Terms of Use

What Mamoru is

Mamoru is software. It sets up a smart account that you own, and runs an automated operator that puts the funds in that account to work in on-chain liquidity positions and turns the yield into stablecoins.

Mamoru is not a bank, a broker, an exchange or an investment adviser. It does not take custody of your funds, and nothing on mamoru.lol or in the app is financial, legal or tax advice.

There is no company behind Mamoru today. It is built and run by a small group of contributors. On these pages, "we" means them.

Your account and your passkey

Your account is a Safe smart account on the blockchain. It is controlled by a passkey stored on your device and synced by Apple or Google. Mamoru never holds your passkey or any key that can move your funds out of your account.

You are responsible for keeping your passkey and your devices safe. If you lose access to your passkey and its backup, Mamoru cannot recover it for you. Keep your recovery kit somewhere safe.

What the operator can and cannot do

When you start Mamoru, you sign a limited permission with your passkey. It lets the operator open, adjust and close liquidity positions and collect their fees, only through the contracts named in that permission.

Every move the operator makes must return funds to your own account. Moves between chains may only arrive at your own account on the other chain. The operator cannot send your funds anywhere else. Only you, with your passkey, can withdraw or transfer funds out.

While the product is young, Mamoru limits how much each account can hold.

Fees

Mamoru's fee is 10% of the yield harvested from your positions, never of your deposit. No yield, no fee. Today the fee is counted but not yet taken. Before it is taken, we will say so here and in the app.

No promise of returns

Rates shown on mamoru.lol and in the app are past averages or estimates. They are not a promise. You can earn less than shown, nothing, or lose part of your funds. Read the risks at mamoru.lol/risks before you deposit.

Who can use Mamoru

You must be at least 18 and able to enter into a binding agreement. You may not use Mamoru if you are the subject of sanctions, or if using it would break the laws that apply to you. You are responsible for any taxes on your activity.

Third-party protocols and services

Mamoru works on public blockchains and with protocols and services it does not control, such as Base, Uniswap, Safe and Circle. Their rules, fees, failures and changes are outside Mamoru's control.

Acceptable use

Do not use Mamoru for anything unlawful, do not try to break, overload or reverse-engineer the service beyond what its open-source licence allows, and do not use funds you are not entitled to.

Open-source software, provided as is

Mamoru's code is public under the MIT license at github.com/ottodevs/mamoru. The software and the service are provided as is, without warranties of any kind, to the extent the law allows.

You use Mamoru at your own risk

Mamoru is free, open-source software offered as is. You decide whether to use it, how much to deposit and when to withdraw. You use it entirely at your own risk.

No liability

To the fullest extent the law allows, Mamoru's contributors accept no liability of any kind for any loss or damage arising from your use of Mamoru, however it is caused. This includes loss of funds, lost yield or profits, and losses caused by smart contracts, blockchains, bridges, protocols, third-party services, market movements, the operator's decisions, or the loss of your passkey or devices.

By using Mamoru, you agree not to bring any claim against its contributors for those losses, to the fullest extent the law allows.

Nothing in these terms limits liability that the law does not allow to be limited.

Changes and pauses

We may change, pause or stop the service, or change these terms. We will post changes here with a new date. If Mamoru ever forms a company, these terms will say so. If the operator stops, your funds stay in your account, and you can still withdraw them with your passkey.

Contact

Questions about these terms: hi@mamoru.lol.