THE RULES

draft 0.1 · plain language · last edit date filled in before mainnet

⚠ NO LAWYER HAS READ THIS. The project author wrote these rules. A qualified lawyer has to approve or replace the text before anything goes public. Two parts are still open: which law applies, and where disputes get settled. Both depend on where the project operates.

± LIQUA runs on a testnet. The contracts pass their tests and have never been audited. The exchange has not opened. The relayer is one machine, and it can go dark. Every token here is a test token with no value, and nothing is for sale. Treat what you do here as practice that can vanish. Using LIQUA means you accept that.

1 · Using it means agreeing

Opening or using any part of LIQUA means you agree to these rules. That covers this site, the relayer API, the contracts at the addresses in shared/deployment.json, and the software around them. If you do not agree, do not use it.

2 · What the exchange is

A hybrid order-book DEX. Orders are signed off-chain and settled on-chain by smart contracts, so nobody takes custody of your tokens. A relayer lists orders to make the book easy to browse. It cannot move anything of yours. Only a transaction signed and sent by you, or by someone taking your order, moves tokens. The exchange has not opened, and it does not run on the Liqua chain yet.

Opening waits on work that has not shipped. Settlement has to move onto the Liqua chain and read through the RPC. Bridge deposits have to arrive as tradeable assets. An outside audit and a bug bounty come before mainnet. No date is set.

This website is a window onto the contracts. Most of it runs inside your browser. Settlement happens on-chain.

3 · Experimental, all the way down

LIQUA comes "as is" and "as available". It may hide bugs, security holes or design mistakes that could wipe out whatever you put in, for good. Once a contract is deployed, nobody on the project can pause it or roll it back. You take that risk yourself.

What runs today is a testnet. Test tokens carry no value, no peg and no listing. Use it to learn and to build.

4 · No advice, no offer

Nothing on this site, in the docs, or in anything the project posts is financial or trading advice. Nothing here is a recommendation from LIQUA, its contributors or anyone connected to them. No page offers to sell you tokens, and no page promises you will get anything back. Judging a decision is your job, every time.

5 · No guarantees

As far as the law allows, LIQUA and its contributors make no promises, stated or implied. Not that it works. Not that it suits your purpose. Not that it steers clear of anyone's rights. You use it with every risk resting on you.

LIQUA, its contributors, partners, agents and licensors are never liable for indirect, incidental, special, consequential or punitive losses that come from using it. That covers missed gains and lost data. It holds even if someone warned that it could happen.

6 · Your wallet, your job

LIQUA never holds your private keys, your recovery phrase or your tokens. Everything is signed by a wallet you control, such as MetaMask or a hardware wallet. Nobody on the project can recover, reset, freeze or seize anything inside it.

Lose your recovery phrase, sign something malicious, or send to the wrong address, and it is gone. No one can undo it.

7 · Where the design bends

Two trade-offs sit in the design, and neither is hidden.

One relayer hosts the book. It can hide or skip orders. It cannot touch your tokens.
A mirror keeper key can live on the host machine. The relayer may run a wallet that signs orders, holding its own tokens and permits. If you host, guard that key like cash.

8 · Play fair

Do not:

Use LIQUA to break any law that applies to you, sanctions and anti-money-laundering rules included.
Attack, exploit or jam the contracts or the relayer.
Post anything in the lobby chat that is illegal, harassing or threatening.
Try to get into anyone else's wallet, session or data.

Reporting a vulnerability responsibly is welcome, through a bug bounty once one exists. Nothing on this page stands in the way of that.

9 · What can change

The off-chain parts can be changed, paused or switched off at any moment, without warning. That means this site and the relayer. Deployed contracts cannot be edited by anyone. A newer build would live at new addresses, and you choose whether to use it.

10 · These rules can change too

The rules may get updated. The date line at the top shows the latest edit. Keep using LIQUA after an update and you agree to the new version. Big changes get announced on the project's official channels.

11 · Which law applies

[Still open. A lawyer fills this in: the governing law of [JURISDICTION], with disputes settled by [ARBITRATION FORUM] in [VENUE]. This has to be finished before any public launch.]

12 · Reaching the project

Project channels, a security contact and an abuse contact are announced before mainnet. Until then there is no support desk.