Important: Please read these Terms of Service carefully before using the Layrs Protocol. By accessing or using the Protocol, you agree to be bound by these terms. If you do not agree, do not use the Protocol.
These Terms of Service ("Terms") govern your access to and use of the Layrs Protocol ("Protocol"), including any associated smart contracts, web interfaces, APIs, and services (collectively, "Services") provided by Layrs Protocol ("Layrs," "we," "us," or "our").
By connecting a wallet to, interacting with, or otherwise using the Protocol, you represent that: (a) you have read and understood these Terms; (b) you are of legal age to form a binding contract in your jurisdiction; (c) you have the legal authority to enter into these Terms; and (d) your use of the Protocol does not violate any applicable law or regulation.
Layrs is a decentralized privacy-first DeFi protocol operating on Horizen L3 (a Layer 3 appchain built on Base Layer 2) and the Base blockchain. The Protocol enables:
Decentralized nature: The Protocol operates through autonomous smart contracts on blockchain networks. Layrs does not custody your funds, control your private keys, or have the ability to reverse, freeze, or modify your transactions once confirmed on-chain. You interact with the Protocol at your own risk and discretion.
You may use the Protocol only if you are not located in, incorporated in, or a national or resident of any jurisdiction where the use of the Protocol would be prohibited or require licenses, registrations, or approvals we have not obtained.
You may not use the Protocol if you are located in or a citizen or resident of any country or territory subject to comprehensive sanctions programs, including but not limited to:
You agree not to use the Protocol to:
The Protocol uses cryptographic zero-knowledge proofs (specifically Circom circuits generating Groth16 proofs verified by zkVerify on Horizen L3) to shield user positions. While the Protocol provides strong on-chain privacy for deposit amounts, balances, and exit transactions, you acknowledge:
Shards are an in-protocol reward unit earned through participation in the Layrs Protocol. Shards are: (a) non-transferable until Token Generation Event ("TGE"); (b) not a security, investment contract, or financial instrument; (c) not redeemable for cash or other assets before TGE; and (d) subject to the terms of conversion described herein.
At TGE, 20% of the total $LAYRS token supply will be allocated to Shard holders on a pro-rata basis. The number of $LAYRS tokens you receive will be calculated as:
Your $LAYRS = (Your Shards ÷ Total Shards Earned by All Participants) × 20% of $LAYRS Supply
The per-Shard value in $LAYRS is not predetermined and will only be known once total Shards are counted at TGE.
Layrs makes no representation or warranty regarding the value, utility, or liquidity of $LAYRS tokens at or after TGE. Earning Shards does not constitute a purchase of or investment in $LAYRS tokens.
The referral program allows users to earn 10% of Shards earned by users they refer. Referral rewards are calculated and credited automatically by the Protocol. You may not engage in fraudulent referral activity, including self-referral, using bots, or creating artificial referral networks.
By using the Protocol, you acknowledge and accept the following risks:
The Layrs Protocol software is open source. Smart contracts are published under applicable open source licenses. The Layrs brand, name, logo, and associated trademarks are proprietary to Layrs Protocol and may not be used without express written permission.
THE PROTOCOL IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTY OF ANY KIND. LAYRS EXPRESSLY DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT.
LAYRS DOES NOT WARRANT THAT: (A) THE PROTOCOL WILL FUNCTION UNINTERRUPTED OR ERROR-FREE; (B) ANY ERRORS WILL BE CORRECTED; (C) THE PROTOCOL IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; OR (D) THE RESULTS OF USING THE PROTOCOL WILL MEET YOUR REQUIREMENTS.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, LAYRS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION LOSS OF PROFITS, DATA, OR FUNDS, ARISING OUT OF OR RELATED TO YOUR USE OF THE PROTOCOL, EVEN IF LAYRS HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
IN NO EVENT SHALL LAYRS' TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THESE TERMS OR THE PROTOCOL EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID TO LAYRS IN THE TWELVE MONTHS PRECEDING THE CLAIM, OR (B) USD $100.
You agree to indemnify, defend, and hold harmless Layrs and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or related to: (a) your use of the Protocol; (b) your violation of these Terms; (c) your violation of any third-party rights; or (d) your violation of any applicable law or regulation.
These Terms shall be governed by and construed in accordance with the laws of the jurisdiction of Layrs Protocol's principal place of operation, without regard to its conflict of law provisions. Any dispute arising out of or relating to these Terms shall be resolved by binding arbitration administered under internationally recognized arbitration rules.
Layrs reserves the right to modify these Terms at any time. We will provide notice of material changes by updating the "Last updated" date at the top of these Terms and, where practicable, by providing notice through the Protocol interface. Your continued use of the Protocol after changes become effective constitutes acceptance of the revised Terms.
Layrs may, in its sole discretion, suspend or terminate your access to any Protocol interfaces at any time for any reason, including if we believe you have violated these Terms. Note that smart contracts deployed on blockchain networks cannot be stopped by Layrs; only frontend access may be restricted.
For questions about these Terms, contact us at: