Effective Date: 24 September 2025

DEX Layer Terms

1. Scope & Incorporation

These DEX Layer Terms ("DEX Terms") govern the non-custodial, on-chain swap interface and incorporate the Baltex Terms. Baltex is not your counterparty and does not control third-party smart contracts.

2. Wallet Connection & Permissions

  • Self-Custody: You connect a supported self-custody wallet; you are responsible for keys, seed phrases, and device security.
  • Token Approvals/Allowances: Some swaps require ERC-20 (or analogous) approvals. Large or “infinite” allowances increase risk. You are responsible for managing/revoking allowances.
  • Signatures: You may be asked to sign messages (e.g., EIP-712). Verify all prompts and origins before signing.

3. Execution Mechanics

  • Gas & Fees: You pay network fees; insufficient gas may cause failure without execution.
  • Slippage & Price Impact: You control slippage tolerance; high price impact can result in unfavorable execution or failure.
  • MEV & Front-Running: On-chain transactions are public prior to inclusion; you accept risks of MEV, sandwiching, re-ordering, and censorship.
  • Partial/No Fills: Depending on protocol mechanics, transactions may fail or revert; Baltex does not guarantee fills or prices.

4. Assets, Chains & Routing

  • Supported Networks: Only use networks explicitly shown in the interface.
  • Wrapped/Bridged Assets: Wrapped or bridged tokens may carry additional risk; unless expressly stated, bridging is outside the DEX Layer’s scope.
  • Tokens with Special Rules: Some tokens have transfer fees, reflections, blacklists, or pausable contracts that can affect outcomes; proceed at your own risk.

5. Smart-Contract Risks

Smart contracts can contain bugs, admin keys, pause/upgrade functions, oracles that fail, or economic exploits. Even audited code can break. By using the DEX Layer, you accept all smart-contract risks.

6. Network Events

Chain reorganizations, halts, hard forks, or upgrades can disrupt swaps or produce divergent outcomes. Baltex may disable access during instability. Airdrops, forks, or staking rewards are not owed to you through the DEX Layer.

7. Security Practices (User Obligations)

Maintain up-to-date wallets, verify URLs, avoid signing unknown transactions, and regularly review approvals. Baltex cannot recover private keys or reverse signed transactions.

8. Compliance & Restrictions

Use is prohibited where restricted by law or sanctions. On-chain activity may be monitored for risk, and access may be limited or blocked per Section 3 (AML/KYC).

9. Fees & Disclosures

Any Baltex interface or routing fee (if applicable) is disclosed pre-confirmation. Network fees are paid to miners/validators and are non-refundable.

10. No Advice; Your Responsibility

Nothing in the DEX Layer constitutes investment, legal, or tax advice. You are solely responsible for your decisions and obligations.

11. Support & Disputes

Baltex cannot cancel or modify a transaction after it is broadcast. For interface issues, contact support; for on-chain failures, review your wallet and blockchain explorer logs.

12. Termination & Changes

We may modify, suspend, or terminate DEX Layer access at any time, including for abnormal usage patterns or legal obligations.

13. Governing Law

These DEX Terms are governed by the laws of Costa Rica.