Terms of Use

Effective date: 24 October 2026

These Terms of Use (the “Terms”) govern your use of Graphite: the application at app.graphite.trade, on the web and on any device it is released for (the “App”), and the website at graphite.trade (the “Site”), together the “Service”. Graphite is published by its developer, reachable at tradegraphite@gmail.com (“Graphite”, “we”, “us”).

By using the Service you agree to these Terms and to our Privacy Policy. If you do not agree, do not use it. Creating a Graphite account confirms your acceptance, and so does the confirmation the App asks for before you can trade. Sections 5 to 8 apply only if you trade through the App.

1. What Graphite is

Graphite is a chart of the markets listed on the Hyperliquid decentralised exchange (“Hyperliquid”), and an interface for trading them from that chart. It works in two modes.

• Charting. A chart of any Hyperliquid market — its crypto perpetuals and spot pairs, and the perpetuals on equities, indices, commodities and currencies that builders deploy on it — with indicators, drawing tools and watchlists. Charting asks for no wallet and places no order.
• Trading. You place stop, target, entry and trigger levels on the chart and choose a risk; the App computes a position size from them and, when you tell it to, sends the orders to Hyperliquid on your behalf. It also shows your orders, positions, journal and portfolio as Hyperliquid reports them.

Whichever mode you use:

• Non-custodial. Graphite never holds your funds and cannot move them. Deposits, withdrawals and transfers happen on Hyperliquid, outside the App.
• An interface, not an exchange. Orders are matched, positions are held, funding is charged and liquidations are carried out by Hyperliquid under its own rules. Graphite has no discretion over any of it.
• Two separate identities. A Graphite account, which is optional, keeps your watchlists, drawings and settings. Your Hyperliquid account is your wallet address. Neither is needed for the other, and Graphite never asks you to link them.

2. Who may use Graphite

You may use the Service only if you are at least 18 years old, or the age of majority where you live if that is higher, and only in ways that are lawful where you are.

You may trade through the App only if, in addition:

• you are not a US person and you are not located in the United States;
• you are not located in, or a resident or national of, any country or territory subject to comprehensive sanctions, and you are not a person on any sanctions list;
• you are not excluded by Hyperliquid’s own terms of use, which apply to everything you do on Hyperliquid through Graphite;
• trading cryptocurrency derivatives is legal where you are, and you are permitted to do it;
• you use a wallet you control.

You are responsible for checking and complying with the laws that apply to you. Do not use a VPN, proxy or any other means to hide where you are in order to trade.

3. Nothing here is advice

Graphite is a chart, a calculator and an order interface. It is not a broker, adviser, portfolio manager or fiduciary, and nothing in the Service is investment, financial, legal or tax advice.

• Indicators, volume profiles, drawings, position sizes, risk, reward-to-risk ratios (R), fees and every other figure the App shows are arithmetic on the prices Hyperliquid reports and on the levels and risk you entered. They are not a recommendation to buy, sell or hold anything, nor an opinion on where a price will go.
• Default levels — a stop placed at a multiple of recent range, a target at a multiple of the stop distance — are starting points for you to move, not suggestions.
• Figures for market and trigger orders are estimates. The fill you get depends on the order book at the moment of execution, and the realised risk can exceed the estimate. Fees are estimated from your current fee tier and may differ from what Hyperliquid charges.
• Prices, candles, orders, positions and balances are read from Hyperliquid and may be delayed, incomplete or wrong. Hyperliquid’s own record is the one that counts.
• A perpetual is not the underlying. A market labelled as a perpetual on a stock, an index, a commodity or a currency is a derivative traded on Hyperliquid, open around the clock, with funding and basis included. Its price is not the price on the exchange where the underlying trades, and it can differ from it.

You alone decide whether, what, when and how much to trade.

4. Your Graphite account

You can use every part of the App without a Graphite account. An account keeps your watchlists, drawings and settings, including your trading defaults, and syncs them between your devices. It is created with an email address and a password, a sign-in link sent to your email, or a Google account.

• You are responsible for the security of your email account, your password and every device signed in to the App, and for everything done with your account.
• The App lists the devices signed in to your account and can sign any of them out. Do that if you suspect one has been exposed.
• You can delete your account at any time from the account screen. Deletion removes everything the account holds, at once and permanently, and cannot be undone. It does not stop any device trading: that is done from the wallet, see section 5.
• One person, one account. Do not share an account or use someone else’s.

A Graphite account gives no access to your funds and cannot trade. Anyone who takes it over can see and change your charts, not your positions.

5. Your wallet, your agent key and your devices

Enabling trading. Before you can trade, the App asks you to sign, with your wallet, the approval of an agent wallet (an API wallet) and of the builder fee in section 6. Once they are given, your orders are signed by the agent, not by your wallet.

The agent. The agent can place, modify and cancel orders on your Hyperliquid account. It cannot withdraw or transfer funds. It expires after the period Hyperliquid allows, at most 180 days, and you can revoke it at any time on Hyperliquid or from the App’s portfolio screen.

Where the key lives. The agent’s private key is generated on your device and stored there, in the platform’s secure storage or the browser’s storage. It is never sent to Graphite, and a Graphite account does not hold it. If you clear your browser data, lose the device or uninstall the App, the key is gone and cannot be recovered by Graphite; you approve a new agent.

Device linking. The App can hand an agent key to another of your devices through a QR code sealed with a PIN. Anyone who obtains both the code and the PIN can trade on your account until the agent expires or is revoked. Show the code and share the PIN only with devices you control, and revoke the agent if you suspect either has been exposed.

Stopping. The App offers separate actions to disconnect your wallet, to stop this device trading, and to stop every device trading. Only the last revokes the agents on Hyperliquid, and it needs your wallet. Signing out of Graphite or deleting your account does none of these.

Your responsibility. You are responsible for the security of your wallet, your seed phrase, your devices, your browser and its extensions, and any code or PIN the App gives you. Graphite cannot reverse an order placed with your agent key by someone who obtained it from your device.

6. Fees

Charting is free, and so is the Graphite account. Graphite earns money only on the trades you place through the App.

• The builder fee. A percentage of the notional value of each order that fills, charged by Hyperliquid at execution alongside its own trading fees and paid to Graphite’s builder address. It is not charged on orders that do not fill, on positions you close elsewhere, or on anything you do outside the App.
• How it is agreed. Before you can trade, the App shows the builder fee rate and asks you to approve a maximum rate with a signature from your wallet. Graphite can never charge more than the maximum you approved. If Graphite wants to charge more, the App asks for a new approval, and nothing changes until you give it. You can revoke the approval at any time on Hyperliquid, after which the App can no longer place orders for you.
• The referral code. When you enable trading on a Hyperliquid account that no one has referred yet, the App also sets Graphite’s referral code on it, with no extra signature. Under Hyperliquid’s referral programme, that gives you a discount on your trading fees for a volume Hyperliquid sets, and pays Graphite a share of the fees Hyperliquid charges you, out of Hyperliquid’s own fees, not added to them.
• Shown in every figure. The builder fee is included in the fee estimate and in the net reward-to-risk ratio the App shows before you send an order, and in the results the journal reports.
• No refunds. Fees are collected by the Hyperliquid protocol at execution and are not refundable.

Hyperliquid charges its own trading, funding and other fees under its own terms. Your wallet provider and network may charge fees for signatures and transactions. None of these are Graphite’s. If a paid feature is ever offered, it will be presented as such before you pay anything.

7. Trading risk

Trading perpetual futures with leverage is highly risky. Before you trade, understand that:

• You can lose all of the collateral in your Hyperliquid account, quickly. Leverage magnifies losses as well as gains.
• A stop order does not guarantee an exit at its price. Stops are triggered at Hyperliquid’s mark price and filled as market orders; in a fast or thin market the fill can be far worse than the stop, and the loss larger than the risk you set.
• Market and trigger orders fill at whatever price is available. Slippage is not bounded.
• Positions can be liquidated by Hyperliquid, at a loss, with no action from you or from Graphite.
• Funding payments accrue while a position is open and can be material.
• Orders sent to Hyperliquid are final and cannot be reversed by Graphite. An order you cancel may already have filled.
• The App may be unavailable, disconnected or showing stale data at the moment you need to act. Keep a way to manage your positions directly on Hyperliquid.
• Digital assets are volatile, and the rules that apply to them can change.

Trade only with money you can afford to lose.

8. Hyperliquid, wallets and other third parties

Graphite depends on services it does not control:

• Hyperliquid provides the market data, executes orders, holds positions and collateral, and applies funding, margin and liquidation rules. It may change its API, its rules, its fees, its markets or its availability at any time, with or without notice. Graphite is not responsible for Hyperliquid’s downtime, latency, rate limits, data errors or rule changes, or for any loss arising from them. Your use of Hyperliquid is governed by its own terms and privacy policy, which you accept separately; where these Terms and Hyperliquid’s differ about what Hyperliquid does, Hyperliquid’s prevail.
• Your wallet (a browser extension or a mobile wallet) signs the approvals Graphite asks for. Its security, availability and behaviour are its provider’s, not ours.
• Hosting, identity and error reporting are provided by the processors named in the Privacy Policy, under their own terms and availability.
• Networks. The Service is served over the public internet. Connectivity and availability are not guaranteed.

9. Acceptable use

You agree not to:

• use the Service for anything unlawful, including market manipulation, wash trading, money laundering or sanctions evasion;
• circumvent, or attempt to circumvent, the eligibility restrictions in section 2;
• interfere with the Service, probe or attack it, or place an unreasonable load on it or on Hyperliquid through it, including by scraping the data it serves or reads;
• copy, modify, distribute, sell or reverse-engineer the Service, except as open-source licences on parts of it expressly permit;
• remove or alter any notice of ownership on the Service;
• use the Service in a way that damages Graphite’s reputation or its relationship with Hyperliquid.

10. Availability and changes to the Service

The Service is provided as a work in progress. We may change, suspend or discontinue any part of it at any time, with or without notice, and we may release updates that change how the App works or looks. We do not promise that the Service will be available, uninterrupted, secure or error-free, or that any error will be fixed. Keep your own copy of anything you cannot afford to lose.

11. Intellectual property

The Service, including its code, design, name, logo, text and images, belongs to Graphite or its licensors and is protected by copyright, trade mark and other laws. These Terms give you a personal, limited, revocable, non-exclusive, non-transferable right to use the App for its intended purpose, and nothing else. Parts of the Service may be published under open-source licences; those licences govern those parts. What you draw and the lists you make are yours.

12. No warranty

To the fullest extent permitted by law, the Service is provided “as is” and “as available”, without warranty of any kind, express or implied, including any warranty of merchantability, fitness for a particular purpose, accuracy, title or non-infringement. We do not warrant that the prices, indicators or any figure the App shows are correct, that orders will be sent or filled, that your data will be kept, that the Service will meet your needs, or that it will be free of harmful components.

13. Limitation of liability

To the fullest extent permitted by law:

• Graphite, its owners, developers, contributors and suppliers are not liable for any indirect, incidental, special, consequential or punitive damages, or for any loss of profits, revenue, trading opportunity, data or goodwill, arising out of or in connection with the Service, however caused, even if advised of the possibility.
• Graphite is not liable for any trading decision you take on the strength of anything the App shows, or for any trading loss, liquidation, missed fill, bad fill or order sent in error, or for any loss caused by Hyperliquid, your wallet, a processor, your device, your network, a third party, or your own act or omission.
• Graphite’s total liability for all claims arising out of or relating to the Service, in aggregate, is limited to the greater of one hundred euros and the fees Graphite actually received from your trades in the twelve months before the event giving rise to the claim.

Nothing in these Terms excludes or limits liability that cannot be excluded or limited by law, including liability for death or personal injury caused by negligence, or for fraud. Some jurisdictions do not allow certain exclusions; in those, the exclusions apply to the extent permitted.

14. Indemnity

You agree to indemnify and hold harmless Graphite, its owners, developers and contributors from any claim, loss, liability, damage or expense, including reasonable legal fees, arising from your use of the Service, your breach of these Terms, your violation of any law or of a third party’s rights, or your trading activity.

15. Termination

You can stop using the Service at any time: delete your Graphite account from the account screen, stop every device trading from the portfolio screen, and revoke the builder fee approval on Hyperliquid. We may suspend or end your access to the Service, and delete an account, at any time if we believe you have breached these Terms, if the account has been unused for two years, or if the law requires it. Sections 3, 6 (as to fees already charged), 7, 8 and 11 to 18 survive termination.

16. Changes to these Terms

We may change these Terms. When we do, the effective date at the top changes and the App asks you to accept the new Terms before you can trade again. Going on using the Service without trading after that date is acceptance of the new text. The current Terms are always available in the App and at app.graphite.trade/terms. If you do not accept a change, delete your account and stop using the Service.

17. Governing law and disputes

These Terms are governed by the laws of France, without regard to its conflict-of-laws rules, and any dispute arising out of or relating to these Terms or the Service will be brought in the courts of France. Before bringing a claim, write to the address in section 19 and give us thirty days to resolve it. Nothing in this section deprives you of any mandatory protection you have as a consumer under the law of the country where you live.

18. General

• If any part of these Terms is found unenforceable, the rest remains in effect.
• Our failure to enforce a right is not a waiver of it.
• You may not assign these Terms; we may assign them to a successor of the Service.
• These Terms and the Privacy Policy are the whole agreement between you and Graphite about the Service.
• These Terms are written in English. A translation, if one is provided, is for convenience only; the English text governs.

19. Contact

Questions about these Terms: tradegraphite@gmail.com.