Staking Terms Of Service
Last updated April 2025
1. Definitions
a. Staking
Staking refers to the process of participation in a blockchain network by locking up or delegating a certain amount of digital assets to a third-party service provider (the “Staking Provider”) to earn rewards, participating in network validation, or contributing to the security and operation of a blockchain network.
b. Staking Activities
Staking Activities refer to all actions associated with staking, including but not limited to delegating assets to a Staking Provider, earning staking rewards, withdrawing staked assets, claiming rewards, and any other interactions required for participating in the staking process.
c. Slashing
Slashing is a penalty mechanism inherent in Proof-of-Stake (PoS) blockchain networks, where a portion of staked assets may be forfeited if a validator engages in actions that harm the network’s integrity. Such actions include, but are not limited to, double-signing conflicting blocks, validator inactivity, or attempting to validate fraudulent transactions. If you delegate your tokens to a slashed validator, some of your staked assets may also be forfeited. By participating in staking, you acknowledge and accept the risks associated with slashing.
2. Relationship with Third-Party Staking Provider
- You acknowledge and agree that Liminal does not provide staking services. By accessing and using the staking service via the Liminal platform, you acknowledge that, through these Liminal Staking Terms, you are entering into a direct relationship with the Staking Provider for the purpose of staking assets.
- Liminal is solely an intermediary platform provider, facilitating your access to the Staking Provider’s services, and does not offer staking services directly. Your staking activities will be governed by the terms and conditions of the Staking Provider.
- You understand and agree that Liminal has no responsibility for the staking process, the outcome of staking, or any risks involved. Once you engage in staking, you will be bound by the Staking Provider’s terms and all associated risks and rewards will be handled directly by them.
- The Liminal Staking Terms apply to your use of the staking service through Liminal, outlining the relationship between you, Liminal, and the Staking Provider.
- Before participating in any staking activities through our platform, you are required to thoroughly review and agree to the respective Staking Provider’s terms of service. Your engagement in staking signifies your acceptance of and compliance with these terms. We disclaim any liability arising from your interactions with the Staking Provider or any consequences resulting from non-compliance with their terms.
3. No Liability or Guarantees
- Liminal does not vet, control, endorse, manage, assume responsibility or guarantee the performance, security, or availability of the service provided by third-party Staking Provider. Your participation in staking is at your own risk, and Liminal shall not be liable for any losses or damages arising from your engagement with any Staking Provider.
- Staking involves risks, including but not limited to:
- Loss of staked assets.
- Changes in staking rewards.
- Smart contract vulnerabilities.
- Slashing penalties.
- Regulatory or legal changes affecting staking services.
- Liminal shall not be liable for any losses, third-party claims, damages, or liabilities arising from your staking activities, including but not limited to loss of assets, penalties, suspension of services, or security breaches on the Staking Provider’s platform.
4. Independent Decision & Risk Acknowledgment
- You acknowledge that you are entering into staking at your own risk and discretion.
- You understand the inherent risks associated with staking, including but not limited to, slashing, protocol vulnerabilities, and market volatility. You are solely responsible for conducting your own thorough due diligence and understanding the implications of staking before proceeding.
- Liminal does not provide investment, financial, or legal advice. You should consult your advisors before proceeding.
- You confirm that you have read, understood, and accept the risks associated with staking, including the potential for slashing and other losses. You acknowledge that Liminal is not liable for any losses incurred as a result of your participation in staking activities.
- You confirm that you have read, understood, and agreed to the Liminal Staking Terms
5. Off-Platform Transactions & Loss of Custody
- By proceeding, you understand that you will be leaving Liminal’s platform and engaging with an independent third party.
- Once you stake assets, they are no longer under the possession, control, or management of Liminal. Upon your initiation of a staking request, you authorize Liminal to transfer your designated assets to the selected Staking Provider for the purpose of staking. You acknowledge that, based on your staking request, the asset transfer is initiated by Liminal, the responsibility for these assets transitions to the Staking Provider, and they are no longer under Liminal’s direct control. You understand and agree that Liminal is not liable for any errors, delays, or losses that may occur during the asset transfer process once initiated. It is your responsibility to understand and accept the terms and conditions of the Staking Provider.
- Liminal does not facilitate, monitor, or process staking transactions and will not assist in resolving any disputes with the Staking Provider.
6. Waiver of Claims
- By using the staking services, you expressly waive any claims against Liminal arising from or related to staking, including but not limited to loss of funds, technical failures, hacking incidents, or financial losses incurred through the Staking Provider.
7. Indemnity
- You acknowledge and agree that Liminal is not liable for any losses, damages, or liabilities incurred from staking, including loss of digital assets, failure of the Staking Provider’s services, or other issues related to the staking process.
- Liminal makes no guarantees or warranties regarding the outcomes of staking, and all risks associated with staking, including any loss or gain, are borne solely by you.
- You agree to indemnify and hold Liminal harmless from any claims, losses, or damages arising from your use of the staking service, including its affiliates, officers, employees, and agents from any claims, losses, damages, liabilities, costs, or expenses (including reasonable legal fees) arising out of:
a. Your participation in the staking process, including any losses or damages related to staking or failure to earn rewards;
b. Any violation of the Staking Provider’s terms or any applicable laws or regulations;
c. Any fraudulent, illegal, or wrongful actions taken by you in connection with staking;
d. Your breach of these Terms or the Staking Provider’s terms.
- This indemnity shall apply to claims brought by any third party, whether caused directly or indirectly by your actions or omissions in connection with staking.
You agree to indemnify, defend, and hold harmless Liminal, its affiliates, and their respective officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, and expenses, including reasonable attorneys’ fees and costs, arising out of or in any way connected with:
- Your breach of these Terms of Service;
- Your breach of the Staking Provider’s terms and conditions;
- Your violation of any applicable laws or regulations related to your staking activities;
- Your negligence or willful misconduct in connection with your use of the staking services; or
- Any misrepresentation or false information provided by you to Liminal related to your staking activities.
You acknowledge and agree that this indemnification obligation shall survive the termination of your use of the staking services.
8. Termination or Withdrawal from Staking
The process for withdrawal or termination of your staked assets is governed solely by the Staking Provider’s terms and conditions, including any associated fees, timelines, and procedures. Liminal does not control or facilitate the return of your staked assets upon withdrawal or termination. You acknowledge that any requests for withdrawal or termination must be directed to the Staking Provider, and you agree to adhere to their specified processes. Liminal shall not be held liable for any delays, losses, or disputes arising from the Staking Provider’s withdrawal or termination procedures.
9. Regulatory Compliance
You acknowledge and agree that you are solely responsible for ensuring your staking activities comply with all applicable laws and regulations, any Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) obligations. Liminal reserves the right to suspend or terminate your access to staking features, without prior notice, if required by law, regulatory authorities, or in the event of suspected non-compliance. You agree to provide any information requested by Liminal to facilitate compliance with applicable laws and regulations. Liminal shall not be liable for any losses or damages resulting from the suspension or termination of staking services due to regulatory requirements or your non-compliance.
10. Force Majeure
Liminal shall not be liable for any interruptions, delays, losses, or damages arising from events beyond its reasonable control, including but not limited to:
a. blockchain network disruptions, forks, or failures;
b. cybersecurity attacks or hacks on the Staking Provider or related infrastructure;
c. natural disasters;
d. acts of terrorism;
e. government actions or regulations;
f. or any other unforeseeable circumstances that prevent Liminal from fulfilling its obligations related to the staking services.
You acknowledge that such events may result in the temporary or permanent loss of access to staking services or staked assets, and you agree that Liminal shall not be held responsible for any such losses.
11. Dispute Resolution
- By using Liminal’s platform and participating in the staking service, you acknowledge and agree that any dispute related to these terms or your use of the platform shall be resolved through arbitration administered by the Singapore International Arbitration Centre (SIAC) in accordance with its rules, which are incorporated by reference into this clause. The arbitration will be conducted by a sole arbitrator, who will be independent, impartial, and have expertise in matters related to digital assets.
- The seat and venue of arbitration shall be Singapore, and the language of arbitration shall be English. The arbitral award shall be final and binding upon the parties and enforceable in accordance with its terms. The arbitrator will have the authority to award damages, injunctive relief, or any other remedies as permitted by law.
- The costs of the arbitration, including the arbitrator’s fees, shall be determined by the arbitrator. Each party will be responsible for its own legal fees unless otherwise awarded by the arbitrator. All arbitration proceedings, including any related documents or awards, will be confidential unless required by law or with the written consent of both parties.
- You acknowledge and agree that any disputes, claims, or disagreements arising from or related to the staking services provided by the Staking Provider, including but not limited to issues related to staking rewards, withdrawal procedures, or service interruptions, must be resolved directly with the Staking Provider in accordance with their terms and conditions. Liminal shall not mediate or participate in any disputes between you and the Staking Provider, and you agree that Liminal shall not be held liable for any outcomes or resolutions of such disputes.
by Liminal
by Liminal