Terms and Conditions

1. Definitions

"Foundation", "we", "us" and "our" refer to L1X Stiftung, c/o Sielva Management SA, Gubelstrasse 11, CH-6300 Zug, Switzerland, a Swiss foundation.

"Service", "Protocol", or "NLO" refers collectively to the Neural Liquidity Orchestrator website, related interfaces, smart contracts, allocator logic, and any associated documentation or tools published by the Foundation.

"User" or "you" refers to any person or entity that accesses or uses the Service.

"Wallet" means a self-custodial cryptocurrency wallet controlled exclusively by the User.

"Digital Assets" means cryptocurrencies, tokens, NFTs, and other on-chain assets.

2. Acceptance and eligibility

By accessing or using the Service you represent that:

• You are at least 18 years old and have full legal capacity to enter into these Terms.
• You are not located in, resident in, a citizen of, or otherwise subject to the jurisdiction of any country or region where use of the Service would be unlawful, including (without limitation) jurisdictions subject to comprehensive sanctions.
• You are not listed on any sanctions list (e.g. OFAC SDN, EU, UK, UN, Swiss SECO) and are not acting on behalf of any such person or entity.
• Your use of the Service complies with all laws, regulations, and rules applicable to you.

3. Description of the Service

NLO is a set of open-source protocols, interfaces, and operator tooling that help Users manage liquidity positions across decentralized exchanges. The Service publishes educational information, strategy descriptions, and analytics, and exposes a user interface from which Users may choose to interact with on-chain smart contracts deployed by the Foundation or third parties.

The Foundation does not execute transactions on your behalf, does not act as a broker, dealer, or agent, does not guarantee outcomes, and does not provide custody or trading services. The Service is provided as software, "as is".

4. Non-custodial nature of the Service

The Foundation never takes custody of your Digital Assets. Specifically:

• Deposits are effected by transactions you initiate and sign with your own Wallet. Funds flow into publicly verifiable smart contracts whose source code is available for audit.
• Withdrawals are initiated by the User and settled directly from the vault contract to the User's Wallet address. The Foundation does not hold a key that can move User funds.
• All deposits and withdrawals are specific to the initiating User's Wallet. No pooled off-chain balance sheet exists on our books.
• The Foundation cannot freeze, seize, reverse, refund, or otherwise unilaterally modify User positions or balances.
• Operator roles exercised by the Foundation or affiliated parties are restricted by on-chain whitelists and dangerous-selector blocks and cannot be used to transfer assets out of the vaults to third parties.

You alone are responsible for the security of your Wallet, seed phrase, and private keys. If you lose access to your Wallet, the Foundation cannot restore your funds.

5. User responsibilities

You are solely responsible for:

• Understanding how the Service works and evaluating whether it is suitable for your circumstances before depositing any Digital Assets.
• Custody and security of your Wallet, credentials, and any devices used to access the Service.
• All transactions you authorise, including network fees, swap slippage, bridge fees, and any losses arising from volatility, impermanent loss, smart-contract risk, or third-party services.
• Determining and complying with the tax, reporting, regulatory, and licensing obligations in your jurisdiction arising from your use of the Service.
• Maintaining accurate records of your transactions for tax and accounting purposes.
• Verifying the authenticity of any URL, contract address, or message purporting to originate from the Foundation.

6. No investment, legal, or tax advice

All information presented on or through the Service — including strategy descriptions, historical or projected yields, risk classifications, and APR / APY figures — is provided for general informational purposes only. It is not an offer, solicitation, recommendation, or invitation to buy or sell any Digital Asset, and it is not investment, legal, accounting, or tax advice.

You should consult qualified professionals before making any financial decision. Past performance is not indicative of future results. Yields displayed may be estimates based on on-chain data and third-party sources and can change without notice.

7. Risk disclosures

Use of decentralised finance protocols involves significant risk, including the total loss of your Digital Assets. You acknowledge and accept the following risks, which are not exhaustive:

• Smart-contract risk. Despite audits, bugs, exploits, governance attacks, economic attacks, or unintended interactions between contracts may result in partial or total loss of funds.
• Market risk. The value of Digital Assets is highly volatile. Liquidity provision is subject to impermanent loss, loss-versus-rebalancing, slippage, front-running, and other market dynamics.
• Oracle and data-feed risk. Strategies rely on price feeds and off-chain data that may be manipulated, delayed, or inaccurate.
• Bridge and cross-chain risk. Cross-chain transactions rely on third-party bridges that are historically a common target of exploits and may fail, delay, or lose funds in transit.
• DEX / venue risk. Execution on decentralised exchanges may fail, be sandwiched, or settle at unfavourable prices.
• Depeg risk. Assets described as "stable" may deviate materially from their reference peg, potentially causing permanent loss of value.
• Operator and automation risk. Automated strategies may fail, mis-execute, or behave unexpectedly during market stress.
• Regulatory risk. The regulatory treatment of Digital Assets and DeFi protocols is evolving. Future laws or enforcement actions may restrict, limit, or terminate your ability to use the Service.
• Network risk. Blockchain networks may experience outages, reorganisations, congestion, forks, or MEV that adversely affect your transactions.
• Key-management risk. Loss of your Wallet credentials results in permanent loss of your funds.

You acknowledge that you have the technical and financial sophistication to understand and accept these risks and that you are able to bear a total loss of your Digital Assets.

8. Regulatory and tax compliance

You are solely responsible for complying with any law, regulation, sanction, registration requirement, or reporting obligation applicable to you, your Wallet, or your use of the Service. This includes, without limitation, anti-money-laundering, counter-terrorism-financing, know-your-customer, securities, commodities, consumer-protection, and tax laws.

The Foundation reserves the right, where legally required, to refuse service to, restrict access for, or terminate interactions with any User or Wallet, including by deploying technical measures to block addresses associated with sanctioned jurisdictions or unlawful activity.

9. Prohibited uses

You agree not to use the Service to:

• Violate any applicable law, regulation, or third-party right.
• Conduct money laundering, terrorism financing, fraud, or any other unlawful activity.
• Engage in market manipulation, wash trading, spoofing, front-running, or any abusive trading practice.
• Circumvent, disable, or attempt to exploit any security feature or access control.
• Scrape, reverse engineer (other than as permitted by applicable law), or build competing services directly from non-public portions of the Service.
• Impersonate any person or misrepresent your identity or affiliation.
• Use the Service in any manner that could damage, disable, overburden, or impair the Service or interfere with any other User's use of it.

10. Intellectual property

The Service, including all source code, documentation, designs, trademarks, logos, and content made available by the Foundation, is protected by intellectual property laws. Open-source components are licensed under their respective licenses as indicated in the relevant repositories. No rights are granted to you other than a limited, revocable, non-exclusive, non-transferable licence to access and use the Service as expressly permitted by these Terms.

You retain all rights in content you submit to the Service. By submitting feedback, support messages, or similar materials, you grant the Foundation a worldwide, royalty-free, perpetual licence to use, reproduce, modify, and create derivative works from such materials solely for the purpose of operating and improving the Service.

11. Third-party services

The Service may link to, rely on, or interact with third-party services (including decentralised exchanges, blockchain networks, bridge protocols, oracle providers, and infrastructure providers). The Foundation does not operate, control, or endorse such third parties, and is not responsible for their availability, accuracy, content, or acts or omissions. Your use of any third-party service is subject to that third party's terms and privacy policy.

12. Disclaimers

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE. THE FOUNDATION EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, TITLE, ACCURACY, UNINTERRUPTED OPERATION, FREEDOM FROM DEFECTS, AND QUIET ENJOYMENT.

The Foundation does not warrant that the Service will meet your requirements, be uninterrupted, timely, secure, or error-free, that defects will be corrected, that the smart contracts are free of vulnerabilities, that any information on the Service is accurate or complete, or that you will realise any particular financial outcome through use of the Service.

13. Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE FOUNDATION, ITS AFFILIATES, DIRECTORS, EMPLOYEES, CONTRACTORS, AGENTS, OR LICENSORS BE LIABLE TO YOU OR ANY THIRD PARTY FOR:

• ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES;
• ANY LOSS OF PROFITS, REVENUE, TRADING OPPORTUNITY, OR DATA;
• ANY LOSS OF DIGITAL ASSETS, INCLUDING LOSS RESULTING FROM SMART-CONTRACT BUGS OR EXPLOITS, BRIDGE FAILURES, THIRD-PARTY SERVICES, KEY LOSS, USER ERROR, MARKET MOVEMENTS, OR REGULATORY ACTION,

WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), STATUTE, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE FOUNDATION HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

WHERE ANY APPLICABLE LAW DOES NOT PERMIT COMPLETE EXCLUSION OF LIABILITY, THE AGGREGATE LIABILITY OF THE FOUNDATION ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE SHALL NOT EXCEED ONE HUNDRED SWISS FRANCS (CHF 100).

Nothing in these Terms excludes or limits liability that cannot be excluded or limited under mandatory Swiss law (including liability for intent or gross negligence).

14. Indemnification

You agree to defend, indemnify, and hold harmless the Foundation, its affiliates, and their respective directors, employees, contractors, and agents from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or related to:

• your access to or use of the Service;
• your breach of these Terms or of any law, regulation, or right of a third party;
• any content you submit to the Service;
• any transaction you authorise using your Wallet;
• any tax or regulatory obligation applicable to you.

15. Modifications

The Foundation may modify these Terms at any time by posting a revised version on the Service. Material changes will be indicated by updating the "Last updated" date at the top of this page. Your continued use of the Service after the effective date of a revised version constitutes acceptance of the modifications.

16. Termination and availability

The Foundation may, at its sole discretion and without notice, modify, suspend, restrict, or discontinue all or any part of the Service at any time, including access from particular jurisdictions or for particular Wallet addresses. You may stop using the Service at any time. Termination does not affect obligations that by their nature survive, including Sections 10, 12, 13, 14, 17 and 18.

17. Governing law and jurisdiction

These Terms and any non-contractual obligations arising out of or in connection with them are governed by the substantive laws of Switzerland, excluding its conflict-of-laws rules and the United Nations Convention on Contracts for the International Sale of Goods.

Any dispute arising out of or in connection with these Terms or the Service shall be exclusively submitted to the competent courts of the city of Zug, Switzerland, subject to any mandatory consumer-protection provisions of the User's country of residence.

18. Severability

If any provision of these Terms is held to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force, and the invalid provision shall be replaced by a valid provision that comes as close as possible to the economic effect of the invalid one.

19. Entire agreement

These Terms, together with the Privacy Policy, constitute the entire agreement between you and the Foundation concerning your use of the Service and supersede all prior agreements, understandings, and representations.

20. Contact

Questions about these Terms may be addressed to the Foundation at the registered address below or by email at connect@nlo.finance.

L1X Stiftung
c/o Sielva Management SA
Gubelstrasse 11
CH-6300 Zug
Switzerland
connect@nlo.finance