Terms of Service

These Terms of Service (“Terms”) govern your use of the Vanda Trade website and app (the “Service”). By connecting a wallet or using the Service, you agree to these Terms. This is a draft; the final version will be published after legal review.

1. What Vanda Trade is

Vanda Trade is a non-custodial software interface for trading perpetual contracts on a third-party, on-chain exchange (currently Hyperliquid). Orders you place through the Service are signed in your browser and executed by that exchange, not by Vanda Trade.

• We never hold, control or have access to your funds or your wallet’s private keys.
• We are not a broker, exchange, custodian, counterparty or financial adviser.
• We cannot cancel, reverse or modify transactions once they have been submitted on-chain.

2. Eligibility

To use the Service you must:

• be at least 18 years old, or the age of legal majority where you live, whichever is higher;
• have the legal capacity to enter into these Terms;
• not be located in, a resident of, or acting on behalf of anyone in a jurisdiction where use of the Service or of derivatives trading is prohibited, or that is subject to comprehensive sanctions;
• not be a person on any sanctions list.

You are responsible for making sure that using the Service is lawful where you live.

3. Your wallet and keys

You connect your own self-custody wallet. You alone are responsible for keeping your recovery phrase, private keys and devices secure. Anyone with access to them can control your funds, and lost keys cannot be recovered by us.

4. Trading authorization

To let you trade without a wallet prompt for every order, the Service can create a trading key on your device and ask your wallet to authorize it. This key can place, modify and cancel orders and change leverage, but it cannot withdraw or transfer funds. It expires after 30 days and you can revoke it at any time from the Me page. You are responsible for all orders placed with an authorization you granted.

5. Fees

• Trading fees and funding payments are set and charged by the underlying exchange or by the deployer of a market.
• Vanda Trade charges a platform service fee on the value of each trade, up to the maximum rate you approve in your wallet (currently 0.015%). Fees are deducted automatically at execution.
• Network, bridge and withdrawal fees may also apply.

We may change our platform fee in the future; any increase above your approved maximum requires a new approval from you.

6. Third-party markets and services

Some markets, such as those tracking stocks, indices, commodities and forex, are deployed by third parties who control their price sources, parameters and rules, and who may change, halt or delist them. The Service also relies on wallets, blockchains, bridges and data providers that we do not control. Your use of them is subject to their own terms.

7. Acceptable use

You agree not to:

• use the Service for money laundering, terrorist financing, sanctions evasion or any other unlawful purpose;
• manipulate markets, including spoofing, wash trading or exploiting pricing errors;
• interfere with, attack or attempt to gain unauthorized access to the Service or its infrastructure;
• use the Service to infringe the rights of others.

We may restrict access to the Service, in whole or in part, where we reasonably believe it is required by law or to protect users.

8. Risks

Trading perpetual contracts is highly risky and you may lose all of your margin. Please read the Risk Disclosure carefully before trading. By using the Service you confirm you understand and accept these risks.

9. No advice

Market data, charts, indicators and other information in the Service are provided for reference only and do not constitute investment, financial, legal or tax advice. You make your own trading decisions.

10. Privacy

We do not require an account, do not collect your name or identity documents, and do not use third-party analytics, advertising trackers or cookies for tracking. Your preferences and the encrypted trading key are stored only in your browser. Transactions you make are recorded on a public blockchain and are visible to anyone.

11. Intellectual property

The Vanda Trade name, logo and interface belong to us. Charts are powered by TradingView Lightweight Charts™; third-party trademarks belong to their respective owners.

12. Disclaimers and limitation of liability

The Service is provided “as is” and “as available”, without warranties of any kind. To the fullest extent permitted by law, we are not liable for any loss arising from market movements, liquidations, price or data errors, network congestion, blockchain or smart contract failures, actions of third-party market deployers, wallet issues, or your failure to keep your keys secure.

13. Changes

We may update these Terms from time to time. The date at the top of this page shows when they were last updated. Continuing to use the Service after changes take effect means you accept the updated Terms.