Dydx — Terms

Acceptance of Terms

By accessing or using the Dydx platform, including any dydx swap or trading functionality available through dydx.exchange, users agree to be bound by these Terms of Service in their entirety. These terms constitute a legally binding agreement between the user and the operators of this exchange, and they govern all use of the platform's features, smart contracts, and associated services. If a user does not agree with any provision of these terms, they must immediately discontinue use of the service. The platform reserves the right to modify these terms at any time, and continued use following any modification constitutes acceptance of the revised agreement. Users are responsible for regularly reviewing these terms to ensure they remain informed of their obligations and rights.

Eligibility Requirements for Dydx

To use this exchange, users must meet certain eligibility criteria established to comply with applicable laws and to protect the integrity of the platform. Users must be at least 18 years of age or the age of legal majority in their jurisdiction, whichever is higher, and must have the legal capacity to enter into binding contracts. Dydx does not permit use of its services by individuals or entities located in jurisdictions subject to comprehensive sanctions or where the use of decentralized exchanges is explicitly prohibited by local law. By connecting a wallet and accessing the platform, users represent and warrant that they meet all applicable eligibility requirements. The service reserves the right to restrict access based on geographic location or other eligibility factors without prior notice.

Dydx Account and Wallet Terms

This exchange operates as a non-custodial platform, meaning users interact with the service by connecting a self-hosted cryptocurrency wallet rather than creating a traditional account with a username and password. Users are solely responsible for the security of their private keys, seed phrases, and wallet credentials, as the platform has no ability to recover or reset access to a user's wallet. Any dydx swap or trade executed through a connected wallet is the sole responsibility of the wallet owner, and the service cannot reverse or modify completed blockchain transactions. Users must ensure their connected wallet software is genuine, up-to-date, and free from malware before interacting with this platform. The platform disclaims all liability for losses arising from user failure to properly secure their wallet credentials.

Permitted Use of the Dydx Service

Users are granted a limited, non-exclusive, non-transferable license to access and use the Dydx platform for lawful personal or commercial trading purposes in accordance with these terms. This license covers access to the dydx swap interface, perpetual trading features, portfolio management tools, and any other features the service makes available from time to time. Users agree to use the platform only in ways that comply with all applicable local, national, and international laws and regulations, including those related to financial services, anti-money laundering, and sanctions compliance. The license does not extend to reproducing, distributing, or commercially exploiting the platform's proprietary software, user interface, or branding without prior written authorization. Any use of the service that falls outside the scope of this permitted use license is strictly prohibited.

Intellectual Property Rights

All intellectual property associated with Dydx, including its proprietary software, website design, trademarks, logos, and written content, is owned by or licensed to the operators of this exchange and is protected by applicable intellectual property laws. Open-source components of the platform's codebase are subject to their respective open-source licenses, and users are encouraged to review those licenses before contributing to or building upon the platform's public repositories. Users may not use the platform's trademarks, trade names, or branding in any way that suggests endorsement or affiliation without explicit written permission from the service. Any feedback, suggestions, or improvements submitted by users to the platform may be incorporated into the service at the discretion of the development team without compensation or attribution. Unauthorized reproduction or commercial use of proprietary platform elements may result in legal action.

Prohibited Conduct on Dydx

Users of this exchange are strictly prohibited from engaging in any conduct that undermines the integrity, security, or legality of the platform or its community. Prohibited activities include but are not limited to: market manipulation, wash trading, spoofing, or any strategy designed to artificially influence asset prices on the dydx swap or perpetuals markets. Additionally, users must not attempt to reverse-engineer, decompile, or exploit vulnerabilities in the platform's smart contracts or web infrastructure for unauthorized purposes. Using automated bots or scripts in a manner that degrades service performance for other users, or circumventing geographic access restrictions through proxies or VPNs in jurisdictions where the service is prohibited, is also forbidden. Violations of these prohibited conduct rules may result in immediate restriction of access and, where warranted, referral to relevant law enforcement authorities.

Disclaimers and Risk Warnings

Trading cryptocurrencies and executing a dydx swap involves substantial financial risk, and users may lose some or all of the assets they commit to the platform. This exchange is provided on an 'as is' and 'as available' basis without warranties of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose, or non-infringement. The platform does not guarantee uninterrupted access to the service, and technical outages, network congestion, or smart contract limitations may affect the availability of the trading interface at any time. Price information displayed on this service is provided for informational purposes and may not always reflect real-time market conditions across all liquidity sources. Users are strongly advised to conduct their own research, consult qualified financial advisors, and never invest more than they can afford to lose.

Limitation of Liability

To the fullest extent permitted by applicable law, the operators of Dydx and their affiliates, directors, employees, and contractors shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or related to the use of the platform. This limitation applies to losses resulting from unauthorized access to a user's wallet, smart contract exploits, oracle failures, liquidation events, or any other risk inherent in decentralized finance. The total cumulative liability of this exchange to any individual user for direct damages shall not exceed the amount of fees paid by that user to the platform in the thirty days preceding the event giving rise to the claim. Some jurisdictions do not allow the exclusion of certain warranties or limitations on liability, and in such jurisdictions the above limitations apply only to the maximum extent permitted. This limitation of liability is a fundamental element of the agreement between the user and the service.

Indemnification Obligations

By using this platform, users agree to indemnify, defend, and hold harmless the operators of Dydx, along with their officers, directors, employees, agents, and contractors, from and against any claims, damages, losses, liabilities, and expenses arising out of their use of the service. This indemnification obligation covers claims arising from the user's violation of these terms, infringement of any third-party rights, submission of false or misleading information, or engagement in prohibited conduct as described in these terms. The platform reserves the right to assume exclusive control of the defense of any matter subject to indemnification by a user, and in such cases the user agrees to cooperate fully with the defense efforts. Indemnification obligations survive the termination of the user's access to the service. Users acknowledge that this provision is a reasonable allocation of risk given the decentralized nature of the exchange.

Dydx Dispute Resolution

Any disputes arising out of or relating to the use of this exchange or these Terms of Service shall first be addressed through good-faith negotiation between the user and the platform's designated support team. If informal resolution is not achieved within thirty days of written notice, disputes shall be resolved through binding arbitration in accordance with the rules of a recognized arbitration institution, with proceedings conducted in the English language. Users agree to waive their right to participate in class action lawsuits or class-wide arbitrations related to the use of Dydx or any dydx swap transaction executed on the platform. The arbitration award shall be final and binding, and judgment upon the award may be entered in any court of competent jurisdiction. Nothing in this clause prevents either party from seeking emergency injunctive relief from a court of competent jurisdiction where necessary to prevent irreparable harm.

Termination of Access

The operators of this exchange reserve the right to suspend or terminate a user's access to the platform at any time and for any reason, including violation of these terms, suspected fraudulent activity, or compliance with legal obligations. Because this service is non-custodial, termination of access to the web interface does not affect a user's ability to interact directly with the platform's smart contracts through other means, provided such interaction is otherwise lawful. Users may discontinue their use of the platform at any time by simply disconnecting their wallet and ceasing to interact with the service. Upon termination, all licenses granted under these terms are immediately revoked, and the user must cease any unauthorized use of the platform's intellectual property. Provisions of these terms that by their nature should survive termination, including disclaimers, limitations of liability, and indemnification obligations, shall continue in full force and effect.

Changes to Dydx Terms of Service

Dydx reserves the right to modify these Terms of Service at any time to reflect changes in legal requirements, platform functionality, or operational policies. When material changes are made, the platform will provide reasonable notice through announcements on the official website or through governance communication channels accessible to the community. The revised terms will bear an updated effective date, and users who continue to access or use the service after that date are deemed to have accepted the updated terms in full. Users who disagree with revised terms should discontinue use of the platform before the effective date of any changes they find objectionable. The platform encourages users to periodically review the current version of these terms to remain informed of their rights and obligations when using the service.