Emiratefi wallet terms and conditions
I. Introduction
The EmirateFi Wallet is a service provided to you via the EmirateFi DeFi Platform. As such, these EmirateFi DeFi Wallet General Terms and Conditions (“General Terms”) shall apply to your use of the EmirateFi DeFi Platform and the EmirateFi Wallet service provided therein.
These EmirateFi Wallet Terms and Conditions govern the relationship between you (“Client” or “you”) and any holding company, subsidiary, or entity belonging to the EmirateFi group of companies (“EmirateFi” or “we”), while you and EmirateFi are hereinafter separately referred to as a “Party” and jointly as the “Parties,” in regard to your use of the EmirateFi Wallet. These Terms constitute a legally binding agreement between the Parties.
The EmirateFi Wallet may contain or bridge to third-party features and/or services, which are governed by separate terms and conditions. You acknowledge and agree that you have read and accepted such third-party terms prior to using any of the services available on the EmirateFi DeFi Platform.
You should take your time and carefully read these General Terms before using the services facilitated through the EmirateFi DeFi Platform, so you are fully aware of your rights and obligations. Keep in mind that by setting up an EmirateFi Wallet, you are actively agreeing to these General Terms and entering into a contractual relationship with EmirateFi for the use of the Wallet.
II. DEFINITIONS
Applicable Law means any law, statute, regulation, ordinance, treaty, guideline, policy, and act issued by any governmental or regulatory authority, including but not limited to the governing law under Section XX of these General Terms.
Available Protocol(s) means any software and/or code including, but not limited to, smart contracts, wallets, DeFi Protocols, DEX Aggregator Protocols, or any other such protocols built on a Supported Blockchain Network.
Dapp means a decentralized application that uses decentralized means of data storage, such as blockchains.
DEX Aggregator Protocol(s) means the variety of decentralized exchange aggregators, which are platforms built on the Supported Blockchain Networks allowing you to stake and swap your Digital Assets.
ENS means the naming standard on the Ethereum blockchain used to represent an address that lives on the blockchain with a more human-readable state.
Digital Assets means any fungible and non-fungible digital assets (such as cryptocurrencies, stablecoins, and tokenized assets, including NFTs). Only Digital Assets supported by the EmirateFi Wallet can be stored, transferred, and transacted. All supported Digital Assets are listed on the EmirateFi DeFi Platform and the EmirateFi Wallet and the associated FAQ page, and are subject to revision, prohibitions, and limitations at any time at our sole and absolute discretion. You may additionally import Digital Assets whitelisted by EmirateFi.
External Non-Custodial Wallet means any of the supported DeFi wallets, as indicated on the EmirateFi DeFi Platform.
Fork means a software change to the underlying protocols of the Digital Assets’ networks.
Identity means a smart contract providing you with a unique wallet address that can be connected to one or more non-custodial wallets, and facilitating the interaction and use of Web3 Dapps and Available Protocols.
Non-Fungible Token or NFT means a non-fungible token, typically smart contracts deployed on a blockchain, holding unique metadata (such as images, sound clips, etc.) that can be owned by and transferred between addresses on the blockchain.
EmirateFi DeFi Platform means any EmirateFi website, mobile application, and any other official EmirateFi communication channel, through which the EmirateFi Wallet is provided, including the content and services made available on or through the same, and any updates, upgrades, and versions thereof.
Pool means an address at a decentralized lending protocol designated for collection of specific Digital Assets for the purpose of providing liquidity for a lending market.
Trading Pair means the pairing between a Base Digital Asset — the asset being sold — and a Counter Digital Asset — the asset being acquired in return — in relation to a Swap transaction.
Signer means any supported non-custodial wallet paired with your Identity and used for authorizing transactions through your EmirateFi Wallet.
Slippage means an event that is caused by an increase in volatility or volume. All types of Swap transactions are generally executed at a price deviating to a limited extent when compared to the announced price, as indicated on the EmirateFi DeFi Platform and subject to revision from time to time at our sole discretion.
Supported Blockchain Network means any of the blockchain networks indicated on the EmirateFi DeFi Platform.
- Transaction History means the history of your transactions and all the details about the Digital Assets in your EmirateFi Wallet.
III. EMIRATEFI WALLET
The EmirateFi Wallet is comprised of the following features:
1.1. Exchange of Digital Assets (“Swap”) – a platform providing you access to DEX Aggregator Protocols on the Supported Blockchain Networks, facilitating the execution of your Swap transactions;
1.2. NFTs – a library providing an overview of the NFTs that you own and allowing you to view stored NFT properties;
1.3. Storing and Transferring – a feature allowing you to manage your transactions (receive, store, and transfer Digital Assets) and providing a log indicating the status of your transactions;
1.4. Earn – a feature that enables you to provide Digital Assets to third-party decentralized lending protocols (the “Lending Protocol”) in order to benefit from passive yield opportunities offered by such protocols.
The EmirateFi Wallet offers access to the following services (“Services”):
2.1. Setup and use of an on-chain identity management network;
2.2. Importing multiple existing third-party Non-Custodial Wallets that you own into your EmirateFi Wallet in order to utilize the Digital Assets stored within them;
2.3. Enabling you to access various decentralized exchange aggregators, launched on Supported Blockchain Networks, to stake and swap supported fungible Digital Assets;
2.4. Enabling you to store and transfer Digital Assets;
2.5. Enabling you to access decentralized applications (Dapps) and decentralized exchanges (DEXs).
The EmirateFi Wallet is a smart contract deployed on-chain that supports and allows access to multiple blockchains and blockchain-based products, offering secure, private access through the use of a paired Signer. The EmirateFi Wallet—along with certain features, Services, or supported Digital Assets—may not be available to all users, depending on eligibility, geographic restrictions, or other limitations, as indicated within the EmirateFi Wallet interface and on the EmirateFi DeFi Platform.
IV. ELIGIBILITY AND ACCESS
In order to be eligible for setting up and operating an EmirateFi Wallet, all of the following conditions must be met:
1.1. You are not a resident, located, organized, or operating in comprehensively sanctioned jurisdictions, areas, or regions, and are not otherwise subject to targeted sanctions according to the up-to-date lists maintained by the U.S. Office of Foreign Assets Control (OFAC), the United Nations, the European Union, any EU Member State, or HM Treasury. EmirateFi maintains a zero-tolerance policy toward money laundering, terrorism financing, fraudulent activities, and other financial crimes;
1.2. You are not identified as a “Specially Designated National” and are not listed on the U.S. Commerce Department’s Denied Persons List;
1.3. You are not a citizen or resident of the United States of America, United Kingdom, or any other jurisdiction where EmirateFi has prohibited or restricted access to the EmirateFi Wallet;
1.4. You are at least 18 years old, or of legal age (whichever is greater) in your jurisdiction, and have the full legal capacity to agree to these General Terms;
1.5. You are the exclusive beneficial and/or legal owner of any Digital Assets deposited or to be deposited into your EmirateFi Wallet;
1.6. You are the beneficial owner of your EmirateFi Wallet and do not act on behalf of or represent any other individual or legal entity, nor do you impersonate any other person, operate under an alias, or conceal your identity in any way.
By entering into these General Terms, you acknowledge and confirm that you meet all of the above conditions. If it is later determined that you do not or no longer meet these requirements, EmirateFi may suspend or terminate your access to the EmirateFi Wallet and Services.
EmirateFi reserves the right, at its sole and absolute discretion, to refuse the creation of an EmirateFi Wallet for any user, and therefore deny access to the Services offered through the EmirateFi DeFi Platform.
You agree to obtain all necessary hardware and to install appropriate software, including security and antivirus programs, required for the use of the EmirateFi Wallet in accordance with these General Terms. You are solely responsible for safeguarding your device and maintaining control over your private keys, codes, and recovery phrase, and for any access to or use of your EmirateFi Wallet from your device—whether authorized by you or not. EmirateFi shall not be liable for any loss or damage resulting from such access.
EmirateFi stores only your EmirateFi Wallet address. We do not store or have access to your private keys, codes, or recovery phrase. As such, EmirateFi cannot assist in recovering access to your wallet. In the event of your passing, if your legal representative, heir, or successor does not have the relevant access credentials, EmirateFi will be unable to provide access, and your wallet and its contents may become permanently inaccessible.
FAILURE TO SAFEGUARD YOUR EMIRATEFI WALLET OR TO RETAIN YOUR ACCESS DETAILS, INCLUDING PRIVATE KEYS OR RECOVERY PHRASE, MAY RESULT IN THE PERMANENT LOSS OF ACCESS TO YOUR EMIRATEFI WALLET AND THE DIGITAL ASSETS STORED WITHIN IT.
V. IDENTITY
In order to make use of the EmirateFi Wallet, you must first create and deploy an Identity. Your Identity is a smart contract paired with your Non-Custodial Wallet, which serves as a Signer. You understand and acknowledge that your Identity becomes active only on a specific blockchain network, meaning the smart contract is deployed on that network following your first transaction, which may result in on-chain transaction fees. All of your interactions with Web3 Dapps are executed through your Identity.
You may deploy multiple Identities, and you may pair multiple External Non-Custodial Wallets that you own to a single Identity. However, each External Non-Custodial Wallet may only be paired with one Identity at a time. Once an External Non-Custodial Wallet is connected to an Identity, it becomes permanently bound to that Identity—unless and until EmirateFi provides functionality to unlink them in the future. Each additional External Non-Custodial Wallet may be discarded or replaced, as indicated on the EmirateFi DeFi Platform.
The deployment of an Identity involves an on-chain transaction and therefore incurs standard gas fees. Except on the Ethereum blockchain, EmirateFi may choose to cover the gas fees for Identity deployment as a promotional offering, which is subject to suspension or change at any time at EmirateFi’s sole and absolute discretion.
All transactions initiated through your Identity require authorization via your paired Signer (i.e., your connected Non-Custodial Wallet).
Digital Assets held within your Identity or any connected Non-Custodial Wallet may be used to initiate Swap transactions. Digital Assets received from Swap transactions may be stored in the source address or directed to another address, based on your configuration.
VI. ON-CHAIN FEES AND CHARGES
You understand and acknowledge that all on-chain transactions incur Gas fees upon execution. Before submitting a transfer or a Swap transaction, the EmirateFi Wallet will present you with an estimated Gas fee required to complete the transaction. The EmirateFi Wallet will initially pay these Gas fees on your behalf, and upon completion, will deduct the actual Gas fee from the amount transacted.
You may also incur additional charges from relevant third-party services or protocols, including but not limited to Dapps accessed via the EmirateFi Wallet. While EmirateFi may facilitate the collection of such fees as part of transaction execution, these charges are not imposed by EmirateFi in relation to its own Services on the EmirateFi DeFi Platform.
VII. SWAP TRANSACTIONS
The EmirateFi Wallet provides you with access to decentralized exchanges (DEXs) via DEX Aggregator Protocols and Dapps, allowing you to execute Swap transactions using the Digital Assets stored in your EmirateFi Wallet.
A Swap transaction refers to the exchange of one Digital Asset for another, based on the market rate for a specific Trading Pair, as determined by the underlying decentralized exchange.
Because these Swap transactions are facilitated through third-party decentralized exchanges operating on supported blockchain networks, Gas fees will apply.
You may also incur additional transaction fees from the Dapp or protocol used to conduct the Swap. These fees are determined and governed by the terms and policies of the respective third-party DEX.
When performing a Swap, you can choose from multiple Supported Blockchain Networks, each offering aggregated liquidity pools through third-party decentralized exchanges.
You understand and accept that Swap transactions are subject to Slippage, which can affect the final amount of the Counter Digital Asset you receive. You must set a Slippage tolerance, and the EmirateFi Wallet will only execute a Swap transaction if the resulting Slippage remains within your specified tolerance.
VIII. STORING AND TRANSFERRING DIGITAL ASSETS
The EmirateFi Wallet enables you to receive, store, and transfer Digital Assets. You can authorize transactions using your paired Signer, allowing you to utilize stored assets for EmirateFi Services and supported Dapps.
You are solely responsible for ensuring that:
(i) you are using the correct EmirateFi Wallet address when transferring Digital Assets;
(ii) the Digital Assets being sent are approved and supported by EmirateFi and not subject to restrictions as listed on the EmirateFi DeFi Platform.
Transfers to an incorrect address, or of unsupported/restricted assets, may result in the irreversible loss of your Digital Assets. EmirateFi bears no responsibility for such losses.As a non-custodial, on-chain wallet, all transactions are automated and final once confirmed. EmirateFi cannot reverse, cancel, or verify recipients on your behalf. You are fully responsible for verifying all transaction details before authorizing transfers.
EmirateFi has no control over and disclaims any liability for the quality, delivery, or legality of services or goods obtained through on-chain interactions with third parties. Any disputes arising from such transactions must be resolved directly with the third party involved.
Your NFTs may be subject to external platform or marketplace terms, which may affect their use, storage, and transfer. It is your responsibility to ensure compliance with these third-party terms.
You represent and warrant that you hold the necessary rights to use, store, transfer, and display your NFTs and that such actions do not infringe on third-party rights or violate any laws.
When transferring NFTs from your EmirateFi Wallet, you are responsible for confirming that the recipient address supports NFTs and is compatible with the relevant NFT standards supported on the EmirateFi DeFi Platform. EmirateFi will not be liable for lost NFTs due to non-compatible addresses.
In the event that your access to the EmirateFi Wallet is suspended (see Section XVI.3), your Identity will no longer interact with the Wallet or its Services. However, your Identity and its contents will remain accessible, and you will be able to retrieve your Digital Assets via your External Non-Custodial Wallet.
IX. EARN
The EmirateFi Wallet enables access to whitelisted decentralized Lending Protocols, which may accept liquidity via Digital Asset deposits into published Pools. These protocols may compensate depositors with interest or rewards in Digital Assets.
EmirateFi retains full discretion over which Lending Protocols are made available through the platform. The number, duration, and currency of Pools are determined by the underlying protocol, and EmirateFi makes no guarantees regarding Pool availability or yield.
EmirateFi does not take custody of deposited Digital Assets. All deposits and withdrawals are executed as on-chain transactions directly between you and the Lending Protocol. Interest and rewards are determined and distributed solely by the protocol.
You can deposit Digital Assets from:
a) your Identity,
b) a connected External Non-Custodial Wallet, or
c) an unconnected wallet.
Once deposited, the designated Pool is credited net of any Gas fees, and EmirateFi may enforce a minimum deposit threshold.Withdrawals of deposits and accrued interest/rewards can be made at any time to:
a) your Identity,
b) a connected External Non-Custodial Wallet, or
c) an unconnected wallet.
Withdrawals are subject to Gas fees and any platform withdrawal fees, as outlined in the EmirateFi Wallet Help Center.
X. RISK DISCLOSURE
Digital Assets are highly volatile, significantly more so than traditional fiat currencies and other assets. This volatility can result in substantial losses within short timeframes. EmirateFi makes no guarantees regarding the actual or perceived value of any Digital Asset and disclaims any responsibility for the reliability, suitability, or accuracy of data presented via the EmirateFi platform. You should carefully evaluate whether holding or transacting in Digital Assets aligns with your financial situation.
Digital Assets are not legal tender, are typically not backed by any government or central bank, and often lack intrinsic value, underlying assets, or revenue-generating mechanisms.
The regulatory environment surrounding Digital Assets remains uncertain, varies widely between jurisdictions, and is subject to ongoing change. Legal or regulatory developments could impact the use, transfer, exchange, or value of Digital Assets, and may affect EmirateFi Wallet functionality. The value of Digital Assets is frequently based on market participant interest, which can disappear entirely—potentially resulting in total loss of value.
Some Digital Asset transactions are only considered valid once recorded on a public blockchain ledger, which may differ from the time you initiated the transaction. Ownership and settlement are based on decentralized systems and cannot typically be reversed or canceled.
The decentralized and digital nature of these assets presents heightened risks of fraud, hacking, and accidental loss. Losses due to such incidents are usually irrecoverable.
EmirateFi does not offer investment advice. Any information made available via EmirateFi should not be used as a basis for making financial or investment decisions.
You are solely responsible for determining whether the use of the EmirateFi Wallet is legal in your jurisdiction. If its use is prohibited or uncertain, you should seek independent legal advice and refrain from using the Wallet.
You understand and agree that you use the EmirateFi Wallet and its Services at your own risk. This section is not exhaustive and does not cover all risks related to Digital Assets or DeFi usage. Carefully assess whether such activities are suitable for you.
Nothing within these General Terms or any available feature of the EmirateFi Wallet constitutes a prospectus or securities offering. EmirateFi makes no claims about the legal or regulatory status of any Digital Asset, nor does it attempt to register its protocols under any regulatory framework. No communication from EmirateFi constitutes investment advice or a recommendation.
Engaging with third-party protocols and platforms (“Available Protocols”) through EmirateFi involves inherent risks beyond EmirateFi’s control. You must evaluate and accept these risks before participating. These include, but are not limited to:
10.1. Partial or total loss of Digital Assets or value;
10.2. Liquidity collapse affecting one or more assets;
10.3. Compatibility issues between Digital Assets and protocols;
10.4. Changes to EmirateFi Terms or third-party protocol terms;
10.5. Regulatory action or uncertainty;
10.6. Volatile transaction fees or unpredictable parameters;
10.7. Market misconduct including:
• Insider trading,
• Front-running,
• Market manipulation;
10.8. Delayed or failed transaction confirmations;
10.9. Counterparty risks;
10.10. Technical vulnerabilities in DeFi protocols or related technologies;
10.11. Infrastructure failure (e.g., internet, platform outages, technological obsolescence);
10.12. Malicious attacks on protocols or technologies, such as:
• DDoS,
• Sybil attacks,
• Phishing and social engineering,
• Malware and hacking,
• Double-spending or consensus attacks,
• Forks,
• Spoofing and misinformation campaigns.
