Terms of Services

1. Acceptance

These Terms of Service (the “Terms”) govern your access to and use of the Lumina software, dashboard, console, and related services (collectively, the “Service”). By connecting a wallet, signing a session message, or otherwise using the Service, you agree to these Terms. If you do not agree, do not use the Service.

2. Beta status

The Service is currently in beta. It is provided free of charge during the beta period and may contain bugs, incomplete features, or behave unexpectedly. Features, access, and availability may change without notice. The beta period will end at our discretion, after which usage-based fees (including, without limitation, on-chain builder fees collected via supported venues) may apply. Continued use of the Service after fees activate constitutes acceptance of those fees.

3. Who you are contracting with

The Service is currently operated by the founding team of Lumina (the “Operator”), pending incorporation of Lumina as a legal entity in Switzerland. Upon incorporation, all rights and obligations under these Terms will be assigned to the resulting Swiss entity. You consent in advance to this assignment, and your continued use of the Service after the assignment date constitutes acceptance of the entity as your contractual counterparty under these Terms.

4. What Lumina is

Lumina is a non-custodial supervisor for algorithmic trading strategies (e.g. arbitrage, market making, volume execution) on third-party perpetual exchanges including Lighter, Hyperliquid, and Extended. Lumina runs strategies on your behalf using credentials, agent keys, or signed authorizations that you provide. Lumina does not take custody of your funds, hold your private keys, or execute trades outside the configurations you create.

5. Eligibility

You must be at least 18 years old and legally able to enter into a binding contract. You may not use the Service if you are located in, a citizen of, or resident in a jurisdiction where use of the underlying venues, perpetual derivatives, or algorithmic trading tools is unlawful, or if you are subject to sanctions administered by any governmental authority. The Service is not offered to persons in jurisdictions where its operation would require authorization that has not been obtained.

6. Self-custody and your responsibility

You are solely responsible for the security of your wallets, API keys, agent keys, signing devices, and any credentials you connect to the Service. Lumina cannot recover lost keys, reverse signed transactions, or modify on-chain state on your behalf. You are solely responsible for the parameters, exposure caps, risk limits, and strategies you configure, for monitoring positions opened by the Service, and for the tax treatment of any resulting activity.

7. No advice, no solicitation

Lumina is software. Nothing in the Service constitutes investment, financial, legal, tax, or accounting advice, nor a solicitation, recommendation, or endorsement of any asset, venue, or strategy. Any example numbers, defaults, test data, screenshots, parameters, or templates shown anywhere on the Service or in our communications are illustrative only, do not represent actual or expected performance, and are not a forecast or guarantee of any kind. All trading decisions are yours alone.

8. Risk disclosure

Trading perpetual derivatives is highly risky and can result in the total loss of your funds, including losses exceeding your initial margin. Algorithmic strategies may behave unexpectedly in volatile markets, during venue outages, network congestion, oracle failures, smart-contract exploits, liquidations, or as a result of bugs, latency, or misconfiguration. Past performance, backtests, simulated runs, mock data, or example numbers shown anywhere on the Service are not indicative of future results. You accept all such risks.

9. Third-party venues

The Service interacts with third-party venues whose terms, availability, fee schedules, oracles, matching engines, and risk parameters are outside our control. Your use of those venues is governed by their own terms. Lumina is not responsible for venue downtime, liquidation logic, oracle pricing, withdrawal restrictions, fee changes, or any losses caused by venue actions, inactions, or outages.

10. Acceptable use

You agree not to: (a) use the Service to violate any law or regulation; (b) engage in market manipulation, wash trading, spoofing, layering, or abusive trading practices prohibited by applicable law or by a venue's terms; (c) interfere with, probe, or attempt to bypass security or access controls of the Service; (d) reverse-engineer, resell, or sublicense the Service except as permitted by applicable law; (e) use the Service on behalf of a sanctioned person or entity; (f) use the Service to facilitate trading on behalf of third parties without proper authorization to do so.

11. Feedback and improvements

If you provide feedback, suggestions, bug reports, or ideas about the Service, you grant us a perpetual, irrevocable, royalty-free, worldwide license to use that feedback for any purpose, including incorporating it into the Service, without obligation to compensate or attribute you.

12. Privacy

We may collect minimal information necessary to operate the Service, including connected wallet addresses, session signatures, configuration data, and basic communication identifiers (e.g. email, Discord username) if you choose to provide them. We do not sell your data. Where applicable, we process personal data in accordance with the GDPR. A separate privacy notice will be published prior to general availability.

13. No warranties

The Service is provided “as is” and “as available”, without warranties of any kind, whether express, implied, or statutory, including but not limited to warranties of merchantability, fitness for a particular purpose, non-infringement, availability, accuracy, or that the Service will be uninterrupted, timely, secure, or error-free. To the extent any warranty cannot be disclaimed under applicable law, it is limited to the minimum scope and shortest duration permitted.

14. Limitation of liability

To the maximum extent permitted by applicable law, Lumina, its operators, contributors, and affiliates shall not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of profits, revenue, data, trading opportunity, or goodwill, arising out of or in connection with your use of the Service, even if advised of the possibility of such damages. Where liability cannot be fully disclaimed under applicable law (including under mandatory consumer protection rules), our liability is limited to the minimum extent permitted by such law.

15. Indemnification

You agree to indemnify and hold harmless Lumina, its operators, contributors, and affiliates from and against any claim, demand, loss, liability, or expense (including reasonable legal fees) arising out of (a) your use of the Service, (b) your breach of these Terms, (c) your violation of any law or third-party right, or (d) the trading activity executed through your accounts.

16. Changes to the Service and Terms

We may modify, suspend, or discontinue any part of the Service at any time, with or without notice. We may update these Terms by posting the revised version with a new “Last updated” date. Material changes will be communicated where reasonably possible. Continued use of the Service after changes take effect constitutes your acceptance of the revised Terms.

17. Termination

We may suspend or terminate your access to the Service at any time, for any reason, including suspected violation of these Terms or of applicable law. You may stop using the Service at any time by disconnecting your wallet and revoking any API keys, agent keys, or signed authorizations you have issued. Sections 6, 7, 8, 11, 13, 14, 15, and 18 survive termination.

18. Governing law and disputes

These Terms shall be governed by the substantive laws of Switzerland, without regard to its conflict-of-laws principles. Any dispute arising out of or relating to these Terms or the Service shall be resolved exclusively in the competent courts of Switzerland, except where mandatory consumer protection law gives you the right to bring proceedings in your country of residence.

19. Severability

If any provision of these Terms is held to be unenforceable, the remaining provisions will remain in full force and effect, and the unenforceable provision will be reformed to the minimum extent necessary to make it enforceable while preserving its intent.

20. Entire agreement

These Terms, together with any policies referenced in them, constitute the entire agreement between you and Lumina regarding the Service and supersede any prior agreements.

21. Contact

Questions about these Terms can be sent via the channels listed on the homepage.