Magmastaking.xyz is a website-hosted user interface (the “Interface”) hosted by Hydrogen Labs, Inc. (“us” or “the Company”).
Please read these terms and conditions carefully before using the Interface for any reason. Your use of the Interface is conditional upon your agreement to the Terms set out below. If you do not agree and you do not give your consent to be bound to the Terms, do not use the Interface and, if presented with the option to “accept ” to the Terms of use, only select “accept” if you certify that you consent to be bound by the Terms.
If you do not meet the eligibility requirements set forth in Section 7 of the Terms or are otherwise not in strict compliance with these Terms, you are expressly prohibited from using, accessing, or deriving any benefit from the Interface and you must not attempt to access or use the Interface. Use of a virtual private network (e.g., a VPN) or other means by ineligible persons to access or use the Interface is prohibited, and prohibited uses may attract legal liability for fraudulent use of the Interface.
Page last updated: August 14th, 2024
These Terms of Use and any terms and conditions incorporated by reference (collectively, the Terms) govern access to and the use of the Interface by each individual, entity, group, or association (collectively User, Users, You) who views, interacts, links to or otherwise uses or derives any benefit from the Interface.
By accessing, browsing, or using the Interface, or by acknowledging your agreement to the Terms on the Interface, you agree that you have read, understood, and consented to be bound by all of the Terms, Privacy Policy, and Disclosure which are incorporated by reference into these Terms.
Importantly, when you agree to these Terms by using or accessing the Interface, you agree to a binding arbitration provision and a class action waiver, both of which impact your rights as to how disputes are resolved.
From time to time and at any time, the Terms may be changed, amended, or revised without notice or consultation. If you do not agree to the revised Terms, then you should not continue to access or use the Interface.
Dispute Resolution; Arbitration Agreement
If you have any dispute or claim arising out of or relating in any way to the Interface or these Terms, you must send an email to support@hydrogenlabs.xyz to resolve the matter via a good faith negotiation process (the “Formal Complaint Process”). If that dispute or claim is not resolved within 60 days of sending such an email, then you agree that all unresolved disputes or claims shall be finally and exclusively settled by arbitration administered American Arbitration Association (“AAA”), in accordance with the Consumer Arbitration Rules (the "AAA Rules") then in effect . The arbitration shall be held in New York before a single arbitrator and shall be conducted in the English language on a confidential basis. Any award made by the arbitrator may be entered in any court of competent jurisdiction as necessary. This section shall survive termination of these Terms, the Interface, or any connection you may have to the information you obtained from the Interface.
These Terms evidences a transaction involving interstate commerce; and notwithstanding any other provision herein with respect to the applicable substantive law, the Federal Arbitration Act, 9 U.S.C. § 1 et seq., will govern the interpretation and enforcement of these Terms and any arbitration proceedings. If the Formal Complaint Process described in above does not resolve satisfactorily within 60 business days after receipt of your complaint form, you and us agree that either party shall have the right to finally resolve the Dispute through binding arbitration. The arbitration will be administered by the American Arbitration Association (“AAA”), in accordance with the Consumer Arbitration Rules (the "AAA Rules") then in effect, except as modified by this section of this Arbitration Agreement. The AAA Rules are currently available at https://www.adr.org/sites/default/files/Consumer%20Rules.pdf. A party who wishes to initiate arbitration must provide the other party with a request for arbitration (the “Request”). If you initiate the arbitration, you must provide Coinbase a copy of your Request by email at the support email provided above or through our registered agent for service of process. The Request must include: (1) the name, telephone number, mailing address, email address of the party seeking arbitration, and identifying information associated with the applicable account; (2) a statement of the legal claims being asserted and the factual bases of those claims; (3) a description of the remedy sought, including an accurate, good faith calculation of the amount in controversy in United States Dollars; (4) a statement certifying completion of the Formal Complaint Process as described above (if you are the party making the Request); and (5) evidence that the requesting party has paid any necessary filing fees in connection with such arbitration.
If the party requesting arbitration is represented by counsel, the Request shall also include counsel's name, telephone number, mailing address, and email address. Such counsel must also sign the Request. By signing the Request, counsel certifies to the best of counsel's knowledge, information, and belief, formed after an inquiry reasonable under the circumstances, that: (1) the Request is not being presented for any improper purpose, such as to harass, cause unnecessary delay, or needlessly increase the cost of dispute resolution; (2) the claims, defenses and other legal contentions are warranted by existing law or by a nonfrivolous argument for extending, modifying, or reversing existing law or for establishing new law; and (3) the factual and damages contentions have evidentiary support or, if specifically so identified, will likely have evidentiary support after a reasonable opportunity for further investigation or discovery.
YOU AND US HEREBY WAIVE ANY CONSTITUTIONAL AND STATUTORY RIGHTS TO SUE IN COURT AND HAVE A TRIAL IN FRONT OF A JUDGE OR A JURY. You and us are instead electing that all Disputes shall be resolved by arbitration, except as specified herein. There is no judge or jury in arbitration, and court review of an arbitration award is subject to very limited review.
YOU AND US AGREE THAT, EXCEPT AS SPECIFIED IN THESE TERMS, EACH OF US MAY BRING CLAIMS AGAINST THE OTHER ONLY ON AN INDIVIDUAL BASIS AND NOT ON A CLASS, REPRESENTATIVE, OR COLLECTIVE BASIS, AND THE PARTIES HEREBY WAIVE ALL RIGHTS TO HAVE ANY DISPUTE BE BROUGHT, HEARD, ADMINISTERED, RESOLVED, OR ARBITRATED ON A CLASS, COLLECTIVE, REPRESENTATIVE, OR MASS ACTION BASIS. ONLY INDIVIDUAL RELIEF IS AVAILABLE, AND DISPUTES OF MORE THAN ONE CUSTOMER OR USER CANNOT BE ARBITRATED OR CONSOLIDATED WITH THOSE OF ANY OTHER CUSTOMER OR USER.
You agree that the laws of the State of Delaware, without regard to the principles of conflict of laws, govern these Terms.
The Interface aggregates and publishes publicly available third-party information about liquid staking technology.
The Interface also offers interaction methods whereby the User can indicate a transaction that the User would like to perform in connection with the publicly available Magma Smart Contract Systems (the Middleware) which are based on copies of the Magma Smart Contract Protocols. The interaction methods include accessing the functionalities of publicly deployed Middleware for Users to self-authorize token transfers and self-mint utility tokens on relevant blockchains. When used in this way, the interface can generate a draft transaction message which a User can independently use in conjunction with a third-party wallet application or device to conduct transactions on any of the relevant blockchains.
The Magma Smart Contract Protocols are software source codes freely licensed to the public. Each Middleware is a copy of one of the Magma Smart Contract Protocols that is compiled to bytecode and permanently associated with one or more specific public addresses on specific blockchains.
Using the relevant blockchain systems, third-party supplied wallets, devices, validator nodes or the Middleware does not require use of this Interface. Anyone with an internet connection can connect directly to the Middleware or blockchain without accessing or using the Interface.
The Interface maintainers do not own, operate or control the blockchain systems, wallets or devices, validator nodes, or the Middleware.
The Interface aggregates and publishes publicly available information about the Middleware in a user-friendly and convenient format. Such information is also independently available from other sources—for example, a User may directly review the blockchain transaction history, account balances, and the individual Magma Smart Contract Systems on compatible block explorers on each relevant blockchain. Users may also access code repositories for the various Magma Smart Contract Protocols on platforms like Github.
If the User chooses to initiate any transactions with the Magma Smart Contract Protocols, the User must personally review and authorize all transaction messages that the User wishes to send to blockchain systems; this requires the User to sign the relevant transaction message with a private cryptographic key inaccessible to the Interface or the Interface maintainers, or Interface contributors. The use of such associated private cryptographic keys is beyond the control of the Interface, the Interface maintainers, or contributors.
Any User-authorised message will be broadcasted to blockchain systems through the wallet application or device and the User may be required to pay a network fee to have the transaction message delivered and record the results on the appropriate blockchain. The Interface is not responsible for anything related to or arising from any transaction.
The Interface maintainers and the Interface are not agents or intermediaries of the User. The Interface or the Interface maintainers do not store, have access to or control over any tokens, private keys, passwords, accounts or other property of the User. The Interface or the Interface maintainers are not capable of performing transactions or sending transaction messages on behalf of the User. The Interface or the Interface maintainers do not hold and cannot purchase, sell or trade any tokens. All transactions relating to the Middleware are executed and recorded solely through the User's interactions with the respective blockchains. The interactions are not under the control of or affiliated with the Interface maintainers or the Interface. The Interface maintainers do not collect any compensation from the User for use of the Interface. The Interface is only one method to display publicly available data and is not responsible for any of the data displayed – it is the User's responsibility to personally verify any data displayed on the Interface.
THE INTERFACE IS ONLY A TOOL TO ASSIST WITH VIEWING PUBLICLY AVAILABLE INFORMATION AND, IF APPLICABLE, CRAFTING TRANSACTIONS. Information displayed by the Interface and, if applicable, any transactions between the user and any smart contracts are made under the user's own responsibility, and signed by the user's own wallet. The Interface and the Company are not responsible for anything regarding how these transactions are used or made, or any resulting consequences.
The Interface is wholly distinct from any smart contracts, including the Middleware, and is one, but not the exclusive, means of accessing the Middleware. The Company and the creators of Interface do not control or operate any version of the Middleware or any smart contracts on any blockchain network or any other aspects of any blockchain network.
To access the Interface, you must use a non-custodial wallet software, which allows you to interact with public blockchains. Your relationship with that non-custodial wallet provider is governed by the applicable terms of service of the wallet provider. We do not have custody or control over the contents of your wallet and have no ability to retrieve or transfer its contents. By connecting your wallet to our Interface, you agree to be bound by this Agreement and all of the terms incorporated herein by reference.
If you use the interface you represent and declare that you:
The Permitted Use of the Interface is exclusively to aid technologically sophisticated persons who wish to use the Interface for informational purposes only as an aid to their own research, due diligence, and decision-making. Before using any information from the Interface (including any draft transaction messages) to engage in transactions, each User must independently verify the accuracy of such information (and, if applicable, the accuracy of any draft transaction messages created by the User with assistance from the Interface).
Each User must not, directly or indirectly, in connection with their use of the Interface:
Additionally, if you use the interface you consent to, represent, and declare that you agree:
Each User acknowledges, agrees, consents to, and assumes the risks of, the matters described in this Section 11.
There is no business plan or revenue model for the Interface. The Interface maintainers do not have revenues or a viable long-term business plan, and may become unable or unwilling to fund the operational costs of the Interface on a long-term basis or to fund the upgrade costs required to keep the Interface up to date with current and upcoming technologies.
The Interface is a free web application maintained at the sole and absolute discretion of the Company. Individually and collectively they assume no duty, liability, obligation, or undertaking to continue to maintain, or to make available the Interface. The Interface maintainers may terminate or change the Interface with respect to any aspect of the Interface at any time.
The Interface maintainers have no obligation, duty, or liability to ensure that the Interface is a complete and accurate source of all information relating to the Middleware or any other subject matter, Users need to rely on third-party resources such as block explorers or validator nodes in order to ensure accuracy of any information, and, depending on the User's level of expertise and the quality of such third-party resources, this may result in the User incurring damages due to delays or mistakes in processing information or transactions.
The Protocols are available under a free open-source license, and the Interface maintainers do not have proprietary or exclusive rights of the Protocols. It is possible that additional copies of the Protocols or derivatives thereof will be deployed on blockchain systems in the future by any person, resulting in the existence of multiple Middlewares. The Interface maintainers are under no obligation to publish information for all such copies of the Protocols or to warn Users regarding the existence of such alternatives.
The Interface maintainers and the Interface are not registered or qualified with or licensed by, do not report to, and are not under the active supervision of any government agency or financial regulatory authority or organization. No government or regulator has approved or has been consulted by the Interface maintainers regarding the accuracy or completeness of any information available on the Interface. Similarly, the technology, systems, blockchains, tokens, and persons relevant to information published on the Interface may not be registered with or under the supervision of or be registered or qualified with or licensed by any government agency or financial regulatory authority or organization. The Interface maintainers are not registered as brokers, dealers, advisors, transfer agents or other intermediaries.
Blockchain technologies and digital assets are subject to many legal and regulatory uncertainties, and the Middleware or any tokens or blockchains could be adversely impacted by one or more regulatory or legal inquiries, actions, suits, investigations, claims, fines, or judgments, which could impede or limit the ability of User to continue the use and enjoyment of such assets and technologies.
The Interface is provided on an “AS IS” and “AS AVAILABLE” basis. You acknowledge and agree that your access and use of the Interface are at your own risk. There is no representation or warranty that access to the Interface will be continuous, uninterrupted, timely, or secure; that the information contained in the Interface will be accurate, reliable, complete, or current, or that the Interface will be free from errors, defects, viruses, or other harmful elements. No advice, information, or statement made in connection with the Interface should be treated as creating any warranty concerning the Interface. There is no endorsement, guarantee, or assumption of responsibility for any advertisements, offers, or statements made by third parties concerning the Interface.
Further, there is no representations or warranty, from anyone, as to the quality, origin, or ownership of any content found on or available through the Interface and there shall be no liability for any errors, misrepresentations, or omissions in, of, and about, the content, nor for the availability of the content attributable to any contributor to the Interface, including maintainers, and they shall not be liable for any losses, injuries, or damages from the use, inability to use, or the display of the content of the Interface.
To the fullest extent permitted by applicable law, the Company and its affiliates, officers, directors, employees, agents, partners, and licensors shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, revenue, data, or use, incurred by you or any third party, whether in an action in contract, tort (including negligence), strict liability, or otherwise, arising from your access to or use of, or inability to access or use, the Interface, including any damages caused by or resulting from reliance on any information obtained through the Interface or any transactions crafted with the assistance of the Interface, or that result from mistakes, omissions, interruptions, deletion of files or emails, errors, defects, viruses, delays in operation or transmission, or any failure of performance, whether or not resulting from acts of God, communications failure, theft, destruction, or unauthorized access to the Company's records, programs, or services.
In providing information on the Interface, the Interface may rely upon third-party resources which may not be accurate or may not conform to a given User's expectations. Users must examine the specific smart contract or third-party source associated with any information displayed on the Interface and confirm that any information accords with User's expectations.
Users are solely responsible for all matters relating to their accounts, private keys, addresses, and tokens and for ensuring that all uses thereof comply fully with these Terms. Users are solely responsible for protecting the data integrity and confidentiality of their information, and data or private keys for any wallet applications or devices used in connection with the Interface. The compatibility of the Interface with wallet applications and devices or other third-party applications or devices is not intended as, and you hereby agree not to construe such compatibility as, an endorsement or recommendation thereof or a warranty, guarantee, promise, or assurance regarding the fitness or security thereof.
There are no fees or charges for use of the Interface. Use of the Middleware and relevant blockchain may be subject to third-party transaction fees. The Interface maintainers do not receive such fees and have no ability to reverse or refund any amounts paid in error.
Each User, subject to their eligibility, acceptance, and adherence to these Terms, is hereby granted a personal, revocable, non-exclusive, non-transferable, non-sublicensable license to view, access and use the Interface for the Permitted Uses in accordance with these Terms. Unlike the Interface, the Middleware is open-source software running on public blockchains and is not the property of the Interface maintainers or the Company.
The Interface may directly or indirectly collect and temporarily store personally identifiable information for operational purposes, including for the purpose of identifying blockchain addresses or IP addresses that may indicate the use of the Interface from prohibited jurisdictions or by sanctioned persons or other Prohibited Uses. Any data collected through use of the Interface will be subject to the terms of our privacy policy, available at magmastaking.xyz.
The Users declare that they are knowledgeable, experienced, and sophisticated in using and evaluating blockchain and related technologies and assets, including blockchains, tokens, and proof of stake smart contract systems. The Users declare that they have conducted their own thorough independent investigation and analysis of the Middleware and the other matters contemplated by these Terms, and have not relied upon any information, statement, omission, representation, or warranty, express or implied, written or oral, made by or on behalf of Interface maintainers in connection therewith, except as expressly set forth in these Terms.
Each User hereby acknowledges and agrees, and consents to, and assumes the risks of, the matters described in Section 15 of the Terms.
References, links, or referrals to or connections with or reliance on third-party resources, products, services, or content, including smart contracts developed or operated by third parties, may be provided to Users in connection with the Interface. In addition, third parties may offer promotions related to the Interface. Interface maintainers do not endorse or assume any responsibility for any activities, resources, products, services, content, or promotions owned, controlled, operated, or sponsored by third parties. If Users access any such resources, products, services, or content or participate in any such promotions, Users do so solely at their own risk. Each User hereby expressly waives and releases Interface maintainers from all liability arising from the User's use of any such resources, products, services, or content or participation in any such promotions.
The User further acknowledges and agrees that Interface maintainers shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such resources, products, services, content, or promotions from third parties.
Cryptography is a progressing field. Advances in code cracking or technical advances such as the development of quantum computers may present risks to blockchain systems, the Middleware, or tokens, including the theft, loss, or inaccessibility thereof.
The Middleware, and all tokens may be subject to Forks. Forks occur when some or all persons running the software clients for a particular blockchain system adopt a new client or a new version of an existing client that: (i) changes the protocol rules in backward-compatible or backward-incompatible manner that affects which transactions can be added into later blocks, how later blocks are added to the blockchain, or other matters relating to the future operation of the protocol; or (ii) reorganizes or changes past blocks to alter the history of the blockchain. Some forks are “contentious” and thus may result in two or more persistent alternative versions of the protocol or blockchain, either of which may be viewed as or claimed to be the legitimate or genuine continuation of the original.
Interface maintainers cannot anticipate, control or influence the occurrence or outcome of forks, and do not assume any risk, liability or obligation in connection therewith. Without limiting the generality of the foregoing, Interface maintainers do not assume any responsibility to notify a User of pending, threatened or completed forks. Interface maintainers will respond (or refrain from responding) to any forks in such manner as Interface maintainers determine in their sole and absolute discretion. Interface maintainers shall not have any duty or obligation, or liability to a User if such response (or lack of such response) acts to a User's detriment. Each User assumes full responsibility to independently remain apprised of and informed about possible forks, and to manage the User's own interests and risks in connection therewith.
The Middleware and other relevant blockchain systems and smart contracts are public software utilities that are accessible directly through any compatible third-party node or indirectly through any compatible third-party “wallet” application that interacts with such a node. Interacting with the Middleware does not require the use of the Interface, but the Interface is only one option of reading and displaying data from the Middleware and, if applicable, generating standard draft transaction messages compatible with the Middleware. The User may choose to interact with the Middleware using softwares other than the Interface. As the Interface does not provide wallet software applications or nodes for blockchain systems, such software constitutes an essential third-party software and user dependency without which the Middleware cannot be used and tokens cannot be traded or used. Furthermore, the Interface may use APIs and servers of Interface maintainers or third parties and there are no guarantees as to the continued operation, maintenance, availability, or security of any of the foregoing dependencies.
The tax consequences of purchasing, selling, holding, transferring, or otherwise utilizing the Middleware are uncertain and may vary by jurisdiction. Interface Maintainers have undertaken no due diligence or investigation into such tax consequences, and assume no obligation or liability to optimize, facilitate or bear the tax consequences to any person.
Some jurisdictions do not allow the exclusion of certain warranties, or the limitation or exclusion of certain liabilities, and damages. Accordingly, some of the disclaimers and limitations set forth in these Terms may not apply in full to specific Users. The disclaimers and limitations of liability provided in these terms shall apply to the fullest extent as permitted by applicable law.
Each User shall defend, indemnify, compensate, reimburse and hold harmless the Interface maintainers from any claim, demand, action, damage, loss, cost or expense, including without limitation reasonable attorneys' fees, arising out or relating to (a) User's use of, or conduct in connection with, the Interface; (b) User's violation of these Terms or any other applicable policy or contract of Interface maintainers; or (c) User's violation of any rights of any other person or entity.
These Terms, including the Privacy Policy, constitute your entire representation, consent, and agreement with respect to the subject matter, including the Interface. These Terms, including the Privacy Policy, and any disclosure and disclaimers incorporated by reference supersede all prior Terms, written or oral understandings, communications, and other agreements relating to the subject matter of the Terms.