Terms and Conditions
1. Definitions
In these Terms:
- "Dexly", "we", "us" and "our" mean Hyper Lion Ltd, a company incorporated in England and Wales with its registered office at Unit 501, Leroy House, 434-436 Essex Road, London, England, N1 3FY.
- "Interface" means the Dexly web interface at dexly.trade and the Dexly mobile app.
- "Protocol" means the Hyperliquid decentralised exchange protocol and its associated smart contracts and networks, which we neither operate nor control.
- "Agent Wallet" means the trading key your browser or device generates so that you do not have to sign every order individually. See section 7.
- "Digital Assets" means cryptoassets and other digital tokens, including perpetual futures contracts referencing them.
- "You" and "your" mean the person using the Interface.
2. Who we are and what Dexly is
Dexly is software. It is a non-custodial interface that lets you interact with the Protocol from your own wallet.
When you place an order through the Interface, you transact directly with the Protocol. We are not a party to that transaction.
- We do not take custody of your Digital Assets at any point.
- We do not hold, generate or store your private keys or recovery phrase.
- We do not operate a trading venue and we do not match orders. The Protocol does that.
- We are not your counterparty, broker, dealer, exchange, bank or investment firm.
- We do not provide legal, financial, investment or tax advice.
3. Acceptance of these Terms
By accessing or using the Interface you agree to these Terms. If you do not agree, do not use it.
The version published at https://dexly.trade/legal/terms is the version that applies. Section 20 explains how we change these Terms.
4. Eligibility
By using the Interface you represent and warrant that:
- you are at least 18 years old, or the age of majority where you live if that is higher;
- you have the legal capacity to enter into these Terms;
- you may lawfully use the Interface and trade Digital Assets under the laws that apply to you;
- you are not a restricted person as described in section 5.
5. Restricted jurisdictions and persons
You may not use the Interface if you are located in, resident in, or a citizen of the United States of America, North Korea, Iran, Syria, Cuba, or the Crimea, Donetsk or Luhansk regions.
You may not use the Interface if you are named on, or are owned or controlled by a person named on, any sanctions list maintained by the United Nations, the United Kingdom, the European Union, or the United States Office of Foreign Assets Control.
Working out whether you may lawfully use the Interface where you are is your responsibility, not ours. Laws differ between countries and they change.
We may restrict or block access from any jurisdiction at any time, including where we believe it necessary to comply with law.
6. Non-custodial nature and your responsibility
The Interface is non-custodial. Your Digital Assets stay under your control at all times, and we have no ability to move, freeze or recover them.
You are solely responsible for:
- keeping your wallet, private keys and recovery phrase secure;
- understanding how your wallet, the blockchain and the Protocol work before you use them;
- checking the details of every transaction before you sign it;
- keeping a backup of anything you need in order to recover access.
7. Agent Wallet and delegated signing
Trading on the Protocol normally requires a signature for every action. To avoid that, the Interface generates an Agent Wallet: a separate key created on your own device and stored there.
The Agent Wallet key is generated in your browser and kept in your browser storage. It is never transmitted to us. We could not use it even if we wanted to, because we never receive it.
The Agent Wallet is authorised to place and manage trades on the Protocol on your behalf. It is not authorised to withdraw your funds.
You can revoke the Agent Wallet at any time through the Protocol. Clearing your browser storage also destroys it, and you will be asked to authorise a new one.
Trades placed using your Agent Wallet are your trades. You are responsible for them exactly as if you had signed each one individually.
8. Fees
We may charge a builder fee on trades routed through the Interface. The fee is set on-chain and requires your approval before it can be applied. The applicable rate, and the maximum you are approving, are shown to you at the point of approval.
The Protocol charges its own trading and funding fees. Those are payable to the Protocol, not to us, and we do not set them.
Network and gas costs are yours.
We may change our fees. Changes take effect prospectively, and where a change requires a new on-chain approval it does not apply until you give it.
9. Rewards and referrals
We may operate reward, referral or points programmes. Where we do, taking part is voluntary and the terms of that programme are shown alongside it.
Rewards are discretionary. They are not compensation, not a security, and not a promise of any future benefit or token.
We may change, suspend or end any such programme at any time. We may withhold or reverse rewards obtained through self-referral, multiple accounts, wash trading or any other abuse.
10. Third-party services and protocols
The Interface connects you to services we do not control, including the Hyperliquid protocol, your wallet provider, login providers and network infrastructure providers.
These are not built, operated or audited by us. Smart contracts can contain defects. Protocols can be exploited, upgraded, forked, or governed in ways that affect your positions. Networks can congest, stall or reorganise.
We are not responsible for any loss arising from a third-party protocol, smart contract, wallet or network.
11. No advice and no fiduciary duty
Nothing in the Interface is financial, investment, legal or tax advice, and nothing in it is a recommendation to enter into any transaction.
Charts, market data, statistics, leaderboards, portfolio views and notifications are provided for information only.
We owe you no fiduciary duty. Every trading decision you make is yours alone. If you need advice, take it from someone qualified to give it.
12. Trading and market risk
Trading Digital Assets, and in particular leveraged perpetual futures, carries a high risk of loss. Do not trade with money you cannot afford to lose entirely.
You acknowledge that:
- prices can move sharply and without warning, and past performance does not indicate future results;
- leverage magnifies losses as well as gains;
- positions can be liquidated automatically and without notice if margin requirements are not met, and liquidation can result in the total loss of the margin committed;
- funding payments on perpetual contracts can be positive or negative and can accrue against you;
- orders can fill at a worse price than expected because of slippage, latency or thin liquidity;
- oracle or price-feed failures can affect valuations and liquidations.
13. Market data and content
Market data shown in the Interface comes from the Protocol and other third-party sources. We do not guarantee that it is accurate, complete, current or uninterrupted.
Leaderboards and trader statistics describe past activity. They are not a forecast and not an endorsement of any trader.
Do not rely on anything displayed in the Interface as the sole basis for a trading decision.
14. Copy trading
This section applies only where the copy trading feature is enabled and you have chosen to use it.
Copy trading lets you follow a trader you select, so that trades matching their activity are placed from your own account through your own Agent Wallet, within limits you set.
You choose whether to follow, whom to follow, how much to allocate, and when to stop. You can revoke that authority at any time, and revoking it stops new trades being opened on your behalf.
We do not select traders for you, do not manage your portfolio, and exercise no discretion over strategy. We are not acting as your investment manager or adviser.
A trader's past performance does not indicate their future results. Copying a profitable trader can still lose you money, including through timing differences, slippage, and differences in position sizing between their account and yours.
Positions opened by copy trading are your positions and carry every risk described in section 12, including liquidation.
15. Acceptable use
You agree not to:
- use the Interface in breach of any law or regulation that applies to you;
- engage in market manipulation, wash trading, spoofing, layering or any other abusive trading practice;
- interfere with the security, integrity or availability of the Interface, including by denial-of-service attacks, scraping at scale, or circumventing rate limits;
- access or attempt to access any account, wallet or data that is not yours;
- use the Interface to launder money, finance terrorism, or evade sanctions;
- misrepresent your identity, location or eligibility, including by using a VPN or proxy to defeat a restriction in section 5.
16. Intellectual property and feedback
The Dexly name, logo, branding, interface design, text and graphics are owned by or licensed to us. These Terms give you no right to use them beyond using the Interface as intended.
You may not copy, modify, distribute, sell, reverse engineer or create derivative works from the Interface or its content, except where applicable law permits you to despite this restriction.
If you send us feedback or suggestions, you grant us a perpetual, worldwide, royalty-free licence to use them without obligation to you. Do not send us anything you consider confidential.
17. Availability, changes and suspension
We do not guarantee that the Interface will be available, uninterrupted or error-free. It depends on networks and third-party infrastructure we do not control.
We may change, suspend or discontinue any part of the Interface at any time. Where it is reasonable to do so, we will give notice.
We may suspend or terminate your access where we reasonably believe you have breached these Terms, or where we need to in order to comply with law.
You may stop using the Interface at any time by disconnecting your wallet and, on mobile, uninstalling the app.
18. Disclaimer of warranties
The Interface is provided "as is" and "as available".
To the fullest extent permitted by law, we exclude all warranties, conditions and representations not expressly set out in these Terms, including any implied warranty of satisfactory quality, fitness for a particular purpose or non-infringement, and any warranty that the Interface or the data in it will be accurate, uninterrupted or error-free.
Nothing in this section limits anything preserved by section 19.
19. Limitation of liability
Nothing in these Terms excludes or limits our liability for death or personal injury caused by our negligence, for fraud or fraudulent misrepresentation, or for anything else that cannot lawfully be excluded or limited. If you are a consumer, nothing in these Terms affects your statutory rights.
Subject to that, and to the fullest extent permitted by law:
- we are not liable for indirect, incidental, special, consequential or punitive loss, or for loss of profits, revenue, data, goodwill or opportunity, whether or not we were told such loss was possible;
- we are not liable for losses caused by market movements, liquidation, slippage, funding costs, network congestion or failure, smart contract defects, protocol exploits, oracle failures, or the acts or omissions of any third party;
- we are not liable for losses caused by your loss of a private key, recovery phrase or device, or by your own error in signing or configuring a transaction;
- our total aggregate liability for all claims connected with the Interface is limited to the greater of the fees you paid us in the twelve months before the claim arose, or GBP 100.
20. Changes to these Terms
We may update these Terms. The current version is always published at https://dexly.trade/legal/terms, with the date it last changed.
Where a change is material we will give reasonable notice through the Interface before it takes effect. Continuing to use the Interface after a change takes effect means you accept the updated Terms. If you do not accept them, stop using the Interface.
21. Indemnity
If you are not a consumer, you agree to indemnify us and our directors, officers, employees and contractors against any claim, liability, loss or expense, including reasonable legal fees, arising from your use or misuse of the Interface, your breach of these Terms, your breach of any law, or your dealings with any third-party protocol or service reached through the Interface.
22. Term, termination and survival
These Terms apply for as long as you use the Interface.
Sections that by their nature should survive termination do survive it, including sections 16 to 21, section 23 and section 24.
23. Governing law and disputes
These Terms, and any dispute arising out of them or their subject matter, are governed by the law of England and Wales.
Before starting proceedings, please contact us at hi@dexly.trade so we can try to resolve the matter. Most complaints are settled faster this way, and doing so is not a condition of your right to go to court.
The courts of England and Wales have exclusive jurisdiction, except that if you are a consumer you may also bring proceedings in the courts of the country where you live, and nothing in these Terms deprives you of the protection of any mandatory law of that country.
24. General
The following apply to these Terms as a whole.
- Force majeure. We are not liable for any failure or delay caused by something beyond our reasonable control, including network or protocol failure, cyber attack, or action by a government or regulator.
- Severability. If any provision is found unenforceable, the rest continues in force and that provision applies to the extent it lawfully can.
- No waiver. If we do not enforce a right, that is not a waiver of it.
- Entire agreement. These Terms, together with the Privacy Policy and the Cookie Policy, are the whole agreement between us about the Interface.
- Assignment. You may not transfer your rights under these Terms without our consent. We may transfer ours to a group company or to a buyer of our business, provided this does not reduce your rights.
- Third parties. Except for our directors, officers, employees, contractors and affiliates, who may rely on sections 18 to 21, no one other than you and us has any right under the Contracts (Rights of Third Parties) Act 1999 to enforce these Terms.
- Notices. We may give you notice through the Interface or, where we have one, by email. You may give us notice at hi@dexly.trade.
- Language. These Terms are written in English. Any translation is provided for convenience, and if there is a conflict the English version governs.
25. Contact
Hyper Lion Ltd
Unit 501, Leroy House, 434-436 Essex Road, London, England, N1 3FY
Email: hi@dexly.trade
Website: https://dexly.trade
Owned and operated by Hyper Lion Ltd, London, United Kingdom.
Website: https://dexly.trade