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Shekel Terms of Service

Effective Date: June 1, 2026 Last Updated: June 1, 2026 Version: 3.0

These Terms of Service ("Terms") are a binding legal agreement between you ("you," "your," or "User") and Shekel Labs LLC, a Wyoming limited liability company ("Shekel," "we," "us," or "our"), governing your access to and use of the website at shekel.xyz, the Shekel applications (web, desktop, and mobile), and all related software, tools, and services (collectively, the "Service").

PLEASE READ THESE TERMS CAREFULLY. They contain important provisions, including a description of the substantial risks of using the Service, a disclaimer of warranties, a limitation of our liability, and a binding individual arbitration agreement with a class-action waiver (Section 18). By clicking "I Agree," creating an Agent, connecting a wallet, or otherwise accessing or using the Service, you acknowledge that you have read, understood, and agree to be bound by these Terms, the Privacy Policy, and the Risk Disclaimer, each of which is incorporated by reference. If you do not agree, do not access or use the Service.

1. Definitions

  • "Agent" means an autonomous software process configured by you that uses a large language model ("LLM") and other tools to evaluate market data and place orders according to parameters you select.
  • "Credits" means the prepaid usage units described in Section 8 that are consumed when you use compute-based features of the Service.
  • "Hyperliquid" means the third-party decentralized exchange and associated protocol on which Agents may transact. Hyperliquid is not operated, controlled, or owned by Shekel.
  • "Live Mode" means operation of an Agent using real funds in your connected wallet to place real orders on Hyperliquid.
  • "Paper Mode" means simulated operation of an Agent using no real funds and placing no real orders.
  • "Wallet" means a self-custodial digital asset wallet that you own and control, and whose private keys and credentials you alone hold.

2. Eligibility

To access or use the Service, you represent and warrant that:

  1. You are at least 18 years old (or the age of majority in your jurisdiction, whichever is greater) and have the legal capacity to enter into these Terms.
  2. You are not located in, a resident of, organized under the laws of, or accessing the Service from any jurisdiction in which use of the Service or the underlying trading activity is prohibited, restricted, or unauthorized.
  3. You are not a person with whom dealing is prohibited under any sanctions program, including those administered by the U.S. Office of Foreign Assets Control ("OFAC"), the United Nations, the European Union, or the United Kingdom; you are not located in any comprehensively sanctioned jurisdiction; and you do not appear on any restricted-party or denied-persons list.
  4. Your use of the Service complies with all laws, rules, and regulations applicable to you, and you are solely responsible for determining whether your use is lawful in your jurisdiction.
  5. You are not accessing the Service from, and are not a resident of, any jurisdiction restricted by Hyperliquid's own terms of use, which may include the United States and certain other jurisdictions. You are responsible for reviewing and complying with Hyperliquid's terms, which govern your relationship with Hyperliquid directly.

We may, but are not obligated to, restrict or block access from certain jurisdictions and may require identity, location, or sanctions verification at any time. We reserve the right to refuse, suspend, or terminate access to anyone, at any time, for any reason.

3. Nature of the Service — Software, Not a Financial Intermediary

The Service is non-custodial software. The following are fundamental to these Terms:

  1. We never take custody of your funds or assets. You retain sole and exclusive control of your Wallet, your private keys, and your assets at all times. We never hold, receive, control, or have access to your funds or keys, and we cannot move, freeze, recover, or reverse any transaction.
  2. We are not a broker, dealer, exchange, money services business, money transmitter, bank, custodian, fiduciary, or investment adviser. We do not execute trades on your behalf, route orders through our own accounts, match orders, hold customer assets, or manage money for you. The Service is a software tool that you operate.
  3. Trades occur directly between your Wallet and Hyperliquid, a third party. All order execution, settlement, margining, liquidation, funding, custody of collateral, and market operation are functions of Hyperliquid and the underlying blockchain — not of Shekel. We have no control over and are not responsible for Hyperliquid, its availability, its pricing, its solvency, or its conduct.
  4. You transact at your own initiative and on your own behalf. Any order placed by an Agent is placed pursuant to configuration and authorization you provided, using your own Wallet and your own funds.

4. Wallet and Authorizations

You are solely responsible for securing your Wallet, private keys, seed phrases, passwords, and any device or credential used to access the Service. We are not responsible for any loss arising from unauthorized access to your Wallet, lost keys, phishing, malware, or your failure to secure your credentials. You authorize the Service to transmit instructions to Hyperliquid as directed by your Agent configuration. You may revoke authorizations and disconnect your Wallet at any time through the controls provided.

5. AI Trading Agents — Autonomous Operation Acknowledgment

This Section is essential. By creating, funding, or enabling an Agent, you acknowledge and agree that:

  1. Agents operate autonomously and on a schedule. You do not review or approve individual trades. Once you enable an Agent, it may evaluate markets and place, modify, or cancel orders without further action, confirmation, or approval from you on a per-trade basis.
  2. You authorize each enabled Agent to place trades on your behalf within the strategy, risk, position-size, leverage, frequency, and other parameters you configure. You are solely responsible for that configuration and for monitoring, adjusting, pausing, or disabling your Agents.
  3. You are solely responsible for funding, configuration, supervision, and all outcomes, including all profits, losses, fees, funding payments, liquidations, slippage, and tax consequences.
  4. LLM-based Agents are probabilistic and imperfect. They can and will make losing trades, act on incomplete or erroneous information, misinterpret data, "hallucinate," behave unexpectedly, or fail to act. We do not guarantee that any Agent will be profitable, will perform as you intend, will follow your configured parameters in every case, or will operate without error, delay, or interruption.
  5. Paper Mode is a simulation only. Paper Mode results do not reflect real execution, real liquidity, real slippage, real fees, or real funding, and are not indicative of Live Mode results. Live Mode uses real funds and carries real and substantial risk of loss.
  6. Technical failures may occur. Network outages, blockchain congestion, oracle failures, downtime of Hyperliquid or our infrastructure or third-party providers, API errors, and other conditions may cause an Agent to act, fail to act, or act incorrectly, and may prevent you from disabling an Agent in time. You accept these risks.

6. Information and Tools Are Not Advice

The Service may provide market data, charts, analytics, backtesting tools, and an AI chat feature that can generate data-grounded commentary. All such content is provided for informational and educational purposes only. It is general in nature, is not tailored to your circumstances, and does not constitute financial, investment, trading, legal, tax, accounting, or any other professional advice, nor a recommendation, solicitation, or offer to buy, sell, or hold any asset or to enter any transaction. Backtested and simulated results are hypothetical, have inherent limitations, and do not predict or guarantee future results. You are solely responsible for your own decisions and should consult your own qualified professional advisers. Reliance on any content from the Service is at your own risk.

7. Acceptable Use

You agree not to, and not to permit any other person or Agent to:

  1. Use the Service in violation of any applicable law, regulation, or sanctions program, or for any unlawful, fraudulent, manipulative, or deceptive purpose, including market manipulation, wash trading, spoofing, or money laundering;
  2. Use the Service to facilitate trading for any person in a prohibited or restricted jurisdiction or by any restricted party;
  3. Circumvent, disable, or interfere with security, geofencing, rate-limiting, or access controls, or misrepresent your identity, location, or eligibility;
  4. Reverse engineer, decompile, scrape, copy, or create derivative works from the Service except as permitted by law; introduce malware; or impose unreasonable load on, attack, or disrupt the Service or its infrastructure;
  5. Resell, sublicense, or commercially exploit the Service without our written permission; or
  6. Use the Service to develop a competing product or to abuse Credits, promotions, or verification bonuses.

We may investigate and respond to suspected violations, including by suspending or terminating access.

8. Credits

  1. Credits are a usage utility. Credits are prepaid units that are consumed when you use compute-based features, such as LLM calls, Agent runs, and backtests. Credits exist solely to access functionality of the Service.
  2. Credits are not money, a security, a deposit, an investment, a yield-bearing instrument, a claim on profits, or a financial product of any kind. Credits have no cash value, are not redeemable for cash, confer no ownership, equity, dividend, interest, or profit rights, and represent no claim against Shekel or any third party. Purchasing Credits is not an investment and carries no expectation of profit.
  3. Purchase and pricing. You may obtain Credits by payment (for example, in USDC or by card via a third-party payment processor) or, where offered, through optional token-staking promotions. Pricing, exchange rates, consumption rates, and the features Credits unlock may change at any time in our discretion. We are not responsible for third-party payment processors or their fees.
  4. Optional token staking. Where we offer Credits in connection with optional staking of a token, such Credits are granted solely as a usage utility on the terms above. Staking and any associated token are subject to separate terms and to significant risk; nothing about such a feature constitutes an offer of a security or an investment, or a promise of return, credits, profit, or appreciation.
  5. Non-refundable. Except where a refund is required by applicable law, all purchases of Credits are final and non-refundable, including upon termination, suspension, expiration, or discontinuation of the Service or any feature. Credits may expire as disclosed at purchase. We are not liable for Credits lost due to your violation of these Terms.

9. Fees and Taxes

You are responsible for all fees associated with your activity, including Hyperliquid trading fees, funding payments, blockchain gas or network fees, and third-party payment-processor fees. You are solely responsible for determining, reporting, and paying any and all taxes that apply to your use of the Service and your trading activity. We do not provide tax advice and do not withhold or remit taxes on your behalf.

10. Intellectual Property

As between you and us, we and our licensors own all right, title, and interest in the Service, including all software, content, trademarks, and the Shekel name and logo. Subject to these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to use the Service for its intended purpose. You retain ownership of the configuration inputs and content you provide; you grant us a worldwide, royalty-free license to use, host, process, and display such content as necessary to operate, secure, and improve the Service. We may use aggregated and de-identified data for any lawful purpose.

11. Third-Party Services

The Service interacts with and relies on third-party services, including Hyperliquid, blockchain networks, wallet providers, payment processors, data providers, and infrastructure and LLM providers. These third parties are not controlled by us and are governed by their own terms and policies. We are not responsible or liable for any third-party service, including its availability, accuracy, security, conduct, fees, solvency, or any loss arising from it. Your use of any third-party service is at your own risk and subject to that third party's terms.

12. Disclaimers — "AS IS" and No Warranty

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE," WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS, IMPLIED, OR STATUTORY, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT, AND ANY WARRANTY ARISING FROM COURSE OF DEALING OR USAGE OF TRADE. WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, ERROR-FREE, ACCURATE, OR PROFITABLE; THAT ANY AGENT WILL PERFORM AS INTENDED OR BE PROFITABLE; OR THAT DEFECTS WILL BE CORRECTED. NO ADVICE OR INFORMATION OBTAINED FROM THE SERVICE CREATES ANY WARRANTY NOT EXPRESSLY STATED HERE. SOME JURISDICTIONS DO NOT ALLOW CERTAIN DISCLAIMERS, SO SOME OF THE ABOVE MAY NOT APPLY TO YOU.

13. Assumption of Risk

You acknowledge that you have read and understood the Risk Disclaimer and that you knowingly and voluntarily assume all risks of using the Service, including: the substantial risk of total loss from trading crypto perpetual futures; the amplification of losses through leverage, including liquidation; the fact that AI Agents can and will make losing trades; the fact that past and backtested performance does not predict future results; volatility, illiquidity, and slippage; smart-contract, protocol, oracle, and blockchain risk; the risk of failure, insolvency, or misconduct of Hyperliquid or any third party; technical, network, and security risks; and regulatory and tax risk. You trade at your own risk, with your own funds, on a third-party exchange, and should risk only what you can afford to lose.

14. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY LAW:

  1. NEITHER SHEKEL NOR ITS AFFILIATES, MEMBERS, MANAGERS, OFFICERS, EMPLOYEES, CONTRACTORS, OR LICENSORS WILL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, FUNDS, DIGITAL ASSETS, GOODWILL, OR TRADING LOSSES, WHETHER OR NOT FORESEEABLE AND REGARDLESS OF THE THEORY OF LIABILITY, ARISING OUT OF OR RELATING TO THE SERVICE, ANY AGENT, ANY TRADE, OR THESE TERMS.
  2. WE ARE NOT LIABLE FOR ANY TRADING LOSSES OR FOR ANY ACT OR OMISSION OF AN AGENT, HYPERLIQUID, A BLOCKCHAIN, OR ANY THIRD PARTY.
  3. OUR TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THE SERVICE OR THESE TERMS WILL NOT EXCEED THE GREATER OF (A) THE TOTAL AMOUNT YOU PAID US FOR CREDITS IN THE THREE (3) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR (B) ONE HUNDRED U.S. DOLLARS (US$100).

These limitations apply even if a remedy fails of its essential purpose. Some jurisdictions do not allow certain limitations, so some of the above may not apply to you.

15. Indemnification

You agree to defend, indemnify, and hold harmless Shekel and its affiliates, members, managers, officers, employees, contractors, and licensors from and against any claims, demands, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to: (a) your use of the Service; (b) your Agents and any trade or transaction; (c) your violation of these Terms or any law or third-party right; (d) your taxes; or (e) your content or configuration. We may assume the exclusive defense of any matter subject to indemnification, in which case you will cooperate with us.

16. Suspension and Termination

We may suspend, restrict, or terminate your access to all or part of the Service at any time, with or without notice, including for suspected violation of these Terms, legal or regulatory reasons, security concerns, or discontinuation of the Service. You may stop using the Service and disconnect your Wallet at any time. Upon termination, the license in Section 10 ends, and Sections that by their nature should survive (including Sections 6, 8–9, and 12–20) will survive. Termination does not entitle you to any refund of Credits.

17. Changes to the Terms and the Service

We may modify these Terms at any time. If we make material changes, we will update the "Last Updated" date and provide reasonable notice (for example, in-app notice or on the website). Changes are effective when posted unless otherwise stated. Your continued use of the Service after changes become effective constitutes your acceptance. If you do not agree, you must stop using the Service. We may also add, change, suspend, or discontinue any part of the Service at any time.

18. Dispute Resolution — Arbitration and Class-Action Waiver

PLEASE READ THIS SECTION CAREFULLY. IT AFFECTS YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO SUE IN COURT AND TO HAVE A JURY TRIAL.

  1. Informal resolution. Before initiating any formal proceeding, you agree to first contact us at legal@shekel.xyz and attempt in good faith to resolve the dispute informally for at least thirty (30) days.
  2. Binding arbitration. Except as set out below, any dispute, claim, or controversy arising out of or relating to the Service or these Terms will be resolved by final and binding individual arbitration administered by JAMS under its applicable rules. The seat and location of arbitration will be Wyoming (or another location to which the parties agree, or arbitration conducted remotely). The arbitrator decides all issues, except that a court may decide the enforceability of the class-action waiver. Judgment on the award may be entered in any court of competent jurisdiction.
  3. Class-action waiver. You and Shekel agree that each may bring claims against the other only in an individual capacity, and not as a plaintiff or class member in any purported class, collective, consolidated, or representative proceeding. The arbitrator may not consolidate claims or preside over any class or representative proceeding.
  4. Exceptions. Either party may bring an individual claim in small-claims court, and either party may seek injunctive or equitable relief in court to protect intellectual property or confidential information.
  5. Opt-out. You may opt out of this arbitration agreement by sending written notice to legal@shekel.xyz within thirty (30) days of first accepting these Terms, stating your name, wallet address, and intent to opt out. Opting out does not affect any other provision.
  6. Governing law. These Terms and any dispute are governed by the laws of the State of Wyoming, U.S.A., without regard to conflict-of-laws principles, except that the Federal Arbitration Act governs the arbitration agreement.

19. Miscellaneous

  • Entire agreement. These Terms, the Privacy Policy, and the Risk Disclaimer are the entire agreement between you and us regarding the Service and supersede all prior agreements.
  • Severability. If any provision is held unenforceable, it will be modified to the minimum extent necessary or severed, and the rest remains in effect.
  • No waiver. Our failure to enforce any provision is not a waiver.
  • Assignment. You may not assign these Terms without our consent; we may assign them freely.
  • Force majeure. We are not liable for any failure or delay caused by events beyond our reasonable control.
  • Notices. We may provide notices by posting on the website or in-app, or to any contact information you provide.
  • Relationship. Nothing in these Terms creates any partnership, agency, fiduciary, employment, or joint-venture relationship.
  • Language. These Terms are drafted in English, which controls.

20. Contact

Shekel Labs LLC 30 N Gould St, Ste R, Sheridan, WY 82801, U.S.A. General: jeremy@shekel.xyz Legal / disputes: legal@shekel.xyz Privacy: privacy@shekel.xyz

By using the Service, you confirm that you have read and agree to these Terms, the Privacy Policy, and the Risk Disclaimer.

Canonical source: github.com/KosherCapital/Legal · Terms · Privacy · Risk