Terms of Service

1. Acceptance of Terms

By accessing or using the CEFX platform ("Platform"), you agree to these Terms of Service ("Terms"). If you do not agree, do not use the Platform.

CEFX is a decentralized protocol for reputation-based prediction markets on the Base blockchain. It enables users to make verifiable, staked predictions, build on-chain track records, and back successful researchers. The Platform is provided "as is."

2. Eligibility

You must be at least 18 years old, have the legal capacity to enter agreements, and not be prohibited from using blockchain services or subject to sanctions in your jurisdiction. You need a compatible Web3 wallet to participate.

3. Platform Description

• Prediction Market: Make price predictions (calls) across Crypto, NFT Floors, Commodities, and Equities with staked VOUCH tokens
• Fading: Take the opposite side of a researcher's prediction
• Scout System: Stake on researchers to earn weekly emissions proportional to their performance
• Reputation System: Build a verifiable track record with tier progression

The Platform is non-custodial. You maintain full control of your wallet and tokens at all times.

4. VOUCH Token and Approvals

VOUCH is the utility token of the CEFX protocol, used for creating prediction calls (100–100,000 VOUCH), fading predictions, and scout staking (minimum 100 VOUCH). VOUCH is not an investment, security, or financial product.

The Platform uses Uniswap's Permit2 contract for gasless token approvals. Your first interaction requires a one-time token approval. Each action after that requires a separate, time-limited signature you approve in your wallet. You can revoke the approval at any time.

5. Prediction Market Terms

5.1 Creating Calls

• Each call specifies a category, asset, direction, an effective win threshold, and duration
• Entry price is the spot price at the time the call is created on-chain
• Calls have a 2-hour fill window during which faders can take positions
• Calls that do not reach 50% fill expire and stakes are returned, minus a 0.5% fee

5.2 Fading

Faders take the opposite position. Multiple faders can participate in a single call, staking up to 100% of the researcher's side during the 2-hour fill window.

5.3 Settlement

Calls are settled using verified spot prices from multiple independent oracle sources. The winning side receives the losing side's stake minus a 2% protocol fee. Settlement is automated and cannot be reversed. In rare cases of oracle failure, calls may be voided and all stakes returned.

6. Scout Staking Terms

• Scouts stake VOUCH on researchers to earn a share of weekly emissions (25,200 VOUCH/week)
• New stakes activate on the next Sunday 00:00 UTC
• Scout principal is not at risk — if a researcher performs poorly, you earn less but do not lose your staked tokens
• Unstaking requests are processed in the following weekly snapshot
• Minimum scout stake is 100 VOUCH

7. Fees

• Settlement fee: 2% of the total pool (1.5% treasury, 0.5% emissions pool)
• Unfilled call fee: 0.5% for calls that don't reach 50% fill
• Gas fees: Standard Base network transaction fees

Fees are always displayed before you confirm a transaction.

8. Reputation and Tiers

Researchers earn tiers (Unranked, Novice, Skilled, Expert, Legendary) based on scored-idea points and tier accuracy, not raw prediction volume alone. Higher tiers unlock higher rewards floors for scouts, and the current base multiplier can rise above that floor when recent signal remains strong. Tier thresholds and scoring parameters are documented in the Platform and may be adjusted through governance.

Tiers do not guarantee future performance. Emissions weight can decrease when a researcher has no recent scored results.

9. User Responsibilities

• Secure your wallet private keys and seed phrases
• Do your own research before making or fading predictions
• Comply with all applicable laws in your jurisdiction
• Understand the token approvals you sign

10. Prohibited Activities

• Sybil attacks or multi-accounting to game reputation
• Wash trading or self-dealing
• Exploiting smart contract vulnerabilities
• Money laundering or terrorist financing
• Harassment or abuse of other users
• Coordinated manipulation of prediction outcomes

Automated and AI-agent participation is welcome as long as it follows these Terms. Violations may result in exclusion from emissions or access restrictions.

11. Risks and Disclaimers

By using the Platform, you acknowledge these risks:

• Smart Contract Risk: Contracts may contain undiscovered bugs resulting in loss of funds
• Market Risk: Token values are volatile; you may lose your entire stake
• Prediction Risk: Predictions may resolve against you
• Oracle Risk: Price oracles may experience delays or inaccuracies
• Blockchain Risk: Network issues may affect transactions
• Loss of Access: Lost wallet keys cannot be recovered by anyone

12. Limitation of Liability

To the maximum extent permitted by applicable law:

• The Platform is provided "as is" without warranties of any kind
• We are not liable for losses due to smart contract behavior, user error, oracle failures, or third-party actions
• We are not liable for prediction outcomes or market movements
• Our total liability is limited to fees you have paid to the protocol in the preceding 12 months

You agree to hold harmless CEFX and its contributors from claims arising from your use of the Platform or violation of these Terms.

13. Dispute Resolution

Prediction outcomes are resolved by smart contract logic and cannot be appealed. For all other disputes, please contact us at legal@cefx.com first. If we can't resolve it informally within 30 days, disputes will be settled through binding arbitration on an individual basis.

These Terms are governed by the laws of the State of Delaware, United States.

14. Termination

You can stop using the Platform at any time. Active predictions will settle on schedule, and scout stakes follow the weekly withdrawal cycle. On-chain data is permanent.

We may restrict access to the Platform interface for Terms violations, but this does not affect your ability to interact directly with the deployed smart contracts. If the Platform ceases operations, smart contracts remain functional on-chain.

15. General Provisions

We may modify these Terms at any time with at least 7 days notice for material changes. Continued use constitutes acceptance. If any provision is found unenforceable, the rest remain in effect.

These Terms, together with our Privacy Policy, are the entire agreement between you and CEFX. The CEFX name, logo, and interface design are our property. Your content (predictions, theses) remains yours — by posting it you grant us a license to display it on the Platform.

16. Contact

Questions about these Terms:

• Email: legal@cefx.com
• X: @CEFXProtocol