Privacy Policy
1. Introduction
This Privacy Policy explains how Bound Exchange, a platform for the trading of digital assets on Bitcoin, and other cryptocurrencies handles data. Like other AMM protocols, we operate via software and aim to facilitate peer-to-pool trading without intermediaries. We also operate an RFQ lending protocol utilizing a similar architecture. We prioritize transparency while acknowledging the public nature of blockchain interactions.
2. Information We Collect
Our data collection is minimal and shaped by our structure:
Blockchain Data: When you connect a wallet to our platform or interface, we collect your publicly available blockchain address and transaction details (e.g., token swaps, amounts). This data is logged on-chain and inherently visible to anyone via blockchain explorers.
Passkey Accounts: When you create an account we collect a cryptographic Public Key, a credential ID (a unique identifier for that specific passkey), a AAGUID (identifies the authenticator model/type, not the specific device), and a user handle (your internal account/database ID).
Usage Data: If you use our front-end interface (e.g., a website), we may collect anonymized off-chain data such as device type, browser version, or interaction logs (e.g., clicks on the interface).
Voluntary Data: If you contact us (e.g., via support channels), any info you provide (e.g., email) is processed only for that purpose.
3. How We Use Your Information
Transaction Processing: Blockchain data enables trade execution and liquidity provision, core to our AMM functionality.
Improvement: Usage data helps us optimize the interface.
Security: We may screen wallet addresses against illicit activity, to prevent harm or comply with legal standards.
4. Data Sharing and Disclosure
Public Blockchain: All on-chain activity (e.g., trades, liquidity provision) is public and immutable, beyond our control.
Third Parties: We may share wallet addresses with service providers for technical support or risk assessment.
Legal Obligations: If compelled by law, we may disclose data, though our platform setup limits our ability to do so.
5. Data Security
We secure any off-chain data we control (e.g., interface logs) with industry-standard measures like encryption. However, we're not responsible for blockchain security or your wallet's safety - users must protect their private keys.
6. User Rights and Choices
Transparency: Check your on-chain activity via blockchain explorers.
Opt-Out: You can disable interface cookies, if applicable, though core AMM use relies on blockchain interaction.
No Accounts: We don't maintain user accounts, so there's no personal data to delete - your wallet is your control point.
7. Changes to the Policy
We may update this policy, posting changes on our site or governance channels.
8. Contact Information
Reach us at hi@bound.exchange for questions.
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