Terms of Use

Last updated: January 2026

Please read these Terms of Use ("Terms") carefully before using the Rubicon platform ("Platform", "Service", "we", "us", "our").

1. Acceptance of Terms

By accessing or using Rubicon, you agree to be bound by these Terms. If you disagree with any part of the Terms, you may not access the Service.

2. Eligibility

You must:

• Be at least 18 years old (or the age of majority in your jurisdiction)

• Have the legal capacity to enter into binding agreements

• Not be a resident of a restricted jurisdiction

• Not be on any sanctions lists

Restricted Jurisdictions

The Service is not available to:

• United States — All states and territories

• Sanctioned Territories — Iran, Syria, Cuba, North Korea, Crimea, Donetsk, Luhansk regions

• Other Restricted Regions — Countries subject to comprehensive sanctions by the US (OFAC), EU, or UN

By using Rubicon, you represent that you are not:

• Located in or a resident of any restricted jurisdiction

• On the OFAC Specially Designated Nationals (SDN) list

• Subject to sanctions by the EU, UK, or UN

USE OF A VPN OR ANY OTHER TOOL TO CIRCUMVENT GEOGRAPHIC RESTRICTIONS IS STRICTLY PROHIBITED.

You are responsible for ensuring compliance with your local laws.

3. Description of Service

Rubicon provides:

• A trading interface for ETF perpetual futures on Hyperliquid

• Oracle price feeds for supported assets

• Documentation and educational materials

Rubicon does NOT:

• Provide investment advice

• Hold custody of your funds

• Guarantee any trading outcomes

• Operate as a registered exchange or broker

Protocol vs Interface

Rubicon provides a user interface and oracle price feeds. The underlying trading infrastructure is operated by Hyperliquid. We:

• Do NOT operate the trading protocol or matching engine

• Do NOT take custody of your funds

• Do NOT control the blockchain or execute your transactions

• Cannot reverse, cancel, or modify any transactions

All trades are executed on Hyperliquid's infrastructure. See Hyperliquid's Terms for their terms and conditions.

4. Risks

Trading Risks

• Perpetual futures involve substantial risk of loss

• Leverage amplifies both gains and losses

• You may lose your entire investment

• Past performance does not indicate future results

Technical Risks

• Oracle failures may affect trading

• Smart contract bugs may result in loss

• Platform downtime may occur

Regulatory Risks

• Laws may change affecting service availability

• You are responsible for tax compliance

See our Risk Disclosures for complete information.

5. User Responsibilities

You agree to:

• Maintain the security of your wallet and private keys

• Provide accurate information if requested

• Comply with all applicable laws

• Not use the Service for illegal purposes

• Not attempt to manipulate markets

• Not interfere with Service operation

6. Intellectual Property

• The Service and its content are owned by Rubicon

• You may not copy, modify, or distribute our materials

• Your feedback may be used without compensation

7. Third-Party Services

The Service integrates with:

• Hyperliquid (trading infrastructure)

• Wallet providers (authentication)

• Data providers (price feeds)

We are not responsible for third-party services. Their terms apply to your use of their services.

8. Disclaimers

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND.

We disclaim all warranties, express or implied, including:

• Merchantability

• Fitness for a particular purpose

• Non-infringement

• Accuracy of information

• Uninterrupted service

9. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

• We are not liable for any indirect, incidental, special, consequential, or punitive damages

• Our total liability shall not exceed the fees paid by you in the past 12 months

• We are not liable for losses due to:

  • Your trading decisions

  • Oracle errors or delays

  • Third-party service failures

  • Force majeure events

10. Indemnification

You agree to indemnify and hold harmless Rubicon and its affiliates from any claims arising from:

• Your use of the Service

• Your violation of these Terms

• Your violation of any laws

• Your infringement of third-party rights

11. Modifications

We may modify these Terms at any time:

• Changes will be posted on this page

• Continued use constitutes acceptance

• Material changes will be communicated via available channels

12. Termination

We may terminate or suspend access immediately, without notice, for:

• Breach of Terms

• Illegal activity

• Regulatory requirements

• Any other reason at our discretion

Upon termination:

• Your right to use the Service ceases

• Provisions that should survive will remain in effect

13. Governing Law

These Terms are governed by [Jurisdiction] law. Any disputes shall be resolved through binding arbitration.

Class Action Waiver

You agree that any dispute resolution will be conducted only on an individual basis. You waive any right to:

• Participate in class actions

• Participate in class-wide arbitration

• Participate in representative actions

This waiver applies to the maximum extent permitted by law.

14. Severability

If any provision is found unenforceable, the remaining provisions remain in effect.

15. Entire Agreement

These Terms constitute the entire agreement between you and Rubicon regarding the Service.

16. Contact

For questions about these Terms:

• Email: [e-mail]

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By using Rubicon, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use.