HFDX TERMS AND CONDITIONS

Last Updated: 01.01.2026

These Terms and Conditions (“Terms”) govern your access to and use of the HFDX protocol and any related interfaces, documentation, and services. Please read them carefully.

1. DEFINITIONS AND INTERPRETATION

For the purposes of these Terms:

“HFDX”, “we”, “us”, or “our” refers to the decentralized protocol known as HFDX, including associated smart contracts, protocol logic, interfaces, documentation, branding, and any contributors or entities involved in making the Protocol available, but does not imply the existence of a centralized operator or regulated entity.
“Protocol” means the decentralized, blockchain-based software system through which users may engage in perpetual derivative trading, liquidity participation mechanisms, and other on-chain financial interactions via smart contracts.
“User”, “you”, or “your” means any individual or entity that accesses, interacts with, or uses the Protocol in any manner.
“Digital Assets” means cryptographic tokens, virtual assets, or blockchain-based representations of value.
“Perpetual Contracts” means derivative instruments that provide synthetic exposure to the price of an underlying Digital Asset without ownership of the underlying asset and without a fixed maturity date. Such contracts rely on funding rate mechanisms to maintain price alignment with spot markets.
“Leverage” means the use of margin to amplify exposure to price movements relative to the collateral deposited. Leverage increases both potential gains and potential losses.
“Margin” means Digital Assets posted as collateral to support open positions, subject to maintenance requirements and liquidation thresholds.
“Liquidation” means the automated closing of positions by the Protocol when margin requirements are no longer satisfied, which may occur without prior notice and at unfavorable prices.
“Funding Rate” means periodic payments exchanged between long and short position holders to align perpetual contract prices with underlying market prices.
“Liquidity Loan Notes” means on-chain mechanisms through which users allocate Digital Assets to liquidity, risk, or strategy pools that may reference fixed, target, or expected returns. These do not constitute deposits, loans, or guaranteed return products.
“Smart Contract” means self-executing code deployed on a blockchain that enforces predefined rules without discretionary human intervention.
“Oracle” means a third-party data source providing external price or market data used by the Protocol.

Headings are for convenience only and do not affect interpretation.

2. ACCEPTANCE OF TERMS AND INCORPORATED DOCUMENTS

By accessing or using the Protocol, you confirm that you have read, understood, and agree to be legally bound by these Terms.

These Terms incorporate by reference and must be read together with the HFDX Risk Disclosure and Disclaimer, Privacy Policy, and Cookies Policy, each of which forms an integral part of your agreement with HFDX.

If you do not agree to these Terms or any incorporated document, you must not access or use the Protocol.

3. DECENTRALIZED AND NON-CUSTODIAL NATURE

HFDX is a decentralized, non-custodial protocol. At no time does HFDX take custody, possession, or control of your Digital Assets, private keys, wallets, or funds.

All transactions are executed directly between your wallet and the Protocol’s smart contracts on public blockchain networks. Transactions are irreversible once confirmed.

HFDX does not operate as a broker, dealer, exchange operator, clearing house, custodian, agent, or counterparty.

4. USER ELIGIBILITY AND LEGAL RESPONSIBILITY

You represent and warrant that you have the legal capacity to enter into these Terms and that your use of the Protocol complies with all applicable laws and regulations in your jurisdiction.

You are solely responsible for determining whether access to and use of the Protocol is lawful, suitable, or appropriate for you.

HFDX makes no representation that the Protocol is compliant with regulatory requirements in any particular jurisdiction.

5. NO ADVICE, NO RELIANCE, NO FIDUCIARY RELATIONSHIP

Nothing provided through the Protocol constitutes investment, financial, legal, tax, or other professional advice.

HFDX does not recommend or endorse any transaction, strategy, Digital Asset, or participation mechanism, nor does it assess suitability.

No fiduciary, advisory, agency, partnership, or trust relationship exists between you and HFDX. All decisions are made independently by you and at your own risk.

6. ASSUMPTION OF RISK

Use of the Protocol involves significant risk, including the risk of partial or total loss of Digital Assets.

Risks include, without limitation, market volatility, leverage, liquidation, smart contract vulnerabilities, oracle failures, blockchain congestion, transaction ordering risks (including MEV), regulatory changes, and technological failure.

By using the Protocol, you expressly acknowledge and assume all such risks, as further described in the Risk Disclosure.

7. PERPETUAL CONTRACTS AND LEVERAGED TRADING

Perpetual Contracts are complex derivative instruments designed for sophisticated users.

They do not involve ownership or delivery of underlying Digital Assets and are continuously marked to market. Positions may be opened with leverage, increasing exposure relative to posted collateral.

Funding rates may be positive or negative and may materially affect profitability independent of price movements. You acknowledge that:

Positions may be liquidated automatically without notice
Losses may exceed expectations due to volatility or slippage
Execution prices during liquidation may be materially adverse

HFDX does not guarantee market liquidity, pricing accuracy, or execution outcomes.

8. LIQUIDITY LOAN NOTES AND STRUCTURED PARTICIPATION

Liquidity Loan Notes enable users to allocate Digital Assets to protocol liquidity or strategy mechanisms governed by smart contracts.

Any reference to “fixed”, “target”, or “expected” returns reflects a structural or modeled outcome and does not constitute a guarantee, promise, or assurance of performance or capital preservation.

Participation may be subject to lock-ups, withdrawal delays, losses, or permanent impairment.

Liquidity Loan Notes do not constitute deposits, loans to HFDX, collective investment schemes, managed funds, or capital-protected products.

9. TECHNICAL TRADING AND PROTOCOL MECHANICS DISCLOSURE

Use of the Protocol requires an understanding of technical trading concepts and blockchain execution mechanics.

Pricing and liquidation depend on Oracles, which may fail, lag, or be inaccurate. Smart Contracts execute deterministically and may contain vulnerabilities or unforeseen interactions.

Blockchain transactions are subject to network conditions, validator behavior, and transaction ordering risks.

Margin requirements, funding rates, and liquidation thresholds are algorithmically determined and may change dynamically based on market conditions.

You acknowledge sole responsibility for understanding these mechanics prior to use.

10. USER CONDUCT AND PROHIBITED ACTIVITIES

You agree not to misuse the Protocol, including by exploiting vulnerabilities, manipulating markets, interfering with smart contracts, or engaging in unlawful conduct.

HFDX may implement technical or interface-level measures to protect protocol integrity but does not guarantee prevention of misuse.

11. INTELLECTUAL PROPERTY

All intellectual property rights associated with the Protocol, excluding open-source components, are owned by or licensed to HFDX.

You are granted a limited, revocable, non-exclusive license to access the Protocol in accordance with these Terms.

12. THIRD-PARTY DEPENDENCIES

The Protocol relies on third-party blockchain networks, wallets, oracles, infrastructure providers, and open-source software.

HFDX does not control and is not responsible for the availability, security, or performance of such third parties.

13. DISCLAIMER OF WARRANTIES

The Protocol is provided on an “as is” and “as available” basis.

HFDX disclaims all warranties, express or implied, including warranties of merchantability, fitness for a particular purpose, accuracy, reliability, or non-infringement.

14. LIMITATION OF LIABILITY

To the fullest extent permitted by law, HFDX shall not be liable for any direct or indirect loss, including loss of Digital Assets, profits, data, or opportunity, arising from use of the Protocol.

15. INDEMNIFICATION

You agree to indemnify and hold harmless HFDX from any claims, damages, losses, liabilities, or expenses arising from your use of the Protocol or breach of these Terms.

16. JURISDICTIONAL NOTICE & NON-MARKETING DISCLOSURE

HFDX operates a decentralized protocol that is globally accessible via public blockchain infrastructure. HFDX does not seek registration or authorization in all jurisdictions and does not represent that the Protocol complies with regulatory requirements in any particular jurisdiction.

HFDX may engage in general, non-targeted paid and organic marketing. Such marketing is informational only, not personalized, not jurisdiction-specific, and not intended to constitute an offer, solicitation, or financial promotion where authorization would be required.

United States

HFDX is not registered with or regulated by the SEC, CFTC, or any U.S. authority. Marketing is not intended for U.S. persons. Any access by U.S. persons occurs solely at their own initiative, risk and without HFDX Permission.

United Kingdom

HFDX is not authorized or regulated by the FCA. Marketing is not directed at UK persons and does not constitute a financial promotion. UK users do not benefit from FSCS or Financial Ombudsman protections.

United Arab Emirates

HFDX is not licensed or regulated by VARA, SCA, DFSA, or ADGM. Marketing is not intended as promotion within the UAE. UAE users access the Protocol at their own initiative and risk.

You remain solely responsible for compliance with local laws.