No matter how much money you lose as a result of using Uniswap's interface, the maximum amount you can recover from Uniswap Labs is $100 (or what you paid them in the past year, whichever is higher).
This analysis describes what Uniswap's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
Given that users may execute trades worth thousands or millions of dollars through the interface, a $100 liability ceiling means users bear virtually all financial risk for losses, even those caused by platform failures or errors.
The updated terms establish new contractual representations that users must make when agreeing to the agreement. Users now represent that they are not subject to economic or trade sanctions administered by any governmental authority, including OFAC lists, and that they are not citizens or residents of sanctioned jurisdictions. Users also represent that their access and use will comply with all applicable laws and will not be used to conduct or facilitate illegal activity. These representations are legally binding attestations that may be verified. Users in OFAC-sanctioned countries cannot truthfully make these representations and would be unable to use the platform.
View change record →The updated terms establish new restrictions on user conduct and add affirmative representations regarding asset eligibility. Users trading tokenized real-world assets (such as tokenized stocks, ETFs, or commodities) must now represent that they have reviewed issuer information and comply with any restrictions on trading or holding those assets. The terms also explicitly prohibit circumventing access restrictions, including geographic blocks and transfer limitations imposed by token issuers. By continuing to use the platform, users affirm they are legally eligible to trade tokens under their jurisdiction's laws.
View change record →The updated terms establish that Uniswap does not warrant that any digital asset accessible through its products is available for trading, holding, or transacting in your jurisdiction, or that you are legally permitted to do so. The revised language places the burden on you to determine whether a digital asset is lawfully available to you and to comply with any applicable transfer restrictions imposed by asset issuers or regulatory authorities. This means accessing or trading an asset through the Uniswap interface does not constitute Uniswap's determination that you are eligible to do so under your local laws.
View change record →This clause means that if you lose significant funds due to a platform malfunction, erroneous transaction, or other covered event, your financial recovery from Uniswap Labs is capped at $100, regardless of the actual loss.
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"TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT WILL THE LIABILITY OF ANY OF THE UNISWAP PARTIES EXCEED THE GREATER OF (A) $100 OR (B) THE AMOUNT YOU PAID US IN THE LAST 12 MONTHS. THE FOREGOING LIMITATIONS OF LIABILITY WILL APPLY EVEN IF ANY OF THE EVENTS OR CIRCUMSTANCES WERE FORESEEABLE AND EVEN IF ANY OF THE UNISWAP PARTIES WERE ADVISED OF OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES.Excerpt from Uniswap's Terms of Service
(1) REGULATORY LANDSCAPE: Liability caps in consumer-facing financial service agreements may be subject to challenge under applicable consumer protection statutes.
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Given that users may execute trades worth thousands or millions of dollars through the interface, a $100 liability ceiling means users bear virtually all financial risk for losses, even those caused by platform failures or errors.
This clause means that if you lose significant funds due to a platform malfunction, erroneous transaction, or other covered event, your financial recovery from Uniswap Labs is capped at $100, regardless of the actual loss.
ConductAtlas has identified this type of provision across 287 platforms. See the full comparison.
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