LayerAkira Terms of Use
Last updated: January 19, 2026
1. Introduction
These Terms of Use ("Terms") govern your use of LayerAkira, a decentralized spot trading exchange operating on Starknet. LayerAkira is operated by a foundation registered in the Cayman Islands ("Company," "we," "us").
By using LayerAkira, you agree to these Terms in full. If you disagree with any part, do not use the Platform.
What LayerAkira Does
LayerAkira provides a web interface to access our hybrid order book protocol on Starknet for spot trading of digital assets. We operate a hybrid model:
Off-chain: Order book matching for efficiency
On-chain: All fund custody, trade settlement, and transfers via smart contracts
We are not a counterparty to your trades. LayerAkira does not buy or sell assets from you, act as a market maker, or control trade execution. We provide technology that enables peer-to-peer trading.
Updates to Terms
We may update these Terms at any time by posting revised Terms with an updated "Last Updated" date. Your continued use after changes constitutes acceptance. If you disagree with modifications, immediately stop using the Platform and withdraw any deposited funds.
These Terms include critical provisions on eligibility, risk disclosures, liability limitations, and binding arbitration. Read carefully.
2. Eligibility and Restrictions
2.1 Age Requirement
You must be at least 18 years old (or the age of majority in your jurisdiction) and legally capable of forming binding contracts.
2.2 Geographic Restrictions
You represent that you are NOT:
Located in, resident of, or citizen of the United States or Ontario, Canada
Located in or resident of any OFAC-sanctioned country (including Russia, North Korea, Iran, Cuba, Syria, or any country subject to comprehensive sanctions)
Listed on any sanctions list (OFAC SDN, EU sanctions list, etc.) or acting on behalf of anyone who is
Subject to any trade restrictions or legal prohibitions preventing your use of LayerAkira
If you are or become a restricted person, you must not access LayerAkira. Using VPNs or other tools to circumvent geographic restrictions is strictly prohibited.
We employ IP screening, blockchain analysis, and other methods to detect restricted access. If detected, we may immediately: (a) block your access, (b) cancel pending orders, and (c) enable withdrawal-only mode for a limited period. We have no obligation to provide advance notice.
2.3 Compliance
You represent that: (a) you are not using the Platform on behalf of any restricted person, (b) your use complies with all applicable laws in your jurisdiction, and (c) any information you provide is accurate.
3. Wallet Access and Security
3.1 Non-Custodial Wallets
LayerAkira does not create accounts or custody your assets. You access the Platform by connecting a compatible non-custodial wallet (e.g., Argent, Braavos, xVerse).
Your wallet is your responsibility. We cannot:
Access your private keys
Recover lost passwords or seed phrases
Reverse or cancel transactions
Transfer your assets for you
By connecting your wallet, you authorize LayerAkira to view your wallet addresses and blockchain data, and to facilitate transactions you approve.
3.2 Security is Your Responsibility
You are solely responsible for:
Safeguarding private keys, seed phrases, and passwords
Securing devices used to access LayerAkira
Preventing unauthorized access to your wallet
Any transaction from your wallet is deemed authorized by you, including accidental or unauthorized transactions. We strongly recommend hardware wallets, secure passphrases, and other security measures.
If you lose your private keys, your assets are permanently lost. LayerAkira cannot help you recover them. If malware or phishing compromises your wallet, you bear the loss.
3.3 No Passwords or Custodial Accounts
We will never ask for your private keys or seed phrase. Anyone claiming to represent LayerAkira and requesting this information is a scammer. We do not custody funds or create traditional login accounts.
3.4 Communications
We do not collect personal data by default. Official communications will be via our website or public channels (Twitter, Discord, etc.). You are responsible for monitoring these channels. Providing contact information (e.g., email for support) is optional.
3.5 Transaction Finality
All blockchain transactions are final and irreversible once confirmed on Starknet. LayerAkira cannot cancel, reverse, or modify any transaction after it's broadcast to the blockchain—regardless of whether it was executed in error, under duress, or based on misunderstanding. You are solely responsible for verifying all transaction details before approval.
4. Trading on LayerAkira
4.1 How It Works
Simple Swaps: Connect your wallet and execute swaps directly—no deposit required.
Limit Orders: You must first deposit funds into LayerAkira's smart contracts. Deposited funds can then be used for:
Placing limit orders
Executing swaps using your deposited balance
Withdrawal to your connected wallet only
Withdrawals are restricted to your connected wallet address. You cannot withdraw to a different address.
4.2 Deposit Custody and Risks
When you deposit funds for limit order trading, they are held by LayerAkira's smart contracts on Starknet. While non-custodial from a corporate perspective, you temporarily relinquish direct wallet control.
You acknowledge:
Deposited funds are exposed to smart contract risks (see Section 6.3)
Funds locked in active limit orders cannot be withdrawn until orders are cancelled or filled
All transactions are final and irreversible once confirmed on-chain
4.3 Order Book Mechanics
The order book operates off-chain for efficiency; settlement occurs on-chain.
You acknowledge:
Orders may not execute immediately or at all due to insufficient liquidity
We reserve the right to reject, cancel, or modify orders that appear erroneous, manipulative, or harmful to market integrity
During high volatility or network congestion, execution may be delayed or impaired
Displayed liquidity and pricing are indicative only and may not reflect actual executable prices
4.4 No Guarantees
We do not guarantee:
Order execution (partial or full)
Specific pricing or liquidity
Platform availability during critical market moments
5. Prohibited Conduct
You agree NOT to:
Use LayerAkira for illegal purposes, including money laundering, sanctions evasion, fraud, terrorist financing, or tax evasion
Circumvent geographic restrictions using VPNs, proxies, or similar tools
Disrupt the Platform through attacks, exploits, excessive bot activity, or system overloads
Engage in fraud, impersonation, or misrepresentation
Scrape data, use our branding without permission, or resell access to the Platform
Violate any applicable laws or regulations
You are solely responsible for tax compliance in your jurisdiction. We do not provide tax advice. You must report and pay all applicable taxes on your trading activities.
We may block access, cancel orders, report violations to authorities, or pursue legal action for any breach of this section.
6. Risks and Disclaimers
6.1 No Investment Advice
LayerAkira provides technology, not financial, legal, or tax advice. We do not recommend trades, assess suitability, or endorse any assets. All trading decisions are yours alone. Consult qualified advisors if uncertain.
6.2 Market Risks
Digital asset trading is highly risky and volatile. You may lose all deposited funds. We do not guarantee order execution, liquidity, or any particular outcome. Trade only what you can afford to lose.
Even stablecoins can depeg or experience volatility in extreme conditions.
6.3 Smart Contract Risks
LayerAkira operates via smart contracts on Starknet. Smart contracts are experimental technology. Despite security audits (if conducted), vulnerabilities may exist that could result in partial or total loss of deposited funds.
You acknowledge and accept:
Smart contracts can contain bugs or be exploited
We have no obligation to reimburse losses from smart contract exploits, bugs, or vulnerabilities—whether or not such vulnerabilities were known or discoverable
Other DeFi platforms have experienced incidents resulting in significant user losses
Upgrades or changes to smart contracts may introduce new risks
6.4 Starknet and Layer 2 Risks
LayerAkira operates on Starknet, a Layer 2 scaling solution. You acknowledge risks specific to L2 networks:
Sequencer downtime or failure
Bridge vulnerabilities between Ethereum mainnet and Starknet
Potential loss of funds if Starknet experiences critical failure
Delays in transaction processing or withdrawals
Experimental nature of zero-knowledge rollup technology
The Company is not responsible for losses arising from Starknet network failures or limitations.
6.5 Oracle and Price Feed Risks
LayerAkira may rely on third-party price feeds or oracles. You acknowledge:
Price information may be inaccurate, delayed, or manipulated
We are not responsible for losses from incorrect price data, oracle failures, front-running, sandwich attacks, MEV exploitation, or discrepancies between displayed and actual execution prices
You are solely responsible for verifying prices before trading
6.6 User Error and Non-Custodial Nature
Because LayerAkira is non-custodial, you bear full responsibility for errors:
Approving malicious smart contracts
Losing private keys or seed phrases
There is no central authority to reverse mistakes. Lost or misdirected funds are typically unrecoverable.
6.7 Platform Availability
The Platform is provided "as is" and "as available" without uptime guarantees. We may experience downtime due to maintenance, technical issues, or blockchain network problems—with or without notice.
6.8 No Warranty
TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, express, implied, or statutory, including warranties of merchantability, fitness for a particular purpose, title, non-infringement, or accuracy.
We make no promises about Platform performance or trading outcomes. You assume all risk. If dissatisfied, your only remedy is to stop using the Platform.
6.9 Third-Party Services
LayerAkira may integrate with third-party wallets, block explorers, or DeFi protocols. We do not control or endorse third-party services and are not responsible for their actions, content, or failures. Use at your own risk.
7. Limitation of Liability
7.1 Liability Cap
TO THE MAXIMUM EXTENT PERMITTED BY LAW:
The Company (and its officers, directors, employees, agents, and affiliates) shall not be liable for any:
Indirect, incidental, special, consequential, exemplary, or punitive damages
Loss of profits, revenues, goodwill, opportunities, or data
Damages arising from your use of LayerAkira—even if advised of the possibility
Our total cumulative liability to you shall not exceed the greater of:
(a) Total fees you paid to LayerAkira in the six months before the event, OR
(b) USD $100
This limitation applies regardless of legal theory (contract, tort, negligence, strict liability, etc.).
7.2 No Liability for Blockchain Transactions
We have no control over blockchain transactions. Once a transaction is confirmed on-chain, we cannot reverse or alter it. We are not liable for:
Incorrectly executed transactions
User errors or mistakes
Smart contract vulnerabilities or exploits
Network issues or security breaches beyond our control
Unforeseen technical failures
7.3 Release
You release and hold harmless the Company and its affiliates from any claims, losses, or damages arising from your use of LayerAkira or digital asset transactions—except where liability arises from our gross negligence or willful misconduct (subject to Section 7.1 caps).
8. Indemnification
You agree to indemnify, defend, and hold harmless the Company and its affiliates, officers, directors, employees, and agents from any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising from:
Your use of LayerAkira or transactions under your wallet
Your violation of these Terms or any applicable law
Your infringement of any third-party rights
We may assume exclusive defense of any matter subject to indemnification (you agree to cooperate). This obligation survives termination of these Terms.
9. Intellectual Property
9.1 Our IP
All Platform content (text, graphics, logos, code, trademarks) is owned by or licensed to the Company. LayerAkira and our logos are proprietary trademarks.
You may not:
Copy, modify, distribute, sell, or lease any Platform materials
Reverse engineer our software (unless open-source licensed)
Use our trademarks without prior written consent
9.2 User Feedback
Any suggestions, ideas, or feedback you provide may be freely used, implemented, and monetized by the Company without obligation or compensation to you.
9.3 Open Source
Certain Platform components may be released under open-source licenses. Those components are governed by their respective licenses. To the extent of conflict, the open-source license prevails for that specific component.
10. Dispute Resolution
PLEASE READ CAREFULLY. THIS SECTION REQUIRES BINDING ARBITRATION AND WAIVES CLASS ACTIONS.
10.1 Informal Resolution
Before filing arbitration, contact us via Discord to attempt informal resolution for 30 days.
10.2 Binding Arbitration and Class Action Waiver
If informal resolution fails, all disputes must be resolved through binding arbitration, not court (except as noted below).
YOU AND LAYERAKIRA EACH WAIVE THE RIGHT TO:
Trial by judge or jury
Participate in class actions or representative proceedings
CLASS ACTION WAIVER: YOU AND LAYERAKIRA AGREE THAT EACH PARTY MAY BRING CLAIMS ONLY IN AN INDIVIDUAL CAPACITY, NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, CONSOLIDATED, OR REPRESENTATIVE PROCEEDING. The arbitrator may not consolidate claims or preside over any class proceeding.
If a court finds this class action waiver unenforceable, the entire arbitration agreement is void (but all other Terms remain in effect).
10.3 Arbitration Procedures
Arbitration will be administered by:
The Cayman International Mediation and Arbitration Centre (CI-MAC) under its rules and Cayman Islands Arbitration Law (2012), OR
The International Chamber of Commerce (ICC) under ICC Arbitration Rules if CI-MAC is unavailable
Key terms:
Single neutral arbitrator
Location: Cayman Islands (or remote/online by mutual agreement)
Language: English
The arbitrator may grant any relief available in court
The arbitrator's written decision is final and binding
Each party bears its own attorneys' fees (unless the arbitrator finds a claim was frivolous or in bad faith)
Arbitration is confidential
The arbitrator will apply Cayman Islands substantive law (and U.S. federal law where applicable to sanctions).
10.4 Exceptions
Arbitration is NOT required for:
Small claims court: Either party may pursue claims in small claims court if within jurisdictional limits (individual basis only)
Intellectual property: Disputes concerning IP infringement may be brought in court (Section 11)
Injunctive relief: Either party may seek temporary injunctive relief in court to prevent irreparable harm while arbitration is pending
10.5 30-Day Opt-Out Right
You may opt out of arbitration by sending written notice within 30 days of first accepting these Terms.
The notice must:
Clearly state you wish to opt out of arbitration
Include your name and wallet address
If you opt out, you and the Company retain the right to resolve disputes in court (subject to Section 11). Opting out does not affect other Terms provisions.
If you do not opt out within 30 days, you knowingly waive your right to litigate disputes in court.
11. Governing Law and Jurisdiction
These Terms are governed by the laws of the Cayman Islands, without regard to conflict of law principles. The arbitrator will apply Cayman Islands substantive law (and U.S. federal law where applicable).
For any court proceedings permitted under these Terms (opt-out, small claims, IP enforcement), the parties agree to the exclusive jurisdiction of the courts of the Cayman Islands. You consent to personal jurisdiction and waive any objection based on inconvenient forum.
We may seek enforcement of judgments or arbitration awards in any competent jurisdiction as needed.
12. Suspension and Termination
12.1 Our Right to Terminate
We may suspend or terminate your access (including blocking wallet addresses or IP ranges) if:
You violate these Terms
You engage in fraudulent, unlawful, or abusive activity
Required by law or regulatory order
Necessary to prevent harm to the Platform or other users
We are not liable for losses from termination, but will facilitate withdrawal of deposited funds where possible if you have not breached these Terms.
12.2 Your Right to Stop Using
You may stop using LayerAkira at any time. Simply cease accessing the Platform and withdraw all deposited funds. These Terms continue to apply to your past use, and certain provisions survive termination (Section 12.4).
12.3 Remedies
If you violate these Terms, we may:
Report activity to law enforcement
Pursue legal action for damages
Implement technical blocks
No waiver of any breach constitutes waiver of subsequent breaches. All remedies are cumulative.
12.4 Survival
Provisions that by their nature should survive termination will continue in effect, including: disclaimers, liability limitations, indemnification, dispute resolution, and governing law.
13. Changes to the Platform
LayerAkira is evolving. We may modify or discontinue any part of the Platform (temporarily or permanently) with or without notice, including:
Supported assets or trading pairs
Smart contract versions
User interface or functionality
Migration to different blockchains or protocols
We will strive to provide advance notice for major changes, but immediate changes may be necessary for security or legal compliance.
You acknowledge:
The Platform may change without prior notice
Future versions may be incompatible with previous versions (e.g., orders may not carry over)
We are not liable for any modification, suspension, or discontinuation
If you disagree with changes, your sole remedy is to stop using LayerAkira.
14. General Terms
Entire Agreement: These Terms (and any additional guidelines posted for specific features) constitute the complete agreement between you and LayerAkira, superseding any prior agreements.
Severability: If any provision is unenforceable, it will be enforced to the maximum extent possible, and the remaining provisions stay in effect.
No Waiver: Our failure to enforce any right doesn't waive that right.
Assignment: You cannot transfer these Terms without our consent. We may assign them freely (e.g., in a merger or acquisition). These Terms bind successors and permitted assigns.
No Partnership: You and the Company are independent contractors. Nothing creates a partnership, joint venture, or employment relationship.
Force Majeure: We are not liable for delays or failures beyond our reasonable control, including:
Acts of God, war, government actions, epidemics, natural disasters
Power failures, internet outages, cyberattacks
Starknet network failures, upgrades, or hard forks
Ethereum mainnet issues affecting Starknet
Blockchain protocol changes or consensus failures
Regulatory actions prohibiting Platform operation
Third-party infrastructure failures (RPC providers, cloud services, sequencers)
Interpretation: Headings are for convenience only. Singular includes plural and vice versa. "Including" means without limitation. The English version of these Terms prevails over any translation.
15. Tax Obligations
You are solely responsible for determining, reporting, and paying any taxes arising from your use of LayerAkira.
You acknowledge:
The Company does not provide tax advice
Trading digital assets may create tax obligations in your jurisdiction
You may be required to report transactions to tax authorities
We may be required to report transaction information to regulators or tax authorities (you consent to such reporting if legally mandated)
You agree to indemnify the Company for any taxes, penalties, or interest arising from your failure to properly report or pay taxes.
16. Privacy and Data
16.1 Limited Data Collection
As a non-custodial platform, LayerAkira does not collect traditional personal identifying information. We may collect:
Wallet addresses you connect
Transaction data visible on the blockchain
IP addresses and browser information when you access the Interface
Information you voluntarily provide (e.g., email for support)
16.2 Blockchain Transparency
All Starknet transactions are publicly visible on the blockchain. Wallet addresses and transaction histories can be analyzed by anyone. LayerAkira cannot delete or modify blockchain records.
16.3 Regulatory Disclosure
We may be required to disclose information about your Platform use to regulatory authorities, law enforcement, or pursuant to legal process. You consent to such disclosure if legally mandated.
We may use blockchain analytics and monitoring tools to detect prohibited activity. Information gathered may be shared with authorities if we suspect illegal conduct.
17. Dormant Accounts
If you maintain a deposited balance but do not access the Platform or execute transactions for 24 months, your account may be deemed dormant.
We reserve the right to:
Charge a nominal monthly maintenance fee on dormant accounts
Implement withdrawal-only mode
If we cannot return funds to you (e.g., your wallet is inaccessible), unclaimed property laws may apply, and we may be required to escrow or deliver funds to government authorities.
18. Contact and Support
For questions, feedback, or assistance, contact LayerAkira support on Discord or email via hello@layerakira.xyz
We will respond promptly to inquiries. However, due to the non-custodial nature of the Platform, our ability to assist with transaction-specific issues is limited. Many issues must be resolved by users themselves (e.g., wallet problems, mistaken transfers).
Acknowledgment
By using LayerAkira, you acknowledge that you have read, understand, and agree to be bound by these Terms of Use.
Trade responsibly.
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