Hyperliquid — Terms

Acceptance of Terms

By accessing, browsing, or using the Hyperliquid interface available at hyperliquid.xyz, or by interacting with any associated smart contracts, APIs, or decentralized applications, you agree to be bound by these Terms of Service in their entirety. These terms constitute a legally binding agreement between you and the operators of the interface. If you do not agree with any provision of these terms, you must immediately cease using the platform. Your continued use of the service following any amendment to these terms constitutes your acceptance of the revised agreement. The platform reserves the right to update or modify these terms at any time, and it is your responsibility to review them periodically. Access to the interface is conditioned upon your ongoing compliance with all applicable terms and the policies incorporated by reference herein.

Eligibility to Use Hyperliquid

Use of this exchange is restricted to individuals who meet all applicable eligibility criteria. You must be at least 18 years of age, or the age of legal majority in your jurisdiction if higher, to use the service. By accessing the platform, you represent and warrant that you meet this age requirement and that you have the legal capacity to enter into binding contracts under the laws of your jurisdiction. Access to the platform may be restricted or prohibited in certain jurisdictions based on local laws and regulations governing cryptocurrency trading and financial services. It is your sole responsibility to determine whether your use of the interface is lawful in your jurisdiction. Residents of sanctioned countries or individuals appearing on applicable sanctions lists are strictly prohibited from using the service, and the platform reserves the right to implement technical measures to enforce these restrictions.

Account and Wallet Terms

The platform operates on a non-custodial basis, meaning that access is governed by your blockchain wallet rather than a traditional username-and-password account system. You are solely responsible for the security of your wallet credentials, including your private keys and seed phrases. The service never requests, stores, or has access to your private keys at any point. Any transactions initiated through your connected wallet are irreversible once confirmed on-chain, and the platform bears no liability for losses resulting from unauthorized access to your wallet caused by your failure to maintain adequate security. You agree not to share wallet access with third parties in a manner that could expose the service to abuse, and you accept full responsibility for all activity conducted through wallets you control. If you suspect unauthorized access to your wallet, you must take immediate action at the wallet level, as the platform has no ability to freeze or reverse on-chain transactions on your behalf.

Use of the Service

You are granted a limited, non-exclusive, non-transferable, and revocable license to access and use the interface for personal or professional trading purposes in accordance with these terms. The service is provided as an interface layer that facilitates interaction with the underlying Hyperliquid L1 protocol and associated smart contracts. The platform does not guarantee continuous, uninterrupted access to the interface, and maintenance windows, technical upgrades, or unforeseen outages may temporarily affect availability. You acknowledge that trading cryptocurrency derivatives and spot assets carries significant financial risk, including the potential loss of your entire investment, and that the platform makes no representations regarding the profitability or suitability of any trading activity. All trading decisions are made solely by you, and the interface is a tool — not a financial advisor. The service reserves the right to modify, suspend, or discontinue any feature of the interface at any time without prior notice.

Intellectual Property

All intellectual property rights in the interface, including but not limited to software code, design elements, graphical assets, trademarks, and written content, are owned by or licensed to the operators of the platform. Nothing in these terms grants you any ownership interest in or license to use the intellectual property of the service beyond the limited access rights expressly described herein. You may not copy, reproduce, distribute, modify, reverse engineer, decompile, or create derivative works based on the interface or its underlying technology without express written permission. The open-source components of the Hyperliquid protocol that are publicly available under applicable open-source licenses remain subject to those specific license terms. Any feedback, suggestions, or ideas you submit regarding the platform may be used by the service without compensation or attribution, and by submitting such feedback, you grant an irrevocable, royalty-free license to use it in any manner.

Prohibited Conduct on Hyperliquid

Users of this exchange are strictly prohibited from engaging in conduct that is unlawful, harmful, or disruptive to the integrity of the platform or its user community. Prohibited activities include, without limitation: market manipulation, wash trading, spoofing, layering, or any other trading practice designed to create artificial price movements or mislead other market participants; accessing the interface from a jurisdiction where such access is legally prohibited; using automated tools, bots, or scripts to interact with the interface in ways that degrade performance or circumvent access controls without authorization; uploading or transmitting malware, viruses, or other malicious code; impersonating the platform, its team, or other users; and attempting to gain unauthorized access to any component of the service's infrastructure. Violation of these prohibitions may result in immediate termination of your access, referral to relevant law enforcement authorities, and civil liability for damages caused to the platform or its users.

Disclaimers and No Warranties

The interface and all associated services are provided on an 'as is' and 'as available' basis without warranties of any kind, whether express, implied, statutory, or otherwise. The platform expressly disclaims all implied warranties, including but not limited to implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement. The service does not warrant that the interface will be free from errors, bugs, security vulnerabilities, or interruptions, nor does it warrant that any particular trade will be executed at a specific price or within a specific time. Cryptocurrency markets are inherently volatile and unpredictable; nothing communicated through the interface constitutes investment advice, and past performance of any asset is not indicative of future results. You assume all risk associated with your use of the platform, including the technological risks inherent to blockchain-based systems and the financial risks inherent to leveraged trading.

Limitation of Liability

To the maximum extent permitted by applicable law, the operators of the platform, including all affiliates, directors, officers, employees, contractors, and agents, shall not be liable to you for any indirect, incidental, special, consequential, punitive, or exemplary damages arising out of or related to your use of the interface or the underlying protocol. This limitation applies regardless of the theory of liability — whether in contract, tort, negligence, strict liability, or otherwise — and even if the platform has been advised of the possibility of such damages. In jurisdictions that do not permit the exclusion or limitation of certain categories of damages, liability is limited to the fullest extent permitted by law. In no event shall the aggregate liability of the service to you for all claims arising from your use of the platform exceed the greater of one hundred US dollars or the total fees paid by you to the platform in the thirty days preceding the event giving rise to the claim.

Indemnification

You agree to indemnify, defend, and hold harmless the operators of this exchange and all associated affiliates, officers, directors, employees, contractors, and agents from and against any and all claims, damages, losses, liabilities, costs, and expenses — including reasonable legal fees — arising out of or related to your use of the interface, your violation of these terms, your violation of any applicable law or regulation, or your infringement of any third-party rights. This indemnification obligation survives the termination of your access to the platform and the expiration of these terms. The service reserves the right, at its own expense, to assume exclusive defense and control of any matter subject to indemnification by you, in which case you agree to cooperate fully with the platform's defense of such claims. You may not settle any indemnified claim without the prior written consent of the platform.

Dispute Resolution

Any dispute, claim, or controversy arising out of or relating to these terms or your use of the interface shall be resolved through binding arbitration rather than in court, except where applicable law prohibits such a requirement or where you seek injunctive relief to prevent imminent irreparable harm. Arbitration proceedings shall be conducted on an individual basis, and you waive any right to participate in a class action lawsuit or class-wide arbitration. The arbitration shall be governed by the rules of a recognized arbitration body as designated by the platform, and the seat of arbitration and governing law shall be specified in any arbitration notice. Notwithstanding the foregoing, either party may seek emergency equitable relief from a court of competent jurisdiction to prevent the actual or threatened misappropriation of intellectual property or confidential information. The existence and outcome of any arbitration proceedings shall be kept confidential to the extent permitted by law.

Termination of Access

The platform reserves the right to suspend, restrict, or terminate your access to the interface at any time, with or without prior notice, if the service determines in its sole discretion that you have violated any provision of these terms, engaged in prohibited conduct, or posed a risk to the security or integrity of the platform. Because the underlying protocol is decentralized and permissionless, termination of your interface access does not prevent you from interacting directly with the Hyperliquid L1 smart contracts through alternative means — but the service bears no responsibility for facilitating such access and makes no representation that direct contract interaction will be supported or safe. Upon termination, all licenses granted to you under these terms immediately cease, and you must stop using the interface. Provisions of these terms that by their nature should survive termination — including disclaimers, limitations of liability, indemnification, and dispute resolution — shall continue to apply.

Changes to These Terms

The service may revise these Terms of Service at any time to reflect changes in applicable law, platform functionality, business practices, or regulatory requirements. When material changes are made, the updated terms will be published at hyperliquid.xyz with a revised effective date. Where required by applicable law or where changes are particularly significant, the platform may provide advance notice through the interface or other appropriate channels. Your continued use of the service after updated terms have been posted constitutes your binding acceptance of those changes. If you do not agree with revised terms, you must discontinue your use of the interface before the effective date of the changes. The platform encourages you to review these terms regularly so that you remain informed of your rights and obligations as a user of this exchange.