Staking Terms and Conditions
Date Last Revised: 11 September 2024 (โRelevant Dateโ)
1. General These Staking Terms and Conditions (โTermsโ) are entered into between you (โUserโ, โyouโ, โyourโ) and Zeta Protocol Platform Corp (โZetaโ, โweโ, โusโ, โourโ), which is a company incorporated under the laws of The Republic of Panama. The User and Zeta are hereinafter separately referred to as โPartyโ and collectively as โPartiesโ.
These Terms apply to your staking activities within the Zeta Protocol, including your interaction with the underlying protocols and smart contracts that facilitate staking, as defined below. By accessing and/or using the staking features available via the Zeta website located at https://dex.zeta.markets/ (โInterfaceโ or โWebsiteโ), utilizing the tools related to staking provided through the Interface, and interacting with the Protocols (as defined below) related to staking, User agrees that: (i) User has read and understood these Terms, specifically covering staking activities; and (ii) User shall be bound by these Terms, which set forth the legally binding terms and conditions governing Userโs staking activities within Zeta.
We reserve the right to modify or amend these Terms at our sole discretion from time to time. The โDate Last Revisedโ specified on these Terms indicates the date on which the Terms were last modified. Please review these Terms periodically to ensure you are aware of and in compliance with the most current version. Any revision to the Terms shall take effect immediately upon such revised Terms being made accessible via the Interface. Such revised Terms shall be binding on the User, and by continuing to access and/or use the staking features of the Interface, the User shall be deemed to agree to and accept the revised Terms. These Terms are intended to work in conjunction with other applicable terms and policies that may govern your use of the Zeta Interface or Protocols as a whole.
Section titles in these Terms are for convenience only and have no legal or contractual effect. The term โincludingโ means โincluding without limitationโ.
2. Access and use of Staking
2.1. In order to access and/or use the Interface and its associated functions including access and/or use of the Protocols via the Interface, User will first be required to connect a Supported Wallet (as defined herein) via the Interface that is compatible with the Protocols.
2.2. User agrees and acknowledges that Zeta does not have access to, and cannot withdraw or transfer, any of Userโs Supported Digital Assets that User may elect to deploy in connection with Staking, and that Zeta has not rendered any advice and/or made any recommendation in respect of Userโs participate in Staking.
2.3. The Staking of $ZEX through the Interface and/or the Protocols, including accrual of any staking rewards (the โRewardsโ) will be dealt with in accordance with, and governed by, these Terms. User acknowledges and agrees that nothing in these Terms or in any portal created for the purposes of Staking (the โStaking Portalโ) imposes any obligation on us to provide any Rewards or continue the operation of any relevant Staking Portal or to continue to make Staking available or constitutes an offer or invitation to subscribe for any tokens, securities or financial products. User acknowledges they are solely responsible for establishing, providing or procuring, maintaining and supporting any operating environment, software and hardware, digital wallets (including, hardware wallets), facilities, equipment and telecommunications and internet connections necessary to use the Staking Portal and to Stake. Staking is not available, and Rewards are not available to be accrued or redeemed or exchanged in any jurisdiction where it would contravene applicable law, or would require Zeta to comply with any regulatory requirements in that jurisdiction, specific to activities same as or similar to Staking and dealing in crypto currencies. User must maintain best industry practices in respect of security of the user's wallet and associated private keys utilised in Staking. User must ensure that they comply, at all times, with all applicable laws in using the Staking Portal.
2.4. User must not:
2.4.1. use the Staking Portal for any purpose other than Staking; 2.4.2. introduce any malware, trojans, viruses, corruption or other malicious code to, or otherwise interfere with the operation of, the Staking Portal; 2.4.3. reverse disassemble, decompile or reverse engineer, or directly or indirectly allow or cause a third party to disassemble, decompile or reverse engineer the whole or any part of the Staking Portal, and its source code or otherwise attempt or allow any other party to attempt to obtain the algorithms by which the Staking Portal performs its functions; 2.4.4. copy, modify or adapt the source code of the Staking Portal;
2.4.5. use the Staking Portal in breach of any applicable laws or in connection with any fraudulent activity; or
2.4.6. take any action to compromise the integrity or security of the Staking Portal.
3. General
3.1. Entire Terms These Terms (read together with our Privacy Policy) constitute the entire agreement between User and Zeta regarding Userโs access and/use of Interface.
3.2. Severability If any provisions of these Terms are found by any court or tribunal of competent jurisdiction to be invalid, void, unlawful or unenforceable under any applicable law, such unenforceability or invalidity shall not render these Terms unenforceable or invalid as a whole, and such provisions shall be deleted without affecting the remaining provisions herein.
3.3. Relationship of Parties Nothing contained in these Terms will be deemed to be construed as creating a partnership or an agency relationship or joint venture between User, Zeta and/or any of our Affiliates.
3.4. Assignment These Terms, and Userโs rights thereunder, may not be assigned, Zetaโs prior written consent, and any attempted assignment, subcontract, delegation, or transfer in violation of the foregoing will be null and void. Zeta may freely assign these Terms and our respective rights thereunder.
3.5. Waiver A waiver by Zeta of any right or remedy under these Terms shall only be effective if it is in writing, executed by a duly authorized representative of Zeta and shall apply only to the circumstances for which it is given. Failure of Zeta to exercise or enforce any right or remedy under these Terms shall not operate as a waiver of such right or remedy, nor shall it prevent any future exercise or enforcement of such right or remedy, and no single or partial exercise of any right or remedy shall preclude or restrict the further exercise of any such right or remedy or other rights or remedies.
3.6. No Third-Party Rights Save for Zetaโs Affiliates who shall have the rights and benefits to the extent accorded thereto under these Terms, any person who is not a Party shall have no right under the Contracts (Rights of Third Parties) Act (Chapter 53B) of Singapore to enforce any of these Terms.
3.7. Governing Law and Jurisdiction The agreement as shall be constituted by Userโs acceptance of these Terms, and any dispute or claim arising out of or in connection with the subject matter or formation (including non-contractual disputes or claims) of such agreement, shall be governed by and construed in accordance with the law of Singapore.
The Parties agree that any dispute or claim arising out of or in connection with the subject matter or formation (including non-contractual disputes or claims) of these Terms shall be by arbitration, and judgment upon the award may be entered by any court having jurisdiction thereof or having jurisdiction over the relevant Party or its assets. The arbitration shall be conducted under the rules of the Singapore International Arbitration Centre (โSIACโ). The arbitral tribunal shall consist of a sole arbitrator to be appointed by the President of the SIAC. The seat of the arbitration shall be Singapore. The language of the arbitration shall be English. The arbitration agreement shall be governed by Singapore law.
ANNEX
DEFINITIONS
1.In these Terms, the following words and expressions shall, where not inconsistent with the context, have the following meanings respectively:
โProtocolsโ refer to the underlying protocols comprising the Zeta User Logic Contract, a Serum-based order book matching infrastructure, and any other smart contract, logic, or code that facilitates the Userโs activities and related interactions, including options and futures trading and staking.
โStakingโ refers to the User's staking of $ZEX through the Interface and/or interaction with the Protocols or participating in the functionality provided by the Zeta Platform in relation to staking.
โSupported Digital Assetsโ refer to the digital assets supported by the Protocols and shall be as specified via the Interface;
2. In these Terms, a reference to:
a) Zeta includes a reference to its duly authorised agents and/or delegates;
b) a โpersonโ includes a reference to any individual, body corporate, unincorporated association or partnership;
c) an agreement or other document is a reference to that agreement or document as from time to time supplemented or amended;
d) the masculine gender includes the feminine and neuter genders and vice versa;
e) the singular includes the plural and vice versa; and
f) any law or regulation is a reference to that law or regulation as amended from time to time and, where the same has been repealed, to any re-enactment or replacement of the same.
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