1. Introduction
These Terms of Use ("Terms") govern your access to and use of the website at cabals.com and any associated web or mobile applications, together with all related features and tools (collectively, the "Services") operated by Circletech Labs Corp, doing business as Cabals ("Cabals", "we", "us", or "our").
Please read these Terms carefully. They include important provisions that affect your legal rights, including a binding arbitration clause and a class action waiver in Section 14, and a limitation of our liability in Section 11. If you do not agree to these Terms, do not access or use the Services.
By accessing or using the Services, you confirm that you have read, understood, and agree to be bound by these Terms and our Privacy Policy, which is incorporated into these Terms by reference.
2. Risk Disclosures
Trading virtual assets involves substantial risk and may not be suitable for all users. Prices are highly volatile, markets are largely unregulated, and you can lose some or all of the funds you commit to a trade. You should not trade with funds you cannot afford to lose.
You acknowledge and agree that:
- The Services are an interface to the Hyperliquid network. We do not operate, control, or have the ability to reverse, modify, or cancel any transactions on Hyperliquid.
- All trades you submit through the Services are settled on Hyperliquid and are governed by Hyperliquid's own protocol rules. We are not a broker, exchange, dealer, money services business, or investment adviser.
- We do not custody your funds or your private keys. You are solely responsible for the security of your wallet and any backup or recovery methods provided by your wallet or authentication provider.
- Blockchain transactions are irreversible. Sending funds to an incorrect address, an unsupported network, or an unintended destination will result in permanent loss, and we have no ability to recover those funds.
- We do not provide investment, legal, or tax advice. You are solely responsible for evaluating the suitability of any transaction for your circumstances and for the tax consequences of your activity.
- Past performance, including content displayed on leaderboards or in social features, is not indicative of future results.
3. Eligibility
You may only access or use the Services if you are an Eligible Person. You are an Eligible Person if all of the following are true:
- You are at least 18 years old or the age of majority in your jurisdiction, whichever is older, and have full legal capacity to enter into these Terms.
- You are not a person, or acting on behalf of a person, subject to any sanctions administered by the United States, the United Nations, the European Union, the United Kingdom, or any other applicable authority, and you are not on any list of designated, denied, or prohibited persons maintained by such authorities.
- You are not located in, ordinarily resident in, or accessing the Services from a Restricted Trading Jurisdiction for the purpose of using restricted features.
A Restricted Trading Jurisdiction is a jurisdiction in which we do not make perpetual futures trading or outcome markets available. As of the date of these Terms, the Restricted Trading Jurisdictions are:
- United States
- Ontario, Canada
- United Kingdom
- Russia
- Cuba
- Iran
- North Korea
- Syria
- The Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine
- Any other jurisdiction subject to comprehensive economic sanctions by the United States, the United Nations, the European Union, the United Kingdom, or any other applicable authority
Users in a Restricted Trading Jurisdiction may still access spot trading and the social features of the Services. We may update the Restricted Trading Jurisdictions list at any time, including in response to changes in applicable law.
You agree not to use a VPN, proxy, Tor, or any other tool or technique to circumvent our geographic restrictions or to misrepresent your location.
4. The Services
The Services provide a user interface, social tools, and analytics for trading on the Hyperliquid network. When you place an order through the Services, the order is submitted directly to Hyperliquid for matching, execution, and settlement. We do not match or execute trades ourselves.
Social features of the Services include user profiles, group memberships ("cabals"), chat, follows, leaderboards, and similar functionality. Content you post in social features may be visible to other users of the Services. See our Privacy Policy for more detail on what is visible and to whom.
5. Your Account and Wallet
To use most features of the Services you will need to connect a cryptocurrency wallet. Connection is performed through a third-party authentication provider. We do not custody your private keys, and we have no ability to access, transfer, recover, or freeze your wallet or its assets.
You are responsible for:
- Maintaining the security of your wallet, private keys, and any recovery method provided by your wallet or authentication provider.
- All activity that occurs through your connected wallet, whether or not authorized by you.
- Verifying transaction details, including destinations and amounts, before you sign or submit any transaction.
The Services may require you to grant on-chain approvals (for example, a builder fee approval on Hyperliquid) before certain features will work. You are responsible for reviewing and consenting to any such approval.
Linked accounts. You may choose to link third-party accounts (such as X) to your Cabals account through our authentication provider. By linking an account, you authorize us to receive and display information from that account in connection with your Cabals profile. We are not responsible for the third-party services themselves; your use of them is governed by their own terms and policies.
6. Fees
Cabals fees. We may apply a builder fee on certain trades you place through the Services. The current fee rate is disclosed in the builder fee approval prompt that you sign before trading and in any separate fee documentation we make available. Fees, if any, are paid to a builder address we control.
Hyperliquid and network fees. Hyperliquid charges its own protocol fees on trades, and on-chain actions may incur gas or network fees. These fees are not paid to us. The current Hyperliquid fee schedule is available in the Hyperliquid documentation.
Changes. We may change the fees we charge at any time. Material changes will be reflected in the in-product disclosures and announced through the Services or other reasonable means before they take effect.
Taxes. You are solely responsible for determining what taxes apply to your activity through the Services and for reporting and paying those taxes. We are not your tax adviser.
7. Prohibited Conduct
You agree not to:
- Use the Services if you are not an Eligible Person.
- Violate any applicable law or regulation in connection with your use of the Services, including any anti-money laundering, counter-terrorism financing, sanctions, or securities law.
- Engage in market abuse, including wash trading, spoofing, layering, front-running, or any other manipulative trading practice.
- Use any bot, scraper, crawler, or automated tool to access the Services other than as we expressly permit, or take any action that imposes a disproportionate load on our infrastructure.
- Reverse engineer, decompile, or attempt to extract the source code of the Services.
- Probe, scan, or test the security or vulnerability of the Services or any system connected to them.
- Upload or transmit any virus, malware, or other harmful code.
- Provide false, inaccurate, incomplete, or misleading information.
- Impersonate another person, misrepresent your affiliation with another person, or use the Services to harass, threaten, defame, or defraud any other user.
- Post or transmit content through the social features that is illegal, infringes intellectual property rights, contains personal information of others without consent, or is otherwise prohibited by these Terms.
- Use a VPN, proxy, Tor, or any similar tool to circumvent our geographic restrictions.
We may suspend, restrict, or terminate your access to the Services at any time and at our sole discretion if we believe you have violated these Terms or if your activity creates risk for us or for other users.
8. User Content
"User Content" means any content you post, upload, or transmit through the Services, including chat messages, profile information, profile images, cabal names and descriptions, and other social content.
You retain ownership of your User Content. By submitting User Content, you grant us a worldwide, non-exclusive, royalty-free, sublicensable, transferable license to host, store, reproduce, display, modify (including for formatting), distribute, and otherwise use the User Content in connection with operating, providing, and promoting the Services.
You represent and warrant that you have all rights necessary to grant the license above and that your User Content does not violate any law or any third party's rights.
We may, but are not obligated to, review, moderate, remove, or refuse any User Content for any reason. We may also remove users from cabals, suspend accounts, or restrict access to social features without prior notice. We have no obligation to restore removed User Content or to retain backups of it.
We may also reclaim, change, or reassign usernames, profile names, cabal names, and other user-selected identifiers at any time, with or without notice, including where the identifier infringes a third party's rights, impersonates another person, is reserved for our use, or violates these Terms or our policies. We have no obligation to compensate you for any reclaimed identifier.
9. Intellectual Property
The Services, including all software, designs, text, graphics, logos, and trademarks (the "Cabals IP"), are owned by Cabals or our licensors and are protected by intellectual property laws.
We grant you a limited, revocable, non-exclusive, non-transferable, non-sublicensable license to access and use the Services for your own personal use, subject to these Terms. You receive no other rights in the Cabals IP. Any feedback or suggestions you provide about the Services may be used by us without obligation or compensation to you.
10. Disclaimers
THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, ACCURACY, OR UNINTERRUPTED OR ERROR-FREE OPERATION.
Without limiting the foregoing, we do not warrant that the Services will meet your requirements, will be available when you want to use them, will be free of bugs or vulnerabilities, will accurately reflect the state of the Hyperliquid network at any moment, or that any information displayed through the Services is current, complete, or correct.
11. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL CABALS OR OUR OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR AFFILIATES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING DAMAGES FOR LOST PROFITS, LOST DATA, TRADING LOSSES, OR LOSS OF GOODWILL, ARISING OUT OF OR RELATED TO YOUR USE OF OR INABILITY TO USE THE SERVICES, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
OUR AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THESE TERMS OR THE SERVICES WILL NOT EXCEED ONE HUNDRED UNITED STATES DOLLARS (US$100) (the "Liability Cap"), REGARDLESS OF THE THEORY OF LIABILITY.
These limitations do not apply to liability that cannot be limited under applicable law, such as liability for fraud or willful misconduct.
12. Indemnification
You agree to indemnify, defend, and hold harmless Cabals and our officers, directors, employees, agents, and affiliates from and against any claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of or related to: (a) your access to or use of the Services; (b) your User Content; (c) your violation of these Terms; or (d) your violation of any law or any third party's rights.
13. Governing Law and Arbitration
The laws of the State of Delaware, United States, without regard to its conflict of laws principles, govern these Terms and any dispute arising out of or related to them or to the Services (each, a "Dispute").
Informal resolution. Before initiating any arbitration, you and Cabals agree to attempt to resolve any Dispute informally for at least 30 days. Notice of a Dispute may be sent to support@cabals.com.
Binding arbitration. If the Dispute is not resolved informally, you and Cabals agree that the Dispute will be resolved by binding individual arbitration administered by the American Arbitration Association (AAA) under its Consumer Arbitration Rules, seated in Delaware, United States, conducted in English, and decided by a single arbitrator. The arbitrator's award is final and binding, and judgment on it may be entered in any court of competent jurisdiction.
Time to file. Any Dispute must be initiated within one (1) year of the date the Dispute first arose, after which it is permanently barred.
Exception for emergency relief. Either party may seek injunctive or other equitable relief in court for an alleged infringement of intellectual property rights or for a violation of confidentiality obligations.
14. Class Action Waiver
YOU AND CABALS AGREE THAT EACH OF US MAY BRING CLAIMS AGAINST THE OTHER ONLY ON AN INDIVIDUAL BASIS AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE, CONSOLIDATED, OR REPRESENTATIVE PROCEEDING. The arbitrator may not consolidate the claims of more than one person and may not preside over any form of class proceeding.
15. Termination
You may stop using the Services at any time. We may suspend, restrict, or terminate your access to all or part of the Services at any time and at our sole discretion, with or without notice, including for any violation of these Terms or any conduct that creates risk for us or for other users.
Upon termination of your access, your right to use the Services immediately ends. Sections that by their nature should survive termination, including Sections 8 (User Content), 9 (Intellectual Property), 10 (Disclaimers), 11 (Limitation of Liability), 12 (Indemnification), 13 (Governing Law and Arbitration), 14 (Class Action Waiver), and this Section 15, will survive.
16. Changes to These Terms
We may update these Terms from time to time. When we make material updates, we will revise the "Last updated" date at the top of this page and, where appropriate, provide additional notice through the Services. Your continued use of the Services after any update constitutes acceptance of the revised Terms.
17. Miscellaneous
Entire agreement. These Terms, together with the Privacy Policy and any other agreements referenced here, are the entire agreement between you and Cabals regarding the Services and supersede any earlier agreement on the same subject.
Severability. If any provision of these Terms is held to be unenforceable, that provision will be enforced to the maximum extent permissible and the remaining provisions will remain in full force and effect.
No waiver. Our failure to enforce any provision of these Terms is not a waiver of that provision.
Assignment. You may not assign or transfer these Terms or any rights or obligations under them without our prior written consent. We may assign these Terms freely, including in connection with a merger, acquisition, financing, or sale of all or a portion of our business or assets.
Force majeure. We are not liable for any failure or delay in performance to the extent caused by events beyond our reasonable control, including acts of God, war, terrorism, labor disputes, power or network failures, government actions, or third-party service outages.
No agency. Nothing in these Terms creates a partnership, joint venture, employment, or agency relationship between you and Cabals.
18. Contact Us
If you have questions about these Terms, please email us at support@cabals.com.