Privacy Policy
Last updated: Mar 18, 2025
Fabric Blockchain Labs, Inc. ("Company," "we," "us," or "our"), the developer of Polyester, a decentralized asset-wrapping platform on Polyester Chain, is committed to safeguarding your privacy. This Privacy Policy explains our practices regarding the collection, use, sharing, and protection of your information when you use Polyester's services ("Services"). As a decentralized and non-custodial platform, Polyester collects minimal data, primarily for compliance and security purposes. By using Polyester, you agree to the terms outlined in this policy.
1. Information We Collect
Polyester operates with a privacy-first approach and does not collect personal identifiers such as your name, email address, or other personally identifiable information (PII). We collect only the following limited data:
- Wallet Addresses: When you connect a
non-custodial wallet (e.g., MetaMask, Coinbase Wallet) to Polyester, we collect your
wallet address to:
- Enable asset deposits and the minting of wrapped assets.
- Perform compliance screening against the U.S. Office of Foreign Assets Control (OFAC) sanctions list using TRM Labs.
- IP Addresses: We may collect your IP
address to:
- Implement access controls, such as IP-based blocking, if required by law or for operational reasons.
- Monitor and prevent platform abuse.
No additional personal data is collected or stored by Polyester.
2. How We Use Your Information
We use the limited information we collect exclusively for the following purposes:
- Compliance: Wallet addresses are screened through TRM Labs to ensure compliance with OFAC sanctions and prevent illicit activity.
- Security and Access Control: IP addresses may be used to restrict access from certain regions or to protect against malicious behavior, maintaining the platform's integrity.
- Service Operation: Wallet addresses are essential for processing deposits, minting wrapped assets, and interacting with Polyester Chain.
We do not use your information for marketing, analytics, or any purposes beyond what is necessary for Polyester's operation and security.
3. Data Sharing and Third-Party Services
Polyester does not sell, trade, or share your information for marketing purposes. However, limited sharing occurs for compliance and operational needs:
- TRM Labs: Wallet addresses are shared with TRM Labs for OFAC compliance screening. TRM Labs processes this data solely for this purpose and does not retain or repurpose it.
- Blockchain Networks: As a decentralized platform, your wallet address and transaction details are recorded on Polyester Chain and other supported blockchains (e.g., Bitcoin, Ethereum). This data is publicly accessible due to the nature of blockchain technology, which is beyond our control.
IP addresses are not shared with third parties unless legally required or necessary to protect Polyester's security.
4. Data Retention
We retain your information only as long as needed to fulfill the purposes described in this policy:
- Wallet Addresses: Retained temporarily during compliance screening and transaction processing. Once these processes are complete, we do not store your wallet address.
- IP Addresses: Retained only for the duration of your session or as required for access control enforcement. Long-term storage of IP logs is not maintained.
Our goal is to minimize retention, consistent with Polyester's decentralized and privacy-focused design.
5. Your Rights
Because Polyester does not collect personal identifiers, traditional privacy rights (e.g., access, correction, or deletion of personal data) may not fully apply. However:
- Wallet Address Screening: If your wallet address is flagged during OFAC screening, access to Polyester may be denied. You can contact us (see Section 9) for clarification, though we cannot modify blockchain data or reverse transactions.
- IP Address: If you believe your IP address was incorrectly blocked, you may reach out to request a review.
6. Security of Your Information
While Polyester does not store personal data, we prioritize security for the data we process:
- Blockchain Security: Transactions are protected by Polyester Chain's cryptographic protocols and consensus mechanisms.
- Compliance Screening: Wallet addresses are transmitted to TRM Labs using industry-standard encryption.
- No Centralized Storage: We avoid maintaining centralized databases of user information, minimizing breach risks.
Note that you are responsible for securing your wallet and private keys, as Polyester cannot recover lost assets or access your wallet.
7. International Users
Polyester is available globally, but access may be restricted in certain regions via IP blocking due to legal or operational requirements. By using Polyester, you confirm compliance with your local laws. We do not guarantee the legality of Polyester in your jurisdiction.
8. Changes to This Privacy Policy
We may revise this Privacy Policy to reflect changes in our practices or legal obligations. Updates will be posted, with the "Last Updated" date revised accordingly. Your continued use of Polyester after such changes signifies your acceptance of the updated policy.
9. Contact Us
For questions or concerns about this Privacy Policy, please contact:
Fabric Blockchain Labs, Inc.
2980 NE 207th St, Suite 336
Aventura, FL 33180
Email: privacy@polyester.trade
Frequently Asked Questions
Polyester operates with a privacy-first approach, collecting minimal data. We primarily collect wallet addresses for compliance screening against OFAC sanctions and IP addresses for access control and platform security. We do not collect personal identifiers such as your name, email address, or other personally identifiable information (PII).
Your wallet address is collected to enable asset deposits, the minting of wrapped assets, and to perform compliance screening through TRM Labs to ensure adherence to OFAC sanctions. It is essential for interacting with Polyester Chain and other supported Chains.
Polyester does not sell, trade, or share your information for marketing purposes. Limited sharing occurs only for compliance and operational needs, specifically with TRM Labs for OFAC screening. Your wallet address and transaction details are also recorded on public blockchain networks, which is inherent to decentralized technology.
We retain your information only as long as needed for the purposes described in this policy. Wallet addresses are retained temporarily during compliance screening and transaction processing and are not stored long-term. IP addresses are retained only for the duration of your session or as required for access control enforcement, with no long-term storage of IP logs.
Given that Polyester does not collect personal identifiers, traditional privacy rights like access, correction, or deletion of personal data may not fully apply. However, if your wallet address is flagged during OFAC screening or your IP address is incorrectly blocked, you may contact us for review and clarification.