These Terms of Service ("Terms") are a binding agreement between you and Aleo Labs Operations LLC ("Aleo Labs," "we," "us," "our") governing the Services. By downloading, installing, accessing, or using any Services, you agree to these Terms and to our Privacy Policy (incorporated by reference). If you do not agree, do not use the Services. If you accept on behalf of an organization, you represent you have authority to bind it, and "you" means that organization.
You must be at least 18 and have legal capacity. By using the Services you represent you meet these requirements and that your use complies with all laws applicable to you, including Section 9 (Acceptable use) and Section 10 (Sanctions and export compliance).
The Websites provide information about Aleo Labs and its products. The Alcove Wallet is a non-custodial software wallet to hold and transfer Digital Assets and interact with the Aleo network and certain Third-Party Services.
We may change, suspend, or discontinue the Websites and the backup and convenience features described in Section 7 (see Section 21). Once installed, the Alcove Wallet continues to run on your device independently of those, and you keep access to your Digital Assets using your Private Key.
We may also cease distributing the Alcove Wallet through any channel or in any territory. This does not affect an existing installation, your Private Key, or your Digital Assets.
The Alcove Wallet is currently free. Aleo Labs charges no fees to download or use it. You remain responsible for blockchain network (transaction) fees, except where sponsored via the Fee Master. Third-party services you choose may charge their own fees under their own terms, and acquired assets have their own costs. None of these are Aleo Labs fees. If we introduce fees, we will update these Terms and give notice (Section 21) before they take effect.
The Alcove Wallet is non-custodial. Only you can access your wallet. Aleo Labs does not hold, custody, or control your Private Key or Digital Assets, and cannot transfer, freeze, reverse, or recover them. If you lose your Private Key and have not backed it up, your wallet and Digital Assets are lost forever. You are solely responsible for safeguarding and backing up your Private Key and data, and for all activity through your wallet.
Export and keep your own copy of your Private Key. Your exported Private Key is the only way to reach your Digital Assets that does not depend on us, on an app store, or on any other party. Store it somewhere you control, and do so before moving to a new device.
Alcove cannot currently import a Private Key. An exported Private Key lets you reach your Digital Assets in another compatible Aleo wallet. It is not a way to restore your Alcove installation.
You may lose the use of the Alcove Wallet for reasons outside your control. An app store may stop offering it, whether by our decision, the store's, or a regulator's, and an app that is no longer offered may not be reinstallable, including from a device backup.
Moving to a new device requires your passkey to be available on that device. If it is not, your Alcove account and the backup associated with it cannot be recovered, and your Private Key cannot be recovered through Alcove.
In each of these cases your Digital Assets remain on the Aleo network and reachable with your exported Private Key using another compatible Aleo wallet. What matters is that you hold your Private Key.
Aleo Labs' inability to freeze or reverse does not mean that no one can. Digital Assets are subject to the rules of the networks, protocols, and issuers behind them. Third parties may hold capabilities over an asset or an address that Aleo Labs does not have and cannot influence. For USDCx specifically, see Section 8.6.
You accept the inherent risks of Digital Assets and blockchain technology:
You use the Services at your own risk.
We provide a backup server for quality-of-life features:
These are for convenience and should not be relied upon. You remain responsible for backing up your data, and we do not warrant backups will be available, complete, or recoverable.
If you lose both your passkey and your backup code, we cannot restore your backup. The backup is encrypted with a key only you hold, so we cannot read it, and your passkey is the only way to authenticate you to it. This is a consequence of the design: it is what allows the backup to exist without us being able to read what is in it.
Recovering a backup requires all of the following at the same time: a working installation of the Alcove Wallet, your passkey, your backup code, and our backup service being available and reachable from where you are. The backup service is only accessible through the app. If you cannot install or run the app, the backup cannot be recovered, whatever else you hold.
Your passkey is required, and the backup code is not an alternative to it. Recovering a backup needs the same passkey, and where a backup code is used, both the passkey and the code. If your passkey is not available on a new device, the backup cannot be recovered.
Whether your passkey moves to a new device depends on how you store it. Passkeys held by a platform or a password manager, for example Apple Passwords, Google Password Manager, or a third-party password manager, are commonly synchronized across your devices. Passkeys held on a hardware security key, and some created by a platform authenticator, are device-bound: they stay on that device and are not backed up or synchronized. If your passkey is device-bound and you lose the device, your backup cannot be recovered. Whether your passkey synchronizes is a function of the service and device you choose, and is not something we provide or control.
Your exported Private Key is the only route to your Digital Assets that does not depend on us. The backup features are a convenience and are not a substitute for it.
The Alcove Wallet integrates third-party services ("Third-Party Services"). We do not control or provide these services, and you use them at your own risk. Each is operated by the third party named below. If you use one, you do so under that provider's own terms and privacy policy. Contact the provider to review those documents. Aleo Labs is not a party to that relationship.
We are not responsible or liable for any Third-Party Service, including its availability, security, accuracy, or handling of your data or assets, and we make no representations about them. Third-party names and descriptions are provided for convenience and may change.
Infrastructure from Circle Internet Group and subsidiaries, including Circle Internet Financial, Circle Technology Services, and Arc Network Services. Comprising xReserve, the non-custodial infrastructure holding the USDC that backs USDCx; CCTP, for cross-chain USDC transfers; and Arc, Circle's stablecoin network.
Intent-based cross-chain execution ("Intents Technology"). Its terms state that "Confidential Mode" does not guarantee anonymity, untraceability, or non-disclosure.
Delaware. Provides delegated proving and the record-scanning service the wallet uses. What the wallet sends to each is described in the Privacy Policy.
Network transaction fees may be sponsored or paid via the Fee Master, a publicly accessible service provided by the Aleo Network Foundation. It is the Foundation's service, provided under the Foundation's own terms.
The public, open-source Aleo blockchain. Decentralized software, not a single-company service. There are no separate consumer terms or privacy policy; it is governed by applicable open-source licenses.
The Alcove Wallet supports USDCx, a private stablecoin on Aleo backed 1:1 by USDC held in xReserve contracts. Aleo Labs does not issue, deploy, mint, redeem, back, guarantee, custody, operate, or control USDCx. Privacy features apply only while an asset is on Aleo. Bridging elsewhere removes them.
Two capabilities over USDCx accounts and addresses exist, and neither belongs to Aleo Labs:
Both capabilities are held and exercised by third parties, under arrangements that Aleo Labs is not party to, has no visibility into, and cannot control, limit, or verify. Aleo Labs does not hold or use a USDCx view key, cannot cause an address to be frozen or unfrozen, and is not entitled to notice when either capability is exercised.
USDCx is issued and deployed by a third party and backed by USDC held in Circle-operated infrastructure. Aleo Labs is a separate legal entity from that issuer, the Aleo Network Foundation, Provable, and Circle.
Any features that let you acquire, mint, swap, convert, or redeem USDCx or any asset are provided solely as a convenience and route to independent third parties, such as licensed on-ramps and off-ramps, Circle xReserve, and decentralized protocols like NEAR Intents. Those third parties are solely responsible for their services, including issuance, backing, reserves, redemption, availability, pricing, and legal and regulatory compliance. That includes any authorization, registration, licensing, or disclosure under electronic-money, EMT, stablecoin, money-transmission, financial-services, or securities laws. You transact with them directly and at your own risk under their terms.
Aleo Labs is not a money transmitter, money services business, bank, e-money or electronic-money institution, payment institution, stablecoin issuer, exchange, broker-dealer, custodian, or bridge, and provides no regulated financial service. Aleo Labs makes no representation that USDCx or any asset is available, offerable, or lawful to acquire, hold, or use in your jurisdiction. That is your responsibility and, as applicable, the issuer's or provider's. These convenience features may be changed, limited, or removed at any time, including by region, without notice. Nothing in the Services is an offer of, or solicitation to acquire, USDCx or any digital asset by Aleo Labs.
The Services are for users with a legitimate need for privacy or confidentiality. Any illegal or illicit use is strictly prohibited. You agree not to do any of the following, and not to let any third party do them:
Where we believe in good faith that use of the Services violates these Terms or the law, we may decline to provide the backup and convenience features described in Section 7, and we will respond to lawful process. Because the Alcove Wallet is non-custodial and runs on your device, we cannot prevent you from using it or from accessing your Digital Assets.
You further represent that any Digital Assets you use with the Services:
This Section applies to the Services. It does not apply to Open-Source Code (Section 17).
Use of the Services is restricted under U.S. sanctions and export-control law, including OFAC. This Section is the authoritative statement of the restricted persons, restricted jurisdictions, and representations referenced elsewhere in these Terms and in the Privacy Policy.
Prohibited persons and entities:
Prohibited jurisdictions:
Your representations:
We may block or refuse access to the Websites and to the backup and convenience features described in Section 7 where use would violate these requirements, including by restricting access from prohibited jurisdictions.
Cryptographic software. The Alcove Wallet includes cryptographic software. Your country may restrict the import, possession, use, or re-export of encryption software, and you are responsible for complying with the laws of your jurisdiction. See the Wassenaar Arrangement for background on national controls.
This Section applies to the Services. It does not apply to Open-Source Code (Section 17).
USDCx is private, but that privacy is not absolute. USDCx accounts have view keys, and USDCx addresses are subject to freezing. Both capabilities sit with third parties under arrangements Aleo Labs is not party to, has no visibility into, and cannot control, limit, or verify. See Section 8.6.
Aleo Labs does not hold or use a view key and does not read your activity on the servers it operates. What the wallet sends to the third-party services it uses is described in the Privacy Policy.
Aleo Labs supports efforts to stop and identify those who abuse the Services, and may cooperate with regulators and law enforcement where we believe in good faith that it is legally required or necessary to prevent harm or unlawful activity. How we handle information is described in the Privacy Policy.
The Services are provided "as is" and "as available," with all faults and without warranty of any kind. To the fullest extent permitted by law, Aleo Labs disclaims all warranties, express, implied, statutory, or otherwise, including merchantability, fitness for a particular purpose, title, non-infringement, and any arising from course of dealing or trade usage. We do not warrant that the Services will be uninterrupted, secure, error-free, or free of harmful components, that defects will be corrected, or that any data, including backups, will be preserved, accurate, or recoverable. No advice obtained from Aleo Labs or the Services creates any warranty not expressly stated here. Some jurisdictions do not allow certain exclusions, so some may not apply to you.
The Services and related content are general information only and are not financial, investment, legal, tax, or accounting advice. Aleo Labs is not your broker, dealer, exchange, financial advisor, or fiduciary. You are solely responsible for your decisions. Consult your own advisors before transacting.
To the fullest extent permitted by law, Aleo Labs and its affiliates (and their officers, directors, employees, agents) will not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of profits, revenue, data, goodwill, or Digital Assets (including from lost or compromised Private Keys, failed or irreversible transactions, the freezing of any address by a third party, or the acts or omissions of any Third-Party Service), arising out of or relating to these Terms or the Services, on any theory, and whether or not advised of the possibility.
To the fullest extent permitted by law, Aleo Labs's total aggregate liability arising out of or relating to these Terms or the Services will not exceed the greater of (a) the total fees you paid Aleo Labs for the Services in the 90 days before the event giving rise to the claim and (b) US$100.
Some jurisdictions do not allow certain exclusions or limitations, so the above may not apply to you in full. Nothing here excludes or limits liability that cannot be excluded or limited under applicable law, which may include, depending on jurisdiction, death or personal injury caused by negligence, fraud or fraudulent misrepresentation, or gross negligence or willful misconduct, or any non-waivable statutory or consumer-protection rights.
To the fullest extent permitted by law, you will indemnify, defend, and hold harmless Aleo Labs and its affiliates and their officers, directors, employees, and agents from third-party claims, and from liabilities, damages, losses, and reasonable expenses arising from them, to the extent the claim arises out of:
This applies only to claims brought by a third party. It does not apply to any dispute between you and Aleo Labs, and it does not apply to the extent a claim arises from Aleo Labs' own acts or omissions.
We will notify you promptly of any claim for which we seek indemnification. You may control the defense with counsel reasonably acceptable to us, provided that you may not settle any claim in a way that imposes any obligation or admission on us without our prior written consent. We may participate in the defense with our own counsel at our own expense.
As between you and Aleo Labs, Aleo Labs and its licensors own all right, title, and interest in the Services, excluding Third-Party Services and open-source components, which are governed by their own licenses. Subject to these Terms, Aleo Labs grants you a limited, personal, non-exclusive, non-transferable, revocable license to use the Services for their intended purpose. Where a component is made available under an open-source license, that license governs it and controls over these Terms for that component. All rights not expressly granted are reserved.
"Alcove" and the Alcove Wallet name and logo are marks of Aleo Labs (trademark application filed and pending). "Aleo" and related names, logos, and marks associated with the Aleo network and protocol are owned by the Aleo Network Foundation and used by Aleo Labs under license from the Foundation, and goodwill inures to the Foundation. You may not use any of these marks without the owner's prior written consent.
Where Aleo Labs makes source code publicly available under an open-source license, that license alone governs your use of that code.
Open-Source Code is not part of the Services. These Terms do not apply to Open-Source Code, and nothing in these Terms limits, conditions, or terminates any right granted to you under that license. This includes any restriction on use, representation, condition, license limitation, suspension right, or termination right. Open-Source Code is provided subject to the warranty disclaimer and limitation of liability set out in its own license. Where any provision of these Terms conflicts with an open-source license applicable to Open-Source Code, that license controls.
If you submit feedback, you grant Aleo Labs a perpetual, irrevocable, worldwide, royalty-free license to use and exploit it for any purpose without obligation or compensation.
Informal resolution. Before a formal dispute, contact us (Section 24) and attempt informal resolution for at least 30 days.
Binding arbitration (mutual). Except where prohibited by applicable law and subject to the "Consumers in the EEA and UK" provision below, any dispute arising out of or relating to these Terms or the Services will be resolved by final and binding arbitration, applying equally to you and Aleo Labs. It will be administered by either the AAA or JAMS under its then-current applicable rules, including any consumer and mass-arbitration or supplementary rules, before a single arbitrator, seated in Wilmington, Delaware. If the parties do not agree on the administrator, the AAA administers. Judgment on the award may be entered in any court of competent jurisdiction.
Hearing location for consumers. If you are a consumer, any hearing will be held remotely, or in or near your locale, as the administrator's consumer rules provide. Nothing in the seat of arbitration requires you to travel to Wilmington.
Carve-outs. Arbitration is not required for:
Class-action waiver. To the fullest extent permitted by applicable law, you and Aleo Labs may bring claims only in an individual capacity, and not as a plaintiff or class member in any class, collective, or representative proceeding. No arbitrator or court may consolidate or join more than one person's claims, except as expressly provided in "Coordinated (mass) arbitration" below.
Coordinated (mass) arbitration. If 25 or more arbitration demands of a similar nature are filed against Aleo Labs by or with the coordination or assistance of the same or coordinated counsel, the demands will be administered in staged batches for efficiency:
Administrative and filing fees for stayed demands are not incurred until those demands are activated in a batch. This provision is to be enforced by the arbitrator and administrator under their applicable mass-arbitration or supplementary rules. If it is held unenforceable as to any set of demands, those demands proceed in court, where the class-action waiver still applies.
Consumers in the EEA and UK. If you are a consumer habitually resident in the European Economic Area or the United Kingdom, the binding-arbitration and class-action-waiver provisions above do not apply to you to the extent they would be unenforceable or unfair under the mandatory consumer-protection laws of your country of residence. You may bring proceedings in the courts of your place of residence, and nothing in these Terms deprives you of the protection of the mandatory provisions of the law of your habitual residence. See also Section 20.
Opt-out. You may opt out of this arbitration agreement by written notice to us (Section 24) within 30 days of first accepting these Terms. Opting out does not affect any other part of these Terms.
These Terms and any related dispute are governed by Delaware law, without regard to conflict-of-laws principles. Subject to Section 19, the state and federal courts in New Castle County (Wilmington), Delaware have exclusive jurisdiction, and you consent to personal jurisdiction and venue there. If you are a consumer habitually resident in the EEA or the UK, this choice of law and forum does not deprive you of the protection of the mandatory consumer-protection laws of your country of residence, and you may be entitled to bring proceedings in, and to the application of the mandatory laws of, that country.
We may change, suspend, or discontinue the Websites and the backup and convenience features described in Section 7, and may cease distributing the Alcove Wallet through any channel or in any territory. Once installed, the Alcove Wallet continues to run on your device.
We may update these Terms. The current version of these Terms is available on the Websites, linked from within the app, and shows its effective date. A material change takes effect on the effective date shown, and your continued use of the Services after that date constitutes acceptance.
If you do not accept a change, stop using the Services. Your wallet, your Private Key, and your Digital Assets are unaffected by that choice, and you may continue to use them with compatible software.
If we discontinue the Websites, these Terms as last in effect continue to apply to your existing use of the Services.
You may stop using the Services at any time.
Where we believe in good faith that it is necessary to comply with law, including Section 10, or to protect the Services or other users, we may decline to provide, or may discontinue, the backup and convenience features described in Section 7 and access to the Websites. We will give reasonable notice where it is practicable to do so.
Because the wallet is non-custodial, none of this affects your ability to use the Alcove Wallet or to access your Digital Assets using your Private Key with compatible software. This is a statement about Aleo Labs only. It does not affect the position where a third party has frozen an address (Sections 6 and 8.6).
This Section does not apply to Open-Source Code (Section 17). Sections that by nature should survive, including 6, 8, 12 to 20, and 23, survive.
Questions about these Terms: legal@aleolabs.io.