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Disclaimer ​

Last updated: 3 August 2026

Please read this disclosure in full before using LeverUp. It supplements, and does not replace, the Terms of Use. Where the two differ, the Terms of Use govern.

1. Nature of the Protocol ​

The LeverUp protocol (the "Protocol") is a collection of open-source smart contracts deployed on the Monad blockchain and made available on a voluntary basis. The web interface at leverup.xyz and its subdomains (the "Interface") is one means of interacting with those contracts.

Both are provided "as is" and "as available", without warranties of any kind, express or implied.

LeverUp:

  • does not operate a brokerage, exchange, clearing house, or money services business;
  • does not take custody of, hold, or control your assets at any time;
  • does not act as your agent, adviser, or fiduciary, and owes you no fiduciary duty;
  • does not guarantee the reliability, legality, availability, or suitability of the Protocol for any purpose or in any jurisdiction.

You are solely responsible for evaluating the Protocol and for every transaction you submit.

2. No advice of any kind ​

Nothing published by LeverUp — in this documentation, the Interface, or any other channel — constitutes financial, investment, trading, legal, accounting, or tax advice, or a recommendation to enter into any transaction. No content here is personalised to your circumstances.

Consult qualified professional advisers before participating.

3. No offer of securities ​

Nothing relating to the Protocol, the $LV token, LVUSD, LVMON, or any other asset referenced in this documentation constitutes a prospectus, an offering document, a solicitation for investment, or an offer to sell or buy securities or financial instruments in any jurisdiction.

4. Eligibility and restricted jurisdictions ​

The Protocol is not available to residents, citizens, or entities of the United States or of any jurisdiction subject to comprehensive international sanctions, or to any person on an applicable sanctions list. Using a VPN or any other method to disguise your location in order to access the Protocol is prohibited. See Terms of Use §1.

It is your responsibility to determine whether your use of the Protocol is lawful where you are.

5. Trading and leverage risks ​

Perpetual futures are complex, high-risk instruments. You may lose the entire value of your margin, and you should not commit funds you cannot afford to lose in full.

  • Total loss. Positions can be liquidated in full. You may lose all margin committed to a position, and across positions you may lose all assets you commit to the Protocol.
  • Leverage. LeverUp supports leverage up to 1001x. At high leverage a very small adverse price move is sufficient to consume your entire margin. See Liquidation.
  • Liquidation. A position is liquidated when losses and fees reach the pair's Liquidation Loss Rate. Liquidation is automated and gives no advance notice, no grace period, and no opportunity to add margin once triggered.
  • Auto-deleveraging. A position may be closed by the Protocol for reasons unrelated to its losses — including retirement of the market it trades and effective leverage falling below 1x. See Auto-Deleveraging.
  • Accruing costs. Holding and funding fees accrue continuously while a position is open and are deducted from margin. They can move a position toward liquidation even if its price has not moved. Funding rates vary with open-interest imbalance and are not capped at any level you agree to in advance.
  • Execution and slippage. Market orders execute at the prevailing price plus slippage, which may differ materially from the price displayed when you submitted. Limit orders may not execute.
  • Trading restrictions. New positions may be refused when a pair's open-interest cap is reached. On certain pairs, positions above a size threshold cannot be closed for a minimum period after opening, and take profit does not fire during that window. Take profit is capped.
  • Positions merge. Opening again in the same direction on the same pair with the same margin token adds to your existing position. Quantity and margin are summed and the entry price becomes a quantity-weighted average, which moves your liquidation price. A new order can therefore change the risk profile of exposure you already hold.

6. Collateral and settlement risks ​

  • Second source of liquidation risk. When you post a volatile token as collateral through AnyCollateral, a fall in that token's price can liquidate your position on its own, even when the position itself is profitable.
  • Collateral ratios. Supported collateral tokens are discounted by a collateral ratio that may be changed by the Protocol. A reduction increases your effective leverage.
  • Settlement asset. Payouts are made in the position's settlement token. Where the Protocol's reserves of a collateral token are insufficient to pay a winning position in full, the shortfall may be settled in $LV valued at a time-weighted average price. You may therefore receive an asset you did not deposit, whose value can fall after settlement.
  • LVUSD and LVMON are not deposits. They are synthetic protocol assets. They are not bank deposits, are not insured or guaranteed by any government or institution, and carry no promise of redemption at par.
  • Depeg and socialised loss. LVUSD and LVMON may trade below their reference asset. In a sustained depeg the Protocol may mint and auction $LV to absorb excess supply, in which case $LV stakers bear those losses first; may open redemptions subject to daily quotas at a rate determined by available vault liquidity rather than at par; and may redirect protocol fees that would otherwise have been distributed. See LVUSD.
  • Staking and redemption. sLVMON is a vault share, not a fixed claim — its value can fall as well as rise, and past or projected APY is not a commitment. Standard redemption requires a waiting period, and fast redemption depends on instant liquidity that may not be available. See LVMON Staking and LVMON Redemption.

7. Technology risks ​

  • Smart contract risk. The Protocol's contracts may contain bugs, vulnerabilities, or economic flaws that result in partial or total loss of assets.
  • Audits are not guarantees. The audits published on this site are point-in-time reviews of specific code by third parties. They do not certify the Protocol as secure, do not cover subsequent changes, and confer no warranty or liability on LeverUp or on the auditors.
  • Oracle risk. Prices are sourced from third-party oracles. Feeds may be delayed, stale, inaccurate, or manipulated, and any of these can cause unexpected liquidation or unfavourable execution.
  • Blockchain risk. The Protocol depends on the Monad network. Congestion, reorganisation, forks, outages, consensus failure, or changes to the network may prevent transactions from confirming, delay liquidations, or otherwise disrupt the Protocol.
  • Keeper dependency. Order execution, liquidation, and auto-deleveraging are performed by keepers. Delay or failure in keeper operation may prevent your orders from executing or your positions from closing when expected.
  • One-Click Trading. Enabling 1CT authorises a session key held on your device to sign trading actions on your behalf without further confirmation. If your device or browser storage is compromised, that key may be used to trade your positions. The authorisation is limited to trading actions and cannot transfer your assets out of your wallet.
  • Interface availability. The Interface may be unavailable, degraded, or display inaccurate information. It is not the Protocol, and its availability is not guaranteed.
  • Key management. Loss of your private keys, seed phrase, or wallet access results in permanent, irreversible loss of your assets. LeverUp cannot recover them.

8. Token and incentive risks ​

  • No value promise. $LV, LVUSD, LVMON, and point tokens carry no promise, representation, or guarantee of value, price, liquidity, yield, or future utility.
  • Programmes may change. Point formulas, emission schedules, epoch parameters, referral terms, fee distribution, and eligibility rules may be modified, suspended, or discontinued at any time. Accrued points may not convert to any particular amount of $LV.
  • Forward-looking statements. Tokenomics, allocation tables, emission schedules, and roadmap content in this documentation describe current intentions. They are not commitments, are subject to change, and should not be relied on as a basis for any decision.

9. Risk controls and Protocol intervention ​

The Protocol operates risk controls that may reject orders, restrict activity on a market, pause functions, or close open positions. This includes acting on positions associated with market abuse, manipulation, coordinated multi-account activity, oracle exploitation, or other misuse of Protocol mechanics.

Where such action is taken, settlement may not be at the prevailing market price, and proceeds attributable to the conduct in question may be withheld. Detection criteria and thresholds are not published. See Risk Controls.

By using the Protocol you acknowledge and accept that these controls exist and may be applied to your positions.

10. Parameters and availability may change ​

Every parameter described in this documentation — fees, leverage caps, open-interest caps, liquidation thresholds, collateral ratios, minimum sizes, and holding rules — is on-chain configuration and may be changed without notice. Markets may be added, suspended, or retired, and features may be modified or discontinued at any time.

The Interface reflects the values in force. This documentation is explanatory and is not the source of truth.

11. Market conduct and other participants ​

Other participants may engage in front-running, market manipulation, trading on non-public information, or other unfair practices. The Protocol cannot prevent all such conduct, and LeverUp is not liable for losses arising from the conduct of third parties.

12. Regulatory and tax risk ​

The legal treatment of decentralised trading, perpetual futures, and digital assets is unsettled and differs by jurisdiction. Laws, regulations, and enforcement practice may change, potentially restricting or prohibiting your use of the Protocol or affecting the value or transferability of assets you hold.

You are solely responsible for determining and meeting any tax obligations arising from your activity. LeverUp does not withhold, report, or provide tax documentation.

13. No liability ​

To the maximum extent permitted by applicable law, LeverUp, its contributors, and its affiliates accept no liability for any claim, damage, or loss — direct or indirect, including loss of assets, profits, or data — arising from or connected to your use of the Protocol or the Interface. See Terms of Use §12.

14. Acknowledgement ​

The risks above are not exhaustive, and many are outside LeverUp's control. By accessing or using the Protocol or the Interface, you confirm that you have read and understood this disclosure, that you are eligible to use the Protocol, and that you do so entirely at your own risk.