Terms of Service

Last updated: 22 September 2026

1. Who we are, and acceptance

Vela Wallet ("Vela") is made by MONDAY LABS LTD ("we"), a company registered in England and Wales (company number 16988118), 61 Bridge Street, Kington, HR5 3DJ, United Kingdom. These terms cover the website, the Vela apps and browser extension, and the backend services we run. By using any of them you agree to these terms; if you do not agree, do not use them.

2. Self-custody and your keys

Vela is a self-custodial wallet. Your wallet is a smart-contract account controlled only by the keys you create it with — passkeys held by your devices or password manager, other phones, or hardware security keys. We never hold those keys and cannot move, freeze, recover or reset your wallet or its funds.

  • A wallet has one to seven keys, chosen when you create it. They cannot be added, removed or replaced afterwards.
  • Any one of your keys can move all of your funds on its own. Whoever obtains one of your keys — or control of the account a synced passkey is stored in (for example your Apple or Google account) — may be able to take your funds. Protect every key and every such account.
  • If you lose every key you created the wallet with, the wallet cannot be recovered by anyone, including us.
  • Blockchain transactions cannot be reversed, cancelled or modified once submitted.

Creating a wallet publishes a permanent public record to a smart contract on the Gnosis blockchain, including your public keys, wallet name, key labels and wallet address. It cannot be edited or deleted. The Privacy Policy lists everything it contains.

3. Fees and purchases

  • Transaction fees. Every transaction pays a fee to the relay that submits it, taken from your wallet in the network's coin or a supported stablecoin. The amount is shown before you sign, is part of what you sign, and covers the network's gas plus the relay operator's margin, so it is more than the transaction's on-chain cost. How it is calculated is described in networks & fees. When you use our relay, the fee is paid to us; when you use another relay, or one you run, it is paid to that relay's operator. Fees are not refundable.
  • Relay top-ups. If a relay's own gas runs out on a network, the app may offer you the option to send it a contribution. Such a contribution is voluntary, is paid to the relay's operator, does not pay for your transaction, and is not refundable.
  • Apps. The web wallet, the browser extension and the desktop apps are free. Apps bought from an app store are sold on that store's terms; anything you are entitled to under consumer law is unaffected by these terms. You can also build any Vela app from its source code at no charge.

4. No financial advice

Vela is software for managing crypto assets. We do not provide investment, financial, tax or legal advice, and nothing we publish is a recommendation to buy, sell or hold any asset.

5. Services we run

We run the relay, the public-key index, the chain-data service and the exchange-rate service, and we provide them on a best-effort basis. They may be slow, unavailable, rate-limited, changed or discontinued, and the relay may delay or decline to submit a transaction. You can run your own instead; the self-hosting guide explains how, and what cannot be replaced.

6. Risks you accept

You acknowledge the risks of using blockchain software, including:

  • the price of crypto assets can fall, including to zero;
  • smart contracts can have undiscovered vulnerabilities — including the audited Safe, ERC-4337 and passkey contracts your wallet uses, and Vela's own registry contract;
  • Vela's own apps and services have not had an independent third-party security audit, and Vela is alpha software;
  • token issuers can freeze or blocklist addresses, and networks can congest, fork or fail;
  • laws and regulations can change and may affect your ability to use crypto assets.

7. Acceptable use

You must be at least 18 years old and allowed by the laws that apply to you to use Vela. Do not use Vela for anything unlawful, including sanctions evasion or fraud, and do not attack or overload the services we run.

8. Open-source software

Vela's source code is published under the licences in its repositories (for the wallet, the MIT License). The software is provided "as is", without warranty of any kind, to the extent the law allows.

9. Limitation of liability

To the maximum extent permitted by law, MONDAY LABS LTD is not liable for any loss of funds, data or profits arising from your use of Vela, including losses caused by software defects, smart-contract exploits, compromise of your keys or the accounts that hold them, or unavailability of any service. Nothing in these terms limits or excludes liability that cannot be limited or excluded by law, including liability for death or personal injury caused by negligence, or for fraud.

10. Changes

We may update these terms. When we do, the date at the top of this page changes. If you keep using Vela after a change, the updated terms apply.

11. Governing law

These terms are governed by the laws of England and Wales, and the courts of England and Wales have jurisdiction, without affecting any mandatory consumer protections where you live.

12. Contact

Email hello@mondaylabs.ltd, or open an issue on GitHub.