Terms version
The active version is configured with:Required user-facing disclaimer
Use this wording consistently:CoverFi protection is not insurance, not a bank product, not financial advice, and not a guaranteed payout. Payout eligibility depends on smart-contract rules, reserve funding, oracle data, network behavior, and protocol state.
Terms that must be covered
The app terms page should include these user rules before production:- Product is beta and may change.
- User must be legally eligible to use the website, app, wallet flow, and smart contracts.
- User controls wallet keys and must review every wallet signature.
- CoverFi is non-custodial and never asks for seed phrases or private keys.
- Protection is not insurance, not a bank product, not financial advice, and not guaranteed.
- Payouts depend on contract rules, reserve state, expiry-time oracle data, and network execution.
- Premiums, service fees, and network fees may be non-refundable after signed acceptance.
- User is responsible for taxes, reporting, and recordkeeping.
- Usernames may be rejected, removed, reclaimed, or restricted for impersonation, abuse, rights violations, or misleading use.
- Payment and receipt tools are records and workflow helpers, not transaction reversal or guarantee tools.
- AI is only a support and drafting layer; users must verify all AI output.
- Prohibited uses include fraud, sanctions evasion, illegal activity, market manipulation, phishing, spam, scraping, malware, impersonation, abuse of AI endpoints, upload abuse, and attempts to bypass security controls.
- CoverFi may rate limit, suspend, remove content, pause contracts, or restrict access for security, compliance, legal, abuse, or reliability reasons.
- Third-party services such as wallets, analytics/indexer infrastructure, AI providers, price providers, Stellar infrastructure, and hosting providers have their own terms.
- The service is provided as-is and as-available, subject to legally permitted warranty disclaimers and liability limits.
- Production terms must define governing law, venue, dispute handling, support/contact address, and jurisdiction-specific consumer/privacy rights after counsel review.
Privacy summary
CoverFi may process:- Wallet address.
- Username.
- Browser-local profile fields entered by the user.
- Protection position state.
- Browser-local payment receipt display data.
- On-chain receipt hashes and encrypted references.
- AI chat messages and replies sent to the configured AI provider when the user asks for a reply.
- Privacy-safe analytics events and aggregate metrics.
- Operational logs and request IDs.
- IP-derived security metadata.
- Browser, device, and network metadata needed for reliability and abuse prevention.
Data use and sharing
CoverFi may use data to:- Operate the app and backend.
- Keep wallet-scoped app state locally in the browser.
- Resolve usernames through the Soroban username registry.
- Store encrypted local payment receipt metadata in the browser.
- Provide AI support and drafts.
- Prevent abuse and enforce rate limits.
- Monitor errors, security, and product reliability.
- Comply with legal obligations.