Documentation Index
Fetch the complete documentation index at: https://docs.blackhaven.xyz/llms.txt
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Effective Date: April 30, 2026
Last Updated: April 30, 2026
1. Introduction and Nature of the Service
1.1 Adventale Corporation (“Adventale”, “we”, “us”, or “our”) is a company incorporated under the laws of the Republic of Panama that operates and maintains a non-custodial web-based client interface (the “Interface”) available at https://blackhaven.xyz/ for interaction with the BlackHaven Protocol (“BlackHaven” or the “Protocol”).
1.2 The Interface is solely a front-end software tool that enables users to interact directly and independently with the fully decentralised, on-chain BlackHaven smart contracts deployed on the MegaETH blockchain. Adventale does not operate, control, or custody the BlackHaven Protocol, its smart contracts, any user funds, private keys, or any assets deposited into or withdrawn from the Protocol.
1.3 By accessing or using the Interface, you acknowledge and agree that:
(a) you are interacting directly with unaudited, experimental, and permissionless smart contracts on the MegaETH blockchain;
(b) Adventale provides no financial, investment, legal, or tax advice;
(c) all transactions are final, irreversible, and executed exclusively on-chain by you.
2. Eligibility and Prohibited Jurisdictions
2.1 You represent and warrant that you are not:
(a) a citizen, resident, or domiciled in, or an entity organised under the laws of, any Sanctioned Jurisdiction (as defined below);
(b) listed on any sanctions list administered by the United Nations, the European Union, the United Kingdom, the United States of America, or any other applicable governmental authority;
(c) acting on behalf of any person or entity described in (a) or (b).
2.2 “Sanctioned Jurisdiction” means, at any time, Canada, United States, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine, the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic, or any other country or territory that is the subject of comprehensive country-wide or territory-wide sanctions imposed by the United Kingdom, the United States, the European Union, or the United Nations.
2.3 We reserve the right to implement geolocation and other technical measures to block access from prohibited jurisdictions. Any attempt to circumvent such restrictions constitutes a material breach of these Terms.
3. No Custody or Control of Assets
3.1 Adventale does not hold, custody, or control any digital assets, private keys, or user funds at any time. All deposits, withdrawals, bonds, notes, staking, governance votes, and other actions are performed directly by you via your self-custodied wallet with the on-chain BlackHaven smart contracts.
3.2 You are solely responsible for the safekeeping of your private keys and seed phrases. Adventale will never request them.
4. Risks Acknowledgement
By using the Interface, you expressly acknowledge and assume all risks associated with:
(a) experimental blockchain technology and smart-contract vulnerabilities;
(b) potential total loss of deposited assets;
(c) regulatory uncertainty and possible future classification of tokens (including RBT, aRBT, or any related instruments) as securities or regulated financial instruments in your jurisdiction;
(d) extreme price volatility of cryptoassets;
(e) forks, chain reorganisations, or network attacks on MegaETH.
5. No Warranties
The Interface is provided “as is” and “as available” without any representation or warranty, whether express, implied, or statutory. Adventale specifically disclaims any warranty of merchantability, fitness for a particular purpose, quiet enjoyment, or non-infringement, and any warranties arising out of course of dealing or usage of trade.
6. Limitation of Liability
6.1 To the maximum extent permitted by law, Adventale, its directors, officers, employees, agents, and affiliates shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses resulting from your use of the Interface or the BlackHaven Protocol.
6.2 In no event shall Adventale’s aggregate liability arising out of or in connection with these Terms exceed one hundred United States Dollars (USD 100).
7. Indemnification
You agree to indemnify, defend, and hold harmless Adventale and its officers, directors, employees, and agents from and against any claims, disputes, demands, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or in any way connected with your breach of these Terms or your use of the Interface in violation of applicable law.
8. Governing Law and Dispute Resolution
8.1 These Terms and any non-contractual obligations arising out of or in connection with them shall be governed by and construed in accordance with the laws of England and Wales, without regard to conflict of law principles.
8.2 Any dispute, controversy, or claim arising out of or in connection with these Terms, including the existence, validity, interpretation, performance, breach, or termination thereof, shall be referred to and finally resolved by arbitration under the Rules of Arbitration of the International Chamber of Commerce (ICC) in force at the date of the request for arbitration.
8.3 The arbitral tribunal shall consist of a sole arbitrator. The seat of arbitration shall be London, England. The language of the arbitration shall be English.
9. Description of the Bonds Product
9.1 The BlackHaven Protocol offers a Fixed-Term Bonds product (the “Bonds”) that allows eligible users to commit USDm in exchange for RBT that vests linearly over a fixed term selected at the time of bonding.
9.2 When a user bonds, the committed USDm is split at the contract level. Half of the committed USDm is allocated to the reserves. The other half is directed to the Liquidity Manager, which pairs it with newly minted RBT to form a permanent Uniswap V3 liquidity position. Each bond thereby allocates capital to both reserves and permanent Protocol-Owned Liquidity (“POL”).
9.3 The Liquidity Manager holds Uniswap V3 position NFTs permanently. Trading fees accumulate in the positions and are routed to the reserves. As the protocol acquires additional assets, they may be added to existing positions to deepen liquidity over time.
9.4 Once committed, USDm cannot be retrieved except through the early exit mechanism described in Section 11 below.
9.5 Pricing parameters, available terms, and capacity are set by protocol governance and may change at any time. Bond pricing reflects current protocol parameters, which may result in a discount or premium relative to the current market price of RBT.
9.6 Bonds are not deposits. Blackhaven Protocol is not a bank, financial institution, or licensed financial services provider. No interest, dividend, or guaranteed return of any kind is offered.
10. No Promises Regarding Returns or Value
Blackhaven Protocol makes no representation, warranty, or guarantee regarding:
(a) the future market price or value of RBT, USDm, or any other token;
(b) any profit, return, yield, gain, or financial benefit resulting from your participation in the Bonds product;
(c) the continued availability of bond terms, parameters, or pricing currently displayed;
(d) the performance, solvency, or continued operation of the protocol, reserves, or any associated party.
You acknowledge that the value of RBT may decline to zero and that participation in the Bonds product may result in total loss of committed funds.
11. Vesting and Early Exit
11.1 RBT received through the Bonds product vests linearly over the term selected at the time of bonding. RBT is not transferable or claimable during the vesting period until it has been released according to the linear vesting schedule.
11.2 At the end of the bond term, users may claim the full RBT output.
11.3 You may exit a bond position prior to maturity (“Early Exit”). Upon Early Exit, you will receive only the RBT that has been released up to that point, minus an early-exit fee. All unreleased RBT and any accrued ecosystem points revert to RBT reserves. Forfeited RBT becomes available to the BAM (Bond Allocation Mechanism) for market operations.
11.4 Early Exit is irreversible. Forfeited amounts are distributed to other Blackhaven Protocol participants pursuant to protocol mechanics. You waive any claim to forfeited amounts.
12. No Redemption Rights Against Reserves
You acknowledge and agree that:
(a) RBT confers no redemption right, claim, lien, or interest against the Blackhaven Protocol reserves, or any other protocol-controlled assets at any time;
(b) reserve figures displayed in the Blackhaven Protocol user interface are informational only and do not represent any claim or entitlement of RBT holders;
(c) reserve assets are managed at the discretion of protocol governance and may be deployed, distributed, or otherwise utilised without notice to or consent from RBT holders;
(d) RBT does not represent equity, ownership, or proportional interest in Blackhaven Protocol or its reserves.
13. MegaETH Points
13.1 Bonded USDm may accrue MegaETH ecosystem points. MegaETH points are awarded by MegaETH, not by Blackhaven Protocol. Any points attributable to bonded capital are allocated to the bonder and claimable when MegaETH releases them, subject to MegaETH’s own schedule and terms.
13.2 Blackhaven Protocol makes no representation regarding the value, redemption, treatment, or future status of MegaETH points. Participation in the Bonds product may affect your MegaETH points balance, including through forfeiture on Early Exit.
13.3 Blackhaven Protocol is not responsible for MegaETH’s decisions regarding its points programme.
14. Bonds-Specific Risk Disclosures
In addition to the general risks set out in Section 4, you acknowledge that participation in the Bonds product carries substantial risk, including but not limited to:
(a) Smart contract risk. Smart contracts are experimental software and may contain bugs, vulnerabilities, or errors. Audits, including the audit by Zellic, reduce but do not eliminate this risk.
(b) Oracle risk. The protocol relies on price oracles, including RedStone, which may fail, be manipulated, or report incorrect data.
(c) Network risk. The MegaETH blockchain may experience outages, reorganisations, congestion, or other disruptions outside Blackhaven Protocol’s control.
(d) Asset risk. USDm may lose its peg, become illiquid, or otherwise decline in value, which would adversely affect bond economics.
(e) Market risk. The RBT market price is volatile, may decline significantly, and may reach zero.
(f) Governance risk. Governance decisions may adversely affect existing bond positions or the protocol generally.
(g) Regulatory risk. Regulatory developments in any jurisdiction may affect the availability, legality, or treatment of the Bonds product or RBT.
(h) Total loss risk. You may lose all funds committed to the Bonds product. You should not commit funds you cannot afford to lose.
15. No Fiduciary Relationship; No Advice
Blackhaven Protocol, its contributors, and any affiliated parties are not your fiduciary, advisor, or agent. No information provided through the user interface, documentation, social media, or any other channel constitutes investment, legal, tax, accounting, or financial advice. You should consult your own qualified advisors before participating.
16. Bonds-Specific Indemnification
In addition to the indemnification obligations in Section 7, you agree to indemnify, defend, and hold harmless Blackhaven Protocol, its contributors, governance participants, service providers, and affiliated parties from and against all claims, losses, damages, liabilities, costs, and expenses arising out of or related to your use of the Bonds product, your breach of these Terms, or your violation of any law.
17. Miscellaneous
17.1 Entire Agreement. These Terms constitute the entire agreement between you and Adventale with respect to the Interface and the Bonds product.
17.2 Severability. If any provision of these Terms is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.
17.3 Amendment. Adventale may amend these Terms at any time by posting the revised terms on the Interface. Continued use after such posting constitutes acceptance of the amended Terms.
17.4 Assignment. You may not assign your rights under these Terms without Adventale’s prior written consent. Adventale may assign its rights freely.
17.5 Third-Party Rights. A person who is not a party to these Terms shall have no rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term hereof.
18. Acknowledgements
By accessing or using the BlackHaven Client Interface and its products, you confirm that you have read, understood, and agree to be bound by these Terms of Service, and you specifically acknowledge that:
(a) you are interacting directly with experimental, on-chain smart contracts and assume all associated risks;
(b) Bonds carry risk of total loss of committed funds;
(c) RBT has no redemption right against protocol reserves;
(d) bond parameters may change at the discretion of governance;
(e) you are responsible for your own tax obligations;
(f) no advice is being provided to you by Blackhaven Protocol or Adventale.
