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Privacy Policy

Last updated: December 2024

Your privacy is fundamental to us. This policy explains how we collect, use, and protect your information when you use DropFi. We are committed to transparency and protecting your digital rights.

1. Information We Collect

Account Information: When you create an account, we collect basic information such as your email address and wallet address. We do not require personal identification documents.

Transaction Data: We collect information about your transactions on the XRP Ledger, including trade history, liquidity positions, and portfolio balances.

Usage Analytics: We collect anonymous usage data to improve our platform, including feature usage, performance metrics, and error reports.

Technical Information: We may collect device information, IP addresses, and browser data for security and optimization purposes.

2. How We Use Your Information

Provide and maintain our DeFi platform services

Process transactions and manage your portfolio

Improve platform performance and user experience

Detect and prevent fraud or security threats

Comply with legal obligations and regulations

3. Data Sharing and Disclosure

We do not sell your personal information to third parties. Your data is valuable and we respect your privacy rights.

Service Providers: We may share data with trusted third-party services that help us operate our platform (e.g., cloud hosting, analytics tools).

Legal Requirements: We may disclose information if required by law, court order, or government request.

Security: We may share information to investigate, prevent, or take action against illegal activities or security threats.

4. Data Security

We implement industry-standard security measures to protect your information, including:

End-to-end encryption
Secure data centers
Regular security audits
Access controls

However, no method of transmission over the internet is 100% secure. We cannot guarantee absolute security but we continuously work to improve our security measures.

5. Your Privacy Rights

You have the right to:

Access: Request a copy of your personal data

Rectification: Correct inaccurate information

Erasure: Request deletion of your data

Portability: Export your data in a machine-readable format

Objection: Object to certain processing activities

6. Cookies and Tracking

We use essential cookies to provide core functionality and improve your experience. These cookies are necessary for the platform to work properly.

Analytics Cookies: We use anonymous analytics to understand how users interact with our platform and improve our services.

No Third-Party Tracking: We do not use third-party tracking cookies or sell your browsing data to advertisers.

You can control cookie settings through your browser preferences, though disabling essential cookies may affect platform functionality.

7. Policy Updates

We may update this privacy policy from time to time to reflect changes in our practices, technology, legal requirements, or other factors.

Notification: We will notify you of any material changes through the platform, email, or other appropriate means.

Continued Use: Your continued use of DropFi after changes become effective constitutes acceptance of the updated privacy policy.

Review: We encourage you to review this policy periodically to stay informed about how we protect your information.

Questions About Privacy?

If you have any questions about this Privacy Policy or how we handle your data, please contact us at support@dropfi.app

Last updated: December 2024