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. EXOS is operated by its founding team pending incorporation; this section will be updated with the operating entity's name, registration number, and jurisdiction upon 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). Access from comprehensive-sanctions jurisdictions is blocked by location. For every other restricted region, the restriction is yours to honour: each time you connect a wallet or use the service through any client, including an AI assistant acting for you, you represent that you are not a person described above, that your use is lawful where you are, and that you are not using a VPN or any other means to conceal your location. Circumventing these restrictions is a breach of these terms, and anything you do after circumventing them is entirely at your own risk.

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 0.035% of order notional, attached to orders routed through this interface and collected by the Hyperliquid protocol. The on-chain approval you sign covers a ceiling of 1.000%; the fee actually charged is always displayed in the order form, can be reduced by referral discounts, and can never exceed the ceiling you approved. You can revoke the approval at any time in Settings. 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 and legion 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.

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

These terms are governed by the laws of the British Virgin Islands. Any dispute arising out of or in connection with these terms or your use of EXOS shall be finally resolved by binding arbitration seated in the British Virgin Islands, conducted in English before a single arbitrator. You and EXOS each waive any right to bring or join a class, collective, or representative action; disputes are resolved on an individual basis only. Nothing in this section prevents either party from seeking interim relief from a court of competent jurisdiction.