Terms of Service

This agreement is between users and Grey(H)edge Ltd, a company incorporated in the British Virgin Islands. It governs access to and use of liminal.money, its mobile and web applications, smart contracts, APIs, and all related services (collectively, the 'Services').

By accessing or using any part of the Services, including connecting a wallet, depositing assets, or executing transactions, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree with any part of these Terms, you must immediately cease using the Services.

The Company offers two main service offerings:

• Liminal Customized: A Hyperliquid-native delta-neutral strategy platform offering individual isolated accounts with granular control over asset selection, leverage, and optional self-custody.
• Liminal Tokenized: Omnichain OFT tokens (xTokens) representing pooled delta-neutral strategies. Users deposit stablecoins and receive transferable tokens reflecting a proportional claim on the strategy's assets.

Key Definition

xTokens are transferable cryptographic tokens (e.g., $xHYPE) minted upon depositing assets into the Tokenized service. They represent a proportional beneficial interest in the strategy assets. Their value is not guaranteed.

• Access to the Services is conditioned on full acceptance of these Terms.
• Any interaction with the Services (including wallet connection, deposits, or transactions) constitutes binding acceptance.
• The Company reserves the right to amend these Terms at any time.
• Changes are effective immediately upon posting to the website.
• It is the user's responsibility to review the Terms for updates.
• Continued use of the Services after modifications constitutes acceptance of the revised Terms.
• Users who disagree with modifications must immediately cease all access to and use of the Services.

By using the Services, you represent and warrant that:

• You are at least 18 years of age or the age of legal majority in your jurisdiction.
• You are not a citizen or resident of any Restricted Jurisdiction (includes OFAC-sanctioned regions, FATF-designated high-risk jurisdictions, or jurisdictions that prohibit participation in DeFi activities without appropriate licensing).
• You are solely responsible for compliance with all applicable laws in your jurisdiction.
• The Company makes no warranty regarding the legality of the Services in any specific jurisdiction.
• You are not a Specially Designated National or Blocked Person under applicable sanctions programs.
• You are not acting on behalf of any restricted entity.
• You will not use the Services for any illegal or fraudulent purposes, including money laundering, terrorist financing, or corruption.
• All information you provide is true, accurate, and complete.

User Control

• Users are solely responsible for safeguarding their private keys, passwords, and seed phrases.
• Loss of credentials results in permanent, irreversible loss of assets.
• Users must perform their own due diligence and actively monitor the performance of the Services.

xTokens

• Represent a proportional beneficial interest in the underlying strategy.
• Do NOT confer equity, ownership, profit-sharing rights, or governance rights in the Company.

Third-Party Infrastructure

• The Services depend on third-party infrastructure that is outside the Company's control.
• The Company is not liable for blockchain forks, 51% attacks, network congestion, oracle failures, smart contract bugs, or other infrastructure issues.
• Users acknowledge that service performance is contingent on external dependencies.

No Financial Advice

All information provided through the Services is for informational purposes only and should not be construed as investment, financial, tax, or legal advice. The Company is a technology provider, not a financial advisor. No fiduciary relationship exists between the Company and users.

No Insurance

Digital assets held or managed through the Services are not covered by any deposit protection scheme or insurance program.

Cryptographic Asset Risks

• Extreme price volatility
• Possible total loss of principal
• Markets subject to manipulation and lack of regulatory oversight
• Loss of private keys results in permanent loss of access
• User errors are irreversible
• Phishing and social engineering threats

Smart Contract and Protocol Risks

The Services are based on complex open-source code with inherent risk of bugs, vulnerabilities, flaws, or exploits that could lead to partial or total loss of assets.

Strategy-Specific Risks

• No guaranteed returns or yield
• Exposure to underlying protocol risk
• Liquidation risk from leverage or borrowing
• Slashing penalties for staking components
• Possible strategy failure
• Withdrawal waiting periods
• Airdrops, forks, or unsupported assets are not supported
• Transaction re-ordering, front-running, delays, or censorship
• Potential conflicts of interest; no best-execution obligation
• The Company may modify or discontinue features or strategies at any time

xToken-Specific Risks

• De-pegging risk (may trade at a discount to net asset value)
• No guaranteed liquid market
• Oracle data accuracy is not guaranteed
• Composability creates contagion risk through external protocol failures

Regulatory Risks

Uncertain and evolving legal frameworks may adversely affect protocol operation or user access.

Wallet Security

Users are solely responsible for all activities that occur under their wallet and for implementing reasonable security measures to protect their credentials.

Compliance with Laws and Taxation

• Users must use the Services lawfully.
• Users are solely responsible for determining and complying with all applicable laws.
• Users are solely responsible for all tax implications arising from their use of the Services.
• The Company provides no tax advice.

Prohibited Activities

Users must not:

• Engage in any unlawful, fraudulent, deceptive, or harmful activity.
• Compromise service security or integrity through viruses, denial-of-service attacks, or attempts to bypass security measures.
• Use automated access tools (robots, spiders, scrapers) without prior written consent.
• Disable, overburden, damage, or impair the Services.
• Impersonate the Company or any other person.
• Engage in market manipulation.
• Violate any intellectual property rights.
• Violate export control or sanctions laws, including use of mixers/tumblers, processing of crime proceeds, routing of ransomware flows, or interaction with sanctioned addresses.

Right to Restrict Access

The Company reserves sole discretion to suspend, terminate, or restrict access to the Services without notice. This includes the right to block wallet addresses or halt xToken provision. The Company bears no liability for such restrictions.

• Various fees may apply, including performance fees, builder fees, deposit/withdrawal fees, redemption fees, trading/execution fees, and blockchain transaction fees.
• Current fee schedules are published in the project documentation.
• All fees are non-refundable, final, and irreversible.
• The Company may change fees with 5 days' notice via website update.

• The Company owns all legal right, title, and interest in and to the Services and all associated intellectual property.
• Users are granted a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to use the Services for personal, non-commercial purposes.
• Users may not copy, modify, create derivative works, reverse engineer, decompile, or extract the source code of any part of the Services.

• The Company makes no representation regarding the legal compliance of the Services in any jurisdiction.
• Users are solely responsible for ensuring their use of the Services complies with all applicable laws and regulations.
• The Company does not represent that xTokens constitute securities or regulated financial instruments in any jurisdiction.
• If any regulatory authority determines that xTokens are securities or regulated instruments, users must immediately cease use of the affected Services.

The Services are provided on an 'AS IS' and 'AS AVAILABLE' basis, without warranties of any kind, whether express or implied. The Company specifically disclaims all warranties of merchantability, fitness for a particular purpose, title, security, accuracy, and non-infringement.

There is no guarantee of accuracy, completeness, reliability, currency, error-free operation, security, or uninterrupted service availability.

The Company shall not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or any loss of profits, revenues, use, goodwill, or data, arising from:

• Access to, use of, or inability to access the Services
• Third-party conduct or performance
• Smart contract bugs, hacks, or exploits
• Digital asset volatility or value loss
• Unauthorized access to or alteration of user data
• Any other matter relating to the Services

This limitation applies regardless of the legal theory under which liability is asserted. The Company's aggregate liability is capped at the greater of $100 USD or the total fees paid by the user in the preceding 6 months.

Users agree to defend, indemnify, and hold the Company harmless from any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising from:

• Use of or access to the Services
• Violation of these Terms
• Violation of any applicable law or regulation
• Violation of any third-party rights
• Content submitted through the Services
• Third-party access to the Services using user credentials

The Company is not responsible for the availability or content of any third-party services, integrations, or linked websites. Users accessing third-party services are subject to those services' own terms and conditions. The Company bears no liability for any user's use of third-party services.

The Company reserves the right to offer the Services on a limited basis, including through private access programs, beta testing phases, or to select user groups. All Terms apply in full during limited access periods. No guarantees are made regarding the future availability of features or services.

Governing Law

This agreement is governed by the laws of the British Virgin Islands, without regard to conflict of law provisions.

Dispute Resolution

• All disputes shall be resolved through binding arbitration.
• Arbitration shall be seated in the British Virgin Islands.
• UNCITRAL arbitration rules apply.
• A single arbitrator shall preside.
• Proceedings shall be conducted in English.
• All disputes must be brought on an individual basis only.
• Class action waiver: Users expressly waive any right to participate in class actions or class-wide arbitration.

• Force Majeure: The Company is not liable for losses arising from circumstances beyond its reasonable control, including acts of God, government restrictions, emergencies, natural disasters, wars, terrorism, industrial disputes, or telecommunications/computer failures.
• These Terms constitute the entire agreement between users and the Company.
• If any provision is found invalid, it shall be modified to the minimum extent necessary; all other provisions continue in full force and effect.
• Failure to enforce any provision does not constitute a waiver of that right.
• Waivers require the Company's written signature.
• Users may not assign their rights or obligations without written consent; the Company may assign freely.
• Sections relating to Services Overview, Eligibility, Risk Disclosures, Fees, Disclaimers, and Limitation of Liability survive termination.

For questions or concerns regarding these Terms of Service, users may contact the Company through the support channels listed on the website. Please note that contacting the Company does not guarantee a specific resolution or timeline for response.