Jidon1. Operator and nature of the Service
The Service is operated by Jidon Labs LLC, a Delaware limited liability company. Delaware File No. 8462789. EIN 82-0484783. Registered office: Wilmington, Delaware 19801, United States. Contact: legal@jidon.xyz.
Jidon Protocol is software: an interface to a money-market desk on Robinhood Chain for tokenized listings used as Paper against ETH. It is not a broker-dealer, investment adviser, commodity pool operator, national securities exchange, alternative trading system, bank, money transmitter, or insurance company. Nothing on the Service is an offer to sell, or a solicitation to buy, any security, or an invitation to enter an investment-advisory or brokerage relationship.
We do not take custody of your keys. We do not guarantee fills, rates, oracle integrity, or the continued listing of any Paper. Desk numbers, Feeds, Factors, Borrow rates, and Book yields displayed in the interface are protocol or informational figures and, unless we expressly state otherwise, are not a live, regulated quote or a promise of execution.
2. Agreement and additional terms
These Terms include our Privacy Policy, which explains how we process information, and any additional notices we post on the Service. If there is a conflict between these Terms and on-chain contract code, the contract code that actually executes on the network controls the settlement of that transaction. These Terms control your license to use our interface and website.
We may also publish operational notices, risk statements, or listing-specific parameters. Those materials are part of the Service. They do not create a fiduciary duty, a duty to monitor your Position, or an obligation to intervene in the protocol on your behalf.
3. Eligibility and restricted persons
You must be at least 18 years of age and have the legal capacity to enter a contract. If you use the Service on behalf of an entity, you represent that you have authority to bind that entity, and “you” includes the entity.
You are solely responsible for determining whether your use of tokenized equity, ETH, collateralized borrowing, or software interfaces is lawful in your jurisdiction. You may not use the Service if you are located in, incorporated in, or a resident of a jurisdiction where such use is prohibited, or if you are a person with whom transactions are prohibited under U.S. or other applicable sanctions.
You represent that you are not on any sanctions list administered by OFAC or a comparable authority, and that you will not use the Service to evade sanctions, export controls, or anti-money-laundering laws. We may restrict access to the interface without notice if we believe these representations are untrue or if law requires us to do so.
4. The Desk, Paper, and Steps
The Desk presents listings, a Book, and Steps. A Listing is a market for a named Paper, such as NVDA, TSLA, or SPY, as configured in the protocol. Paper means a tokenized stock or ETF listing used as collateral. A Step is a paid action on the staircase: Pledge Paper and Draw ETH, or Post ETH into The Book.
When you Pledge, you lock Paper as collateral according to protocol rules. The listing is labeled as collateral; the prototype interface may not transfer ERC-20s even where the copy describes a Pledge. You must read the live contract behavior, not only the marketing language, before you sign a transaction.
When you Draw, you borrow ETH against Paper at the Borrow rate then in force, subject to Factor, Cover, liquidity, and other parameters. When you Post, you supply ETH to The Book and may earn Book yield sourced from Borrow activity, again subject to protocol rules. The Cut is an ETH fee paid to a Vault on a qualifying first Step.
We do not promise that any Listing will remain open, that The Book will have depth, or that a Step will succeed. If the Book is thin, the interface may refuse a fill. A refused fill is not a breach of these Terms.
5. Wallets, keys, and transactions
You access the Service through a wallet, including an embedded wallet created when you Enter. You are solely responsible for that wallet, including authentication, recovery, device security, and any person you allow to use it. We do not hold, cannot restore, and will never ask for your seed phrase or private key.
Every on-chain action you authorize is a transaction you send to a public network. You are responsible for reviewing calldata, spender approvals, gas, recipient, and parameters before you sign. Transactions may be irreversible. We are not a party to your transaction in the sense of a broker executing as agent, and we are not obligated to cancel, speed up, or replace a stuck transaction.
You bear all costs of gas, failed transactions, MEV, reorgs, sequencer downtime, and incorrect parameters. Protocol fees, including the Cut, are determined by contract configuration, not by a discretionary invoice we send after the fact.
6. Risk disclosure
Digital assets, including ETH and tokenized listings, are volatile. You can lose some or all of the value of Paper, Draw, Posted ETH, or associated tokens. Past figures are not indicative of future rates, liquidity, or solvency of any Book.
Smart contracts may contain bugs, economic design failures, oracle errors, or vulnerabilities. They may be paused, upgraded, exploited, or rendered unusable. Bridges, sequencers, RPC providers, and indexers may fail or censor. Tokenized equity may be frozen, redeemed, delisted, or legally restricted by an issuer or chain operator independently of Jidon.
Collateralized borrowing can be liquidated or otherwise reduced if Cover falls, if oracles move, or if protocol rules so provide. You can lose Paper, ETH, or both. You should not Draw or Post funds you cannot afford to lose.
The Service may display experimental, incomplete, or prototype behavior. Features labeled as a prototype, including notes that Paper is labeled and not transferred, mean the interface may not match a fully deployed production market. You accept that risk when you use this build.
Nothing on the Service is legal, tax, accounting, or investment advice. You should obtain independent professional advice before using the protocol.
7. Prohibited use
You may not use the Service to violate any law, including securities, commodities, sanctions, tax, or computer-crime law. You may not use the Service to launder value, finance illicit activity, or evade reporting or licensing requirements that apply to you.
You may not attack, probe without authorization, overload, or interfere with the website, APIs, smart contracts, or other users’ wallets. You may not exploit an obvious smart-contract bug for gain without reporting it, and you may not introduce malware or automated scraping that degrades the Service.
You may not misrepresent an affiliation with Jidon Labs LLC, clone the interface to phish keys, or use our marks in a way that suggests we sponsor, execute, or guarantee your transactions. You may not use the Service if you are a competitor accessing it solely to copy non-public implementation details, except to the extent applicable law permits reverse engineering of interfaces you lawfully use.
8. Intellectual property and license
The Jidon name, wordmark, mosaic, cube mark, site copy, and software in the interface are owned by Jidon Labs LLC or its licensors. Except for the limited license below, no rights are granted by implication or estoppel.
We grant you a limited, revocable, non-exclusive, non-transferable, non-sublicensable license to access and use the public interface for lawful personal or internal use of the protocol, in accordance with these Terms. You may not copy, modify, distribute, sell, or create derivative works of the interface except as permitted by mandatory law or a separate written license.
Public blockchain state is not our copyrighted database merely because we display it. Our original arrangement, copy, and design of the Threshold and Desk remain ours. Feedback you send may be used by us without obligation to you.
9. Third-party services
The Service depends on third parties, including wallet and authentication providers, RPC endpoints, the underlying chain, token issuers, and possibly oracles. Those parties have their own terms. We are not responsible for their acts, omissions, fees, downtime, or policy changes.
Links to third-party sites are provided for convenience. They are not endorsements. Your use of a third-party service is solely between you and that party.
10. Modifications, suspension, and termination
We may modify, suspend, or discontinue all or part of the interface at any time, with or without notice, including particular Listings or features. We may restrict geographic or IP access, rate-limit requests, or refuse to serve the frontend.
On-chain contracts, once deployed, may continue to function without our website. Discontinuing the interface does not necessarily unwind Positions. You are responsible for interacting with contracts through other tools if the website is unavailable.
We may terminate or suspend your license to use the interface immediately if you breach these Terms, if law requires it, or if continued access would present a legal or security risk. Provisions that by their nature should survive, including disclaimers, limitations of liability, indemnity, and governing law, will survive termination.
11. Disclaimers
THE SERVICE IS PROVIDED “AS IS” AND “AS AVAILABLE.” TO THE MAXIMUM EXTENT PERMITTED BY LAW, JIDON LABS LLC DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, QUIET ENJOYMENT, AND NON-INFRINGEMENT.
WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, SECURE, ERROR-FREE, OR FREE OF HARMFUL COMPONENTS; THAT DEFECTS WILL BE CORRECTED; THAT FEEDS, FACTORS, RATES, OR BALANCES ARE ACCURATE, COMPLETE, OR CURRENT; OR THAT ANY STEP WILL SETTLE AS YOU INTEND.
YOU ACKNOWLEDGE THAT YOU USE BLOCKCHAIN SOFTWARE, WALLETS, AND TOKENIZED ASSETS AT YOUR OWN RISK AND THAT YOU HAVE NOT RELIED ON ANY STATEMENT BY US EXCEPT AS EXPRESSLY SET OUT IN THESE TERMS.
12. Limitation of liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, JIDON LABS LLC AND ITS MEMBERS, OFFICERS, EMPLOYEES, CONTRACTORS, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR DIGITAL ASSETS, ARISING OUT OF OR RELATED TO THE SERVICE, THESE TERMS, OR YOUR ON-CHAIN ACTIVITY, WHETHER BASED IN CONTRACT, TORT, STRICT LIABILITY, OR ANY OTHER THEORY, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
WITHOUT LIMITING THE FOREGOING, WE ARE NOT LIABLE FOR SMART-CONTRACT FAILURE, ORACLE ERROR, THIN BOOKS, LIQUIDATION, KEY LOSS, PHISHING, RPC FAILURE, CHAIN HALTS, ISSUER ACTIONS ON TOKENIZED EQUITY, OR YOUR FAILURE TO UNDERSTAND PROTOCOL PARAMETERS.
OUR AGGREGATE LIABILITY FOR ALL CLAIMS ARISING OUT OF THE SERVICE OR THESE TERMS SHALL NOT EXCEED ONE HUNDRED U.S. DOLLARS (US$100) OR THE AMOUNT YOU PAID TO US IN FEES FOR THE INTERFACE (EXCLUDING PROTOCOL CUTS PAID ON-CHAIN TO A VAULT), WHICHEVER IS GREATER. SOME JURISDICTIONS DO NOT ALLOW CERTAIN LIMITATIONS; IN THOSE JURISDICTIONS OUR LIABILITY IS LIMITED TO THE MAXIMUM EXTENT PERMITTED.
13. Indemnity
You will defend, indemnify, and hold harmless Jidon Labs LLC and its members, officers, employees, and contractors from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to: (a) your use of the Service; (b) your on-chain transactions, Positions, or wallet; (c) your violation of these Terms or of law; (d) your infringement of a third party’s rights; or (e) any dispute between you and another user or a token issuer.
We may assume exclusive defense of any matter subject to indemnification. You will cooperate. You will not settle a claim that imposes an obligation on us without our prior written consent.
14. Governing law and disputes
These Terms are governed by the laws of the State of Delaware, without regard to conflict-of-law rules that would apply another law. Subject to any non-waivable consumer right, the exclusive venue for disputes is the state or federal courts located in Delaware, and you consent to personal jurisdiction there.
You and Jidon waive any right to a jury trial and any right to participate in a class, collective, or representative action to the extent such waiver is permitted. If a waiver is found unenforceable for a particular claim, that claim may proceed individually and all other claims remain subject to these Terms.
If a court finds a provision unenforceable, the remaining provisions continue in effect. Our failure to enforce a provision is not a waiver. You may not assign these Terms without our consent. We may assign them in connection with a reorganization or sale of assets.
15. Changes to these Terms
We may amend these Terms by posting an updated version on this page. The “Last updated” date will change when we do. Except where law requires additional notice or consent, the amended Terms take effect upon posting.
If you do not agree to an amendment, you must stop using the Service. Continued use after the effective date constitutes acceptance of the amended Terms where permitted by law.
16. Contact and entire agreement
Questions about these Terms: legal@jidon.xyz. Jidon Labs LLC, Wilmington, Delaware 19801, United States.
These Terms, the Privacy Policy, and any notices expressly incorporated are the entire agreement between you and Jidon Labs LLC regarding the interface, and they supersede prior discussions about the Service. Headings are for convenience only. The English version controls.
Nothing in these Terms creates a partnership, joint venture, employment, or agency relationship. Protocol participants are counterparties to contracts on a public chain, not clients of a dealer desk operated as a licensed intermediary.