01About these terms
These terms govern your use of the Athanor website and app (together, "the interface"), run by the Athanor team ("we").
By using the interface you accept these terms. If you do not accept them, do not use it.
The Athanor program on Solana is separate from the interface. It runs on its own, by its own published rules, and these terms do not change them. The litepaper describes those rules in full.
02What Athanor is and is not
Athanor is a protocol on Solana. The interface reads public data from the blockchain and prepares transactions; your wallet shows them to you and signs them.
- We never hold your keys or your tokens. Liquid INGOT, USDC and SOL stay in your wallet. Locked INGOT and unclaimed Forge payouts are held by the program, not by us.
- We cannot change what the program does. We cannot reverse a transaction, move USDC out of the vault, move INGOT out of the Forge, or change a rule. The program's upgrade key is burned at launch.
- INGOT gives no rights in any company, ours included: no share, no vote, no part of the house's revenue, and no claim on the vault other than selling to the curve under its rules.
- Nothing here is financial, tax or legal advice, and nothing is a recommendation to buy, sell or lock. Decide on your own judgement.
03Who can use it
You may use the interface only if all of these are true:
- You are at least 18 years old and able to enter into a binding agreement.
- You are not resident in, or using it from, the United Kingdom, Russia, Belarus, Iran, North Korea, or the occupied regions of Ukraine (Crimea, Donetsk, Luhansk, Zaporizhzhia and Kherson).
- You are not on a sanctions list and not acting for anyone who is.
- Using it is legal where you are. Rules on tokens and referral programs differ by country; checking them is your responsibility.
04Your wallet and your transactions
Your wallet is your account. You connect it; we do not create, hold, recover or see your keys.
- We will never ask for your seed phrase or private key. Anyone who does is not us.
- Every transaction is shown before you sign it, with the amounts the program will apply. Check them in your wallet before confirming.
- A signed transaction cannot be undone, by us or by anyone. Sending to a wrong address, or signing a transaction prepared by someone else, cannot be reversed.
- You pay the Solana network fees for your transactions.
05How it works and what it costs
INGOT is minted when you pay USDC into the vault; when you sell to the curve, USDC is paid back out of it. The price follows the vault by a fixed formula: 1.00 USDC until the vault holds 10,000 USDC, then every 10× in the vault is 3× in price.
| Action | Where it goes |
|---|---|
| Buy on the curve | Of the INGOT minted: 88% to you, 8% to the Forge, 2% to the code you entered with, 1% burned, 1% to the house |
| Sell to the curve | Of the INGOT sold: 1% burned, 3% to the Forge. Of the USDC paid out: 1% to the house |
| Early exit from a lock | Of the INGOT taken out: 80% to you, 10% burned, 10% to the Forge |
| Buy through someone else's link | A link fee of 0 to 2% of the USDC, chosen by the link's owner, paid to them before the curve. The Athanor app charges none |
- Locks last 3, 6 or 12 months and unlock day by day. Nothing is locked unless you choose it.
- The Forge pays out every day at 12:00 UTC to locked INGOT, in proportion to its weight (25%, 50% or 100% by term). What you receive is a share of emission and fees, and depends on activity; on a quiet day it is little.
- Codes. Everyone enters with a code, fixed at sign-up. A code receives 2% of the INGOT minted by the people who entered with it, for life, up to a cap set by what its owner locks. Above the cap, it waits until 72 hours after the end of the day (UTC), then goes to the Forge.
- Every trade is final. Purchases and sales on the curve execute at the price of that moment, set by the vault, and cannot be cancelled.
The figures shown before you sign are computed with the program's own arithmetic. If they differ from what the program applies, the program applies its rules.
06Risks
This is not a savings product. INGOT has no guaranteed value and no guaranteed return. Read the whole list before you put in anything.
- Price. The price follows the vault. If more people sell than buy, it falls, down to the floor, which can be far below what you paid. The floor is a bottom for the curve, not a promise of profit.
- Liquidity. Locked INGOT cannot be sold until it unlocks. An early exit costs 20% of what you take out. A large sale moves the curve against the seller.
- The Forge. What it pays depends on activity: purchases and sales on the curve, early exits, and commissions that expire above a cap. On a slow day it is little; on a day with none, nothing.
- The program. It cannot be changed after launch, by anyone.
- Your keys. Losing them loses everything in them. We cannot recover them.
- Solana. Network outages and changes to the network or the token program are outside our control.
- USDC. The vault holds USDC, a stablecoin issued by Circle. Its value and availability depend on its issuer, not on Athanor.
- Regulation. The treatment of tokens and referral programs differs by country and may change.
- Other markets. A price on an exchange or a DEX can differ from the curve. Trades there follow none of these rules.
07Other interfaces and third parties
The program is open to any interface. Wallets, bots, other websites and creators' buy links can prepare transactions for it; they are not ours, and we are not responsible for what they show, charge or do. A link fee they set is paid by the buyer and shown before signing.
The interface relies on services we do not control: your wallet, the Solana network, the servers that relay data from it, our hosting provider and block explorers. When they fail or change, the interface may not work as described.
The only official addresses and channels are those listed on the transparency page and on this website.
08What you may not do
- Use the interface for money laundering, fraud, sanctions evasion or anything else unlawful.
- Attack, overload or probe the interface or the servers behind it, or try to make it show false information.
- Pretend to be Athanor, its team or its official channels, or copy the interface to mislead people.
- Use someone else's wallet without their permission.
We may stop serving the interface to anyone who does. This does not affect the program: your INGOT and your locks stay where they are, and any other interface can still reach them.
09Names, content and code
The name Athanor, the furnace mark, and the text, design and code of the interface belong to the Athanor team. You may share links, screenshots and your own code freely.
The program's source code is published under the Business Source License 1.1: you may read it and check that it matches the program on-chain, and build interfaces that use the deployed program. Launching a copy or a derived version of the program is not permitted until the license changes to GPL-2.0-or-later, four years after publication.
10No warranties and limits of liability
The interface is provided as it is and as available. We do not promise that it will always work, be free of errors, or show data without delay.
To the extent the law allows, we are not liable for losses from: price changes; what the Forge pays or does not pay; transactions you sign; lost keys; the program working as published; wallets, networks, servers or other interfaces we do not control; or events outside our reasonable control.
Nothing in these terms limits liability that the law does not allow to be limited, or your rights as a consumer under mandatory law.
11Changes, taxes and contact
- Changes. We may update these terms. The date at the top shows the current version; material changes are announced on the website before they apply. The program's rules never change.
- Taxes. You are responsible for any taxes on what you buy, sell or receive.
- Contact. contact email
Effective from effective date.