Uniswap Terms of Service

This Agreement governs user access to and use of products provided by Universal Navigation Inc. (d/b/a Uniswap Labs), including the web Interface at app.uniswap.org, the Uniswap Wallet mobile application, and any other products linking to this Agreement, with the stated legal basis being a binding contract formed upon access or use of the products. The agreement states that users grant Uniswap Labs a worldwide, non-exclusive, sublicensable, royalty-free, perpetual, and irrevocable license to use, copy, modify, and display user-submitted content for current and future business purposes, and the terms authorize Uniswap Labs to modify the agreement at any time with notice limited to updating a date field and maintaining a current version online, with continued use constituting acceptance. The agreement asserts broad disclaimers of liability for the Uniswap Protocol itself, third-party services, digital asset price volatility, and smart contract execution, and notably distinguishes the Interface (a Uniswap Labs product) from the Protocol (open-source smart contracts Uniswap Labs states it does not control or operate), a structural distinction with material implications for securities, commodity, and money transmission regulatory analysis. The agreement engages potential regulatory frameworks including U.S. commodity and securities laws (given the nature of digital asset trading), OFAC sanctions compliance requirements, state money transmission licensing regimes, and consumer protection frameworks; applicability of specific frameworks to Uniswap Labs depends substantially on jurisdictional determinations regarding whether the products constitute regulated financial services, broker-dealer activity, or money transmission, which remain active areas of regulatory development. The mandatory arbitration clause and class action waiver, combined with the agreement's assertion that Uniswap Labs does not act as broker, intermediary, agent, or fiduciary, create significant dispute resolution and regulatory classification considerations for compliance teams evaluating exposure under applicable law.