Terms of Service
Please review the following rules and restrictions governing your use of our products, services, and applications, including, but not limited to, the web interface available at https://fiammalabs.io (the “Interface”), which is operated by FiammaLabs Ltd. (“Fiamma,” “we,” “our,” or “us”). The Interface is building the universal Bitcoin + stablecoin superapp and infra—powered by the most trustless tech stack including BitVM2. One-click access to earn, borrow, and pay with BTC and stablecoins—for everyone.These Terms of Service (the “TOS”) set forth the conditions that govern your access to and use of the Interface and any related ancillary services (collectively, the “Services”) provided by us. Please note that the Services are experimental in nature, and using them involves significant risks to you and your Virtual Assets (including, without limitation, cryptocurrency, digital currency, digital assets, crypto assets, or similar terms referring to, for example, $FIABTC received through the Fiamma Bridge and other tokens received via airdrops, collectively referred to as “Virtual Assets”). You must carefully review these Terms before using the Services. By accessing or using the Interface, you acknowledge that you have read, understood, and agree to be bound by these Terms in their entirety. If you do not understand or accept these Terms, you are not authorized to access or use the Interface. Any use of the Services constitutes your agreement to these Terms, which will remain in effect for as long as you continue to use the Interface.These Terms of Service, as may be amended from time to time, set forth the conditions under which Fiamma will provide you with the Services (as defined below). Please read them carefully before using the Services. By accessing or using the Services, you expressly and irrevocably acknowledge that you have read, understood, and accepted all provisions contained herein, including the risk disclosures described below.
In addition to the definitions provided elsewhere in these Terms of Service, any capitalized terms used herein shall have the meanings set forth below, regardless of whether they appear in singular or plural form.
Blockchain: Refers to a transparent and secure technology for storing and transmitting information without a central authority. Although not legally defined, it functions as a distributed database that records the entire history of transactions between its users since inception. Because it is shared among participants without intermediaries, anyone can independently verify the validity of the chain. Blockchains can be public—open to all—or private, where access and usage are restricted to specific participants. A public blockchain can be viewed as an anonymous, tamper‑resistant public ledger. For additional information, please visit: https://en.wikipedia.org/wiki/Blockchain
Crypto Asset: As defined under Article 3 of the EU Regulation on Markets in Crypto‑Assets (MiCA), this term refers to a digital representation of value or rights that can be transferred and stored electronically through distributed ledger technology or similar technologies, such as ETH, Bitcoin, and comparable assets.
Wallet: Means a digital storage tool that enables Users to access their crypto‑assets and to store, send, and receive such assets. When using the Services, Fiamma does not control Users’ Wallets and bears no responsibility for their operation, as Users independently own, configure, and manage their own Wallets. Examples of third‑party wallet providers include Unisat, OKX Wallet, MetaMask, WalletConnect, Coinbase Wallet, and Trust Wallet.
Fiamma Bridge: Powered by BitVM2 protocol. It enables universal cross‑chain interoperability, allowing native Bitcoin liquidity to be safely unlocked and utilized across multiple blockchain ecosystems.
Fiamma One:
FIABTC: 1:1 pegged wrapped BTC, which is minted by a trust-minimized BTC bridge Powered by BitVM2 protocol. It enables universal cross‑chain interoperability, allowing native Bitcoin liquidity to be safely unlocked and utilized across multiple blockchain ecosystems. By verifying zero‑knowledge proofs on Bitcoin via the BitVM2 protocol to minimize trust assumptions, Fiamma BTC provides a secure and scalable pathway for integrating Bitcoin into DeFi applications.
Defi: Means decentralized finance—Blockchain‑based financial services that operate in a highly automated manner with minimal or no intermediaries.
App: Means a front‑end application for accessing various Protocols, hosted by the FiammaLabs Ltd., including but not limited to Fiamma One.
APY: Annual Percentage Yield.
APR: Annual Percentage Rate.
Blockchain Risk
Standard Risks: Blockchain technologies expose institutions to risks comparable to those present in traditional business processes, while also introducing new considerations that must be addressed by entities adopting these technologies.
Value Transfer Risks: Blockchain facilitates peer‑to‑peer transfers of value without the involvement of a central intermediary. Such value may include assets, identities, or information. This model introduces new risks for the parties involved—risks that, in traditional systems, would typically be mitigated by central intermediaries.
Smart Contract Risks: Smart contracts can encode complex business, financial, and legal arrangements directly on the blockchain. This may introduce risks associated with translating such arrangements from a physical framework into a digital one, particularly where one‑to‑one mappings may fail to capture real‑world nuances.
Cybersecurity Risk. You acknowledge and understand that we are not responsible for any hacks, unauthorized access attempts, or malicious activities targeting your Wallet, nor for any loss or destruction of your security credentials or authentication methods. You are solely responsible for safeguarding your password and may be held accountable for all transactions conducted using your password, regardless of whether you authorized them. Transactions involving Virtual Assets may be irreversible, and losses resulting from fraudulent or unauthorized transactions may not be recoverable. You bear full responsibility for protecting your security information.Regulatory Environment Risk. The legal and regulatory framework applicable to Virtual Assets and our Services is continually evolving. We cannot guarantee that our Services will be available at all times or that they will not experience unexpected outages or network congestion. We may rely on legal counsel regarding the application of existing or emerging regulatory requirements to our operations, and such advice may necessitate sudden changes to our Services that could affect your ability to use them. As a result, you may be unable to buy, sell, store, transfer, send, or receive Virtual Assets at your preferred times.Personal Risk. You are solely responsible for all activities and transactions related to your use of our Services and your Wallet. You acknowledge and accept all risks and potential consequences arising from your use of the Services and from any authorized or unauthorized access to your Wallet, to the fullest extent permitted by law.Liquidity Risk. Virtual Assets may have limited liquidity, which can make it difficult or impossible for you to bridge, sell, or exit a position at your desired time. Such circumstances may arise at any time, including during periods of significant price volatility.
You must be 18 years of age or older and not be a Prohibited Person to use the Services. A “Prohibited Person” is any person or entity that is (a) the subject of any economic or trade sanctions administered or enforced by any governmental authority, including any person designated on any list of prohibited or restricted parties by any governmental authority, such as the European Union (“EU”) Consolidated List of Persons, the United Kingdom (“UK”) Consolidated List of Financial Sanctions Targets, the United States (“U.S.”) Treasury Department’s list of Specially Designated Nationals, and the U.S. Department of Commerce Denied Persons or Entity Lists; (b) located in, incorporated in, or otherwise organized or established in, or resident of, any country, territory, or jurisdiction that is the subject of comprehensive country-wide or regional economic sanctions or embargoes or has been designated as “terrorist supporting” by the United Nations (“UN”) or any governmental authority of the European Union, UK, or the U.S., including the Office of Foreign Assets Control (“OFAC”) of the U.S. Treasury Department or the Office of Financial Sanctions (“OFSI”) of HM Treasury of the UK (each such country, territory, or jurisdiction, a “Sanctioned Jurisdiction”); (c) owned or controlled by such persons or entities described in (a)-(b); or (d) accessing or using the Services on behalf of persons or entities described in (a)-(c). You acknowledge and agree that you are solely responsible for complying with all applicable laws of the jurisdiction you are a resident of, or located or accessing the Services from, in connection with your use of the Services. By using the Services, you represent and warrant that you meet these requirements and will not be using the Services for any illegal activity or to engage in the prohibited activities in Section 6.
License to Use Services Subject to your ongoing compliance with these TOS, we grant you a personal, worldwide, revocable, non‑exclusive, and non‑assignable license to use the software provided as part of our Services. This license is solely for the purpose of enabling you to use and enjoy the Services as permitted by these Terms.Owership of AssetsRegardless of how you authenticate or access your Wallet, we will never have access to the Virtual Assets held within it. We do not store your private keys or any similar means of accessing your Wallet and will never request such information from you. We are unable to initiate any transfer of Virtual Assets on your behalf.Ownership of Services We retain all rights, title, and interest in and to the Services, including, without limitation, all copyrights in content, code, data, or other materials that you may access or use through the Services. The core code for the service is audited or open‑sourced under their respective licenses. Except as expressly stated herein, your use of or access to the Services does not grant you any ownership or proprietary rights.
You shall not do any of the following in connection with your use of the Services, unless applicable laws or regulations prohibit these restrictions or you have our written permission to do so:(a) download, modify, copy, distribute, transmit, display, perform, reproduce, duplicate, publish, license, create derivative works from, or offer for sale any information contained on, or obtained from or through, the Services, except for temporary files that are automatically cached by your web browser for display purposes, or as otherwise expressly permitted in these Terms;(b) use, reproduce or remove any copyright, trademark, service mark, trade name, slogan, logo, image, or other proprietary notation displayed on or through the Services;(c) use automation software (bots), hacks, modifications (mods) or any other unauthorized third-party software designed to access, use, or modify the Services;(d) access or use the Services in any manner that could disable, overburden, damage, disrupt or impair the Services or interfere with any other party’s access to or use of the Services or use any device, software or routine that causes the same;(e) attempt to gain unauthorized access to, interfere with, damage or disrupt the Services, Accounts registered to other users, or the computer systems or networks connected to the Services;(f) circumvent, remove, alter, deactivate, degrade or thwart any technological measure or content protections of the Services or any of the computer systems, wallets, accounts, protocols or networks connected to the Services;(g) use any robot, spider, crawlers or other automatic device, process, software or queries that intercepts, “mines,” scrapes or otherwise accesses the Services to monitor, extract, copy or collect information or data from or through the Services, or engage in any manual process to do the same;(h) introduce any viruses, trojan horses, worms, logic bombs or other materials that are malicious or technologically harmful into our systems;(i) submit, transmit, display, perform, post or store any content that is inaccurate, unlawful, or otherwise objectionable;(j) impersonate any other person or entity using the Services, including by falsely stating, implying or otherwise misrepresenting your affiliation with any person or entity;(k) violate any applicable law or regulation in connection with your access to or use of the Services; or(l) access or use the Services in any way not expressly permitted by these Terms.
All information and capital flows within our Services are governed entirely by the bitcoin scripts or Smart Contract. Any public information provided through the Services is for reference purposes only and should not be interpreted as professional advice. You should not act or refrain from acting based on any information contained on the Interface. Prior to making any investment, financial, legal, tax, accounting, or other decisions involving the Interface, you should seek guidance from a licensed and qualified professional in the relevant field. You acknowledge and understand that we do not guarantee any specific returns or proceeds from investments made through our Services.
(a) Your access to and use of the Services (including, for clarity, the Documentation) and the Protocol is entirely at your own risk. You understand and agree that the Services are provided to you on an “AS IS” and “AS AVAILABLE” basis. Without limiting the foregoing, to the maximum extent permitted under applicable law, the Organization, its parents, subsidiaries, affiliates, related companies, service providers, and its and their officers, directors, employees, consultants, advisors, agents, representatives, partners, and licensors (the “Organization Persons”) DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING WITHOUT LIMITATION ANY WARRANTIES RELATING TO TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, USAGE, QUALITY, PERFORMANCE, SUITABILITY OR FITNESS OF THE SERVICES AND THE PROTOCOL FOR ANY PARTICULAR PURPOSE, OR AS TO THE ACCURACY, QUALITY, SEQUENCE, RELIABILITY, WORKMANSHIP OR TECHNICAL CODING THEREOF, OR THE ABSENCE OF ANY DEFECTS THEREIN WHETHER LATENT OR PATENT. The Organization Persons make no warranty or representation and disclaim all responsibility and liability for: (a) the completeness, accuracy, availability, timeliness, security or reliability of the Services (including the Documentation) and the Protocol; (b) any harm to your computer system, loss of data, or other harm that results from your access to or use of the Services or the Protocol; (c) the operation or compatibility with any other application or any particular system or device; (d) whether the Services or the Protocol will meet your requirements or be available on an uninterrupted, secure or error-free basis; (e) whether the Services or the Protocol will protect your assets from theft, hacking, cyber attack, or other form of loss caused by third-party conduct; and (f) the deletion of, or the failure to store or transmit, Your Content and other communications maintained by the Services. Nothing contained in the Services constitutes, or is meant to constitute, financial, legal, or other professional advice of any kind. If you require advice in relation to any financial, legal, or other professional matter you should consult an appropriate professional. No advice or information, whether oral or written, obtained from the Organization Persons or through the Services, will create any warranty or representation not expressly made herein.(c) THE LAWS OF CERTAIN JURISDICTIONS, INCLUDING THE BRITISH VIRGIN ISLANDS, DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES AS SET FORTH IN SECTION 9 BELOW. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS, EXCLUSIONS, OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS.(d) THE ORGANIZATION PERSONS TAKE NO RESPONSIBILITY AND ASSUME NO LIABILITY FOR ANY CONTENT THAT YOU, ANOTHER USER, OR A THIRD PARTY CREATES, UPLOADS, POSTS, SENDS, RECEIVES, OR STORES ON OR THROUGH OUR SERVICES OR THE PROTOCOL.(e) YOU UNDERSTAND AND AGREE THAT THROUGH YOUR USE OF THE SERVICES OR THE PROTOCOLYOU MAY BE EXPOSED TO CONTENT THAT MIGHT BE OFFENSIVE, ILLEGAL, MISLEADING, OR OTHERWISE INAPPROPRIATE, AND AGREE THAT THE ORGANIZATION SHALL HAVE NO LIABILITY IN CONNECTION WITH SUCH CONTENT.
TO THE EXTENT NOT PROHIBITED BY LAW, YOU AGREE THAT (i) IN NO EVENT WILL THE ORGANIZATION PERSONS BE LIABLE (A) FOR DAMAGES OF ANY KIND, INCLUDING INDIRECT SPECIAL, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, LOSS OF USE, DATA OR PROFITS, BUSINESS INTERRUPTION OR ANY OTHER DAMAGES OR LOSSES, ARISING OUT OF OR RELATED TO YOUR USE OR INABILITY TO USE THE SERVICES), HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, WHETHER UNDER THESE TERMS OR OTHERWISE ARISING IN ANY WAY IN CONNECTION WITH THE SERVICES OR THESE TERMS AND WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE), EVEN IF THE ORGANIZATION PERSONS HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE, OR (B) FOR ANY OTHER CLAIM, DEMAND, OR DAMAGES WHATSOEVER RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR THE DELIVERY, USE, OR PERFORMANCE OF THE SERVICES; AND (ii) IN THE EVENT THAT ORGANIZATION IS FOUND TO HAVE ANY LIABILITY TO YOU NOTWITHSTANDING THE FOREGOING, SUCH LIABILITY SHALL NOT EXCEED THE GREATER OF (1) ONE HUNDRED DOLLARS ($100.00), (2) THE AMOUNT YOU PAID THE ORGANIZATION PERSONS, IF ANY, IN THE PAST SIX (6) MONTHS FOR THE SERVICES (OR OFFERINGS PURCHASED ON THE SERVICES) GIVING RISE TO THE CLAIM; OR (3) THE STATUTORY REMEDY FOR SUCH CLAIM. THE FOREGOING LIMITATIONS WILL APPLY EVEN IF THE ABOVE STATED REMEDY FAILS OF ITS ESSENTIAL PURPOSE.
You are solely responsible for paying all taxes, duties, and assessments that may now or in the future be imposed by any governmental authority in connection with your use of the Services, as well as any amounts payable as a result of using or exploiting any crypto‑assets or interacting with blockchains.
If you access or use any third‑party services through or in connection with the Interface, you acknowledge and agree that such use is governed by the separate terms, conditions, privacy policies, and practices of the respective third parties. Fiamma is not responsible for any third‑party services, and your interactions with those services are solely between you and the applicable third party.
You may stop using the Services at any time; see our Privacy Policy for how we handle your data afterward.We may suspend or terminate your access at our discretion, including for breach of these Terms. We alone determine violations of these Terms. If suspended, you may still access your Wallet directly or through non‑Fiamma services.Provisions that naturally survive termination—such as payment or indemnity obligations, liability limits, intellectual property rights, and dispute terms—remain in effect.
These Terms of Service are written in English. If translated into one or more other languages, the English version shall prevail and be considered the sole authentic version in the event of any dispute.
If you have any questions regarding these Terms of Service or wish to contact us for any reason, please reach out to us by email at [email protected].
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