terms remain in full force and effect.

Restricted Jurisdiction Notice

Magma DEX Services are not available to persons located in, ordinarily resident in, or accessing the Services from Belarus, Cuba, Iran, North Korea, Russia, Syria, Ukraine, the United Kingdom, or the United States of America, including its territories and possessions. Magma DEX Services are also unavailable to sanctioned or otherwise prohibited persons regardless of their geographic location. Attempting to circumvent these restrictions through a VPN, proxy, location-spoofing service, remote connection, or similar technology is prohibited.