Welcome to Zipper, a decentralized asset-wrapping platform built on the Polyester blockchain. These Terms of Service ("ToS" or "Agreement") govern your access to and use of Zipper’s services ("Services"). Zipper is developed by Fabric Blockchain Labs, Inc., a Delaware corporation located at 2980 NE 207th St, Suite 336, Aventura, FL 33180 ("Company," "we," "us," or "our"). By accessing or using Zipper, you ("User," "you," or "your") agree to be bound by this Agreement. If you do not agree, you must not use the Services.
1. Overview of Zipper
Zipper enables you to deposit native assets (e.g., BTC, ETH, LTC, ERC-20 tokens) into decentralized, Multi-Party Computation (MPC)-secured vaults controlled by the Zipper protocol. Upon detecting a deposit, Zipper automatically mints equivalent "Zipped Assets" on the Polyester blockchain (e.g., zBTC, zETH), which are sent to your non-custodial wallet. Zipper operates as a fully decentralized, non-custodial platform, meaning no human or organization, including the Company, takes custody of your assets at any point. Governance is managed by Polyester blockchain validator nodes through a process of progressive decentralization, ensuring community-driven control.
2. User Eligibility
- Be at least 18 years old or the age of majority in your jurisdiction, whichever is greater.
- Have the legal capacity to enter into this Agreement.
- Not be prohibited from using the Services under applicable laws or sanctions lists, including the U.S. Office of Foreign Assets Control (OFAC) list.
3. Account Setup and Wallet Connection
4. Services
5. Risks
6. Asset Custody
Zipper is non-custodial. Assets you deposit are stored in decentralized, MPC-secured vaults using key-sharding and distributed-key management (via Cubist), ensuring no single party, including the Company, controls or views them. After minting, Zipped Assets are sent to your wallet, and you retain full custody. If you lose access to your wallet or private keys, Zipper cannot recover your Zipped Assets. You bear sole responsibility for their safekeeping.
7. Compliance and Restrictions
- OFAC Screening: Wallet addresses are screened via TRM Labs to ensure compliance with OFAC sanctions. Access may be denied if your wallet is associated with a sanctioned entity.
- IP Blocking: While there are no explicit geographic restrictions, Zipper may implement IP-based blocking to comply with legal or operational needs.
8. Fees and Limits
- Fees: Zipper charges no operational fees. You are responsible only for blockchain gas fees on Polyester and native networks during deposits and withdrawals.Limits: There are no minimum or maximum transaction limits unless explicitly stated on the deposit page for a specific asset.Gas fees vary based on network conditions and are payable in $FAB for Polyester transactions.
9. Security and Transparency
10. Jurisdiction
Zipper operates fully onchain, governed by Polyester blockchain consensus rules, and has no centralized jurisdictional control. However, for legal purposes, this Agreement is governed by the laws of the State of Delaware, USA, where Fabric Blockchain Labs, Inc. is incorporated. Disputes arising from this Agreement will be subject to Delaware jurisdiction, though onchain operations remain decentralized.
11. User Responsibilities
- Secure your non-custodial wallet and private keys, understanding that loss of keys results in permanent loss of Zipped Assets.
- Verify deposit addresses and transaction details to prevent errors.
- Comply with all applicable laws and regulations.
- Refrain from illegal activities, including money laundering, fraud, or disrupting Zipper’s operations.
- Accept all risks outlined in Section 5.
12. Limitation of Liability
13. No Warranties or Insurance
Zipper is provided "as is" and "as available," with no warranties, express or implied, regarding uptime, performance, or security. We do not guarantee that the Services will be uninterrupted, error-free, or free from hacks. Zipper does not provide insurance or protections against asset loss due to blockchain errors, hacks, or security vulnerabilities. You use Zipper at your own risk.
14. Transaction Finality
All transactions on Zipper are processed onchain and are irreversible once confirmed by the Polyester blockchain. Zipper cannot reverse, refund, or modify transactions due to their decentralized and final nature.
15. Privacy
Zipper collects minimal data, primarily wallet addresses for OFAC screening via TRM Labs. Our data practices are detailed in our separate Privacy Policy, available at [insert link]. We do not share personal data with third parties except as required for compliance or security purposes.
16. Third-Party Services
Zipper integrates with third-party services (e.g., Cubist for key management, TRM Labs for compliance). Use of these services is at your own risk, and we are not responsible for their performance, security, or availability.
17. Intellectual Property
All content, code, and branding related to Zipper are owned by Polyester Blockchain Labs, Inc. and protected by applicable law. You may not reproduce, modify, or distribute them without our written consent.
18. Termination
We may suspend or terminate your access to Zipper at any time, without notice, for any reason, including suspected violations of this Agreement or legal requirements. Upon termination, you retain control of your Zipped Assets in your wallet, but we are not responsible for any losses due to suspension.
19. Amendments
We may update this ToS at our discretion. Changes will be posted, and your continued use of Zipper constitutes acceptance of the updated terms.
20. Indemnification
You agree to indemnify and hold harmless Fabric Blockchain Labs, Inc., its affiliates, and Polyester validators from any claims, losses, or damages arising from your use of Zipper or violation of this Agreement.
21. Force Majeure
We are not liable for delays or failures in performance due to events beyond our control, including natural disasters, wars, or blockchain network disruptions.
22. Severability
If any provision of this Agreement is found invalid or unenforceable, the remaining provisions will remain in full force and effect.
23. Contact Us
For questions about this ToS, contact us at:Fabric Blockchain Labs, Inc.2980 NE 207th St, Suite 336Aventura, FL 33180Email: [fabric@labs.com]
