Katana | Protocol Terms — User Responsibilities & Risk Context
Plain-language guide to the categories typically covered by Katana protocol terms, including eligibility, user responsibility, DeFi risk and third-party services.
Purpose of protocol terms
Protocol terms define the legal relationship around access to interfaces or services. This documentation page is an educational summary of common areas users should review; it is not a substitute for the current legally binding terms.
Eligibility and jurisdiction
Legal terms commonly define who may use a service and whether access is restricted in particular jurisdictions. Users are responsible for understanding the rules that apply where they live or operate.
Non-custodial and third-party services
DeFi interfaces can route users into independent protocols, bridges, wallets or vaults. Terms often clarify that these third parties have their own contracts, policies and risks.
Financial risk
Crypto assets, lending, liquidity provision and derivatives can lose value. APY, rewards and token incentives are variable and should not be interpreted as guaranteed returns.
Technical risk
Smart contracts, bridges, RPC services, wallets and oracles can fail. Users should keep transaction records, verify addresses and avoid relying solely on interface labels for high-value decisions.
Always review current terms
Legal documents can change. Before relying on any legal interpretation, users should review the current terms presented by the relevant interface or service.
Frequently Asked Questions
Is this page legal advice?
No. It is an educational overview and not a substitute for current legal terms or professional advice.
Can DeFi yields be guaranteed?
No. Rates and rewards are variable and subject to market and protocol risk.
Do third-party protocols have separate risks?
Yes. Independent apps, bridges, wallets and vaults can have their own terms and risk models.
Should users review current terms before transacting?
Yes. Legal and product terms can change over time.