Legal

Terms of service

Effective [Effective date]

These terms are the agreement between you and [Legal entity name] for using Slate. We’ve tried to keep them plain. Please read them, and read the Risk disclosure too, before you take a position.

Acceptance of these terms

By accessing or using Slate, you agree to be bound by these terms and by our Privacy policy and Risk disclosure, which are part of this agreement. If you don’t agree, please don’t use Slate.

If you’re using Slate on behalf of an organisation, you confirm you have the authority to bind that organisation to these terms, and “you” means both you and that organisation.

Who can use Slate

Slate isn’t for everyone everywhere. By using it, you confirm all of the following are true.

• You are at least 18 years old.
• You are not located in, resident in, or accessing Slate from the United States, the United Kingdom, Singapore, Hong Kong, mainland China, Australia, or any jurisdiction subject to OFAC sanctions.
• You are not on, and not owned or controlled by anyone on, any sanctions or prohibited-persons list, and no law prohibits you from using Slate.
• The information you give us is accurate, and you’ll keep it that way.

This list of restricted places can change as the regulatory picture does. It’s your responsibility to know the rules where you are.

What Slate is, and is not

Slate is a calm, non-custodial interface to outcome markets on Hyperliquid HIP-4. It makes those markets legible and lets you take a side. The trading itself happens on Hyperliquid, on-chain. Slate is the window, not the venue.

Slate is not, and does not act as, any of the following.

• A broker, dealer, or exchange.
• A custodian, bank, or money transmitter.
• An investment adviser or financial adviser.

Slate never holds your funds, and never decides how a market resolves. Markets settle on-chain on Hyperliquid against a stated source.

Your wallet and the trading agent

When you sign in with Privy, you get a user-controlled embedded wallet. Your funds, USDC on Arbitrum and Hyperliquid, sit in a wallet only you control. Slate cannot move, freeze, or spend them.

So you don’t have to approve a pop-up on every take, you can authorise a scoped trading agent key once. Its powers are deliberately narrow.

• It can place the takes you initiate.
• It cannot withdraw your funds, send them anywhere, or move money off Hyperliquid.

Securing your wallet is your responsibility. You are responsible for keeping your login, your device, and any exported private key safe. If you lose access to your keys, no one, including us, can recover your funds for you.

Fees

Slate charges one transparent builder fee of about 40 basis points (0.4%), charged when you close a take or it settles (opening a position is free). It’s shown before you commit. There are no hidden fees from us.

Hyperliquid and the underlying networks may apply their own costs, such as on-chain or settlement fees, which are outside Slate’s control.

No financial advice

Nothing in Slate is financial, investment, legal, or tax advice, and nothing here is a recommendation to take any position. Prices, odds, and market information are for general information only. Any decision you make is your own.

Assumption of risk

Outcome markets carry real risk, including the total loss of the amount you commit. By using Slate, you accept that risk. Please read the Risk disclosurein full; it’s part of this agreement, and it spells out what can go wrong.

Acceptable use

When you use Slate, you agree not to do any of the following.

• Use Slate for any unlawful purpose, or break any applicable law.
• Circumvent, or try to circumvent, our geographic restrictions or eligibility checks, including by using a VPN or false information to mask your location.
• Manipulate any market, or engage in fraud, wash trading, or other deceptive activity.
• Use bots, scrapers, or other automated means to abuse, overload, or probe the service.
• Infringe our intellectual property or anyone else’s, or interfere with the security or operation of Slate.

Third-party services

Slate relies on independent services to work, including Hyperliquid for on-chain trading and settlement, Privy for authentication and the embedded wallet, and the underlying blockchains. Their own terms apply to them, and we don’t control them.

We’re not responsible for the acts, omissions, downtime, or losses of any third-party service, even where we link to or integrate with it.

Intellectual property

The Slate name, logo, design, copy, and software are owned by [Legal entity name] or our licensors, and are protected by intellectual property laws. We grant you a limited, personal, non-transferable licence to use Slate for its intended purpose. That’s the whole of what we grant; all other rights are reserved.

Disclaimers

Slate is provided “as is” and “as available”, without warranties of any kind, whether express or implied. To the fullest extent the law allows, we disclaim the implied warranties of merchantability, fitness for a particular purpose, and non-infringement.

We don’t warrant that Slate will be uninterrupted, error-free, secure, or that any information shown will be accurate or current.

Limitation of liability

To the fullest extent the law allows, [Legal entity name] will not be liable for any indirect, incidental, special, consequential, or punitive damages, or for any lost profits, lost funds, or lost data, arising from your use of Slate.

Some places don’t allow certain limitations, so parts of this section may not apply to you. Where a limitation isn’t permitted, our liability is limited to the smallest amount the law allows.

Indemnification

You agree to indemnify and hold harmless [Legal entity name] and our people from any claims, losses, and reasonable costs, including legal fees, arising from your use of Slate, your breach of these terms, or your violation of any law or third-party right.

Suspension and termination

You can stop using Slate at any time. Because Slate is non-custodial, your funds stay in your wallet and withdrawing is always available to you.

We may suspend or end your access to Slate if you breach these terms, if we’re required to by law, or if we reasonably need to protect the service or other people. We’ll give notice where it’s practical to.

Changes to the service or these terms

We may change, add, or remove features over time, and we may update these terms. When we do, we’ll post the new version here with a fresh effective date. Continued use after a change means you accept it.

Dispute resolution and governing law

These terms are governed by the laws of [Governing jurisdiction], without regard to conflict-of-laws rules.

Any dispute that can’t be resolved informally will be settled by binding individual arbitration in [Arbitration venue]. You and [Legal entity name] each waive the right to a jury trial and the right to bring or join a class action. Disputes are resolved on an individual basis only.

Where the law gives you a non-waivable right to use a court or a particular forum, nothing here takes that away.

Miscellaneous

• Severability. If a part of these terms is found unenforceable, the rest stays in force.
• Entire agreement. These terms, with the Privacy policy and Risk disclosure, are the whole agreement between us about Slate.
• No waiver.If we don’t enforce a right once, we haven’t given it up.
• Assignment.You can’t transfer your rights under these terms without our consent. We may transfer ours, for example in a merger or sale.

Contact

Questions about these terms? Reach us at [Contact email]. We read what’s sent and try to answer plainly.