Last Updated: Aug 11th, 2025
These Terms of Service (the "Agreement") explain the terms and conditions by which you may access and use Lit Trade (as defined in Section 1 of this Agreement) as offered by Lit Technologies Inc. (referred to herein as "Lit Technologies Inc.", "we", "our", or "us") from time to time, as well as all products and services (the “Services”) offered by us in respect of and/or in connection with Lit Trade. You must read this Agreement carefully as it governs your use of Lit Trade and the Services. By accessing or using Lit Trade and/or any of the Services, you signify that you have read, understand, and agree to be bound by this Agreement in its entirety. If you do not agree, you are not authorized to access or use and should not access or use Lit Trade or any of our Services.
NOTICE: This Agreement contains important information, including a binding arbitration provision and a class action waiver, both of which impact your rights as to how disputes are resolved. Our Services are only available to you — and you should only access any of our Services — if you agree completely with the terms in this Agreement.
To access or use Lit Trade, you must be able to form a legally binding contract with us. Accordingly, you represent that you are at least the age of majority in your jurisdiction (e.g., 18 years old) and have the full right, power, and authority to enter into and comply with the terms and conditions of this Agreement on behalf of yourself and any company or legal entity for which you may access or use Lit Trade. If you are entering into this Agreement on behalf of an entity, you represent to us that you have the legal authority to bind such entity.
You further represent, warrant and agree that: (a) you are a person that is a member of any sanctions list or equivalent maintained by the United States government, the Canadian government, the United Kingdom government, the European Union or the United Nations (a “Sanctioned Person”); (b) you do not intend to use the Services to interact or transact with any Sanctioned Person; (c) your access and use of Lit Trade and any of our Services will fully comply with all applicable laws and regulations and the applicable terms and conditions of the Protocol (as defined below), including but not limited to any eligibility criteria in relation to the Protocol, and you are not otherwise restricted or prohibited by any government or regulatory authority from accessing and/or using the Services; (d) you will not access or use Lit Trade or any of our Services to conduct, promote, or otherwise facilitate any illegal activity; (e) your access and use of Lit Trade will not result in you, us or any third party to breach any applicable laws, decree or judgement of any court, or any award of any arbitrator or those of any governmental or regulatory authority in any jurisdiction; (f) all documents and information you provide to us are true, accurate, complete, and up to date in all respects, and may be relied upon by us in determining whether or not you are eligible to access and/or use Services; and (g) all decisions made in connection with this Agreement were solely and exclusively based on your own judgement and after your own independent appraisal of your financial resources, ability and willingness to take relevant risks and financial objectives.
This Agreement governs the trading interface accessible at lit.trade (the “LT Website”), its corresponding browser extension and mobile applications and all tools, applications, data, software and other Services provided by us in connection with the foregoing (collectively referred to herein as "Lit Trade").
Lit Trade is an interface that facilitates your access to a decentralized, permissionless, and community-driven blockchain protocol known as “Hyperliquid” (the “Protocol”). The Protocol is, in turn, a community-driven, peer-to-peer set of blockchain-based smart contracts and tools that enable, among other features, users of the Protocol to borrow and lend digital assets, as well as place digital assets as collateral in connection with borrowing and lending transactions. We do not own or operate the Protocol, and accordingly have no control over the products, services and/or transactions made available to you or executed by you on or through Protocol. All information provided on the Protocol in this Agreement are for informational purposes only and may be subject to change.
We may from time to time in the future offer additional products, features and services under Lit Trade. Unless expressly specified otherwise, such additional products, features and services shall be considered a Service as used herein, regardless of whether the product, feature or service is specifically defined in this Agreement.
We may collect or otherwise receive telemetry data in connection with your use of the Services (“Telemetry Data”). Telemetry Data means data and information generated by or collected about your use of the Services, the health and performance of the Services, and related technical information, excluding any personal information or data that could be used to identify you. Telemetry Data may be used to help us maintain, monitor, and improve the Services, and to ensure your compliance with this Agreement. Telemetry Data will be stored in aggregated and anonymized form and will not identify you or reveal any of your confidential information.
We reserve the right, in our sole discretion, to modify this Agreement from time to time. If we make any material modifications, we will notify you by updating the date at the top of the Agreement and by maintaining a current version of the Agreement at https://www.lit.trade/terms. All modifications will be effective when they are posted, and your continued accessing or use of any of the Services will serve as confirmation of your acceptance of those modifications. If you do not agree with any modifications to this Agreement, you must immediately stop accessing and using all of our Services.
We reserve the following rights, which do not constitute obligations of ours: (a) with or without notice to you, to modify, substitute, suspend, eliminate or add to any of the Services; (b) to review, modify, filter, disable, delete and remove any and all content and information from any of the Services. From time to time, we may restrict or suspend user access to some parts of the Services or the entire Services, including where we are directed to do so by any governmental or regulatory authority.
To use our Services, you must connect a digital asset wallet (the “Wallet”) which allows you to engage in transactions on blockchains. You may create or connect your Wallet directly or through certain integrated third-party services, such as Privy, which is an external self-custody wallet provider. Use of Privy is optional, and regardless of the method of connection, you retain full control of your digital assets at all times. You are responsible for making all arrangements necessary for you to have access to the Services.
To access the Services or some of the resources we offer, you may be asked to provide certain registration details or other information (including for anti-money laundering purposes). It is a condition of your use of the Services that all the information you provide on the Services is correct, current, and complete. You agree that all information you provide to register with this Services or otherwise, including, but not limited to, through the use of any interactive features on the Services, is governed by our Privacy Policy, and you consent to all actions we take with respect to your information consistent with our Privacy Policy.
If you choose, or are provided with, a username, password, or any other piece of information as part of our security procedures, you must treat such information as confidential, and you must not disclose it to any other person or entity. You also acknowledge that your account is personal to you and agree not to provide any other person with access to this Services or portions of it using your username, password, or other security information. You agree to notify us immediately of any unauthorized access to or use of your username or password or any other breach of security. You also agree to ensure that you exit from your account at the end of each session. You should use particular caution when accessing your account from a public or shared computer so that others are not able to view or record your password or other personal information.
We have the right to disable any username, password, or other identifier, whether chosen by you or provided by us, at any time in our sole discretion for any or no reason, including if, in our opinion, you have violated any provision of this Agreement.
Except for User Content (as defined below), the Services and its entire contents, features, and functionality (including but not limited to all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof) are owned by us, our licensors, or other providers of such material and are protected by international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws. You may not copy, imitate or use, in whole or in part, any of the foregoing content without the permission of the relevant owner.
The Services may allow you to create or submit information and content for us to publish or display (“post”) on or through the Services or transmit to other users of the Services or third parties (collectively, the "User Content"). You retain your rights to any User Content you create, submit, post, promote or display on or through the Services. By using the Services in conjunction with creating, submitting, posting, promoting, or displaying the User Content, you grant us, our affiliates and service providers (and each of their and our respective licensees and successors) a worldwide, non-exclusive, sublicensable, royalty-free license to use, copy, modify, and display any User Content, including but not limited to text, materials, images, files, communications, comments, feedback, suggestions, ideas, concepts, questions, data, or otherwise, that you submit or post on or through the Services for our current and future business purposes, including to provide, promote, and improve the Services.
You represent and warrant that you have, or have obtained, all rights, licenses, consents, permissions, power and/or authority necessary to grant the rights granted herein for any content that you create, submit, post, promote, or display on or through the Services. You agree that your User Content will not contain material subject to copyright or other proprietary rights, unless you have necessary permission or are otherwise legally entitled to post the material and to grant us the license described above. You further agree that your creation, submission, posting, promotion or display of the User Content does not violate any applicable laws.
When you use any of our Services, you may be using the products, services or content of one or more third parties. Our Services may also contain references or links to third-party resources, including, but not limited to, information, materials, products, or services, that we do not own or control. In addition, third parties may offer promotions related to your access and use of our Services. In each such case, you agree that you view, access or use such third party content and services at your own election.
You agree not to engage in, or attempt to engage in, any of the following categories of prohibited activity in relation to your access and use of the Interface:
You agree and understand that: (a) all trades and other transactions you submit through any of our Services are unsolicited, which means that they are solely initiated by you; (b) you have not received any investment advice from us in connection with any trades and/or other transactions and (c) we do not conduct a suitability review of any trades and/or transactions that you submit.
Each of the Services is a purely non-custodial application, meaning we do not ever have custody, possession, or control of your digital assets at any time...
We may suspend or terminate your access to and use of Lit Trade and/or any of the Services at our sole discretion, at any time and without notice to you. You may cancel your access at any time by emailing us at contact@lit.trade. Upon any termination, discontinuation, or cancellation of the Lit Trade or your access to Lit Trade, the following sections of this Agreement and such other provisions in this Agreement that by their nature are intended to survive, will survive: 1, 4, 5, 6, 7, 8, 9, 10 and 11.
BY ACCESSING AND USING ANY OF OUR SERVICES, YOU REPRESENT THAT YOU ARE FINANCIALLY AND TECHNICALLY SOPHISTICATED ENOUGH TO UNDERSTAND THE INHERENT RISKS ASSOCIATED WITH USING CRYPTOGRAPHIC AND BLOCKCHAIN-BASED SYSTEMS...
YOU RECOGNIZE THERE ARE CERTAIN INHERENT RISKS ASSOCIATED WITH TRANSACTIONS INVOLVING NON-FUNGIBLE TOKENS (“NFTS”). YOU AGREE AND ACKNOWLEDGE:
EACH OF OUR SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ANY REPRESENTATIONS AND WARRANTIES OF ANY KIND...
You agree to hold harmless, release, defend, and indemnify us and our officers, directors, employees, contractors, agents, affiliates, and subsidiaries from and against all claims, damages, obligations, losses, liabilities, costs, and expenses arising from: (a) your access and use of any of our Services; (b) your violation of any term or condition of this Agreement...
UNDER NO CIRCUMSTANCES SHALL WE OR ANY OF OUR OFFICERS, DIRECTORS, EMPLOYEES, CONTRACTORS, AGENTS, AFFILIATES, OR SUBSIDIARIES BE LIABLE TO YOU FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES...
All matters relating to the Services and these Terms, and any dispute or claim arising therefrom or related thereto (in each case, including non-contractual disputes or claims), shall be governed by and construed in accordance with the laws of the Republic of Panama.
Any dispute, controversy, difference or claim arising out of or relating to this contract... shall be referred to and finally resolved by arbitration administered by the Centre for Conciliation and Arbitration of Panama (CECAP) under the CECAP Administered Arbitration Rules... The seat of the arbitration shall be Panama City, Panama.
You must bring any and all Disputes against us in your individual capacity and not as a plaintiff in or member of any purported class action, collective action, private attorney general action, or other representative proceeding. This provision applies to class arbitration. You and we both agree to waive the right to demand a trial by jury.
These terms constitute the entire agreement between you and us with respect to the subject matter hereof. This Agreement supersedes any and all prior or contemporaneous written and oral agreements...
You may not assign or transfer this Agreement, by operation of law or otherwise, without our prior written consent...
In connection with your historic or current use of one or more of our Services, we may provide you certain incentives, prizes or rewards for completing certain activities, such as completing a certain number of transactions ("User Rewards")...
We are not registered with the U.S. Securities and Exchange Commission as a national securities exchange or in any other capacity...
We may provide any notice to you under this Agreement using commercially reasonable means, including using public communication channels. Notices we provide by using public communication channels will be effective upon posting.
If any provision of this Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any local, state, or federal government agency, such provision will be changed and interpreted to accomplish the objectives of the provision to the greatest extent possible under any applicable law and the validity or enforceability of any other provision of this Agreement shall not be affected.