Terms of Service

Effective Date / Last Updated: February 25, 2026

These Terms of Service (the “Terms”) are a legally binding agreement between you (“you,” “User”) and Tezoro, Inc. (“Tezoro,” “we,” “us,” or “our”). By accessing or using any Tezoro website, interface, smart contract, mobile or web application, API, or other services (collectively, the “Services”), you accept and agree to be bound by these Terms. If you do not agree, do not use the Services.

1. Summary / Core Points (Short Version)

Tezoro provides an algorithmic technology platform called Autopilot that allocates deposited crypto assets across third-party DeFi vaults and protocols to pursue the highest available yield based on selected risk profiles.
Tezoro is strictly non-custodial. You retain control of your private keys and assets on-chain.
Tezoro is not an asset manager, broker, fiduciary, or investment advisor. This is a technological service only.
All funds are at risk. Tezoro expressly disclaims all warranties and is not responsible for smart contract exploits, third-party protocol failures, market losses, or other loss events.
Tezoro’s liability is limited to the maximum extent permitted by law; if any liability is found, Tezoro’s total liability is capped at $1,000 USD.
Any disputes will be resolved by binding arbitration in Dubai(DIFC) under DIFC-LCIA rules; class and representative actions are waived to the fullest extent permitted by law.
Contact: [email protected]

2. Definitions

Capitalized terms used but not defined in these Terms shall have the meanings given to them in the Tezoro smart contracts or, if not defined there, their plain English meaning.

3. Service Description

3.1 Autopilot & Vaults. Autopilot is an automated, algorithmic allocation service. When you authorize Tezoro smart contracts and deposit supported crypto assets into a Tezoro vault, the vault may programmatically allocate and reallocate those assets across third-party DeFi protocols and vaults that Tezoro supports and deems appropriate to pursue yields consistent with your selected risk profile.

3.2 Technology Service, Not Asset Management. Tezoro provides technological infrastructure and automated allocation logic. Tezoro does not provide discretionary asset management services, personalized investment advice, tax, or legal advice. Use of the Services does not create a fiduciary or advisory relationship. You are solely responsible for all investment decisions and consequences.

3.3 t-Tokens. In exchange for deposits, Tezoro issues on-chain “t” tokens representing your pro rata share of the relevant Tezoro vault’s assets. t-Tokens reflect a share in the vault’s underlying assets only and do not constitute ownership of Tezoro or any equity, debt, or security interest in Tezoro.

4. Non-Custodial Operation & User Authorization

4.1 You Retain Control. Tezoro is non-custodial; we do not hold your private keys. You alone control and are responsible for your wallet, private keys, and any approvals you grant on chain.

4.2 Smart Contract Permissions. By authorizing Tezoro smart contract interactions, you grant the smart contracts permission to operate on the assets you authorize according to the contract logic. Tezoro cannot and will not unilaterally transfer assets outside the permissions you grant to the smart contract(s).

5. Fees; Performance Fee

5.1 Performance Fee. Tezoro charges a 15% performance fee on the net yield earned by a vault (this includes interest, farming rewards, staking rewards, incentives, and similarly categorized yield components). Performance fees are calculated per vault, collected automatically on-chain weekly, and will also be realized and collected upon any user withdrawal (partial or full) in accordance with the smart contract rules.

5.2 Other Costs. Users are responsible for all blockchain gas fees and transaction costs incurred when depositing to or withdrawing from Tezoro vaults. All fees are non-refundable unless otherwise stated in writing by Tezoro. Tezoro covers gas fees for rebalancing between vaults and protocols. Tezoro does not charge management fees or other hidden charges beyond the disclosed performance fee.

6. APY Display / User Returns

6.1 APY Display is Indicative. The APY and similar performance metrics shown in Tezoro’s user interface represent the vault’s aggregate or historical performance and are indicative only. They may materially differ from your realized return, which depends on timing and size of your deposit relative to the vault’s total assets, fee timing, rewards composition, and realized gains or losses.

6.2 No Guarantee of Return. All APY figures are not guarantees, assurances, or promises of future returns.

7. Withdrawals and “Instant Access to Liquidity”

7.1 Initiation vs Execution. “Instant access to liquidity” means Tezoro will initiate your on-chain withdrawal request promptly after you submit it. Initiation does not guarantee immediate execution or receipt of assets. Actual receipt depends on the state and liquidity of the underlying third-party protocols, smart-contract mechanics, network congestion, and other factors.

7.2 Possible Delays or Partial Execution. Withdrawals may be delayed, partially executed, partially filled, or temporarily non-executable due to insufficient protocol liquidity, reentrancy protections, third-party protocol constraints, chain congestion, or other causes beyond Tezoro’s control. Tezoro is not liable for any such delays, partial fills, or failures.

7.3 Irreversible Blockchain Transactions. Withdrawals and on-chain transactions are irreversible once confirmed. You are responsible for confirming all withdrawal actions and destination addresses. Tezoro is not responsible for mistaken withdrawal destinations or user errors.

8. Beta / Security / Audits

8.1 Beta Product; Unaudited. Autopilot and certain Tezoro smart contracts are currently provided in beta and may not have received a formal security audit. You understand and accept that the Services are experimental.

8.2 No Promise of Security. Tezoro may run internal testing or third-party audits when available, but Tezoro makes no warranty or representation that the Services are free of bugs, vulnerabilities, or security flaws.

9. Assumption of Risk — Detailed Risk Disclosure

BY USING THE SERVICES, YOU ACKNOWLEDGE AND ACCEPT ALL RISKS, INCLUDING, WITHOUT LIMITATION, THE FOLLOWING:

(a) Smart Contract Risk. Tezoro’s smart contracts, code, and interfaces may contain bugs, defects, or vulnerabilities. Such issues may result in loss or theft of funds.

(b) Third-Party Protocol Risk. Vaults and protocols to which Tezoro deploys funds are operated by independent third parties. Those third parties may suffer exploits, logic errors, governance problems, or insolvency that can result in partial or total loss of funds.

(c) Oracle & Pricing Risk. Oracle failures or manipulation may produce incorrect pricing and trigger unintended actions such as liquidations or misallocation of assets.

(d) Market & Liquidity Risk. Crypto markets are volatile; asset values can fall rapidly and liquidity can evaporate, preventing timely withdrawals.

(e) Operational & Human Error Risk. Mistakes in configuration, private key management, or user operation can cause irreversible asset loss.

(f) Regulatory & Legal Risk. Changes in law, enforcement actions, or regulatory measures may impact the Services, your use of the Services, or the transferability of assets.

(g) Custody Loss. Loss or compromise of your private keys or seed phrases will result in permanent loss of access to your assets.

IMPORTANT: TEZORO PROVIDES NO INSURANCE, GUARANTEE, OR COMPENSATION FOR LOSSES. ALL FUNDS ARE AT RISK.

10. Smart Contract / Hack Disclaimer (Explicit Waiver)

YOU HEREBY EXPRESSLY ACKNOWLEDGE AND AGREE THAT:

(a) TEZORO’S SMART CONTRACTS, CODE, AND INFRASTRUCTURE MAY CONTAIN BUGS OR VULNERABILITIES AND MAY BE SUBJECT TO HACKS, EXPLOITS, OR SECURITY BREACHES;

(b) TEZORO SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY LOSS, DAMAGE, LIABILITY, OR EXPENSE CAUSED BY OR RELATING TO ANY HACK, EXPLOIT, SECURITY BREACH, OR FAILURE OF TEZORO SMART CONTRACTS OR THE SMART CONTRACTS OF ANY THIRD-PARTY PROTOCOLS USED BY TEZORO;

11. Disclaimer of Warranties

ALL SERVICES ARE PROVIDED “AS IS,” “AS AVAILABLE,” AND WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE.

TEZORO DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. TEZORO DOES NOT WARRANT THAT THE SERVICES ARE SECURE, UNINTERRUPTED, ERROR-FREE, OR WILL MEET ANY SPECIFIC CRITERIA OF PERFORMANCE.

12. Limitation of Liability

12.1 To the Maximum Extent Permitted by Law. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, TEZORO, ITS AFFILIATES, AND SERVICE PROVIDERS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, LOSS OF FUNDS, LOSS OF DATA, OR LOSS OF BUSINESS.

12.2 Aggregate Cap. IF, NOTWITHSTANDING THE FOREGOING, A COURT OF COMPETENT JURISDICTION DETERMINES THAT TEZORO IS LIABLE TO YOU, TEZORO’S AGGREGATE LIABILITY TO YOU FOR ALL DAMAGES ARISING OUT OF OR RELATED TO THESE TERMS OR THE SERVICES SHALL NOT EXCEED ONE THOUSAND U.S. DOLLARS (USD $1,000).

12.3 Allocation of Risk. You acknowledge that the foregoing limitation and cap are fundamental elements of the bargain between you and Tezoro and that, absent these limitations, Tezoro would not be able to offer the Services.

13. Taxes; Compliance

You are solely responsible for determining and paying any and all taxes or duties owed in connection with your use of the Services. Tezoro does not provide tax, legal, or accounting advice.

14. User Representations & Warranties

By using the Services you represent and warrant that:

(a) You are of legal age to form a binding contract in your jurisdiction and have full power to enter into these Terms;
(b) You will comply with all applicable laws, regulations, and sanctions;
(c) You will not use the Services for money laundering, terrorism financing, or other illegal activities;
(d) You understand blockchain transactions are irreversible and that Tezoro has no ability to reverse or cancel on-chain transactions once confirmed.

15. Modifications to Services and Terms

15.1 Right to Modify. Tezoro may modify, suspend, or discontinue any part of the Services at any time, with or without notice.

15.2 Amendments to Terms. We may revise these Terms by posting the revised Terms on our site with a new “Last Updated” date. Unless otherwise specified, revised Terms are effective immediately upon posting. Continued use after posting constitutes acceptance of the revised Terms. If you do not agree, you must stop using the Services.

16. Governing Law; Dispute Resolution; Arbitration; Class Action Waiver

16.1 Company Formation. Tezoro, Inc. is incorporated in the State of Delaware, United States.

16.2 Governing Law. These Terms and any dispute arising hereunder shall be governed by and construed in accordance with the laws of the DIFC (Dubai International Financial Centre), United Arab Emirates, without regard to conflict of law principles that would apply the law of another jurisdiction.

16.3 Arbitration; Venue. Except for injunctive or other equitable relief as permitted under these Terms, you and Tezoro agree to resolve any dispute, claim, or controversy arising out of or relating to these Terms or the Services exclusively by final and binding arbitration administered in Dubai, UAE under the DIFC-LCIA Arbitration Rules, by a sole arbitrator mutually agreed upon or appointed pursuant to those rules. The arbitration shall be conducted in English. The arbitrator may award any relief that would otherwise be available in court.

16.4 Class Action and Representative Claims Waiver. TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU AND TEZORO EACH WAIVE THE RIGHT TO BRING OR PARTICIPATE IN ANY CLASS, COLLECTIVE, OR REPRESENTATIVE ACTION AGAINST THE OTHER IN ANY FORUM. ANY CLAIMS MUST BE BROUGHT ON AN INDIVIDUAL BASIS.

16.5 Pre-Arbitration Notice. Before initiating arbitration or litigation, you must contact Tezoro at [email protected] and attempt to resolve the dispute informally for thirty (30) days.

16.6 Injunctive Relief. Nothing in this Section prevents either party from seeking injunctive or other emergency equitable relief in a court of competent jurisdiction where such relief is necessary to prevent irreparable harm (but any such action shall adhere to the choice of governing law and venue limitations above to the extent consistent with applicable law).

17. Third-Party Services; Links; Integrations

The Services may integrate with or route funds into third-party protocols, wallets, exchanges, or services. Tezoro does not control these third parties and is not responsible for their actions or omissions. Use of third-party services is at your own risk and subject to such third parties' terms.

18. Intellectual Property

All right, title, and interest in and to the Services (excluding user content and on-chain assets) are owned by Tezoro or its licensors. You are granted a limited, revocable, non-exclusive right to use the Services in accordance with these Terms.

19. Privacy

Our collection and use of personal information is described in our Privacy Policy. By using the Services you consent to our collection and use of personal data as set forth in that policy.

20. Miscellaneous

20.1 Severability. If any provision is held invalid or unenforceable, the remainder shall remain in full force and effect.

20.2 Entire Agreement. These Terms (and any additional terms posted by Tezoro) constitute the entire agreement between you and Tezoro regarding the Services.

20.3 No Waiver. Failure to enforce any right is not a waiver of that right.

21. Contact

If you have questions or concerns, contact us at:

Email: [email protected]

Thank you for choosing Tezoro.

Tezoro, Inc.