Liquidium WTF Terms of Use

Effective date: September 14, 2026
Version: 1.0

USE OF THE LIQUIDIUM APPLICATION FUNCTIONS OF THE SITE BY PERSONS WHO ARE CURRENTLY OR ORDINARILY LOCATED OR RESIDE IN A RESTRICTED LOCATION IS STRICTLY PROHIBITED, REGARDLESS OF THE USER'S IP ADDRESS. USING A VIRTUAL PRIVATE NETWORK, PROXY, FALSE INFORMATION, OR ANOTHER METHOD TO CONCEAL A RESTRICTED LOCATION OR OTHERWISE EVADE OUR ACCESS CONTROLS IS ALSO STRICTLY PROHIBITED.

Please review these Terms of Use ("Terms") carefully. They set forth the legally binding terms and conditions that govern your access to and use of the marketing website located at https://liquidium.wtf (the "Website"), the application at https://app.liquidium.wtf, including its Bitcoin and Robinhood Chain interfaces (the "Interface" or "App"), and any related application programming interface, software development kit, documentation, support feature, recovery tool, content, or service that Liquidium expressly makes available as part of Liquidium WTF. To make these Terms easier to read, those services and materials are collectively called the "Site."

Liquidium Inc., a Panama corporation ("Liquidium," the "Company," "we," "our," or "us"), operates Liquidium WTF and is the contracting party under these Terms. The Site and its associated content, software, trademarks, and materials are owned by or licensed to Liquidium and its licensors.

Your submission of personal information through or in connection with the Site is governed by our Privacy Policy. Our Cookie Notice provides additional disclosures about cookies, analytics, and similar technologies. Our Restricted Locations and Supported Networks and Assets pages contain additional rules applicable to the Site and are incorporated into these Terms. The Contracts and Direct Settlement page provides technical information and does not change the terms of an existing transaction.

IMPORTANT NOTICE REGARDING ARBITRATION: WHEN YOU AGREE TO THESE TERMS, YOU AGREE, WITH LIMITED EXCEPTIONS, TO RESOLVE DISPUTES BETWEEN YOU AND LIQUIDIUM THROUGH BINDING, INDIVIDUAL ARBITRATION RATHER THAN IN COURT. PLEASE REVIEW SECTION 20 CAREFULLY. IF APPLICABLE LAW PROHIBITS ARBITRATION OF A DISPUTE, THE AGREEMENT TO ARBITRATE WILL NOT APPLY TO THAT DISPUTE, BUT SECTION 21 AND ANY NON-WAIVABLE RIGHTS UNDER APPLICABLE LAW WILL CONTINUE TO APPLY.

IMPORTANT BETA PHASE TECHNOLOGY NOTICE: THE INITIAL ROBINHOOD CHAIN EVM LOAN CONTRACT IS OPERATED AS A BETA DEPLOYMENT AND HAS NOT BEEN AUDITED BY AN INDEPENDENT SECURITY FIRM. IT USES A UUPS IMPLEMENTATION BEHIND AN ERC-1967 PROXY. DURING THE BETA PHASE, THE OWNER ROLE THAT AUTHORIZES CODE UPGRADES IS HELD BY A LIQUIDIUM-CONTROLLED SAFE SMART ACCOUNT AT 0x9E8E73Cf04e5c1552B9EA6698DDab986Ace147a4, CURRENTLY REQUIRING FOUR OF SIX OWNERS TO APPROVE A TRANSACTION. THERE IS NO ONCHAIN TIMELOCK OR CONFIGURED EXECUTION ROUTE THAT BYPASSES THAT FOUR-OF-SIX THRESHOLD. THE SAFE CAN UPGRADE THE CODE USED BY THE PROXY. REVIEW SECTION 15 AND THE CURRENT CONTRACT INFORMATION AT https://liquidium.wtf/contracts BEFORE USING THE SITE.

For purposes of these Terms, a "Beta Deployment" is an EVM loan-contract deployment for which the owner role that authorizes code upgrades has not been renounced, and the "Beta Phase" is the period during which that deployment remains a Beta Deployment. A deployment remains a Beta Deployment until Liquidium publicly announces that its upgrade authority has been renounced and publishes the onchain renouncement transaction. Liquidium will provide reasonable advance notice of a non-emergency upgrade where reasonably practicable. An upgrade reasonably necessary to address an urgent security issue, fraud, manipulation, legal requirement, or protocol-threatening defect may occur immediately.

An upgrade changes the implementation used by the proxy and may affect outstanding positions. Liquidium will not intentionally use an upgrade to change an active loan's principal, interest, Repayment, maturity, or collateral-entitlement rules or to disable its normal repayment and settlement paths. An emergency defect, failed upgrade, storage incompatibility, or other technical problem may nevertheless affect those terms or make settlement impossible.

1 Agreement to Terms

By accessing or using the Site, connecting a wallet, creating or using an account, or creating, signing, or filling an offer through the Site, you agree to these Terms and the policies incorporated into them. If you do not agree, you are not authorized to use the Site.

These Terms govern your relationship with Liquidium and your use of the Site. They do not govern every independent interaction with a public blockchain, a third-party interface, or software that Liquidium does not provide. A peer-to-peer transaction entered into through the Site is also governed by the signed offer, the resulting onchain or Bitcoin transaction, and the applicable protocol rules as described in Section 5.

The version of these Terms in effect when a P2P Agreement is formed continues to govern that P2P Agreement and its settlement. Later Terms may govern your later use of the Site but do not change the economics, deadlines, or onchain result of an existing P2P Agreement.

2 Privacy Policy

Please review our Privacy Policy for information about how Liquidium collects, uses, discloses, and retains information. Please also review our Cookie Notice for information about cookies, analytics, and similar technologies.

Public blockchains are transparent. Wallet addresses, asset identifiers, offer or loan terms, signatures, transactions, contract events, and related activity may be publicly visible and may remain available for the lifetime of the relevant blockchain. Liquidium cannot edit or delete a public blockchain record.

3 Description of the Interface

i The Interface

The Interface is a decentralized-finance web interface through which users (each a "User") may use self-custodial wallets to interact with other Users on a peer-to-peer ("P2P") basis using supported blockchain infrastructure. Liquidium hosts the Interface and operates certain related offchain services, including backend services, offer display and sorting, indexing, and valuation services used for supported originations.

ii Supported Networks and Assets

The Site may support Bitcoin and selected Ethereum Virtual Machine compatible networks ("EVM Networks"), including Robinhood Chain, together with selected digital assets on those networks. The networks, asset types, collections, and principal assets currently supported through the Interface are identified on the Supported Networks and Assets page and in the Interface (collectively, "Supported Networks and Assets"). Technical compatibility with a network or contract does not mean that Liquidium supports it.

On Bitcoin, supported assets may include bitcoin ("BTC"), its smallest divisible units ("Satoshis" or "Sats"), Ordinal inscriptions ("Ordinals"), Runes, and other assets expressly enabled through the Interface (collectively, "Bitcoin Assets"). On EVM Networks, supported assets may include ERC-721 non-fungible tokens, ERC-20 tokens, wrapped native assets, and other assets expressly enabled through the Interface (collectively, "EVM Assets").

The initial Robinhood Chain product supports selected ERC-721 tokens as collateral and Liquidity Provider-created offers using WETH or USDG as the principal and repayment asset where the applicable market is enabled. ERC-20 collateral, ERC-1155 collateral, and Stock Tokens are not supported at initial launch. References in these Terms to future fungible collateral, Stock Tokens, tokenized assets, or other asset types do not mean they are currently supported.

iii Liquidity Provision Overview

The Interface allows Users seeking liquidity ("Liquidity Seekers") to use Supported Networks and Assets as collateral and receive liquidity from other Users ("Liquidity Providers"). A Liquidity Seeker must repay the principal plus the fixed interest or other fee agreed with the Liquidity Provider (the "Liquidity Fee," and together with principal, the "Repayment") within the agreed period (the "Duration Term") to recover the collateral. A Liquidity Provider receives the portion of the Liquidity Fee stated in the applicable transaction (the "Liquidity Provider Fee"). If the required Repayment is not completed within the Duration Term, the applicable protocol may allow the Liquidity Provider to claim the collateral.

iv Liquidium's Role

Liquidium is not a Liquidity Seeker, Liquidity Provider, lender, borrower, guarantor, broker, dealer, custodian, investment adviser, fiduciary, or counterparty to a P2P Agreement. Liquidium does not take possession of a User's wallet or private keys and does not guarantee payment, repayment, collateral value, or performance by another User.

Liquidium does operate the hosted Interface and related services. It may determine which networks, assets, collections, and markets the Interface displays; establish interface-level parameters for future transactions; administer supported EVM deployments as described in Sections 8 and 15; display and sort offers; operate or obtain data for valuation services; and restrict access to the Interface as permitted by these Terms. Those activities do not give Liquidium custody of User assets or authority to reverse an executed blockchain transaction.

v Robinhood Chain Independence

Liquidium is an independent application deployed on Robinhood Chain and is not affiliated with, endorsed by, or officially connected with Robinhood Markets, Inc.

4 Connecting to the Interface and Accounts

i Wallet Connection

You may browse parts of the Site without an account or connected wallet. You must connect compatible self-custodial wallet software to create, sign, fill, cancel, repay, or settle a transaction through the Interface. Your wallet provider is a third party, and your relationship with it is governed by its own terms and privacy policy.

Liquidium does not have custody or control of the contents of your wallet and cannot retrieve your private keys, reverse a wallet transaction, or restore access to a lost or compromised wallet. You represent and warrant that you have lawful authority to control and use each wallet, account, asset, and entity that you use or represent in connection with the Site.

You are responsible for the security of your wallet, device, credentials, private keys, seed phrase, passkeys, permissions, token approvals, and signatures. Liquidium support will never ask you for a seed phrase or private key. You are responsible for reviewing each wallet request and transaction before authorizing it.

The fact that a wallet or account type is technically capable of connecting does not mean Liquidium has tested, approved, or agreed to support it. Smart-contract wallets, multisignature wallets, delegated accounts, passkey accounts, custodial wallets, and other wallet types may behave differently or be incompatible with some functions.

ii Optional Accounts and Features

Where available, the Site may permit you to create an account or provide optional information such as an email address, username, profile information, Telegram handle, notification preferences, or referral information. You must provide accurate information and keep any account credentials secure. Some optional features may be unavailable if you do not provide the information needed to operate them.

You are responsible for activity authorized through your wallet or account. Notify Liquidium promptly through help@liquidium.wtf or Intercom if you believe an offchain account has been compromised. Notice to Liquidium does not revoke a blockchain approval, invalidate an existing signature, cancel an offer, or stop a pending transaction.

5 P2P Agreements

i Agreement Between Users

Each agreement to obtain or provide liquidity is between the applicable Liquidity Seeker and Liquidity Provider (a "P2P Agreement"). Liquidium is not a party to a P2P Agreement and does not act as either User's agent. The applicable smart contract, Bitcoin transaction structure, signed offer, and resulting blockchain record determine protocol execution.

Each party to a P2P Agreement represents to the other party that it has lawful authority to use the applicable wallet and assets, enter into the transaction, and perform its obligations, and that its participation in the transaction is lawful. These representations do not make Liquidium a party to the P2P Agreement or create a duty for Liquidium to verify either party.

ii Offers and Formation

The Interface may support Liquidity Provider-created offers and, where expressly available, Liquidity Seeker-created requests or other transaction paths. Before authorizing a transaction, Users must review the information displayed by the Interface and wallet, including the collateral or collection, principal and repayment asset, principal amount, rate, fixed interest, Duration Term, maturity or default time, fees, valuation or loan-to-value information, network, and applicable contract.

An EVM Liquidity Provider may sign an offer offchain. Signing an offer authorizes it to be filled according to its stated conditions until it expires or is effectively cancelled or invalidated onchain. The P2P Agreement and loan are formed only when a valid offer is successfully filled and the origination transaction is confirmed according to the applicable protocol. Publishing an offer does not escrow or transfer the Liquidity Provider's WETH or other principal asset. The asset remains in the Liquidity Provider's wallet until a successful fill transfers it.

An attempted onchain cancellation or nonce invalidation may compete with a fill. Cancellation is effective only when the applicable cancellation transaction is confirmed before a valid fill. Removing an offer from the Interface or Liquidium's database, disconnecting a wallet, revoking an unrelated token approval, or asking support to cancel does not by itself cancel an offer onchain.

iii Controlling Transaction Terms

The signed offer and resulting blockchain transaction or loan record control the economic terms of a P2P Agreement. Interface displays, estimates, annual percentage rate (APR) or annual percentage yield (APY) presentations, collection-level settings, and market labels are informational and do not override the signed terms or onchain state. APR and APY may use different presentation conventions. You must review the principal, fixed interest, Repayment, Duration Term, and fees rather than relying on a single annualized rate.

Unless the signed terms or applicable protocol expressly state otherwise, repayment must be made in full; partial repayment, collateral substitution, collateral additions, loan extensions, refinancing, and transfer of a loan position are not supported. Early full repayment may be permitted, but the full fixed interest agreed at origination remains due and is not prorated or rebated merely because repayment occurs early. The initial EVM product uses time-based default and does not liquidate collateral solely because its market value changes.

iv Settlement and Disputes

If a Liquidity Seeker completes the required Repayment before the applicable deadline and the protocol conditions are satisfied, the collateral becomes returnable to the Liquidity Seeker. If the Liquidity Seeker does not complete the required Repayment in time, the collateral may become claimable by the Liquidity Provider. In the ordinary flow, the Liquidity Seeker pays the network fee to submit repayment and unlock collateral, and the Liquidity Provider pays the network fee to claim collateral after default. More generally, the User who initiates a repayment, claim, cancellation, or other settlement transaction is responsible for the applicable network fee.

Smart-contract or Bitcoin state controls protocol execution. Liquidium does not reverse, decide, arbitrate, or mediate disputes between a Liquidity Seeker and Liquidity Provider. Users may have direct legal rights or claims against each other under applicable law, including rights that cannot be waived. Sections 20 and 21 govern disputes between a User and Liquidium and do not automatically govern a dispute solely between P2P counterparties.

v Collateral Distributions and Rights

Tokens, airdrops, redemption rights, governance rights, forks, or other distributions or benefits associated with collateral may be unavailable or unusable while collateral is locked. To the extent an asset or distribution is delivered to the address or contract holding collateral and can be transferred through the applicable settlement path, it will generally follow the collateral to the party entitled to receive that collateral after repayment or default. Liquidium does not guarantee that any distribution or right will be identified, supported, claimed, preserved, or transferred. A distribution or collateral asset may be permanently stuck or lost because of its design, a contract incompatibility, a freeze or transfer restriction, or a technical failure.

6 Eligibility Restricted Locations and Compliance

As a condition of using the Site, you represent, warrant, and agree that:

1. if you are an individual, you are at least 18 years old, have legal capacity to enter into these Terms, and are not otherwise barred from using the Site under applicable law;
2. if you act for an entity, you have authority to bind that entity, in which case "you" includes the entity;
3. you have lawful authority to use the wallets and assets involved in each transaction;
4. your access to and use of the Site, and each transaction you enter, complies with all laws, regulations, orders, sanctions, and restrictions applicable to you;
5. you are not located in, ordinarily resident in, or accessing the application functions of the Site from a location identified on the Restricted Locations page;
6. you are not a sanctioned, prohibited, or blocked person or entity, do not act for one, and are not owned or controlled by one, to the extent prohibited by applicable law;
7. you will not transact through the Site with a counterparty whom you know or have reason to know is prohibited from the transaction;
8. you will not use a VPN, proxy, false information, or another method to evade geographic, sanctions, or other access controls; and
9. you will not use the Site for unlawful activity or to assist another person in unlawful activity.

The Restricted Locations page is a product access list, not a representation that it comprehensively identifies every jurisdiction, person, or activity subject to sanctions or legal restrictions. You remain responsible for determining whether your use is lawful. Liquidium may use IP address, country information, and other risk-based controls to restrict access to the hosted Interface. These controls are not comprehensive and do not establish a User's legal eligibility.

Public smart contracts may remain technically accessible without the Interface. Technical accessibility does not make use lawful or mean that Liquidium authorizes the use. Liquidium may request information or restrict access when reasonably necessary to comply with law, sanctions, a binding governmental request, or the protective measures permitted by Section 13.

7 Use of the Site and Fees

i Bitcoin Fees

For manual Ordinal and manual Rune loans, Liquidium charges no activation fee. For instant Ordinal and instant Rune loans, Liquidium charges an activation fee equal to 0.75% of principal, subject to a minimum of 1,000 Sats.

For manual and instant Ordinal and Rune loans, Liquidium's protocol share is 30% of the Liquidity Fee (the "Liquidium Fee") and the Liquidity Provider's share is 70%. If the calculated Liquidium Fee is less than 2,000 Sats, Liquidium waives it. Eligible LIQ or sLIQ holders may receive a tiered borrower discount or Liquidity Provider bonus equal to 5% to 25% of the Liquidium Fee, subject to the eligibility tier and amount displayed by the Interface for the transaction.

ii EVM Fees

For Robinhood Chain and other EVM loans using the same approved fee configuration, Liquidium charges an activation fee equal to 0.75% of principal, with no minimum activation fee, and a Liquidium Fee equal to 30% of the Liquidity Fee. On origination, the Liquidity Seeker receives the principal less the activation fee. On repayment, the Liquidity Provider receives its principal plus the remaining 70% of the Liquidity Fee. No Liquidium Fee on interest is collected if the Liquidity Seeker defaults and no Repayment occurs. LIQ and sLIQ discounts and bonuses do not apply to Robinhood Chain or other EVM loans unless the Interface and a later version of these Terms expressly state otherwise.

iii Fee Display and Changes

The Interface will display the fees applicable to a transaction before the User authorizes it. The resulting loan and applicable contract determine the fees for that P2P Agreement. Those fees are fixed when the loan originates. A later fee change cannot alter an active loan's principal, interest, Repayment, fees, or other economic terms.

Although the administrator described in Section 8 can technically change an EVM deployment's fee configuration, Liquidium will not change the fee configuration of an existing EVM deployment. If Liquidium introduces different fees, it will first pause new loan originations through the superseded deployment and will enable the different fees only through a new deployment. Existing loans will remain governed by their original terms and may continue to be repaid or settled through the deployment on which they originated. Outstanding offers for the superseded deployment may remain signed but cannot be filled while new originations are paused. Users must create, sign, or fill new offers for the new deployment under the then-current Terms.

This fee-change policy applies during and after the Beta Phase. Liquidium will not use an upgrade or administrative transaction to circumvent it.

Liquidium charges no separate interface or protocol fee for offer cancellation, token approval or approval revocation, withdrawal, repayment, default claim, collateral delivery, oracle use, ETH-to-WETH wrapping or unwrapping, support, or use of the Bitcoin recovery tool. This statement does not eliminate network fees or fees imposed by third parties.

iv Network Fees and Taxes

You are responsible for all gas, miner, transaction, and other network fees required for your activity. Those fees are paid to network participants, can change unpredictably, and are non-refundable. An estimate may differ from the fee ultimately charged. A transaction is not invalid merely because its network fee was unknown, higher than estimated, or unacceptable to a User.

You are solely responsible for determining, reporting, and paying any taxes arising from your use of the Site or a P2P Agreement.

8 Transaction Systems and Asset Mechanics

i Bitcoin Transactions

Depending on the Bitcoin product path, the Site may use Bitcoin scripts, partially signed Bitcoin transactions, discreet log contract techniques, attestations, multisignature workflows, timelocks, indexing services, and Internet Computer Protocol canisters or related services to originate or settle a P2P Agreement. The exact signed transaction and applicable protocol determine the result. Some Bitcoin paths depend on Liquidium-operated or third-party services and authorized signatures. If those services, canisters, signers, or networks become unavailable, a new transaction or settlement may be delayed or impossible, and assets may remain locked.

The Site may make a recovery tool available to help technically capable Users construct or submit certain Bitcoin recovery transactions. The tool is assistance only, may not work in every circumstance, and does not guarantee recovery. The public recovery-tool code is made available under the MIT License identified in its repository.

ii EVM Beta Upgrades and Administrative Controls

EVM P2P Agreements are executed through smart contracts on the applicable EVM Network. The initial Robinhood Chain product uses a UUPS implementation behind an ERC-1967 proxy and begins as a Beta Deployment. During the Beta Phase, the Liquidium-controlled Safe Smart Account identified in the opening notice holds the owner role that authorizes UUPS code upgrades. It is currently configured to require four of six owners, has no onchain timelock, and has no configured execution route that bypasses that threshold.

The same Safe controls a separate administrator role. That role may pause new loan originations; change the activation fee, protocol share of interest, fee recipient, authorized oracle signer, and valuation settings; and add or remove supported collections or principal assets. Liquidium's policy for any different fee configuration is stated in Section 7. An origination pause or applicable allowlist change may prevent a signed but unfilled offer from being filled.

During the Beta Phase, a Safe-approved upgrade may replace the implementation used by the proxy while retaining the proxy address and stored state. Liquidium will follow the active-loan protections and notice process stated in the opening notice and Section 13. An upgrade may nevertheless contain an error, corrupt or misinterpret stored state, change contract behavior, or make a position or asset inaccessible.

Liquidium may conclude the Beta Phase for a deployment by renouncing its owner role and publishing both a public announcement and the onchain renouncement transaction. Liquidium may continue using that deployment after renouncement or may pause new originations on it and make another deployment available. Each deployment remains a Beta Deployment until its own upgrade authority has been renounced. Existing loans remain on the deployment where they originated and may continue to use its available settlement functions.

After the owner role for a deployment is renounced, the implementation's authorized UUPS code-upgrade path becomes unavailable. Renouncing that owner role does not remove the separate administrator role or its powers described above. Those administrative controls do not change an active loan's economic terms or prevent repayment, default claims, collateral claims, repayment claims, or other settlement functions available under the contract.

The EVM contract source repository is private and is not promised for public release. Users must verify the current proxy, implementation, Safe, upgrade history, administrative state, and any renouncement evidence on the Contracts and Direct Settlement page before transacting. Liquidium may publish those records, bytecode information, and limited settlement interfaces without publishing the source code.

iii WETH Settlement and Wrapping

ETH-labelled loans are funded, disbursed, repaid, and returned to Liquidity Providers in WETH. Publishing an offer does not escrow or transfer WETH; the Liquidity Provider's WETH remains in its wallet until the offer is successfully filled. The Interface may facilitate direct one-to-one wrapping or unwrapping between ETH and WETH through the applicable network's canonical WETH contract by preparing a separate transaction that the User must authorize.

Liquidium does not operate a digital-asset exchange or route this conversion through a decentralized exchange or aggregator, and it charges no separate wrapping fee or spread. Users are responsible for network gas and accept the availability, execution, and smart-contract risks associated with WETH and the wrapping or unwrapping transaction. Repayment of a WETH loan must be made in WETH even if the User holds native ETH.

iv Future Networks and Assets

Liquidium may later support other EVM Networks, fungible-token collateral, additional NFT standards, Stock Tokens, tokenized securities or real-world assets, or other blockchain systems. Such an asset or network is supported only when Liquidium expressly enables it through the Interface and identifies it on the Supported Networks and Assets page. Additional eligibility, issuer, transfer, location, or transaction rules displayed for a future asset or network also apply. Liquidium may decline to support an asset even if a public contract can technically receive it.

9 No Professional Advice or Fiduciary Duties

All information provided in connection with the Site is for general informational purposes only. It is not financial, investment, legal, tax, accounting, or other professional advice and is not a recommendation to enter any transaction. You should not act or refrain from acting based on information from the Site, our documentation, social channels, support messages, tutorials, articles, data feeds, or third-party content without conducting your own review.

Before making a financial, legal, tax, or other decision, seek independent advice from a qualified professional where appropriate. These Terms do not create a fiduciary duty. To the fullest extent permitted by law, Liquidium owes only the duties expressly stated in these Terms.

10 Prohibited Activity

You may not use the Site to engage in any prohibited use described below. The examples are representative and not exhaustive. You will not:

1. violate or assist in violating any applicable law, including applicable anti-money laundering, counter-terrorist financing, sanctions, securities, commodities, derivatives, consumer-credit, tax, or data-protection law;
2. use the application functions of the Site from a Restricted Location, as or for a prohibited person, or through a method intended to evade an access control;
3. transact with digital assets that are the proceeds of crime, fraud, terrorism, sanctions evasion, tax evasion, or other unlawful activity;
4. provide false, inaccurate, or misleading information or impersonate another person;
5. use a wallet, account, asset, signature, or entity without lawful authority;
6. manipulate or attempt to manipulate an offer, valuation, oracle input, collection identity, market, transaction, contract state, or another User;
7. exploit, attack, interfere with, overload, disable, or circumvent the Site, its security controls, an API, a protocol, a smart contract, or a supporting service;
8. introduce malware or harmful code, probe for vulnerabilities without authorization, or use the Site to steal credentials, private keys, or assets;
9. infringe or violate intellectual-property, privacy, publicity, or other rights, or use Liquidium's name, marks, or branding without permission or in a way that falsely suggests affiliation or endorsement;
10. scrape, bulk-download, create a database from, resell, sublicense, or redistribute Liquidium-proprietary Site or API data except as expressly permitted by Section 11;
11. use automated means to access the hosted Site in violation of published rate limits, technical restrictions, or written authorization;
12. harass, threaten, abuse, stalk, or harm another person, Liquidium personnel, or a service provider; or
13. encourage, direct, or assist another person to do any of the foregoing.

Nothing in this Section prohibits lawful direct interaction with a public smart contract or operation of an independently developed compatible interface, subject to these Terms, applicable law, third-party rights, and Section 11.

11 Proprietary Rights APIs and User Submissions

i Site License and Ownership

Subject to these Terms, Liquidium grants you a limited, revocable, non-exclusive, non-transferable, and non-sublicensable license to access and use the hosted Site for lawful purposes. The Site and its content, software, trademarks, documentation, databases, design, and other materials are owned by or licensed to Liquidium and its licensors. Except for the limited rights expressly granted in these Terms or an applicable open-source license, no right, title, or interest is transferred to you, and no implied license is granted.

You may not copy, modify, distribute, sell, lease, frame, mirror, create derivative works from, reverse engineer, or commercially exploit the proprietary Site or its content except to the extent a restriction is prohibited by law or Liquidium expressly permits the activity in writing. You may not remove proprietary notices or use the Site to build a confusingly similar service by copying Liquidium's proprietary code, presentation, data, or branding.

Public smart contracts may be technically accessible through independently developed interfaces or direct contract interaction. That accessibility does not grant a license to Liquidium's proprietary frontend code, backend, private source code, API, order book, database, content, trademarks, or branding and does not imply Liquidium's endorsement.

ii API and SDK

Where Liquidium provides an authorized API, SDK, or oracle output, you may use it to build and operate a compatible service in accordance with its documentation, access controls, rate limits, security requirements, attribution requirements, and third-party data rights. You may perform ordinary caching, processing, and display reasonably necessary to operate an integrated service. Unless Liquidium expressly authorizes it in writing, you may not scrape or bulk-store the API, resell or sublicense access, or distribute Liquidium-proprietary API or oracle data as a standalone commercial dataset.

API keys and credentials must be kept confidential and may not be shared except as authorized. Liquidium may change, rate-limit, suspend, deprecate, or discontinue API or SDK access. Access to a Liquidium-hosted API, backend, database, indexer, order book, or oracle output is not guaranteed merely because a third party can interact with a public contract.

iii Transactional Content

You retain any rights you have in information you submit through the Site. You grant Liquidium and its service providers a non-exclusive, worldwide, royalty-free license to host, process, reproduce, transmit, and display offers, requests, signatures, wallet addresses, transaction instructions, and related data only as reasonably necessary to operate, secure, maintain, troubleshoot, and improve the Site; comply with law; and establish, exercise, or defend legal claims or resolve disputes. This license does not transfer ownership of, or grant Liquidium rights in, your tokens, NFTs, collateral, principal, or other digital assets. It survives only as long as reasonably necessary for completed transactions, security, legal compliance, records, and dispute resolution.

iv Feedback and Open Source Components

If you voluntarily submit feedback, comments, ideas, or suggestions about the Site ("Feedback"), you grant Liquidium the unrestricted right to use the Feedback without compensation or obligation to you.

Some components, including the public Bitcoin recovery tool, may be offered under a separate open-source license. The applicable repository license controls your rights in that component. The recovery tool is currently made available under the MIT License, including its warranty and liability disclaimer.

v Trademarks

Liquidium's names, logos, and marks may not be used without prior written permission. Third-party marks belong to their respective owners. A factual reference to a supported network does not imply sponsorship, endorsement, certification, or affiliation.

12 Third Party Services Data and Links

The Site depends on or interacts with third-party and public infrastructure, which may include wallets, blockchain networks, smart contracts, RPC services, indexers, oracles and market-data sources, hosting providers, token and NFT contracts, explorers, canonical wrapping contracts, support and notification providers, and other services. A third party may impose separate terms, privacy practices, fees, restrictions, or risks. You are responsible for reviewing the terms that apply to services you independently select or use.

Third-party infrastructure may be delayed, inaccurate, compromised, modified, suspended, or unavailable. Liquidium does not control a public blockchain, wallet provider, token issuer, NFT collection, Robinhood Chain, OpenSea, or another independent provider. An integrated provider is not necessarily required for direct settlement of an existing loan, and a provider used for display or analytics is not necessarily involved in a transaction.

Collection names, images, metadata, floor information, and market information may come from OpenSea, public blockchains, or other sources. Liquidium does not guarantee that this information is accurate, complete, current, authentic, or free of third-party rights. A change to a collection or its metadata may first need to appear in the relevant third-party source, and Liquidium may decide whether and when to reflect it. Displaying a collection or asset is not an endorsement, verification of ownership or intellectual-property rights, or guarantee of liquidity or value.

The Site may link to external websites, applications, or resources. Liquidium is not responsible for their availability, content, advertising, products, services, or practices and is not liable for loss caused by your use of or reliance on them, subject to liability that cannot lawfully be excluded.

13 Modification Suspension and Termination

Liquidium may modify, restrict, suspend, or terminate access to the hosted Site or an optional offchain account when reasonably necessary because of a violation of these Terms; unlawful or sanctions-related activity; fraud; security abuse; hacking; manipulation; protection of the Site, Users, or service providers; a binding legal requirement; or an emergency affecting the security or integrity of the Site or a supported protocol.

Liquidium may also change, replace, or discontinue features, networks, assets, markets, APIs, or other parts of the hosted Site prospectively. Where reasonably practicable, Liquidium will give notice appropriate to the circumstances. Liquidium may pause new loan originations through an EVM deployment when reasonably necessary for a reason stated above or to retire or replace a deployment. Liquidium has no obligation to continue originating new transactions through an older deployment.

During the Beta Phase, Liquidium will provide reasonable advance notice of a non-emergency contract upgrade where reasonably practicable through a prominent Website posting, a conspicuous Interface notice, and email where Liquidium has a current User email address. An upgrade reasonably necessary to address an urgent security issue, fraud, manipulation, legal requirement, or protocol-threatening defect may occur immediately. Liquidium will publish the resulting implementation address and upgrade transaction on the Contracts and Direct Settlement page as soon as reasonably practicable.

A restriction on the hosted Site does not by itself rewrite an existing P2P Agreement or alter onchain state. A contract upgrade during the Beta Phase is a separate action governed by the opening notice and this Section. Liquidium will not intentionally condition actions reasonably necessary to repay, cancel, or settle an existing position on acceptance of materially updated Terms. Liquidium may provide access through the Interface or maintain tested direct-settlement information for an applicable deployment, but it cannot guarantee that settlement will remain technically possible in every circumstance. Direct interaction is complex and is undertaken at the User's risk.

Sections 5, 7, 8, 9, 11, 12, and 14 through 22, together with existing P2P Agreements, onchain settlement rights and obligations, accrued fees, and any provision that by law or its nature should survive, will survive suspension, termination, or discontinuation for as long as applicable.

14 Accuracy of Information and Valuations

Liquidium attempts to provide useful information through the Site, but the information may be incomplete, inaccurate, delayed, or out of date. Interface information is not a substitute for reviewing the signed transaction, onchain state, applicable contract, and independent market sources.

Collateral valuations may use current OpenSea collection-floor information and, where necessary, conversion-rate information. Liquidium operates an offchain service that signs valuations accepted by the EVM contracts. The multisignature administrator may change the authorized oracle signer and valuation settings. Pricing inputs and signed valuations may be cached for a limited period and may be delayed, unavailable, inaccurate, or manipulated. Liquidium does not guarantee valuation accuracy or asset liquidity, and Users are responsible for evaluating loan terms. Oracle or pricing unavailability may prevent new loan originations, while existing repayment and default-settlement paths generally do not require a new oracle valuation.

The Interface may display estimates of APR, APY, interest, value, loan-to-value ratio, network fees, or transaction outcomes. Estimates and annualized presentations may use assumptions that do not match your circumstances or the final transaction. The signed offer, resulting loan, and blockchain record control.

15 Risks

By accessing or using the Site, you acknowledge and accept the following risks.

i Blockchain and Network Risk

Blockchain networks and related software are experimental and may contain defects. Networks may experience congestion, reorganizations, forks, failed or delayed finality, changed operating rules, high fees, attacks, validator or miner failures, or permanent discontinuation. A transaction may fail, remain pending, be replaced, be confirmed later than expected, or have an irreversible result. Liquidium does not control the underlying networks.

ii Smart Contract and Code Risk

Smart contracts, scripts, canisters, wallets, interfaces, and related software may contain vulnerabilities, design errors, malicious code, or incompatibilities that result in incorrect execution or total loss. Audits, testing, formal methods, or AI-assisted reviews, if any, are limited in scope and are not guarantees of security.

The EVM contracts used for the initial Robinhood Chain launch have not been audited by an independent security firm. Their source repository is private. You must not treat private source, bytecode information, or any published review as proof that the contracts are error-free.

During the Beta Phase, the Liquidium-controlled Safe identified in the opening notice may authorize UUPS code upgrades. The Safe currently requires four of six owners to approve a transaction, has no onchain timelock, and has no configured execution route that bypasses that threshold. Once the required approvals are obtained, an upgrade may be executed without a mandatory delay. A compromise, collusion, mistake, or loss affecting enough Safe owners could result in an unauthorized, malicious, delayed, or unavailable upgrade or administrative transaction.

An upgrade replaces the implementation used by the proxy while the proxy retains its address and stored state. An incorrect implementation, incompatible storage layout, faulty initialization, malicious code, or failed upgrade may corrupt or misinterpret loan state, change contract behavior, make assets inaccessible, or cause total loss. Liquidium will not intentionally use an upgrade to change an active loan's economic terms or disable its normal repayment and settlement paths, but an emergency defect or technical failure may make preservation or settlement impossible.

The separate administrator role controlled by the same Safe may, without an onchain timelock, pause new originations and change fees, the fee recipient, the authorized oracle signer, valuation settings, supported collections, and supported principal assets. An unauthorized or erroneous administrative transaction could immediately affect new originations, supported markets, valuations, or the destination of protocol fees. These administrative controls do not themselves change an active loan's economic terms or disable the contract's normal repayment and settlement functions. Liquidium's fee-change policy is stated in Section 7.

After the owner role for a deployment is renounced, its authorized UUPS code-upgrade path becomes unavailable. Code immutability means a later defect or incompatibility cannot be repaired within that deployment through an authorized upgrade. Liquidium may pause new originations, disable the Interface, stop providing new valuations, warn Users, and deploy a replacement, but cannot guarantee migration, rescue, or recovery. A replacement does not disable the older contract or cancel outstanding signatures unless the older contract's origination functions are separately paused or the signatures are otherwise invalidated.

Because the source repository is private, Users cannot independently confirm the source-to-bytecode correspondence merely from Liquidium's description, a Git hash, an upgrade transaction, or a renouncement transaction.

iii Bitcoin System Risk

Bitcoin products may depend on scripts, attestations, multisignature workflows, timelocks, upgradeable canisters, indexers, and Liquidium-operated or third-party services. Bugs, unavailable signers, service interruption, or incorrect attestations may stop new originations or delay or prevent settlement. Some assets may remain locked if the required settlement path cannot be completed. A recovery tool may reduce technical difficulty in limited circumstances but does not guarantee access or recovery.

iv Valuation and Oracle Risk

NFT floor prices and token conversion rates can be volatile, thinly traded, manipulated, or unrepresentative of a particular asset. OpenSea data, parsing, RPC services, conversion-rate sources, caching, or signed valuations may fail or be incorrect. A valuation does not guarantee that collateral can be sold at that value or at all. Liquidity Providers and Liquidity Seekers must make independent assessments and should compare displayed information with independent sources.

v Digital Asset and Counterparty Risk

BTC, Ordinals, Runes, NFTs, WETH, USDG, other fungible tokens, and any future Stock Tokens or tokenized assets are speculative, volatile, and may become illiquid or worthless. A token or NFT contract may be upgradeable, pausable, frozen, blacklisted, rebased, taxed, restricted, or controlled by an issuer or administrator. An issuer, network, or third party may block a transfer, redemption, repayment, or collateral delivery. Liquidium may have no ability to release or recover affected assets.

A Liquidity Seeker may default. A Liquidity Provider may receive collateral worth less than the principal and expected Liquidity Provider Fee or may be unable to sell or transfer it. A Liquidity Seeker may lose collateral worth more than the Repayment. Liquidium does not know or verify every counterparty and does not guarantee a User's identity, authority, solvency, or conduct.

vi Wallet Signature and Approval Risk

Anyone who obtains access to your wallet, credentials, private keys, seed phrase, passkey, session, or device may be able to control your assets or sign transactions. A malicious interface, wallet, token, or approval may transfer more than you intended. Signatures may remain usable until they expire or are effectively invalidated. Token or NFT approvals may remain active after an offer is cancelled, and cancelling an offer does not necessarily revoke an approval. Liquidium cannot recover assets lost through compromised credentials or unauthorized signatures.

vii Offer and Transaction Risk

Offchain offer display may be delayed or inconsistent with onchain state. An offer may be filled before a cancellation confirms, after a Liquidity Provider has forgotten it, or when asset balances or approvals have changed. A transaction may be front-run, reordered, or fail. Users must verify current onchain state before acting.

viii Collateral Rights and Compatibility Risk

Governance, redemption, voting, airdrop, staking, claim, or other rights may be unavailable while collateral is locked. Tokens or distributions sent to an escrow or contract may be incompatible and permanently stuck. Collection metadata, transfer rules, or contract behavior may change after origination.

ix Third Party and Operational Risk

The Site may be interrupted by hardware, software, Internet, hosting, RPC, indexing, wallet, data-provider, communication, or other failures; cyberattacks; malware; maintenance; provider changes; or events outside Liquidium's control. Liquidium does not guarantee continuous access to the Interface, API, support, notification channels, or any provider.

x Legal Regulatory and Tax Risk

The legal treatment of digital assets and P2P transactions is uncertain and may change. A regulator or court may characterize an asset, activity, or P2P Agreement in a way that imposes restrictions, registration, licensing, disclosure, tax, reporting, or other obligations. Access may be limited by law or governmental action. Liquidium does not determine your legal, regulatory, or tax obligations.

xi Public Record and Privacy Risk

Blockchain activity can reveal wallet holdings, transaction history, counterparties, loan terms, and patterns of behavior. Public records may be copied, analyzed, and linked to other information by anyone. They generally cannot be corrected or deleted by Liquidium.

xii No Insurance or Guarantee

Digital assets used through the Site are not deposits and are not insured by Liquidium. No governmental or private insurance is provided by Liquidium against loss, default, theft, contract failure, asset freezes, or loss of access. You must be able to bear the complete loss of principal, collateral, fees, and related assets.

You are solely responsible for evaluating the Site, the applicable code and contracts, each counterparty, each asset, and every transaction. Past performance does not indicate future results. Subject to rights and liabilities that cannot lawfully be waived, you accept the risks described in these Terms and all consequences of your use of the Site.

16 Personal Data and Public Blockchain Records

Liquidium processes personal information as described in the Privacy Policy. Where optional accounts or communications are available, you may provide information such as an email address, profile information, Telegram handle, notification preference, referral information, support message, or feedback. The Privacy Policy explains the purposes, legal bases where applicable, service providers, retention criteria, and rights that may apply.

Wallet addresses, asset identifiers, signatures, loan terms, transactions, contract events, and related blockchain activity may be public and permanent. Closing an offchain account or making a privacy request does not alter a blockchain record or an existing P2P Agreement. Liquidium may retain offchain information where reasonably necessary to complete transactions, secure the Site, comply with law, keep required records, resolve disputes, or enforce these Terms.

17 Indemnification

To the maximum extent permitted by law, you will defend, indemnify, and hold harmless Liquidium, its affiliates, and their respective shareholders, members, directors, officers, managers, employees, attorneys, agents, representatives, suppliers, licensors, and contractors (collectively, the "Indemnified Parties") from and against any claim, demand, action, investigation, liability, damage, loss, judgment, settlement, cost, or expense, including reasonable attorneys' fees, arising out of or relating to:

1. your breach of these Terms;
2. your unlawful, fraudulent, or willfully harmful use of the Site or participation in a transaction;
3. a P2P Agreement, digital asset, wallet, signature, approval, transaction, or content associated with you, to the extent the claim results from your act or omission;
4. your use of a wallet, account, asset, or entity without lawful authority;
5. your sanctions, location, eligibility, or circumvention violation;
6. your infringement, misappropriation, or violation of another person's rights; or
7. Feedback or other content you provide.

Liquidium or the applicable Indemnified Party may control the defense and settlement of a claim subject to indemnification, and you will reasonably cooperate. You may not settle a claim in a way that admits fault by, imposes obligations on, or fails to fully release an Indemnified Party without Liquidium's prior written consent. This Section does not require indemnification to the extent prohibited by applicable law.

18 Disclosures and Disclaimers

THE SITE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. TO THE MAXIMUM EXTENT PERMITTED BY LAW, LIQUIDIUM AND ITS SUPPLIERS, LICENSORS, AND SERVICE PROVIDERS DISCLAIM ALL EXPRESS, IMPLIED, AND STATUTORY WARRANTIES AND CONDITIONS, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, QUIET ENJOYMENT, ACCURACY, SECURITY, AVAILABILITY, AND NON-INFRINGEMENT.

LIQUIDIUM DOES NOT WARRANT THAT THE SITE WILL MEET YOUR REQUIREMENTS; BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE; PRODUCE A PARTICULAR FINANCIAL OR TECHNICAL RESULT; OR BE ACCURATE, RELIABLE, COMPLETE, LEGAL, SAFE, OR FREE OF HARMFUL CODE. LIQUIDIUM DOES NOT WARRANT THE VALUE, LIQUIDITY, AUTHENTICITY, TRANSFERABILITY, OR LEGAL STATUS OF ANY DIGITAL ASSET; THE PERFORMANCE OF A P2P COUNTERPARTY; OR THE OPERATION OF A NETWORK, CONTRACT, WALLET, OR THIRD-PARTY SERVICE.

LIQUIDIUM DOES NOT ENDORSE ANOTHER USER AND IS NOT RESPONSIBLE FOR A P2P AGREEMENT OR OTHER TRANSACTION BETWEEN USERS. IF APPLICABLE LAW REQUIRES A WARRANTY, THAT WARRANTY IS LIMITED TO THE MINIMUM SCOPE AND DURATION REQUIRED BY LAW.

Some jurisdictions do not allow the exclusion of certain warranties. These exclusions apply only to the extent permitted by law, and you may have rights that these Terms cannot exclude.

19 Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, NEITHER LIQUIDIUM NOR ITS AFFILIATES, SUPPLIERS, LICENSORS, OR SERVICE PROVIDERS WILL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE, OR CONSEQUENTIAL DAMAGES; LOST PROFITS, REVENUE, SAVINGS, BUSINESS OPPORTUNITY, DATA, DIGITAL ASSETS, OR GOODWILL; SERVICE INTERRUPTION; COMPUTER DAMAGE; SYSTEM FAILURE; OR THE COST OF SUBSTITUTE SERVICES ARISING OUT OF OR IN CONNECTION WITH THESE TERMS, THE SITE, A P2P AGREEMENT, OR THE USE OF OR INABILITY TO USE THE SITE, UNDER ANY THEORY OF LIABILITY AND WHETHER OR NOT ADVISED OF THE POSSIBILITY OF THE DAMAGE.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE AGGREGATE LIABILITY OF LIQUIDIUM AND ITS AFFILIATES, AGENTS, REPRESENTATIVES, SUPPLIERS, LICENSORS, AND SERVICE PROVIDERS ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR THE SITE WILL NOT EXCEED THE TOTAL AMOUNT OF FEES YOU PAID OR WERE REQUIRED TO PAY TO LIQUIDIUM FOR USE OF THE SITE OR USD 100 IF YOU HAD NO PAYMENT OBLIGATION TO LIQUIDIUM.

THE EXCLUSIONS AND LIMITATIONS IN THESE TERMS ARE FUNDAMENTAL ELEMENTS OF THE BASIS OF THE AGREEMENT BETWEEN YOU AND LIQUIDIUM. THEY APPLY EVEN IF A LIMITED REMEDY FAILS OF ITS ESSENTIAL PURPOSE.

Nothing in these Terms excludes or limits liability to the extent it cannot lawfully be excluded or limited, including any non-waivable liability that applies under the law governing a particular claim. Some jurisdictions do not allow certain exclusions or limitations, so some of the foregoing may not apply to you.

20 Dispute Resolution and Arbitration

Please read this Section carefully. It affects your rights and requires most disputes between you and Liquidium to be resolved through binding individual arbitration.

i Scope

Except for the exclusions below, any claim or dispute between you and Liquidium arising out of or relating to these Terms, the Site, or your relationship with Liquidium that cannot be resolved informally or in small claims court will be resolved by binding arbitration on an individual basis. This Section applies to Liquidium's affiliates, agents, employees, predecessors, successors, and assigns and to authorized or unauthorized Users or beneficiaries of the Site.

The U.S. Federal Arbitration Act governs the interpretation and enforcement of this Section to the extent applicable.

This Section does not automatically govern a claim solely between a Liquidity Seeker and Liquidity Provider under a P2P Agreement. Liquidium does not arbitrate or mediate such claims.

ii Informal Resolution

Before starting arbitration, the claimant must send a written notice describing the nature and basis of the claim and the relief requested (a "Notice of Dispute"). A Notice to Liquidium must be sent to help@liquidium.wtf with the subject line "Notice of Dispute." A Notice to you may be sent to the email address associated with your account or otherwise provided by you.

The parties will attempt in good faith to resolve the dispute informally for 60 days after the Notice of Dispute is received. Neither party may begin arbitration before that period ends, except to seek emergency or interim relief permitted below. A settlement offer may not be disclosed to the arbitrator before the arbitrator determines the award.

iii Arbitration Rules and Administrator

Arbitration will be administered by the American Arbitration Association ("AAA") under its Consumer Arbitration Rules and Mediation Procedures where those rules apply. If AAA determines that a different AAA rule set applies, the arbitration will proceed under that rule set. The applicable AAA rules, fee schedule, and any applicable supplementary rules in effect when the arbitration begins will govern except where they conflict with these Terms or applicable law. Current AAA materials are available at https://www.adr.org/rules-forms-and-fees or by calling 1-800-778-7879.

If AAA is unavailable or unwilling to administer the arbitration, the parties will select another established arbitration provider. If they cannot agree, a court of competent jurisdiction may appoint the provider or arbitrator as permitted by law.

iv Procedure and Fees

The arbitration will be conducted in English by a single neutral arbitrator. Documents-only, telephone, video, or in-person procedures will be used as provided by the applicable rules. For a U.S. consumer, any in-person hearing will occur within 100 miles of the consumer's residence unless the parties agree otherwise or the applicable rules or law require a different location. For a User outside the United States, the arbitrator will determine a reasonably accessible hearing method or location.

AAA administrative fees, arbitrator compensation, and other arbitration costs will be allocated under the applicable AAA fee schedule and applicable law. Liquidium will pay amounts the rules or law require a business to pay. Each party will bear its own attorneys' fees and costs unless a statute, the applicable rules, or the arbitrator's award provides otherwise.

If the arbitrator awards you more than Liquidium's last written settlement offer made before arbitration began, Liquidium will pay the greater of the award or USD 2,500, unless applicable law prohibits or requires a different payment.

v Arbitrator Authority and Award

The arbitrator will decide the rights and liabilities of you and Liquidium and may grant any individual monetary or non-monetary relief available under applicable law, the applicable rules, and these Terms. The arbitrator will issue a written award stating the essential findings and conclusions. Judgment on the award may be entered in any court with jurisdiction. The award is final and binding, subject to any review permitted by applicable arbitration law.

vi Jury and Class Action Waivers

TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU AND LIQUIDIUM WAIVE THE RIGHT TO A JURY TRIAL. ALL CLAIMS WITHIN THE SCOPE OF THIS ARBITRATION AGREEMENT MUST BE BROUGHT ON AN INDIVIDUAL BASIS AND NOT AS A PLAINTIFF OR CLASS MEMBER IN A CLASS, REPRESENTATIVE, COLLECTIVE, OR CONSOLIDATED ACTION. THE ARBITRATOR MAY AWARD RELIEF ONLY TO THE INDIVIDUAL PARTY SEEKING RELIEF AND ONLY TO THE EXTENT NECESSARY TO RESOLVE THAT PARTY'S CLAIM.

vii Exceptions

Either party may bring an individual action in small claims court if the claim qualifies. Either party may seek emergency equitable relief from a court to preserve the status quo pending arbitration. Claims for defamation, violation of the Computer Fraud and Abuse Act, or infringement or misappropriation of patent, copyright, trademark, or trade-secret rights are not subject to this arbitration agreement. Liquidium may seek injunctive or equitable relief in any court with jurisdiction to prevent infringement or misappropriation of its intellectual-property rights.

viii Confidentiality

The parties will keep non-public arbitration materials and the award confidential except as reasonably necessary to conduct the arbitration, enforce or challenge an award, comply with law or a binding request, obtain professional advice, report to a regulator, or protect a legal right. Nothing in this paragraph prevents a disclosure that applicable law protects.

ix Severability and Survival

If a court or arbitrator determines that a part of this Section is invalid or unenforceable, that part will be severed to the minimum extent necessary and the remainder will continue in effect, unless severance would permit class, representative, collective, or consolidated arbitration. In that circumstance, the affected claim must proceed in a court of competent jurisdiction. This Section survives termination of these Terms and your relationship with Liquidium.

Where this Section permits litigation in court, the parties consent to the personal jurisdiction of the state and federal courts located in Wilmington, Delaware, subject to any mandatory law that requires another forum.

21 Governing Law

These Terms and disputes between you and Liquidium relating to these Terms or the Site are governed by the laws of the State of Delaware, without regard to conflict-of-law rules that would require the application of another jurisdiction's law. This choice does not deprive you of a protection that cannot lawfully be waived under the law otherwise applicable to you.

For a proceeding between you and Liquidium that is not subject to arbitration, the state and federal courts located in Wilmington, Delaware will have exclusive jurisdiction, subject to mandatory law that requires another forum. You waive objections to personal jurisdiction and venue in those courts to the extent permitted by law. Liquidium may enforce or protect its intellectual-property rights in any court with jurisdiction.

This Section does not select the governing law or forum for a claim solely between a Liquidity Seeker and Liquidity Provider under a P2P Agreement.

22 General Information

i Changes to These Terms

Liquidium may revise these Terms. We will provide notice of a material change by prominently posting it on the Website, providing a conspicuous notice in the Interface, and, where we have a current email address for you, sending notice by email. Telegram and social-media posts may supplement but do not replace those formal notice methods.

Unless a different period is required by law, a change becomes effective one day after the earlier of our website or in-app posting or our dispatch of an applicable email notice. A change is effective immediately for a new User. A change required by law or reasonably necessary for urgent security, sanctions, fraud-prevention, or protocol-protection reasons may take effect immediately.

After a change becomes effective, creating, signing, or filling a new offer constitutes acceptance of the updated Terms. Repaying, cancelling, claiming after default, or taking another action reasonably necessary to settle an existing position does not by itself constitute acceptance of updated Terms. If you do not accept an update, you must stop using the Site for new activity. A change does not alter an existing P2P Agreement, signed economic term, or onchain result.

You are responsible for reviewing the current version before beginning new activity. Superseded versions will be archived with their effective dates and version numbers.

ii Electronic Communications

You consent to receive agreements, documents, receipts, notices, and disclosures electronically. Liquidium may provide them through the Website, the Interface, or an email address you provide. You should retain copies for your records.

iii Force Majeure

Liquidium is not responsible for a failure or delay caused by circumstances beyond its reasonable control, including natural disasters, war, civil disturbance, labor disputes, governmental action, communications or power failure, network failure, cyberattack, or equipment or software malfunction. This paragraph does not limit obligations that cannot lawfully be excluded.

iv Assignment

You may not assign or transfer these Terms or your rights or obligations under them without Liquidium's prior written consent. Liquidium may assign or transfer these Terms, in whole or in part, as part of a merger, acquisition, reorganization, sale of assets, corporate restructuring, or transfer of the Site, or as otherwise permitted by law. An assignment does not change an existing P2P Agreement or onchain state.

v Severability Waiver and Remedies

If a provision of these Terms is invalid or unenforceable, it will be enforced to the maximum extent permitted and the remaining provisions will remain in effect. A delay or failure to exercise a right is not a waiver. A waiver must be in writing and signed by an authorized Liquidium representative and applies only to the circumstances for which it is given. Rights and remedies are cumulative unless these Terms expressly state otherwise.

vi Entire Agreement and Order of Control

These Terms and the policies incorporated into them are the entire agreement between you and Liquidium concerning the Site and supersede prior understandings on that subject. If another agreement with Liquidium expressly states that it overrides these Terms, that agreement controls to the extent of the conflict.

For a P2P Agreement, the signed offer and resulting blockchain record control its economic terms and protocol execution. These Terms control your relationship with Liquidium and your use of the Site. No interface display or later policy update changes an existing P2P Agreement.

vii No Third Party Beneficiaries

Except for the Indemnified Parties, these Terms do not create third-party beneficiary rights. A P2P Agreement may create rights between its counterparties, but Liquidium is not a beneficiary or counterparty merely because the Interface was used.

viii Language and Headings

The English version of these Terms controls. Headings are for convenience and do not limit the meaning of a provision.

ix Contact

For questions, complaints, legal notices, or Feedback concerning the Site, contact Liquidium through Intercom in the Interface or by email at help@liquidium.wtf.

Copyright © 2026 Liquidium Inc. All rights reserved.