Last Updated: 2025-04-05
Peniwallet provides a user interface ("UI") that enables direct interaction with decentralized smart contracts on public blockchains. We do not custody funds, execute trades, or perform any actions beyond facilitating direct access to decentralized exchange protocols such as PancakeSwap and Uniswap. Users maintain full control and responsibility for their interactions with these protocols.
Our platform operates on a completely decentralized and non-custodial basis. This means all transactions occur directly between the user and the relevant blockchain smart contracts. To facilitate transactions initiated by the user, the application requires the user's private key or seed phrase. It is crucial to understand that this sensitive information is stored securely and solely on the user's local device. Peniwallet, the company and its services, never holds, controls, transmits, or gains access to user funds, private keys, or seed phrases stored locally on the user's device. The smart contracts interacted with are typically publicly verifiable and designed to operate autonomously. Consequently, users maintain sole custody and control over their digital assets and bear full responsibility for the security of their device and the private keys stored within the application installed on it.
Peniwallet functions exclusively as an interface providing access to decentralized protocols. We want to be clear that we do not perform any custodial services, nor do we execute trades on behalf of users. No user funds ever pass through our company's systems. As such, our platform does not meet the definition of a traditional exchange or financial service provider requiring specific licensing for such activities. We operate in compliance with the applicable regulations governing decentralized interface providers.
For swap functionality, Peniwallet utilizes decentralized exchange aggregator infrastructure. These aggregators automatically optimize trade routes across various underlying decentralized exchange protocols (DEXs) supported by the aggregator, aiming to provide users with efficient execution without requiring direct user selection of the underlying DEX. Our interface interacts directly with publicly deployed and typically audited aggregator smart contracts, such as the one deployed at: 0x5E367524dFb085336f1ffF210F895aFB03ed96b2. It is important to understand that Peniwallet does not operate its own exchange, does not manage liquidity pools, and does not create or control the routing logic used by these third-party aggregators. When users engage in swaps via the Peniwallet interface, they are initiating transactions that are processed through the aggregator protocol, which autonomously interacts with various underlying DEX protocols based on its optimization algorithms. Peniwallet serves solely as an interface provider facilitating access to these aggregator services and is not a counterparty to any user transactions. While users do not directly select the DEXs involved in each swap, we strongly encourage all users to understand the nature of aggregator protocols and the underlying DEXs they utilize, and to review any available documentation and terms associated with these third-party services.
As a user of Peniwallet, you are expected to fulfill several key responsibilities. You must ensure your activities comply with all applicable local laws and regulations in your jurisdiction. It is essential to understand the inherent risks associated with decentralized finance (DeFi) before engaging with these protocols. You are solely responsible for securing your mobile device and safeguarding the private keys or seed phrases stored within the Peniwallet application on that device. Furthermore, users should conduct their own due diligence on the smart contracts and protocols they choose to interact with. By using the service, you accept full responsibility for your trading decisions and their outcomes. Finally, you must ensure that you meet any eligibility requirements for using DeFi services as stipulated by the laws of your jurisdiction.
Users must be aware that interacting with cryptocurrencies and decentralized finance involves significant risks. Cryptocurrency trading carries inherent market risks, including high volatility, which can lead to substantial financial losses. Smart contracts, despite audits, may contain undiscovered vulnerabilities or bugs that could be exploited, potentially resulting in loss of funds. Market conditions can change rapidly, and network congestion on the blockchain can affect transaction confirmation times and costs (gas fees). Additionally, technical issues with the interface, the underlying blockchain, or related infrastructure could temporarily impact service availability or functionality.
Peniwallet, as an interface provider, is not responsible for losses incurred by users due to various factors inherent in decentralized systems. This includes, but is not limited to, losses resulting from market volatility or the user's own trading decisions; potential vulnerabilities, bugs, or failures within the smart contracts of third-party protocols; issues related to blockchain network performance, such as congestion or delays; user errors, including mismanagement of private keys or sending funds to incorrect addresses; security breaches affecting the user's device or accounts; or any changes, updates, or operational issues encountered with the third-party protocols (aggregators, DEXs) accessed through our interface.
The Peniwallet user interface, including its design, branding, and related content, is protected by applicable intellectual property laws. Any open-source components utilized within our application are subject to their respective licenses, which users should consult if relevant. Users are not permitted to copy, modify, distribute, or create derivative works of our interface without explicit prior permission from Peniwallet.
We reserve the right to update or modify these Terms of Service at any time. Should any material changes be made, we will make reasonable efforts to notify users (e.g., through the application interface or website). Continued use of the Peniwallet service after such modifications have been posted constitutes your acceptance of the revised terms.
These terms are governed by and constructed in accordance with applicable laws and regulations, taking into account the decentralized nature of the service provided and the global accessibility of blockchain technology.
For questions regarding these terms:
Email: legal@peniwallet.com
Website: https://www.peniwallet.com/legal
By using Peniwallet, you acknowledge that you have read, understood, and agree to be bound by these terms.