Terms of Use
Effective Date: [ Mar 11th, 2025 ]
These Terms of Use ("Terms") govern your access to and use of Mighty Finance, a decentralized, non-custodial platform enabling users to engage in leveraged yield farming, liquidity provision, and lending through blockchain-enabled smart contracts (the "Protocol").
By accessing or using the Mighty Finance platform, website, or any related services (collectively, the “Services”), you confirm that you have read, understood, and agreed to comply with these Terms. If you do not agree to these Terms, you must immediately discontinue your use of the Services.
1. Agreement to Terms and Arbitration Notice
Binding Agreement: By using the Services, you enter into a legally binding agreement with Mighty Finance, which includes:
These Terms of Use.
Any additional policies, updates, or guidelines incorporated by reference.
Arbitration & Waiver of Class Actions:
Any disputes related to these Terms will be resolved through mandatory binding arbitration.
You waive your right to participate in class-action lawsuits or class-wide arbitrations.
If you do not agree to arbitration, you must cease using the Services immediately.
2. Eligibility & Compliance
Eligibility:
You must be of legal age in your jurisdiction to access and use the Services.
By using Mighty Finance, you confirm that you meet the eligibility criteria.
Regulatory Compliance & Prohibited Jurisdictions:
The Services are not available to users located in, established in, or citizens/residents of:
United States of America (including U.S. territories).
China, North Korea, Iran, Syria, Cuba, and other OFAC-sanctioned jurisdictions.
Any jurisdiction where the use of Mighty Finance is restricted by law.
If you are subject to sanctions or listed on any prohibited persons list, you must not use the Services.
We reserve the right to restrict access to users who violate compliance regulations.
3. Changes to the Platform and Terms
Mighty Finance may modify, suspend, or discontinue any feature, function, or part of the Services at any time without prior notice.
We may update these Terms periodically, and the latest version will be effective upon posting.
Continued use of the Services after an update constitutes acceptance of the revised Terms.
4. Non-Custodial & Decentralized Nature
Mighty Finance is a non-custodial platform and does not hold, store, or control any user assets.
Users retain full custody of their crypto assets and bear responsibility for all transactions.
We do not control, manage, or have access to any private keys, smart contracts, or funds associated with user accounts.
All blockchain transactions are final, immutable, and irreversible.
5. Risks & Assumption of Liability
By using the Services, you acknowledge and accept all associated risks, including but not limited to:
5.1 Smart Contract & Blockchain Risks
Blockchain-based smart contracts are permanent and cannot be reversed.
Bugs, forks, cyberattacks, and technical malfunctions may result in the loss of funds.
5.2 Leveraged Position Risks
Leveraged yield farming amplifies potential profits but also increases liquidation risk.
If collateral falls below the required threshold, your position may be automatically liquidated.
5.3 Impermanent Loss (IL)
Liquidity providers face impermanent loss, which can become permanent depending on price volatility.
5.4 Gas Fees & Network Costs
Users are responsible for all gas fees and transaction costs, which are non-refundable.
5.5 No Guarantees of Profit
Mighty Finance does not guarantee any profit or return on investment.
Users are solely responsible for their financial decisions and risk exposure.
6. Third-Party Protocols & External Links
Mighty Finance may integrate with third-party protocols for lending, borrowing, staking, and liquidity management.
We do not control, endorse, or guarantee the security, accuracy, or reliability of third-party services.
Users are responsible for assessing risks before engaging with any third-party integrations.
7. Security & Privacy
Users are responsible for securing their wallets, private keys, and access credentials.
Mighty Finance is not liable for unauthorized access, hacks, or loss of funds due to poor security practices.
Transactions on the blockchain are public, and anonymity is not guaranteed.
8. Limitation of Liability
Mighty Finance is provided “as is” and “as available”, with no warranties regarding:
The security, functionality, or uninterrupted availability of the Services.
The reliability of smart contracts, blockchain transactions, or third-party integrations.
The accuracy or validity of any market data, price feeds, or protocol updates.
To the maximum extent permitted by law, Mighty Finance is not liable for:
Direct, indirect, incidental, or consequential damages (including lost profits or data).
Losses due to liquidation, impermanent loss, market volatility, or cyberattacks.
Changes in regulatory policies that affect DeFi operations.
9. Indemnification
By using the Services, you agree to indemnify and hold harmless Mighty Finance and its affiliates from any claims, losses, or legal actions arising from:
Your use of the Services.
Violations of these Terms.
Improper use of smart contracts or third-party protocols.
10. Termination of Access
We reserve the right to suspend or terminate your access to Mighty Finance without notice if:
You violate these Terms.
You engage in fraudulent, illegal, or non-compliant activities.
Your actions pose a risk to the security or stability of the platform.
11. Governing Law & Arbitration
These Terms are governed by and construed under the laws of the British Virgin Islands.
Any disputes must be resolved through binding arbitration, in accordance with the International Centre for Dispute Resolution rules.
The arbitration shall take place in English, and the prevailing party shall be entitled to recover reasonable legal fees.
12. Contact Information
Last updated