Terms of Use

1. Acceptance

These terms govern your use of the website at levr.money, including its Vaults, 0DTE and Get started pages (the "Site"), operated by LEVR ("we", "us"). By using the Site you agree to these terms. If you do not agree, do not use the Site.

LEVR is an independent project building on Derive. It is not operated, sponsored or endorsed by Derive.

2. Nature of the Site and the Derive lane

• The Site is an interface to Derive, a third-party options venue. Every price, position, order, fill, balance and vault figure shown on the Site is as reported by Derive (labelled with the venue's name and, on the testnet build, 'testnet'); the Site computes no return, yield, performance or profit figure of its own. Derive's figures may be delayed or unavailable. Results on the Derive testnet are test results with test funds and are never yield.
• Your funds stay on Derive. The Site never takes custody of assets and holds no key that can act on your account. Orders you place are signed by a trading key generated and stored encrypted in your own browser; your wallet signs only a plain-text sign-in message, Derive's login message and the registration of that browser key. On the testnet build your wallet may also approve an exact amount of test USDC and deposit it to Derive testnet.
• The 0DTE screen routes long-only limit orders for Derive's same-day ETH options. Orders are sent to Derive through our server, which forwards them unchanged apart from adding our referral code, and refuses order-writing calls from regions Derive does not serve. Whether an order fills, and at what price, is decided by Derive.
• A LEVR vault is a Derive vault whose strategy LEVR runs as curator. Deposits and withdrawals are requests you sign and Derive processes under Derive's terms; LEVR cannot withdraw your funds. Vault figures are Derive's.
• Features, products, expiries and design described on the Site as targets or intentions are under development and may change or never launch. No launch date is promised.

3. No offer, solicitation or advice

Nothing on the Site constitutes investment, legal, tax or financial advice, or an offer or solicitation to enter into any transaction. Options are complex instruments that can result in the loss of the entire premium paid or, for written options, losses exceeding the premium received. Educational content on the Site describes how standardised options work in general and is not a recommendation.

Payoff-at-expiry charts illustrate the mechanical outcome of a hypothetical position at expiry for a range of underlying prices. They are not forecasts of future prices.

4. Early-access list

Joining the early-access list registers your interest and lets us contact you about testing phases. It does not create an account, allocation, entitlement or contractual right of any kind. Early-access points and leaderboard position are used solely to order invitations to testing phases; they are not a token, security, currency or asset, have no monetary value, cannot be transferred or redeemed, and may be adjusted, reset or discontinued at any time. Referral or sharing activity that we judge to be automated, fraudulent or abusive may be discounted. We may limit, prioritise or decline participation at our discretion. Handling of the information you submit is described in the Privacy Notice.

5. Eligibility and acceptable use

• You must be at least 18 years old and legally able to enter into these terms.
• You are responsible for complying with the laws that apply to you. Do not use the Site where doing so is prohibited.
• Do not attempt to interfere with the Site, probe or circumvent its security, scrape it at volume, submit false information to the early-access form, or use automated means to submit the form.
• Do not use the Site's name, marks or content in a way that suggests affiliation with or endorsement by Derive or any other third party.

6. Intellectual property

The Site, its design, text and software are owned by LEVR or its licensors and are protected by applicable intellectual-property laws. Third-party names, logos and data (including asset names and logos shown for reference) belong to their respective owners and are used for identification only. You may view and use the Site for personal, non-commercial evaluation of the product.

7. Third-party services

The Site relies on third-party infrastructure and services, including hosting providers, wallet software you choose to connect, and Derive's API, contracts and venue. We do not control these services and are not responsible for their availability, accuracy or terms. Your use of Derive is governed by Derive's terms; your use of a wallet is governed by that wallet provider's terms.

8. Disclaimers

The Site is provided "as is" and "as available" without warranties of any kind, express or implied, including warranties of accuracy, merchantability, fitness for a particular purpose and non-infringement. We do not warrant that the Site will be uninterrupted, error-free or that displayed data will be current or correct.

9. Limitation of liability

To the fullest extent permitted by law, LEVR and its contributors will not be liable for any indirect, incidental, special, consequential or punitive damages, or any loss of profits, data or goodwill, arising from or related to your use of the Site, even if advised of the possibility. The Site does not hold assets; orders and vault requests are executed by Derive under Derive's terms, and any trading decision you make through the Site is your own.

10. Changes, termination

We may modify, suspend or discontinue the Site or any part of it at any time. We may update these terms; the effective date above will change when we do. Continued use after a change constitutes acceptance.

11. Governing law

[Placeholder for counsel: governing law, jurisdiction and dispute-resolution mechanism to be inserted before this page leaves draft status.]

12. Contact

Questions about these terms: contact@levr.money.