Terms of Use

thegavel.io Interface

Version: v1.0 · Effective date: 19 July 2026

These Terms of Use govern access to and use of the web interface available at www.thegavel.io and the corresponding production domain thegavel.io (the “Interface”). The Interface is operated by ALETHEIA ANALYTICS, a French simplified joint-stock company with a sole shareholder (société par actions simplifiée à associé unique), with share capital of EUR 1,000, registered with the Paris Trade and Companies Register under number 107 152 662 R.C.S. Paris, whose registered office is located at 173 rue de Courcelles, 75017 Paris, France (“Aletheia”).

Contact: contact@thegavel.io.

The Interface is distinct from the open-source and permissionless software known as The Gavel Protocol (the “Protocol”), from the informational website thegavelprotocol.org, and from Aletheia’s paid data, analytics and API products. Those elements are governed by separate documents as described below.

1. Purpose and scope

1.1. These Terms form the contract between Aletheia and each person who accesses or uses the Interface (the “User”). They apply to the production Interface at thegavel.io and www.thegavel.io. They also apply, with the adaptations required by its test environment, to testnet.thegavel.io, unless a testnet-specific notice states otherwise.

1.2. These Terms govern only Aletheia’s provision of the Interface. They do not govern direct interaction with the Protocol’s smart contracts, the open-source code, the informational website thegavelprotocol.org, or any third-party interface, wallet, network, protocol, token, bridge, block explorer or service.

1.3. Subscriptions to Aletheia’s data, analytics or API products, including any payment processed through Stripe, are outside the scope of these Terms and are governed by separate B2B, API or data subscription terms.

1.4. The following documents supplement these Terms: the Protocol Risk Disclaimers, the Token Curation Methodology, the Privacy Policy and the Legal Notice. In the event of inconsistency, these Terms prevail for the contractual use of the Interface, while the Risk Disclaimers prevail as the detailed description of Protocol-related risks.

Risk Disclaimers: /legal/risk-disclaimers
Token Curation Methodology: /legal/curation-methodology
Privacy Policy: /legal/privacy
Legal Notice: /legal/mentions-legales

2. Definitions

2.1. “Aletheia” means ALETHEIA ANALYTICS, the operator of the Interface.

2.2. “Interface” means the web application operated by Aletheia at thegavel.io, www.thegavel.io and, where relevant, testnet.thegavel.io.

2.3. “Protocol” means the open-source smart contract system known as The Gavel Protocol, deployed on Arbitrum One and accessible independently of the Interface.

2.4. “Curation Layer” means the ListingService and NFTListingService contracts and the associated interface-level asset lists and parameters administered in accordance with the Token Curation Methodology.

2.5. “PositionNFT” means any tokenised representation of a borrower or lender position generated by the Protocol, including PositionNFT and NFTPositionNFT where applicable.

2.6. “Wallet” means a self-hosted or third-party digital wallet used by the User to connect to the Interface and sign blockchain transactions.

2.7. “Restricted Person” means any person who is a U.S. Person, is located in the United States, is subject to applicable economic or financial sanctions, is located in a jurisdiction in which use of the Interface would be unlawful, or is acting on behalf of any such person.

3. Acceptance and evidence of agreement

3.1. Before accessing transactional functions, the User must connect a Wallet and complete the acceptance module displayed by the Interface. The User must expressly confirm that the User has read and accepted these Terms and the Risk Disclaimers, understands the experimental nature of the software, and satisfies the eligibility and territorial conditions set out below.

3.2. Acceptance is recorded locally on the User’s device. Clearing browser storage, changing browser, device or Wallet, or certain updates to the Interface may require the User to accept the applicable documents again. Aletheia does not represent that local storage constitutes identity verification or a permanent account record.

3.3. If the User does not accept these Terms or any required declaration, the Wallet is disconnected from the Interface and the transactional functions are unavailable. The User may still access the Protocol directly, independently of Aletheia, subject to the User’s own legal and technical responsibility.

3.4. The User may download or print the version of these Terms in force at the time of acceptance. Where generated or lawfully retained, Wallet signatures, local acceptance records, the version and timestamp of acceptance, public blockchain records and technical logs may be used as evidence to the extent permitted by applicable law. The current local-storage mechanism does not create a user account and does not constitute identity verification.

4. Eligibility, U.S. Persons and restricted jurisdictions

4.1. The Interface may be used only by persons who are at least eighteen (18) years old, have full legal capacity, and are legally permitted to use the Interface and engage in the contemplated transactions in their jurisdiction.

4.2. The Interface is not offered to, and may not be accessed or used by, any Restricted Person. In particular, the User represents and warrants on an ongoing basis that the User:

is not a U.S. Person and is not physically located in the United States;
is not subject to any asset freeze, sanctions designation, embargo or other restrictive measure applicable to the User or Aletheia;
is not located in, ordinarily resident in, incorporated in, or acting from a jurisdiction in which access to or use of the Interface is unlawful;
is not accessing or using the Interface for, on behalf of, or for the benefit of a Restricted Person; and
will not use a virtual private network, proxy, false statement or other means to conceal a location or status in order to circumvent these restrictions.

4.3. Aletheia does not implement IP-based geoblocking as of the Effective Date. The absence of IP-based geoblocking does not waive or limit the contractual restrictions in this Article. The User remains solely responsible for the accuracy of the User’s declarations and for compliance with all applicable laws.

4.4. Aletheia may restrict, suspend or terminate access to the Interface if it reasonably believes that a User has breached this Article, without affecting the permissionless nature of the Protocol or the User’s ability to interact directly with the Protocol where technically and legally possible.

5. Description of the Interface

5.1. The Interface provides a graphical and technical means of preparing interactions with the Protocol. At launch, the Interface may allow the User to:

create a loan auction;
deposit and withdraw collateral where permitted by the Protocol state;
place a bid in an auction;
cancel an auction where permitted by the Protocol rules;
repay a loan;
claim or recover collateral where permitted by the Protocol rules;
list a borrower or lender PositionNFT for sale; and
purchase a PositionNFT on the secondary market.

5.2. The Interface does not operate an off-chain order book, matching engine or discretionary execution system. Auctions, bids, finalisation, settlement, repayment and transfers are performed by the Protocol’s smart contracts according to their deployed code and the transactions signed by Users.

5.3. The Interface does not create a user account, custody account or hosted Wallet. The User connects an external Wallet through wallet-connection software, including RainbowKit or any replacement integration selected by Aletheia.

5.4. Aletheia may modify, add, remove, suspend or discontinue interface functions at any time for legal, security, technical, operational or commercial reasons. The availability of a function through the Interface does not guarantee that the corresponding Protocol action will be available, executable or successful on-chain.

6. Distinction between the Interface, the Protocol and the informational website

6.1. The Protocol is open-source, permissionless software authored by Jamie Frame in his personal capacity and deployed independently on Arbitrum One. It has no operating entity. The Protocol remains technically accessible through direct smart contract interaction without using the Interface.

6.2. Aletheia operates the Interface but does not operate, own or control the permissionless Protocol as a whole. Subject to the limited administrative permissions described in Article 10, Aletheia cannot modify the Protocol's immutable business logic, reverse blockchain transactions, alter existing loan terms or balances, or prevent direct interaction with the Protocol.

6.3. The informational website thegavelprotocol.org is separate from the Interface. It contains information about the open-source Protocol and is published by Jamie Frame in his personal capacity as author of the software. It is not operated by Aletheia and is not governed by these Terms.

6.4. The domain thegavel.finance is being withdrawn and may redirect to thegavelprotocol.org. It is not a contractual access point for the Interface.

6.5. The canonical deployed contracts and verified-source links are identified in the public Protocol repository at:

https://github.com/JamieFrame/The-Gavel-Protocol/blob/main/docs/deployed-contracts.md

7. On-chain state, relationships between participants and automatic smart contract effects

7.1. For the technical operation and outcome of any blockchain transaction, the deployed smart contract code, the transaction data submitted by the User and the confirmed on-chain state are authoritative. Information displayed by the Interface is provided for convenience and may be delayed, incomplete, cached or affected by a display or indexing error. This clause does not exclude any mandatory legal right and does not, by itself, determine the legal classification of an asset, transaction or relationship.

7.2. Each User decides whether to submit and sign a transaction. Loans, bids, repayments, collateral deposits and claims, PositionNFT listings, purchases and transfers are created or performed directly through the Protocol between the relevant participants in accordance with the smart contract code. Merely providing the Interface does not make Aletheia a party to, intermediary for, guarantor of, escrow agent for, trustee of or representative in relation to those transactions.

7.3. Where Aletheia participates in the Protocol for its own account, Aletheia acts solely as principal and as a separate on-chain participant. In that capacity, Aletheia may become a lender, borrower, seller, purchaser or economic counterparty in respect of a particular position, but does not act for or on behalf of another User.

7.4. The Protocol may apply consequences automatically when the conditions encoded in the smart contracts are met. Depending on the relevant position and Protocol state, expiry, non-repayment, default, the end of a grace period or another on-chain event may make collateral claimable or transferable, prevent an action, permit another participant to exercise a right, or otherwise affect a position without prior notice, approval or discretionary decision by Aletheia.

7.5. The User is responsible for monitoring the confirmed on-chain state, maturities, grace periods, repayments, collateral and PositionNFT status. Interface notifications, reminders or estimates, if any, are supplementary only and must not be relied upon as the sole means of monitoring a position.

7.6. Before signing a transaction or acting on information displayed by the Interface, the User should verify the relevant information through the User's Wallet, a reputable block explorer, the public deployed-contract documentation and, where appropriate, direct smart contract read functions.

8. Wallet connection, signatures and no custody

8.1. The User retains sole control of the User’s Wallet, private keys, seed phrase, devices, transaction approvals and assets. Aletheia does not receive, hold, safeguard, administer or control the User’s private keys or digital assets.

8.2. The Interface may prepare transaction data for review by the User. A transaction occurs only if the User validates and signs it through the User’s Wallet and the transaction is accepted by the relevant blockchain network.

8.3. The User must verify, before signing, the network, smart contract address, token, amount, collateral, duration, maturity, bid parameters, recipient, approvals, fees and all other transaction details. The User is solely responsible for every signature and transaction submitted through the Wallet.

8.4. Blockchain transactions are generally irreversible. Aletheia cannot cancel, amend, reverse, recover or compensate a transaction, approval, transfer or loss caused by a User error, compromised Wallet, malicious signature, wrong address, wrong network or third-party service.

8.5. The User must maintain adequate access to the Wallet and should be able to interact directly with the Protocol when necessary. Interface unavailability does not suspend loan maturities, grace periods, auctions or other on-chain deadlines.

9. Curation Layer and available assets

9.1. The Interface reads the Curation Layer’s on-chain lists and displays only the assets and collections listed there. The Interface does not provide a function allowing Users to enter an arbitrary token address.

9.2. At launch, the Interface displays WBTC as the collateral token and USDC and USDT as loan tokens. WETH and DAI are not listed at launch and may be evaluated later in accordance with the Token Curation Methodology.

9.3. The NFT-backed lending functions are deployed and may be visible, but they are disabled through the Interface until at least one NFT collection has been reviewed and listed in the Curation Layer. No NFT collection is listed at launch.

9.4. Listing, delisting, suspension or display of an asset is an interface-level technical curation decision. It is not an endorsement, investment recommendation, credit assessment, guarantee of safety, liquidity, value, legality, solvency or suitability.

9.5. A change to the Curation Layer does not necessarily affect existing Protocol positions and does not prevent direct Protocol interaction with non-listed assets where technically possible. Users must review the applicable methodology and on-chain state before each transaction.

10. Limited residual administrative permissions

10.1. The deployed contracts are immutable at the business-logic level and do not contain an upgrade function. Certain limited operational permissions nevertheless remain available where implemented in the relevant contract. These may include emergency pause or unpause functions, management of curation lists and fee parameters in ListingService and NFTListingService, and setBaseURI functions relating only to PositionNFT metadata.

10.2. At the Effective Date, the relevant ownership or administrative permissions are exercised through a two-of-three multisignature Safe identified in the public deployed-contract documentation. The persons or addresses participating in that Safe, and the allocation or transfer of administrative responsibility, may change in accordance with the applicable governance and corporate arrangements.

10.3. These permissions do not permit Aletheia or any Safe signatory to change the Protocol's immutable business logic, rewrite the terms of an existing loan, alter a User's balance, transfer a User's assets without a transaction authorised by the applicable smart contract rules, reverse a confirmed blockchain transaction or guarantee recovery of assets.

10.4. An emergency pause, where available and validly activated, may temporarily prevent certain smart contract functions whether accessed through the Interface or directly. A pause does not rewrite completed transactions or remove the need for Users to monitor their positions and take any action available to them when functions resume.

10.5. A curation, delisting, fee-parameter or metadata decision may affect what the Interface displays or which new interactions are available through the Curation Layer. It does not constitute a financial recommendation and, unless the smart contract code expressly provides otherwise, does not modify the terms of a position already created.

10.6. Any planned reduction, transfer or renunciation of an administrative permission is an operational objective rather than a guarantee of timing or completion. Users must review the current on-chain ownership and permissions before relying on any governance description.

11. Experimental software and risk acknowledgement

11.1. The Interface and the Protocol are experimental technologies. Use involves substantial and potentially unforeseeable risks, including total or partial loss of digital assets. The User must not use funds that the User cannot afford to lose.

11.2. Before using any transactional function, the User must read the Risk Disclaimers. The Risk Disclaimers describe, among other matters, smart contract, network, market, default, counterparty, liquidity, Wallet, approval, token, stablecoin, NFT, PositionNFT, secondary market, tax, sanctions, phishing and interface risks.

11.3. Contextual warnings and a parameter-confirmation step may be displayed before sensitive signatures. Such warnings do not replace the User’s own review and do not create any duty for Aletheia to assess the transaction, the User’s circumstances or the suitability of any action.

11.4. The existence of an external audit does not constitute a warranty, certification, insurance policy or guarantee. The public Sherlock collaborative audit finalised on 15 April 2026 is available at:

https://github.com/JamieFrame/The-Gavel-Protocol/blob/main/docs/audit/2026-04-15-Sherlock-Collaborative-Audit.pdf

11.5. Protocol security issues should be reported through the responsible disclosure channel at security@thegavelprotocol.org. General questions concerning the Interface should be sent to contact@thegavel.io.

12. Aletheia’s own-account activity

12.1. Aletheia may interact with the Protocol for its own account, as principal, using its own assets and dedicated Wallets. In doing so, Aletheia may create auctions, place bids, hold or transfer positions and become the economic counterparty of other Protocol participants.

12.2. Aletheia’s own-account activity does not create any mandate, agency, fiduciary duty, brokerage relationship, custody relationship, financing commitment, credit commitment, liquidity obligation, best-execution obligation, rate commitment or guarantee in favour of any User.

12.3. Users must not assume that Aletheia will participate in any auction, place any bid, purchase or sell any position, refinance any loan, maintain any market, provide liquidity or take any step to prevent or reduce a User’s loss.

12.4. Potential conflicts between Aletheia’s own-account positions and interface-level curation decisions are governed by Aletheia’s internal policies and the published Token Curation Methodology. The User remains responsible for making an independent decision.

13. Fees, gas and third-party costs

13.1. Aletheia does not charge Users a fee for accessing the Interface or initiating on-chain interactions through it as of the Effective Date.

13.2. The User remains responsible for blockchain gas fees, Wallet-provider charges, bridge costs, token fees, taxes and any other third-party or network costs. Such costs are not received or controlled by Aletheia.

13.3. Any future Aletheia fee applicable to the Interface would require prior disclosure and, where appropriate, an updated contractual and regulatory framework. Paid data and API subscriptions are governed separately and are not Interface-use fees.

14. No advice, intermediation or regulated service to Users

14.1. The Interface is a non-custodial technical interface. Aletheia does not, through the Interface, receive or transmit User orders, execute transactions for the account of Users, provide custody, manage portfolios, provide personalised advice, guarantee execution or operate an off-chain matching system.

14.2. Aletheia does not act as a lender, borrower, credit intermediary, broker, agent or representative for a User merely because the User accesses the Interface. Nothing in the Interface or these Terms constitutes an offer by Aletheia to provide credit or lending services to Users.

14.3. Information, rates, indicators, displays, data and documentation made available through the Interface are general and technical in nature. They do not constitute financial, investment, legal, tax, accounting, credit or other personalised advice, nor a recommendation to borrow, lend, buy, sell, hold or transfer any asset or position.

14.4. The User must obtain independent professional advice where appropriate and is solely responsible for determining whether any activity is lawful and appropriate in the User’s jurisdiction and circumstances.

15. User obligations

15.1. The User agrees to:

use the Interface only for lawful purposes and in accordance with these Terms;
provide accurate declarations in the acceptance module and keep them true throughout use;
protect the User’s Wallet, private keys, seed phrase, devices and access credentials;
independently verify all smart contract addresses, token addresses and transaction parameters;
monitor auctions, maturities, grace periods, repayments and positions without relying on reminders;
pay all gas fees, taxes and costs arising from the User’s activity;
comply with applicable sanctions, anti-money laundering, tax, market conduct and other laws; and
promptly cease using the Interface if use becomes unlawful or if the User no longer satisfies the eligibility conditions.

15.2. The User must not disclose a seed phrase, private key or other secret to Aletheia. Aletheia will not request such information.

16. Prohibited conduct

16.1. The User must not:

use the Interface for fraud, money laundering, sanctions evasion, terrorist financing, theft, market manipulation or any unlawful activity;
attempt to bypass eligibility restrictions, security controls or the acceptance module;
interfere with, overload, scrape in an abusive manner, reverse engineer, compromise or disrupt the Interface or its infrastructure, except to the extent expressly permitted by mandatory law or an applicable open-source licence;
introduce malware, malicious code, automated attacks or unauthorised bots into the Interface;
misrepresent affiliation with Aletheia, Jamie Frame, the Protocol or any third party;
use the Interface on behalf of a Restricted Person; or
use information obtained from the Interface to create a misleading appearance of activity, liquidity, price or demand.

16.2. Automated access to the Interface requires Aletheia’s prior written authorisation unless expressly made available through a documented public endpoint. Separate API/data terms apply to paid or licensed data access.

17. Availability, maintenance and suspension

17.1. The Interface is provided on an “as available” basis. Aletheia does not guarantee continuous, uninterrupted, error-free or secure availability, or that the Interface will be compatible with every browser, device, Wallet or network condition.

17.2. Aletheia may suspend or restrict the Interface for maintenance, security incidents, legal or regulatory reasons, infrastructure failure, third-party outages, suspected abuse or any risk to Users, Aletheia or the Protocol ecosystem.

17.3. Suspension, interruption or discontinuation of the Interface does not suspend or modify the Protocol, existing loans, auctions, maturities, grace periods, collateral rights or blockchain transactions. On-chain deadlines and automatic smart contract effects may continue to apply. Users are responsible for maintaining an alternative means of monitoring and, where necessary, interacting directly with the Protocol.

17.4. Aletheia may provide direct-access documentation through the public Protocol repository, but does not guarantee support for direct smart contract interaction.

18. Third-party software, Wallets, networks and links

18.1. The Interface depends on third-party systems and services, which may include Wallet software, RainbowKit, RPC providers, Arbitrum One, Ethereum, bridges, block explorers, hosting providers, repositories and token issuers. Aletheia does not control these third parties.

18.2. The User’s relationship with a Wallet provider, token issuer, blockchain network or other third party is governed by that third party’s terms. Aletheia is not responsible for their acts, omissions, failures, security, fees, availability or legal compliance.

18.3. External links are provided for convenience only. Their inclusion does not constitute endorsement. The User must verify URLs and contract addresses and remain alert to phishing, cloned interfaces and malicious applications.

19. Personal data, Wallet addresses and local storage

19.1. Aletheia may process technical and personal data necessary to operate, secure and improve the Interface, respond to enquiries, record acceptance, prevent abuse and comply with legal obligations. The applicable processing is described in the Privacy Policy.

19.2. A Wallet address and public blockchain activity may constitute or become linked to personal data depending on the circumstances. Blockchain data is public, persistent and may be processed independently by third parties outside Aletheia’s control.

19.3. The Interface stores the acceptance status locally on the User’s device. Strictly necessary cookies or similar technologies may be used for functionality and security. Other trackers, if any, are governed by the Privacy Policy and applicable consent mechanisms.

19.4. Questions relating to privacy may be sent to contact@thegavel.io unless a separate privacy contact is specified in the Privacy Policy.

20. Intellectual property

20.1. The Interface, its proprietary code, layout, design, texts, graphics, databases, data products, documentation, trademarks, domain names and other proprietary elements are protected by intellectual property and other applicable rights belonging to Aletheia or its licensors.

20.2. The Protocol’s public source code is made available under the licence identified in the relevant repository, including the MIT licence where applicable. An open-source licence does not grant any right to use Aletheia’s or The Gavel Protocol’s trademarks, logos, domain names, proprietary interface, data products or commercial presentation.

20.3. Subject to compliance with these Terms, Aletheia grants the User a personal, limited, non-exclusive, non-transferable and revocable right to access the Interface for its intended purpose. No other right is granted.

20.4. The User may not copy, reproduce, distribute, sell, sublicense or commercially exploit proprietary elements of the Interface except with Aletheia’s prior written consent or as expressly permitted by mandatory law or an applicable open-source licence.

21. Disclaimers

21.1. To the maximum extent permitted by law, the Interface is provided “as is” and “as available”, without any express or implied warranty, including any warranty of availability, merchantability, fitness for a particular purpose, accuracy, security, non-infringement, liquidity, profitability, legality or uninterrupted operation.

21.2. Aletheia does not warrant that any auction will receive a bid, that any loan will be repaid, that any collateral will retain value, that any PositionNFT will be saleable, or that any token, stablecoin, bridge, Wallet, blockchain or smart contract will function as expected.

21.3. No content of the Interface constitutes a guarantee, certification, credit assessment, investment recommendation or assurance of regulatory treatment.

21.4. Nothing in these Terms excludes any warranty or right that cannot lawfully be excluded, particularly where the User qualifies as a consumer under mandatory applicable law.

22. Liability

22.1. Except to the extent that a loss is directly and foreseeably caused by Aletheia's proven breach of these Terms or proven fault, Aletheia is not liable for losses resulting from Protocol use, direct smart contract interaction, market movements, default, liquidation or collateral outcomes, User-selected parameters, Wallet compromise, approvals, phishing, sanctions, frozen tokens, network failure, sequencer downtime, bridge failure, third-party service failure, tax treatment or any transaction signed by the User.

22.2. To the maximum extent permitted by law, Aletheia is liable only for direct and foreseeable loss caused by Aletheia’s proven breach of an obligation arising under these Terms. Aletheia is not liable for indirect, consequential, special or punitive loss, loss of profit, revenue, opportunity, data, reputation or anticipated savings.

22.3. For Users acting for professional purposes, and except in cases where limitation is prohibited by law, Aletheia’s aggregate liability arising from or relating to the Interface and these Terms is limited to 10 000 euros.

22.4. The limitations in this Article do not apply to fraud, wilful misconduct, gross negligence where it cannot lawfully be limited, death or personal injury caused by negligence, breach of an essential obligation where limitation would deprive it of substance, or any other liability that cannot be limited under applicable law.

22.5. Where the User is a consumer, the User retains all mandatory statutory rights. Any limitation or exclusion in these Terms applies only to the extent permitted by the law applicable to that consumer.

23. Indemnification by professional Users

23.1. Where the User acts for professional or business purposes, the User shall indemnify Aletheia against third-party claims, losses, fines, costs and reasonable legal fees arising from the User’s unlawful use of the Interface, breach of these Terms, sanctions violation, infringement of third-party rights or use on behalf of another person, except to the extent caused by Aletheia’s own breach or fault.

23.2. This Article does not apply to a User acting as a consumer.

24. Suspension and termination of access

24.1. The User may stop using the Interface at any time by disconnecting the Wallet. Stopping use does not affect on-chain positions or obligations already created through the Protocol.

24.2. Aletheia may suspend or terminate the User’s access to the Interface in the event of breach, suspected fraud, sanctions risk, security threat, unlawful use, legal requirement or discontinuation of the Interface.

24.3. Termination of access to the Interface does not terminate, cancel or modify any Protocol position or transaction and does not prevent direct smart contract interaction where technically and legally possible.

24.4. Articles intended by their nature to survive termination, including risk acceptance, intellectual property, liability, governing law and dispute provisions, remain effective.

25. Changes to the Interface and these Terms

25.1. Aletheia may amend these Terms to reflect changes in law, regulation, functionality, security, business model, documentation or operational practices.

25.2. The current version is published through the Interface. Material amendments affecting Users' rights or obligations will be brought to Users' attention through the Interface and, where appropriate or required by applicable law, will require renewed acceptance before transactional functions are made available. Amendments do not retroactively alter transactions or positions already recorded on-chain.

25.3. The User should review the current version before using the Interface. If the User does not accept an amendment, the User must cease using the Interface. Cessation of Interface use does not cancel or modify an existing on-chain position.

26. Electronic communications, notices and evidence

26.1. Communications relating to the Interface may be provided electronically, including through a notice displayed on the Interface, the Wallet-connection or acceptance module, a contextual warning, publication in the applicable documentation, or email where the User has voluntarily provided an email address for the relevant purpose.

26.2. A notice displayed through the Interface or made available in the applicable public documentation is deemed made available when published. This does not relieve Aletheia of any mandatory individual-notification obligation that may apply under law.

26.3. The User must not rely on Aletheia to provide individual reminders concerning auctions, maturities, repayments, grace periods, collateral, PositionNFTs, network events or smart contract deadlines. The absence or failure of a notice does not suspend an on-chain deadline or automatic smart contract effect.

26.4. Subject to the Privacy Policy and applicable law, Aletheia may retain or generate technical records reasonably necessary to evidence the version of the documents presented, the date and time of an acceptance or interaction, the Wallet address or another pseudonymous technical identifier, and security or access events. Aletheia may also introduce a Wallet-signed acceptance message or another evidence mechanism in a future version of the Interface.

26.5. Electronic records, public blockchain data and Wallet signatures may have evidential value in accordance with applicable law. The User should retain copies of these Terms, transaction confirmations and any information relevant to the User's positions.

27. Force majeure and external events

27.1. Aletheia is not responsible for a delay, interruption or failure to perform an obligation under these Terms to the extent caused by an event beyond its reasonable control that satisfies the applicable legal requirements for force majeure.

27.2. Depending on the circumstances and only where the applicable legal criteria are met, such an event may include a major blockchain or sequencer outage, chain reorganisation, failure of RPC or hosting infrastructure, internet or telecommunications failure, widespread Wallet-provider failure, cyberattack, malicious code, compromise of a critical third-party dependency, natural disaster, war, civil disorder, labour disruption, governmental action, sanctions measure, court or regulatory order, or a sudden legal prohibition.

27.3. Where reasonably practicable, Aletheia will take proportionate measures to limit the effect of the event on the Interface and will provide information through an appropriate electronic channel. Aletheia is not required to incur disproportionate cost or assume control over a third-party network, service or protocol.

27.4. A force majeure or external event affecting the Interface does not necessarily affect the Protocol and does not suspend or reverse on-chain transactions, maturities, grace periods or automatic smart contract effects. Users remain responsible for monitoring their positions and using any technically available direct-access method.

28. Complaints and consumer mediation

28.1. Questions or complaints concerning the Interface should first be sent to contact@thegavel.io or by post to ALETHEIA ANALYTICS, 173 rue de Courcelles, 75017 Paris, France.

28.2. Where the User qualifies as a consumer and mandatory consumer mediation rules apply, the User may refer an unresolved dispute to the competent consumer mediator after first submitting a written complaint to Aletheia.

As of the Effective Date, Aletheia has not yet adhered to a consumer mediation scheme. The name and contact details of the competent consumer mediator will be published in these Terms and on the Interface once Aletheia's adhesion to such a scheme is effective.

28.3. The availability of consumer mediation does not deprive the User of the right to bring proceedings before a competent court.

29. Governing law and jurisdiction

29.1. These Terms are governed by French law.

29.2. If the User is a consumer, the choice of French law does not deprive the User of mandatory protections granted by the law of the User’s habitual residence where those protections apply. Consumer disputes are heard by the courts having jurisdiction under mandatory applicable rules.

29.3. If the User acts for professional or business purposes, any dispute arising from or relating to the Interface or these Terms shall fall within the exclusive jurisdiction of the competent courts of Paris, France, including in the event of multiple defendants or third-party proceedings, subject to any mandatory rule to the contrary.

29.4. Before commencing proceedings, the parties shall attempt in good faith to resolve the dispute through written discussions, except where urgent relief or a limitation period requires immediate action.

30. Miscellaneous

30.1. Entire agreement. These Terms and the documents incorporated by reference constitute the agreement governing use of the Interface and replace prior statements relating to the same subject matter.

30.2. Severability. If any provision is held invalid or unenforceable, it shall be interpreted or limited to the minimum extent necessary, and the remaining provisions remain in force.

30.3. No waiver. A failure or delay in exercising a right does not constitute a waiver.

30.4. Assignment. The User may not assign rights or obligations under these Terms without Aletheia’s prior written consent. Aletheia may transfer these Terms in connection with a merger, restructuring, sale of business or transfer of the Interface, subject to applicable law.

30.5. No partnership or agency. These Terms do not create a partnership, joint venture, employment, agency, fiduciary or representation relationship between Aletheia and the User.

30.6. Headings. Headings are for convenience only and do not affect interpretation.

30.7. References to writing include electronic communications and records to the extent recognised by applicable law.

30.8. Language. These Terms are originally drafted in English. A French-language version shall be made available to Users in France. For Users acting as consumers in France, the French version shall apply to the extent required by mandatory French law. For other Users, and subject to mandatory law, the English version prevails in the event of inconsistency.

ANNEX 1 - LAUNCH CONFIGURATION

A. Network. Arbitrum One, chain ID 42161.

B. Launch collateral token. WBTC.

C. Launch loan tokens. USDC and USDT.

D. Assets not listed at launch. WETH and DAI may be evaluated later but are not listed at launch.

E. NFT-backed lending. The functionality is deployed and may be visible, but it is disabled through the Interface at launch because no NFT collection is listed.

F. User fees. Aletheia charges no Interface-use fee at launch. Users remain responsible for network gas and third-party costs.

G. Access model. Wallet connection only; no user account or hosted custody.

H. Territorial restriction. U.S. Persons, persons located in the United States, sanctioned persons and persons in jurisdictions where use would be unlawful are contractually excluded from the Interface. The Protocol itself remains permissionless.