Terms and Conditions

Last updated October 8, 2026

These terms govern your access to the Derrax website and interface. By using them, you agree to these terms. If you do not agree, do not use the website or interface.

1. What Derrax is

Derrax is an interface to a set of non-custodial smart contracts that let participants pool ETH, USDG, or tokenized stocks into vaults that acquire NFTs. Derrax does not take custody of assets, does not act as a broker, exchange, adviser, or fiduciary, and does not execute transactions on your behalf.

2. Eligibility

You must be at least 18 years old and legally able to enter into these terms. You may not use Derrax if you are located in, or a resident of, a jurisdiction where its use is prohibited, or if you are subject to sanctions.

3. Your wallet and transactions

You are solely responsible for your wallet, private keys, and every transaction you sign. Blockchain transactions are irreversible. We cannot recover lost keys, reverse transactions, or restore assets sent to the wrong address.

4. Vault mechanics

Vault rules are enforced by smart contracts, including the 30-day lock on purchased NFTs, the restriction on share transfers during that lock, buyouts at each holder's entry basis, and sales that require signatures representing at least 80% of shares. Contract behaviour prevails over any description on this website.

5. Risks

Using Derrax involves significant risk, including smart contract bugs, exploits, oracle or bridge failures, volatile and illiquid NFT prices, variable or negative yield, stablecoin depegs, tokenized stock issuer risk, and changes in law. Derrax relies on third-party protocols, including Morpho, Uniswap, Longbow, Relay, LayerZero, and OpenSea, which we do not control. You may lose all of the assets you commit.

6. No advice

Nothing on the website is financial, investment, legal, or tax advice, or an offer to buy or sell any security, token, or asset. Any example figures are illustrative only.

7. Prohibited use

You agree not to use Derrax for unlawful activity, market manipulation, money laundering, sanctions evasion, or to interfere with or attack the website, contracts, or other users.

8. Fees

Network fees, marketplace fees, bridge fees, and any protocol fees are shown or determined at the time of the transaction and are your responsibility.

9. Intellectual property

The Derrax name, logo, and website content are owned by their respective owners. NFT artwork and collection names shown on this site belong to their creators and are displayed for identification only.

10. Disclaimer of warranties

The website, interface, and contracts are provided “as is” and “as available”, without warranties of any kind, express or implied, including merchantability, fitness for a particular purpose, and non-infringement.

11. Limitation of liability

To the fullest extent permitted by law, Derrax and its contributors are not liable for any indirect, incidental, special, consequential, or punitive damages, or for any loss of assets, profits, data, or goodwill, arising from your use of the website, interface, or contracts.

12. Indemnity

You agree to indemnify and hold harmless Derrax and its contributors from claims arising from your use of Derrax or your breach of these terms.

13. Changes

We may update these terms. Continued use after an update means you accept the revised terms. The date at the top shows when they last changed.

14. Contact

Questions can be sent to @derraxworld on X. See also the Privacy Policy.