Terms and conditions

1. Definitions

For the purposes of these Terms, the following expressions have the meanings set out below.

• “App” means the vault application hosted at https://app.detrade.fund.
• “Base” means the Base blockchain on which the Core vaults are deployed.
• “Core” or “Core vaults” means the on-chain sleeves operated by the Company on Base, presently denominated in USD (USDC), EUR (EURC), and ETH.
• “Digital Assets” means cryptographic tokens recorded on a blockchain, including USDC, EURC, ETH, and other blockchain-native assets.
• “Lagoon” means the third-party vault protocol used to hold deposits, issue shares, and settle requests on a cycle.
• “Oracle” means the public mark and snapshot service at https://oracle.detrade.fund.
• “Service” means the operation of the Core vaults by the Company as on-chain operator, together with the Surfaces.
• “Smart Contracts” means the programs deployed on Base that govern a vault, including share accounting, settlement windows, and fee logic.
• “Surfaces” means the Website, the App, and the Oracle.
• “Third-Party Protocols” means protocols and applications that the Company does not own or control, including Lagoon, Morpho, Aave, Merkl, and the Base network itself.
• “User” means the person or entity that accesses a Surface or interacts with a Core vault.
• “Website” means the marketing site at https://detrade.fund.

2. Scope of the Service

The Company is an on-chain operator. It designs, coordinates, and executes strategies for the Core vaults through Smart Contracts, a Safe, and integrations with Third-Party Protocols. All asset movements that the Service effects occur on-chain.

The Company does not take fiat deposits, does not maintain bank accounts for Users, and does not hold a User’s private keys. Users interact through their own wallets. Execution by the Company, where it occurs, is effected on-chain under the applicable contract and Safe rules.

The Company does not provide personalised investment advice, a suitability assessment, or a discretionary mandate in the conventional sense of a managed account. Information published on the Surfaces describes the Core vaults at product level only.

Settlement of deposits and redemptions follows the vault’s asynchronous cycle. A request is not an immediate credit or debit in the User’s wallet. Between settlements, the Oracle may publish a mark. That mark is not the last on-chain share price.

The User participates at the User’s own initiative and risk.

3. Acceptance

The Website may be read without accepting these Terms.

Participation in a Core vault, and in particular any deposit, requires prior acceptance of these Terms. Acceptance is given by signing, with the connected wallet, a short message that refers to these Terms, including their version number and the URL of this page.

Connecting a wallet, browsing the Surfaces, or reading these Terms does not, by itself, constitute acceptance.

A User who does not accept must not sign the message and must not deposit.

The Company records the signed message, the wallet address, the signature, the version, and the timestamp. The Company may rely on that record as evidence that the User accepted the version then in force. A copy may also remain in the User’s browser so that the App can remember the current version has been signed.

If the version number of these Terms changes, the User will be asked to sign again before the next deposit. A signature given for an earlier version does not bind the User to a later version.

4. Eligibility

The Surfaces do not currently apply geographic blocking. The absence of a block is not a representation that the Service is lawful in every jurisdiction. The User is solely responsible for determining whether access and participation are permitted where the User is located or incorporated.

By using the Service, the User represents that they have full legal capacity, that they are not the subject of economic or trade sanctions administered by a competent authority, and that they will not use the Service for any unlawful purpose.

The Company may refuse or discontinue a User’s access where it has reason to do so, including where required by law.

5. Identity verification

The Company does not currently require Know Your Customer or Anti-Money Laundering verification as a condition of using the App. The Company does not currently collect identity documents or submit wallets to a screening vendor for that purpose.

If applicable law, a competent authority, or a counterparty later requires verification, the Company may condition access on completion of those procedures, or may refuse the User. That is not the present product.

6. Wallets and vault architecture

Users interact through wallets they control. The Company does not hold private keys and has no duty to recover a lost or compromised wallet. Loss of keys, a compromised device, or an incorrect approval may result in irreversible loss of Digital Assets.

The Core vaults are implemented as Lagoon vaults on Base, with strategy execution through a Safe or related on-chain configuration. The Company may, for operational or security reasons, change signatories, thresholds, or contracts, or migrate assets between on-chain structures, through the mechanisms those contracts provide.

Such on-chain execution does not create a bank, deposit-taking, custodial, or fiduciary relationship of the conventional kind.

7. Strategies and Third-Party Protocols

Strategies allocated in the Core vaults may include lending, liquidity provision, collateralised or leveraged arrangements, and other on-chain positions, including in ETH and in stablecoins. The Company selects and may change those allocations.

Execution depends on Third-Party Protocols. The Company does not own, operate, or guarantee those protocols. They may fail, pause, change parameters, or become unavailable. The Company may replace or discontinue an integration at any time.

Description of a strategy on the Website or in these Terms does not commit the Company to maintain that strategy, or to make it available to every User.

8. Fees

Core USDC currently charges a performance fee of twenty percent (20%).

Other Core vaults may charge different fees, or no performance fee. The App and the fee parameters encoded in the relevant Smart Contracts are the source of the fees applicable to a given vault. This Section does not invent a fee that is not so displayed or encoded.

Third-Party Protocols and the Base network impose their own charges, including gas and protocol rates. Those charges are outside the Company’s control.

The existence of a fee is not a representation that any return will be achieved.

9. Risk acknowledgment

BY DEPOSITING OR OTHERWISE PARTICIPATING IN A CORE VAULT, THE USER ACKNOWLEDGES AND ACCEPTS THE RISKS SET OUT IN THIS SECTION, INCLUDING THE RISK OF PARTIAL OR TOTAL AND IRREVERSIBLE LOSS OF DIGITAL ASSETS.

9.1 General. On-chain strategies are experimental. They may not function as intended.

9.2 Smart Contracts. Contracts may contain errors or vulnerabilities. Audits, where they exist, do not eliminate that risk.

9.3 Third-Party Protocols. Protocols may suffer exploits, insolvency, governance changes, oracle failures, liquidity collapse, or shutdown.

9.4 Markets. Digital Assets are volatile. Stablecoins may leave their intended peg. Liquidations, where leverage or collateral is used, may occur automatically and without notice.

9.5 Liquidity and settlement. The User may be unable to enter or exit at an expected price. Redemptions follow the vault cycle and may be delayed, queued, or constrained by contract logic or available liquidity.

9.6 Oracle and infrastructure. Marks may be wrong or late. Networks may congest, reorganise, or halt. Bridges, if used, may fail.

9.7 Legal. The treatment of digital assets and on-chain vaults may change in Panama or elsewhere without notice. A future law or enforcement action may restrict the Service.

9.8 Operational. Human error, misconfiguration, key compromise, and infrastructure outages may occur.

9.9 No insurance. No deposit-guarantee, compensation scheme, or capital guarantee is provided by the Company or by any public authority.

9.10 Performance figures. APR, APY, historical performance, and Oracle marks are informational. They are not a promise of future results. An Oracle mark is not the last on-chain share price.

10. Prohibited use

The User shall not:

• use the Service for any unlawful, fraudulent, or sanctioned activity;
• attempt to exploit, interfere with, or circumvent the Smart Contracts, the Safe configuration, or the Surfaces;
• impair the security or availability of the Surfaces;
• use the Service in breach of any law that applies to the User.

A breach of this Section is grounds for immediate refusal or termination of access, without prejudice to any other remedy.

11. No financial, legal, or tax advice

Nothing on the Surfaces, and nothing said by the Company, is personalised investment, financial, legal, or tax advice, or a recommendation to enter any particular transaction.

Taxation of Digital Assets is uncertain and depends on the User’s circumstances. The User is solely responsible for reporting and paying any tax that arises.

The User is encouraged to obtain independent professional advice before participating.

12. Intellectual property

The Company owns the intellectual property in the Surfaces and their contents, except where rights belong to a third party. The User may not copy, resell, or commercially exploit the Surfaces or their contents except as the Company expressly permits.

13. Support and complaints

The Company may provide general information about how the Surfaces and the vaults function. That information is not advice.

Technical difficulties and complaints may be sent to hello@detrade.fund. The official Discord may also be used for technical questions. The Company will endeavour to respond. It does not undertake a particular resolution time, and it does not accept responsibility for losses arising from Smart Contracts, Third-Party Protocols, market movements, settlement delays, or changes in law.

14. No warranties

TO THE FULLEST EXTENT PERMITTED BY LAW, THE SERVICE IS PROVIDED AS IS AND AS AVAILABLE, WITHOUT WARRANTY OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

The Company does not warrant that access will be continuous, timely, or secure; that information on the Surfaces will be accurate or complete; that any Smart Contract or Surface will be free of defects; or that any performance, yield, or preservation of capital will be achieved.

15. Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE LOSS, OR FOR LOSS OF DIGITAL ASSETS, ARISING OUT OF OR IN CONNECTION WITH:

• Smart Contract errors, exploits, or failures;
• the acts, omissions, insolvency, or security failures of any Third-Party Protocol;
• market volatility, liquidations, or collateral shortfalls;
• Oracle, bridge, or network failures;
• delay or failure in on-chain execution or settlement;
• a change in law or regulation;
• interruption of the Surfaces.

Where liability cannot be excluded, it is limited to cases of fraud or wilful misconduct, as determined under applicable law.

Persons who act as signatories or operators of a Safe or related configuration act for the Company and not in a personal capacity, except in case of fraud or wilful misconduct.

16. Amendments

The Company may amend these Terms at any time. The amended Terms take effect when published on the Website, unless a later date is stated.

Where an amendment is material, the Company will endeavour to give notice on the Website or in the App. Continued participation after the effective date, and in any event a new signature under Section 3, constitutes acceptance of the amended Terms.

A User who does not agree must discontinue participation before depositing under the new version.

17. Governing law and disputes

These Terms are governed by the laws of the Republic of Panama, without regard to conflict-of-laws rules.

Any dispute arising out of or in connection with these Terms shall be submitted to the courts of Panama City, Panama.

18. Severability

If a provision of these Terms is held invalid or unenforceable, it shall be modified to the minimum extent necessary to make it valid, or severed if modification is not possible. The remaining provisions continue in force.

19. Entire agreement

These Terms, together with the Privacy Policy and the Cookie Policy, constitute the entire agreement between the User and the Company in respect of the Service and supersede prior statements on the same subject, whether written or oral.

Publisher of this website

The following identifies who publishes and hosts the Website. It is site information. It does not form part of the Terms above.

Publisher: DeTrade Fund, operating from Panama City, Republic of Panama. Written enquiries: hello@detrade.fund.

Host: Vercel Inc. The address published by Vercel on vercel.com/legal (Contact Us in the privacy policy; Arbitration Request in the terms of service) is 440 N Barranca Avenue #4133, Covina, CA 91723, United States. That address is Vercel’s, not the Company’s. Those pages do not publish a telephone number, and none is given here.