LEGAL

Terms of Use.

These Terms govern your access to and use of the Pantheon interface, including pantheonfi.com, app.pantheonfi.com, any mobile or desktop applications we publish, and any APIs or developer tools we make available. Please read them carefully.

Last updated · April 23, 2026

These Terms of Use (the "Terms") form a binding agreement between you ("you" or "User") and Pantheon ("Pantheon," "we," "us," or "our"). By accessing, browsing, connecting a wallet to, or otherwise using the Pantheon interface (collectively, the "Interface"), you agree to be bound by these Terms, our Privacy Policy, and any additional terms or policies referenced here. If you do not agree, do not use the Interface.

These Terms contain an arbitration clause and a waiver of the right to participate in class actions. Please review Section 16 (Dispute Resolution) carefully.

1. The Interface

Pantheon operates a software interface (the "Interface") that allows Users to interact with the Hyperliquid decentralized exchange protocol (the "Protocol") and related third-party on-chain services. The Protocol is an open, permissionless protocol operated by independent validators; it is not owned, operated, or controlled by Pantheon.

The Interface is a non-custodial tool. Pantheon does not hold, control, or have access to your private keys, your wallet, your digital assets, or your positions at any time. All trading, deposit, withdrawal, settlement, and margining activity occurs directly between your wallet and the Protocol. Pantheon is not a broker, dealer, exchange, custodian, money-service business, investment adviser, fiduciary, or counterparty to any trade you execute through the Interface.

The Interface may surface market data, analytics, journaling tools, coaching commentary, and charting libraries (including third-party charting provided by TradingView). These are informational tools only and do not constitute investment, legal, tax, or financial advice.

2. Eligibility

By using the Interface, you represent and warrant that:

  • you are at least 18 years old (or the age of majority in your jurisdiction, if higher);
  • you have the full legal capacity and authority to enter into these Terms;
  • you are not a Restricted Person as defined in Section 3;
  • you will not access the Interface from, or use the Interface on behalf of any person located in, any Restricted Jurisdiction;
  • your use of the Interface complies with all laws, rules, and regulations applicable to you, including anti-money-laundering, counter-terrorist-financing, sanctions, tax, and securities laws;
  • you have not been previously suspended or removed from the Interface; and
  • the digital assets you use with the Interface are not derived from, and will not be used for, any unlawful activity.

3. Restricted Jurisdictions and Restricted Persons

Because the Protocol offers leveraged derivatives products, access is restricted in certain jurisdictions. You may not access or use the Interface if you are a "Restricted Person." A Restricted Person is any person or entity who:

  • is a resident, citizen, national, or agent of, or is incorporated or otherwise organized in, or has a principal place of business in, the United States of America (including its territories and possessions) or any jurisdiction in which the offering or use of leveraged derivatives products, or the Interface itself, is prohibited, restricted, or unauthorized (collectively, "Restricted Jurisdictions");
  • is located in, or is a resident, citizen, or national of, Cuba, Iran, North Korea, Syria, the Crimea region, the so-called Donetsk People's Republic, the so-called Luhansk People's Republic, or any other country or region subject to comprehensive sanctions administered by the U.S. Office of Foreign Assets Control ("OFAC"), the United Nations Security Council, the European Union, His Majesty's Treasury (UK), or any other applicable sanctions authority (the "Sanctioned Jurisdictions");
  • is listed on any sanctions or denied-persons list maintained by OFAC, the U.S. Department of State, the U.S. Department of Commerce, the United Nations, the European Union, the United Kingdom, or any other applicable government authority; or
  • is owned or controlled by, or is acting on behalf of, any of the foregoing.

You agree not to attempt to access the Interface through a virtual private network, proxy, false declaration of residency, or any other mechanism designed to circumvent these restrictions. We may use geo-blocking, wallet screening, chain-analytics, and other tools to enforce this Section, and we may suspend, restrict, or terminate access at any time, in our sole discretion, without notice.

4. Account Access and Wallet Connection

To use most features of the Interface, you must connect a self-custodial digital-asset wallet. You are solely responsible for: (a) maintaining the security of your wallet, private keys, seed phrase, and any recovery credentials; (b) every transaction signed by your wallet, whether or not you authorized it; and (c) ensuring that the software, hardware, and network you use to access your wallet is trustworthy. Pantheon will never ask you for your private keys, seed phrase, or wallet password, and will never initiate a transaction from your wallet.

We may from time to time require you to create a Pantheon profile (managed by our identity provider) to unlock journaling, analytics, and AI-coaching features. That profile is strictly a convenience layer and does not custody, control, or unlock any digital asset.

5. Risks You Accept

Trading perpetual futures and other leveraged derivatives is extremely risky and is not suitable for every person. By using the Interface, you acknowledge and accept that:

  • You can lose some or all of your deposited margin in seconds. Leveraged positions can be liquidated without notice when the market moves against you.
  • Digital-asset prices are highly volatile and may move to zero. Past performance is not indicative of future results.
  • The Protocol is open software. It may contain bugs, economic exploits, or governance changes that affect your positions. Pantheon does not control the Protocol and cannot reverse executed trades, adjust funding, or unwind liquidations.
  • Blockchain and network conditions (including congestion, forks, reorgs, chain halts, oracle failures, and RPC outages) may delay or prevent execution, cancellation, or withdrawal of positions.
  • Smart-contract risk. Interaction with decentralized protocols carries irreducible technical risk. Funds sent to a protocol or contract may be permanently lost.
  • Regulatory risk. Laws and regulations applicable to digital assets and derivatives are evolving and may change in ways that affect your ability to use the Interface or retain access to your positions.
  • No deposit insurance. Digital assets held in your wallet or deposited with the Protocol are not protected by any deposit-insurance scheme, SIPC, or similar.

You are solely responsible for evaluating whether a trade or strategy is appropriate for you. You should not trade with funds you cannot afford to lose entirely.

6. No Advice; No Fiduciary Relationship

Information provided through the Interface — including AI-generated commentary, checklists, risk warnings, analytics, and educational content — is general information only. It is not investment advice, legal advice, tax advice, accounting advice, or a solicitation to buy or sell any digital asset or derivative. Nothing on the Interface creates an advisory, fiduciary, broker-dealer, or similar relationship between you and Pantheon. You should consult a qualified professional before making financial decisions.

7. Fees

7.1 Combined rate shown in the Interface

When you place a trade through the Interface, the transaction costs you incur include (a) fees assessed by the Protocol and (b) a platform fee payable to Pantheon. For your convenience, the Interface displays these amounts as a single combined rate; the combined rate is the rate you actually pay on each fill. Current combined maker and taker rates are displayed on your Profile page and in the Fee Schedule dialog accessible from that page.

7.2 Platform fee mechanics

The platform-fee component is collected through the Protocol's "builder fee" mechanism. When you first enable trading on the Interface, you are prompted to sign an on-chain authorization specifying a maximum rate at which Pantheon may collect a platform fee on orders you route through the Interface. Pantheon will not charge a platform fee exceeding the rate you authorized. The platform-fee rate we currently charge is set at or below that maximum and is already included in the combined rates shown on your Profile page. We may adjust the platform-fee rate upward or downward at any time, up to (but not exceeding) the rate you authorized; any change is reflected in the displayed combined rate before you place subsequent trades. If you wish to revoke your authorization, you may do so directly on the Protocol at any time; once revoked, the Interface will prompt you to re-authorize before placing further orders.

7.3 Protocol fees and gas

Fees and obligations assessed by the Protocol — including trading fees, funding payments, liquidation fees, and any margin-related charges — are determined by the Protocol and its validators, not by Pantheon. Gas and network costs for on-chain deposits, withdrawals, and transfers are paid to the underlying blockchain network and are outside Pantheon's control.

7.4 Other fees

Pantheon may charge additional fees — including subscription fees or fees for premium features — that will be disclosed in-product before you incur them.

7.5 Non-refundable

All fees — whether platform, protocol, subscription, or otherwise — are non-refundable except as expressly stated in these Terms or as required by applicable law.

8. Prohibited Conduct

When using the Interface, you agree not to:

  • violate any applicable law, regulation, or the rights of any person;
  • use the Interface to engage in market manipulation, wash trading, spoofing, layering, front-running, or any other manipulative or abusive trading practice;
  • use the Interface to launder money, finance terrorism, evade taxes, evade sanctions, or engage in any other illegal activity;
  • circumvent, disable, or otherwise interfere with any security, access-control, or rate-limiting feature of the Interface;
  • scrape, harvest, or otherwise extract data from the Interface except through documented APIs and within their published rate limits;
  • copy, modify, reverse-engineer, decompile, or create derivative works of the Interface, except to the extent this restriction is prohibited by applicable law;
  • introduce any virus, worm, malware, trojan, logic bomb, or other harmful code to the Interface;
  • use the Interface to infringe, misappropriate, or violate any intellectual-property or proprietary right;
  • use the Interface on behalf of a Restricted Person or from a Restricted Jurisdiction; or
  • use the Interface in any way that could harm Pantheon, other Users, or third parties.

9. Third-Party Services

The Interface integrates with third-party services, including:

  • Hyperliquid. The decentralized derivatives protocol to which the Interface routes orders. Use of the Protocol is subject to its own terms and documentation.
  • TradingView. Charting is powered by TradingView, the go-to charting library embraced by millions of traders. Your use of TradingView-provided functionality is also subject to TradingView's terms, available at tradingview.com.
  • Wallet and identity providers. Wallet connection, authentication, and related services may be provided by third parties whose terms apply independently.
  • Other integrations. Price feeds, on-chain data providers, analytics providers, email providers, and infrastructure providers may be used to operate the Interface.

Pantheon is not responsible for the availability, accuracy, or conduct of any third-party service, and integration with a third-party service does not imply endorsement.

10. Intellectual Property

The Interface, including its source code, design, brand assets, copy, illustrations, trademarks, and service marks, is owned by Pantheon or its licensors and is protected by intellectual-property laws. Subject to your compliance with these Terms, we grant you a limited, personal, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Interface for your own non-commercial use. All other rights are reserved.

"Pantheon," the Π mark, and related names and logos are trademarks of Pantheon. You may not use them without our prior written permission, except for nominative fair use in describing the Interface.

11. User Content and Feedback

If you submit trade notes, journal entries, comments, or other content through the Interface ("User Content"), you retain ownership of it, but you grant Pantheon a worldwide, royalty-free, sublicensable license to host, store, process, display, and use that content to operate and improve the Interface.

If you send us feedback, feature requests, or suggestions, you agree that we may use that feedback without restriction and without any obligation to you.

12. Privacy

Our Privacy Policy describes how we collect, use, and share information in connection with the Interface. By using the Interface, you agree to our Privacy Policy.

13. Changes to These Terms

We may update these Terms from time to time. When we do, we will update the "Last updated" date at the top of this page and, for material changes, provide additional notice (for example, an in-product banner). Your continued use of the Interface after an update constitutes acceptance of the updated Terms. If you do not agree to the updated Terms, you must stop using the Interface.

14. Suspension and Termination

We may suspend, restrict, or terminate your access to the Interface at any time, with or without notice, for any reason, including suspected violation of these Terms, suspected illegal activity, or to comply with law. Because the Interface is non-custodial, termination of access does not affect the on-chain ownership of your digital assets; you remain able to interact with the Protocol directly or through any other client.

Sections that by their nature should survive termination (including Sections 5, 6, 10, 11, 15, 16, 17, and 18) will survive.

15. Disclaimers of Warranties

THE INTERFACE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE. TO THE FULLEST EXTENT PERMITTED BY LAW, PANTHEON DISCLAIMS ALL WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE.

PANTHEON DOES NOT WARRANT THAT THE INTERFACE WILL BE UNINTERRUPTED, TIMELY, SECURE, ERROR-FREE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. PANTHEON DOES NOT WARRANT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF ANY MARKET DATA, PRICE FEED, AI OUTPUT, OR OTHER INFORMATION MADE AVAILABLE THROUGH THE INTERFACE.

16. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT WILL PANTHEON, ITS AFFILIATES, OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR LICENSORS BE LIABLE FOR: (A) ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES; (B) ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR OTHER INTANGIBLE LOSSES; (C) ANY LOSS RESULTING FROM LIQUIDATION, FUNDING, SLIPPAGE, MARKET VOLATILITY, NETWORK CONGESTION, OR PROTOCOL BEHAVIOR; OR (D) ANY LOSS RESULTING FROM UNAUTHORIZED ACCESS TO OR USE OF YOUR WALLET OR ACCOUNT, IN EACH CASE WHETHER BASED ON CONTRACT, TORT, STATUTE, OR OTHER LEGAL THEORY, AND WHETHER OR NOT PANTHEON HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

IN ANY CASE, PANTHEON'S TOTAL AGGREGATE LIABILITY ARISING OUT OF OR RELATING TO THESE TERMS OR THE INTERFACE WILL NOT EXCEED THE GREATER OF (I) THE AMOUNT OF FEES YOU PAID DIRECTLY TO PANTHEON IN THE THREE (3) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR (II) ONE HUNDRED U.S. DOLLARS (US$100).

17. Indemnification

You agree to defend, indemnify, and hold harmless Pantheon and its affiliates, and their respective officers, directors, employees, and agents, from and against any claims, damages, liabilities, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to: (a) your use of the Interface; (b) your User Content; (c) your breach of these Terms; (d) your violation of any law or the rights of any third party; or (e) any trade, position, or transaction you initiate through the Interface.

18. Dispute Resolution; Governing Law

18.1 Informal resolution

Before filing a claim, you agree to try to resolve the dispute informally by contacting us through the contact page and selecting the Legal category. We will try to resolve the dispute by replying to the email address you provide.

18.2 Binding arbitration

If we cannot resolve a dispute informally within sixty (60) days, any dispute arising out of or relating to these Terms or the Interface will be resolved by binding arbitration administered under the rules of a recognized international arbitration institution. The seat of arbitration will be the British Virgin Islands, the arbitration will be conducted in English, and the arbitral award will be final and binding and may be entered in any court of competent jurisdiction.

18.3 Class-action waiver

YOU AND PANTHEON AGREE THAT ANY DISPUTE WILL BE BROUGHT IN YOUR INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE, OR REPRESENTATIVE PROCEEDING. You waive any right to participate in a class action against Pantheon.

18.4 Governing law

These Terms and any non-contractual obligations arising out of them are governed by the laws of the British Virgin Islands, without regard to conflict-of-laws principles.

19. Miscellaneous

  • Entire agreement. These Terms, together with the Privacy Policy and any in-product notices, are the entire agreement between you and Pantheon about the Interface.
  • Severability. If any provision of these Terms is held to be invalid or unenforceable, the remaining provisions will remain in full force.
  • No waiver. Our failure to enforce any right or provision of these Terms will not be deemed a waiver of that right or provision.
  • Assignment. You may not assign these Terms without our prior written consent. We may assign these Terms in connection with a merger, acquisition, reorganization, or sale of assets.
  • Force majeure. We are not liable for any failure or delay caused by events beyond our reasonable control, including acts of God, network outages, protocol halts, regulatory actions, and labor disputes.
  • Language. If these Terms are translated into a language other than English and there is any inconsistency, the English version controls.
  • Headings. Section headings are for convenience only and do not affect interpretation.

20. Contact

Questions about these Terms can be sent via the contact page — please choose the Legal category so the right person sees it.

Questions? Reach us at pantheonfi.com/contact.