Terms of Service & Risk Disclosure

• Non-Custodial: Faza is autonomous smart contract software. We never hold, intermediate, or control your private keys, USDC, or escrowed stakes.
• Irreversible Onchain Settlement: Once a bond or OTC deal is executed, checked in, attested, or settled on Arc, transactions cannot be reversed, paused, or altered by any party or admin.
• USDC Native Gas: On Arc Network, native gas fees are paid in USDC. All stakes, collateral, and payouts are denominated in 6-decimal ERC-20 USDC.
• Pull-Payment Architecture: Settled funds and forfeit stakes are credited to your address onchain and must be withdrawn using the claim() function.
• Self-Directed Risk: You are solely responsible for verifying counterparty wallet addresses, deadline timestamps, terms hashes, and compliance with your local laws.

1. Non-Custodial Nature & Acceptance

By accessing the Faza web interface (faza-v1.vercel.app or any mirror), interacting with the Faza smart contracts on the Arc Network, or connecting a Web3 wallet, you acknowledge and agree to be bound by these Terms of Service. If you do not agree to these terms, do not connect your wallet or initiate any transactions.

Faza is not an exchange, bank, broker, escrow agent, or financial institution. Faza provides decentralized, peer-to-peer smart contract templates allowing two independent wallets to coordinate commitments and execute bilateral atomic settlements on the Arc blockchain. All operations are decentralized and non-custodial.

2. Protocol Instruments: Show-Up Bonds & OTC Tickets

3. Arc Network Architecture & Native USDC Gas

Faza smart contracts run natively on Arc (Chain ID 5042 on Mainnet, 5042002 on Testnet). On Arc, native gas is paid directly in USDC via Circle's native predeploy contract (0x3600000000000000000000000000000000000000).

Users do not need to acquire volatile secondary gas tokens (like ETH, SOL, or MATIC). However, you must maintain a sufficient balance of native USDC in your wallet to cover sub-cent transaction gas fees. The protocol is not responsible for failed transactions caused by gas starvation or network congestion.

4. Pull-Payment Security Pattern ("Claim")

To prevent denial-of-service (DoS) attacks and reentrancy vulnerabilities, Faza implements the industry-standard Pull-Over-Push payment architecture. When a bond or deal settles, the contract updates an internal balance mapping: claimable[userAddress].

Funds are not automatically pushed to your wallet during settlement. To withdraw your proceeds or refunded stakes to your external wallet, you must initiate a withdrawal transaction via the claim() method or using the "Claim / Withdraw" banner in the Faza interface.

5. Assumption of Risk & Bilateral Default

Engaging in decentralized bilateral contracts involves significant financial and operational risks:

• Stake Forfeiture: If you fail to call checkIn() before the strict deadline timestamp for any reason (including forgotten passwords, internet outages, or browser failures), your stake will be permanently forfeited to your counterparty.
• Smart Contract Vulnerabilities: While the contracts follow standard Solidity security practices, no software is infallible. Undiscovered bugs, compiler issues, or blockchain node exploits could result in lost funds.
• Block Timestamp Variance: Onchain timestamps rely on block headers. Miners or validators may experience minor timestamp variations. Users should ensure deadlines provide adequate margin for settlement.
• Counterparty Performance: Faza verifies onchain stake locking and cryptographic signatures. It cannot independently inspect physical goods, external off-chain wire transfers, or subjective meeting attendance.

6. No Investment or Financial Advice

Nothing on the Faza website, smart contracts, documentation, or social channels constitutes financial, legal, tax, or investment advice. Faza is solely an open protocol for bilateral commitments. You are solely responsible for determining whether any commitment or OTC arrangement is appropriate for your financial situation.

7. Disclaimer of Warranties

THE PROTOCOL, INTERFACE, SMART CONTRACTS, AND ALL ASSOCIATED SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, OR UNINTERRUPTED ERROR-FREE PERFORMANCE.

8. Limitation of Liability

Under no circumstances shall the creators, developers, contributors, or affiliated entities of Faza be liable for any indirect, incidental, special, consequential, or punitive damages, including loss of profits, data, digital assets, USDC, or goodwill, arising out of or in connection with your access to, use of, or inability to use the protocol.

Faza is privacy-first and does not collect or store personal identifiable information (PII):

• No Tracking / No Cookies: The Faza interface does not use tracking cookies, analytics trackers, or user behavioral profiling scripts.
• Public Blockchain Transparency: When you connect your wallet and execute a transaction, your public wallet address, transaction hash, stake amount, and timestamp are broadcasted to the decentralized Arc Network. Blockchain data is inherently public and permanent.
• Local Storage: The interface saves your preferred network view (Mainnet vs. Testnet) locally on your device in your browser's localStorage for convenience.

10. Prohibited Uses & Sanctions Compliance

You represent and warrant that you are not a resident of, or located in, any country subject to comprehensive international sanctions (including OFAC, EU, or UN sanctions lists), nor are you an individual or entity on any restricted party list.

You agree not to use Faza for money laundering, financing terrorism, sanctions evasion, illegal gambling, fraud, or any unlawful commercial trade.