Terms of Use

1. What Exos is

Exos is a non-custodial software interface to Hyperliquid, a third-party decentralised trading protocol. Exos is not an exchange, broker, dealer, custodian, money transmitter, or financial adviser. Exos never holds, controls, or has access to your funds or private keys. Every order is signed on your own device by keys you control and executed by the Hyperliquid protocol, not by Exos. Neither Exos nor the Hyperliquid protocol is licensed, registered with, or endorsed by any financial regulator, and no regulator has reviewed this interface. [COUNSEL: entity name, registration number, and jurisdiction to be inserted on incorporation.]

2. Eligibility and restricted regions

You must be at least 18 years old and legally able to use leveraged derivatives products where you live. Exos is not offered to persons located in, incorporated in, or residents of the United States, the United Kingdom, Australia, the United Arab Emirates, Belgium, the Province of Ontario (Canada), or any jurisdiction subject to comprehensive sanctions (including Cuba, Iran, North Korea, Syria, Russia, and Myanmar), and access from those regions is blocked. By connecting a wallet you represent that you meet these requirements and are not a person described above. Circumventing region restrictions (for example with a VPN) is a breach of these terms, and anything you do after circumventing them is entirely at your own risk. [COUNSEL: confirm final restricted list.]

3. Your keys, your responsibility

You are solely responsible for your wallet, private keys, seed phrases, and device security. Exos cannot freeze, recover, or reverse anything. The optional trading session key is generated in your browser, can only sign orders, expires with your browser session, and can never withdraw or transfer funds.

4. Fees

Exos charges a builder fee of 0.03% (3 basis points) of order notional, attached to orders routed through this interface and collected by the Hyperliquid protocol. You approve exactly this rate before trading and can revoke the approval at any time in Settings. A referral discount, where active, reduces the fee actually charged below the approved ceiling; the effective rate is always displayed in the order form. Hyperliquid's own trading and withdrawal fees apply separately and are set by the protocol, not by Exos.

5. Points, referrals, and competitions

Points recognise early use of Exos. They are not money, securities, property, or an entitlement to anything; they have no monetary value; their final form is undecided and they may never convert into anything. Self-referral, wash trading, Sybil activity, and any manipulation of the points, referral, or competition systems are disqualifying, and Exos may adjust or remove standings obtained that way. Competitions are free to enter, never charge an entry fee, and are judged on published skill-based criteria (such as return on invested equity or cohort placement), with prize pools funded from fee revenue and set at Exos's discretion; the Fair-Play Policy applies to all of them. Referral revenue-sharing is paid from fees actually received, at the rates displayed in the app at the time, and may be modified prospectively. Programme rules in effect are published in the app and may change before public launch; changes after public launch will not reduce points already earned.

6. No advice, no reliance

Nothing in this interface is investment, legal, or tax advice, or a recommendation to trade anything. Market data, charts, and analytics are provided as-is from third-party sources and may be delayed or wrong.

7. Prohibited use

You may not use Exos for anything unlawful, including market manipulation, sanctions evasion, or money laundering; you may not attack, probe, scrape at scale, or disrupt the interface or its supporting services.

8. Testnet

During Season 0 the interface points at Hyperliquid's testnet. Testnet funds have no value, testnet performance does not represent mainnet behaviour, and features may change or reset without notice.

9. Disclaimers and limitation of liability

Exos is provided "as is" and "as available" without warranties of any kind. To the maximum extent permitted by law, Exos and its contributors are not liable for any loss arising from your use of the interface or the underlying protocol, including trading losses, liquidations, protocol failures, oracle errors, network downtime, wallet or key compromise, or actions of third parties. Where liability cannot be excluded, it is limited to the builder fees you paid to Exos in the three months before the claim. [COUNSEL: confirm cap and carve-outs per governing law.]

10. Indemnity

You will indemnify Exos against claims arising from your breach of these terms or your unlawful use of the interface.

11. Changes and termination

These terms may be updated; the date above changes when they are, and continued use is acceptance. Exos may restrict access to the interface where required by law or to protect the service. Because Exos is non-custodial, restricting interface access never touches your funds, which remain yours on the protocol.

12. Tax

You are solely responsible for determining and paying any taxes that apply to your trading, rewards, referral earnings, or prizes. Exos does not withhold, report, or advise on tax in any jurisdiction.

13. Intellectual property

The Exos name, marks, interface design, and code are owned by Exos or its licensors. Using the interface grants you no rights in them beyond ordinary personal use of the app.

14. Governing law and disputes

[COUNSEL: governing law, forum, arbitration clause, and class-action waiver pending entity decision. Placeholder only during testnet.]