Terms of Use.

Effective: 2026-06-17 · Version 1.3 · Governing law: Federal Republic of Germany

1. Definitions

• "LOSURIA", "Service", "we", "our" — the non-custodial multichain wallet software accessible via app.losuria.com and the marketing site at losuria.com, operated by the entity named in the Imprint (Impressum).
• "You", "User" — any natural or legal person accessing the Service.
• "Wallet" — a cryptographic key pair derived on the User's device that controls assets on supported blockchains.
• "Smart Wallet" — a smart-contract wallet (Coinbase Smart Wallet) whose owner is the User's Wallet.
• "Session Key" — an ephemeral key generated by the User and authorised by the User to execute snipe orders within explicit spend caps and a time-to-live.
• "Restricted Jurisdiction" — any jurisdiction listed in §8 below or any country, region, or person subject to comprehensive sanctions by the EU, UN, UK, or OFAC.

2. Acceptance and Eligibility

1. You must be at least 18 years of age and have the legal capacity to enter into a binding contract under the laws of your jurisdiction.
2. You confirm that using the Service does not violate any law or regulation applicable to you.
3. You confirm you are not located in, a citizen of, or a resident of any Restricted Jurisdiction (§8).
4. If you accept these Terms on behalf of a legal entity, you confirm you have authority to bind that entity.

3. Service Description

3.1 What LOSURIA is

LOSURIA is a non-custodial wallet, swap aggregator, and trading-automation tool delivered as a Progressive Web App. It supports operations on Ethereum mainnet, Base, Solana and Monad (swaps, sniping and token launches), and Bitcoin (receive, send and cross-chain bridging). Feature availability differs per chain, is shown in the interface, and may change as those ecosystems mature.

3.2 Features

• Wallet creation and signing using WebAuthn passkeys (Face ID, Touch ID, Windows Hello, hardware security keys). The Wallet owner key is derived in-browser from the passkey's WebAuthn-PRF output; there is no seed phrase and no recovery file.
• Native and ERC-20 token transfers via standard EOA-signed transactions; Smart-Wallet operations are executed via an EOA-signed batched call.
• Token swaps routed on-chain to the best quoting venue (Uniswap, Curve, the LOSURIA DEX). Swap submissions on Ethereum fan out to multiple private MEV-protection relay builders (Flashbots, Beaverbuild, Titan, Lightspeed).
• Optional, opt-in algorithmic snipe execution: the User configures token-purchase orders, arms an ephemeral Session Key with an explicit on-chain ETH spend-cap and time-to-live (TTL) the User can revoke on-chain, and the User's own Session Key then automatically signs and submits the purchases matching the rules the User set (and any user-defined exits: anti-rug / take-profit / stop-loss), up to the on-chain cap the User signed. LOSURIA exercises no discretion, selects no token or price, is never a counterparty to or holder of the User's funds, and the User can revoke on-chain at any time.
• Optional, user-built index baskets (labelled "ETF" in the interface): permissionless creation of fixed-weight ERC-20 token baskets, and in-kind or ETH-funded minting and redemption of basket shares (ERC-1155 tokens) directly against a single immutable, ownerless on-chain registry contract. The term "ETF" is an informal product name only and does not denote a regulated fund. This feature is currently not available in the app — see §5a.

3.3 What LOSURIA is NOT

• LOSURIA is not a regulated financial service, payment institution, money transmitter, broker, exchange, or custodian.
• LOSURIA does not provide investment advice, tax advice, legal advice, or any form of financial recommendation.
• LOSURIA does not hold User funds, fiat or otherwise.
• LOSURIA does not have, and cannot have, technical access to private keys, seed phrases, or signing material.
• The "ETF" / index-basket feature is not a regulated exchange-traded fund, investment fund, collective investment scheme, or security, and LOSURIA is not a fund manager, issuer, sponsor, or custodian in respect of any basket (see §5a).
• LOSURIA does not exercise investment discretion and does not provide portfolio, asset, or fund management.
• LOSURIA does not execute, receive, or transmit orders on behalf of clients within the meaning of Directive 2014/65/EU (MiFID II) or the German Wertpapierhandelsgesetz (WpHG). The snipe and automation features are non-discretionary software tools that automatically carry out the User's own pre-configured instructions; the User is at all times the sole principal and decision-maker.
• LOSURIA never takes title to, pools, commingles, or controls User funds or tokens; every trade settles directly between the User's own wallet and a public smart contract.

4. Self-Custody, Keys, and Recovery

1. All cryptographic keys are derived on the User's device from the passkey's WebAuthn-PRF output using HKDF-SHA256. There is no seed phrase, no master secret, and no recovery file held by the Service.
2. The Service receives only the public WebAuthn credential identifier and the User's chosen handle. It never receives, stores, or processes private key material.
3. The User may optionally enable an email-account vault: an encrypted, passkey-bound mirror of the Wallet metadata that lets the User restore access from a new device. The vault never contains a usable private key, seed phrase, or master secret; it is bound to the User's passkey and is useless without it.
4. Loss of the passkey, with no email-account vault enabled, permanently and irreversibly destroys access to the Wallet and any assets it controls. We cannot reset, restore, or recover it.
5. It is the User's sole responsibility to maintain access to the device(s) hosting their passkey and, where enabled, to their email-account vault.
6. You are the sole party with control over the Wallet, Smart Wallet, Session Keys, and all assets they hold. LOSURIA has no signing authority over your wallet and no ability to move, freeze, or recover your assets. Any automation authority you grant is limited to an on-chain spend permission with a hard cap and TTL that you set and can revoke on-chain at any time without LOSURIA's cooperation; that cap is the absolute maximum that can be drawn, and the 1% fee is taken atomically within it.

4a. Execution Modes and Session Keys (Opt-In First-Block)

Where the User automates execution — through the programmatic API or the in-app automation — the User makes a binary, explicit choice of execution mode. The User selects the mode; LOSURIA does not choose it for the User.

1. Non-custodial (default). The User's own software holds the key-derived Session Key and signs every transaction locally, on the User's own machine. LOSURIA builds the order (including the mandatory 1% fee leg), verifies the User's signature and that fee leg, and relays the signed transaction. In this mode LOSURIA never receives, holds, or can reconstruct the private key. It involves a relay hop and is therefore not first-block.
2. First-block (opt-in). To obtain first-block execution latency, the User may opt in to have LOSURIA hold — in volatile memory only, and solely for the time-to-live the User sets — an operational copy of the User's own Session Key. That key is derived deterministically on the User's own device from the User's passkey; the User can re-derive it independently at any time. The User funds their own session address (or, on Solana, wraps their own cap into their own token account) by the User's own on-chain transaction. LOSURIA then submits the purchase instructions the User pre-configured, bounded by (a) the spend cap the User set, which cannot be exceeded, and (b) the time-to-live, after which the capability lapses. The User can revoke at any time and can unilaterally recover any remaining balance by re-deriving the same key, without LOSURIA's cooperation.

Nature of the committed value (no safekeeping of client assets). Value the User commits to a first-block session is placed on-chain, by the User's own transaction, onto a key the User owns and can re-derive at will. It is a User-initiated, capped, revocable on-chain spend authorisation — economically a committed on-chain transaction the User has already authorised — and not a deposit with, or a transfer of custody to, LOSURIA. In this mode LOSURIA:

• never takes title to, pools, or exercises discretion over the value, and selects no token, amount, or price;
• cannot move any value beyond the cap the User signed, and cannot access the underlying Wallet or passkey;
• holds only an ephemeral, revocable operational key copy that lapses on TTL expiry, revocation, disarm, or a service restart; and
• leaves the User in sole, unilateral control, because the User can re-derive the identical key and withdraw at any time.

Accordingly, this feature is a non-discretionary execution tool operating on the User's own keys, and does not constitute the custody or administration of crypto-assets on behalf of clients within the meaning of Regulation (EU) 2023/1114 (MiCA), nor any deposit, e-money, or regulated safekeeping service. The User is at all times the sole principal, owner, and decision-maker.

5. Risks (mandatory acknowledgement)

By using LOSURIA, you acknowledge and accept the following:

• Market risk: Token prices fluctuate sharply. Liquidity may evaporate. You may incur partial or total loss.
• Smart-contract risk: Tokens, pools, factories, routers, and entry-point contracts may contain bugs, exploits, or backdoors. The Service interacts with public on-chain contracts (DEX routers and pools, ERC-4337 entry points, Smart-Wallet factory and implementation) that are deployed by third parties and are beyond our control.
• Counterfactual deployment risk: Smart Wallet addresses are deterministic but the underlying contract is not deployed until the first batched operation. Funds sent to a counterfactual address are recoverable only via the matching deploy + execute. If the Coinbase Smart Wallet factory or implementation contracts become unavailable, recovery may require alternative means.
• Sniping autonomy: When you arm a Session Key, your own user-authorised Session Key automatically signs and submits the transactions matching the rules you set without further confirmation, until the on-chain cap you signed is reached, the TTL expires, or you disarm. The on-chain cap you sign is the absolute maximum at risk. Worst case: the full configured cap is spent on tokens that may be worthless, illiquid, malicious, or honeypots.
• Opt-in first-block execution: If you opt in to first-block mode (see §4a), LOSURIA temporarily holds an in-memory operational copy of your own capped, time-limited Session Key so it can fire server-side. This is not fully non-custodial. The value committed is bounded by the cap you set and is recoverable by you alone through key re-derivation, but during the session an operational key copy exists outside your device. If you require that no key copy ever leaves your machine, use the non-custodial default instead.
• Anti-rug heuristic: The "anti-rug" feature monitors specific on-chain events and triggers an emergency sell when an event exceeds a configurable threshold. It is a heuristic and may produce false positives, false negatives, or fail to react in time. It is not a guarantee against loss.
• Slippage and execution risk: Submitted swaps may revert, partially fill at adverse prices, be back-run or front-run by third parties despite MEV-protection efforts, or fail to confirm.
• Network and infrastructure risk: Ethereum, Base, and other supported networks may experience outages, reorganisations, or congestion. The Service relies on self-hosted nodes that may go offline. The Service may be unavailable without notice.
• Builder-relay risk: MEV-protection relays operate independently and may include or exclude transactions at their discretion.
• Beta software: The Service is provided as alpha/beta software. Features may change, be removed, malfunction, or be temporarily disabled.
• Index-basket ("ETF") risk: The user-built index baskets carry additional risks and important regulatory clarifications — see §5a.

5a. The "ETF" Feature — User-Built Index Baskets (Important Legal Notice)

5a.1 What the feature is

The "ETF" feature lets any User permissionlessly define an index basket — a fixed list of ERC-20 tokens with fixed per-share weights — and lets any User mint or redeem basket shares (ERC-1155 tokens) either by depositing or receiving the underlying tokens in kind, or by paying ETH that the interface atomically swaps into the underlying tokens (the "buy with ETH" path). All of this occurs directly between the User's own Smart Wallet and a single, immutable, ownerless smart contract (the "Basket Registry") deployed on Ethereum mainnet. Creation and redemption are executed at a fixed, deterministic rate enforced by the contract. Baskets are created by Users, not by LOSURIA.

5a.2 What the feature is NOT (regulatory classification)

• It is not an exchange-traded fund (ETF), nor a UCITS / OGAW, nor any undertaking for collective investment in transferable securities.
• It is not an investment fund, collective investment scheme, or Investmentvermögen within the meaning of the German Kapitalanlagegesetzbuch (KAGB), nor an alternative investment fund (AIF) under the AIFM Directive.
• It is not a security, transferable security, Wertpapier, Vermögensanlage, or financial instrument within the meaning of the German Wertpapierhandelsgesetz (WpHG), the Vermögensanlagengesetz (VermAnlG), or Directive 2014/65/EU (MiFID II).
• It is not a deposit, e-money, or a regulated crypto-asset under Regulation (EU) 2023/1114 (MiCA) requiring a whitepaper or authorisation.
• There is no issuer, no fund manager (Kapitalverwaltungsgesellschaft), no depositary or custodian (Verwahrstelle), no prospectus, and no authorisation by or supervision from the German Federal Financial Supervisory Authority (BaFin) or any other competent authority.
• LOSURIA does not issue, manage, operate, sponsor, advise on, rebalance, or market any basket. LOSURIA provides only a software interface to a public smart contract and does not act as a fund manager, investment firm, broker, dealer, exchange, or intermediary in respect of any basket. Nothing in the feature constitutes investment advice, a solicitation, or a recommendation.

5a.3 How basket shares behave

A basket share is solely a claim against the smart contract for the fixed quantity of underlying tokens it represents, redeemable at any time at the contract's deterministic rate. There is no net-asset-value calculation, no manager discretion, no guaranteed redemption price, and no secondary-market guarantee. A share's value moves with — and only with — the market value of its underlying tokens, which may fall to zero. Baskets are commingled within one contract but are provably solvent per basket (creation rounds deposits up, redemption rounds payouts down); smart-contract risk nonetheless applies as set out in §5.

5a.4 Fees and additional risks

A platform fee (see §7) applies only to the ETH "buy with ETH" path; in-kind creation and redemption are free of platform fees apart from network gas. In addition to the risks in §5, you acknowledge that: a basket's underlying tokens may be illiquid, malicious, or worthless; "buy with ETH" executes market swaps subject to slippage and may revert; a basket's composition is fixed at creation and is not actively managed or rebalanced; and you are solely responsible for assessing each basket's constituents yourself. By using the feature you acknowledge that you interact with a public smart contract at your own risk and that LOSURIA is not a counterparty to, issuer of, or manager of any basket.

6. Account and Access

1. Core wallet, swap, transfer, and index-basket functions are available to any User who accepts these Terms. There is no invite code and no separate access fee.
2. Low-latency snipe execution, the launchpad, and certain other premium functions require an active on-chain subscription — the Pro plan or higher (see §6a). No subscription is required to hold a wallet, swap, transfer, or use the index-basket feature.
3. We may limit, suspend, or revoke access without notice in case of abuse, fraud, sanctions-list match, or breach of these Terms.

6a. Subscription (On-Chain, Self-Custodial)

1. Model. Premium access is sold as a recurring, self-custodial on-chain subscription with two plans. The Pro plan unlocks low-latency snipe execution and the launchpad. The Whale plan adds one governance vote, a priority-execution edge (Whale orders escalate to a higher priority-fee ceiling than Pro orders, so on a contested launch they outbid and land ahead — a software-side ordering preference, not a consensus-level or block-position guarantee) and a strictly rate-limited programmatic API to the execution engine. The price of each plan is fixed in euros (independent of any token price) and billed per 30-day period (not a calendar month).
2. Payment. The subscription is paid directly in DAI from the User's own wallet. In the same transaction, the LosuriaSubscription smart contract listed on the /audit page transfers the euro-fixed amount of DAI to the operator's immutable treasury. There is no on-chain swap and no refund: the contract pulls exactly the euro-fixed DAI amount. The Service never custodies these funds; each charge is an on-chain transfer the User authorises. The per-period price is displayed in-app before purchase. The operator can change a plan's price only within a fixed on-chain corridor of 50%–200% of its deploy-time value; any change applies only to periods purchased after it.
3. Renewal. A subscription is valid for the period paid. The User may grant a standing DAI allowance so the subscription renews automatically near the end of each period; by design the contract can only ever pull the per-period price (the plan's then-current price, bounded by the 50%–200% corridor), and only around the renewal date. To opt out of a price change, cancel or revoke the allowance before the renewal. The User may also renew manually.
4. Cancellation. The User may cancel at any time, on-chain, by calling cancel() and/or revoking the DAI allowance. Cancellation stops all future charges immediately. There is no minimum term and no lock-in. A period already paid runs until its end; the current period is not refunded pro-rata, save for mandatory consumer rights (see §15 and the Widerrufsbelehrung).
5. Complimentary access. The operator may grant complimentary plan access (for example to partners) at its discretion. Complimentary access confers no payment claim and may be time-limited or revoked.

7. Fees Other than Access Fees

• Platform fee: Up to 1% of the swap amount may be deducted by the Service on each swap — taken on the input or the output side of the trade, settled per chain in one collection asset (Ethereum: DAI; Base: WETH; Solana: wSOL) — configurable by the operator and disclosed in-app at quote time. A buy and a later sell are each separate swaps, so a round-trip may incur the fee on each leg. Active since June 2026; the platform-fee leg is an on-chain transfer inside the same transaction to the per-chain fee-collection address listed on the /audit page. The platform fee is independent of the subscription (§6a) and applies whether or not the User holds a subscription.
• Transfer fee: Native-asset sends carry a 0.05% platform fee, disclosed in the send form before signing: ETH sent from your Wallet, SOL, BTC and MON. On Bitcoin the fee has a 546-satoshi minimum (the network's dust limit — smaller outputs cannot exist). Token transfers (ERC-20, SPL) and receives carry no platform fee. Network gas remains separate.
• Network gas fees: Paid by the User to the underlying blockchain validators. The Service does not subsidise gas.
• DEX and on-chain fees: Pool, router, and any other on-chain protocol fees (e.g. Uniswap V3 LP fees) are paid by the User to the respective protocol.

7a. Affiliates and Referral Partners

Affiliates and referral partners may promote access to the LOSURIA software only. They must not give buy/sell or token recommendations, must not promote the LSR token or any specific crypto-asset, must not make return or profit claims, and must clearly disclose the paid affiliate relationship (e.g. #Werbung / "affiliate"). Affiliate rewards are a share of subscription revenue, not tied to trading volume.

8. Restricted Jurisdictions and Sanctions Compliance

You may not use the Service if you are located in, a citizen of, ordinarily resident in, or accessing from any of the following jurisdictions:

• Countries or regions subject to comprehensive sanctions by the European Union, the United Nations, the United Kingdom, or the United States Office of Foreign Assets Control (OFAC), including but not limited to: Iran, North Korea (DPRK), Cuba, Syria, the Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine, Russia, Belarus.
• Any jurisdiction where use of the Service or holding/trading the relevant tokens is illegal.

You confirm you are not on any consolidated sanctions list of the EU, UN, UK, or OFAC, and that you are not acting on behalf of any sanctioned person or entity. We may screen on-chain addresses against sanctions lists and refuse service to addresses that match.

9. User Obligations

You agree:

• To use the Service only for lawful purposes and in compliance with all laws of your jurisdiction.
• That you are solely responsible for any tax obligations arising from your use of the Service, including capital-gains tax, income tax, VAT, and any reporting obligations.
• Not to use the Service to launder funds, finance terrorism, or evade sanctions.
• Not to interfere with, reverse-engineer for malicious purposes, attack, or attempt to compromise the Service, its infrastructure, or other users.
• Not to misuse the snipe automation to manipulate markets, engage in wash trading, or commit fraud.
• To keep your passkey, device, and any email-account vault secure.

10. Beta Software, "AS IS", and No Warranty

The Service is provided "AS IS" and "AS AVAILABLE" without warranty of any kind, express or implied, including without limitation any implied warranties of merchantability, fitness for a particular purpose, non-infringement, accuracy, reliability, security, uninterrupted availability, or freedom from defects, except where such limitations are not permitted by mandatory law in your jurisdiction.

11. Limitation of Liability

To the maximum extent permitted by applicable law:

• The operator, its affiliates, contractors, and contributors will not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or any loss of profits, revenue, data, or goodwill, arising out of or related to your use of the Service.
• The total aggregate liability of the operator under these Terms, regardless of the cause of action, will not exceed the lesser of (a) the subscription fees you have actually paid in the twelve months preceding the event giving rise to liability, or (b) one thousand euros (EUR 1,000).
• The above limitations do not apply to liability arising from intentional misconduct, gross negligence, fraud, or any liability that cannot be excluded under mandatory consumer-protection law (including German Produkthaftungsgesetz, BGB §§309–310, and consumer-protection rules under the Verbraucherrechte-Richtlinie).

12. Indemnification

You will indemnify and hold harmless the operator and its affiliates from any claim, damage, loss, liability, cost, and expense (including reasonable legal fees) arising from (a) your breach of these Terms, (b) your violation of any law or third-party right, or (c) your misuse of the Service, including unauthorised access automation or sanctions violations.

13. Intellectual Property

The Service software, smart contracts, and platform code, together with the LOSURIA name, logo, and marketing copy, are the intellectual property of the operator, Negentralgorhythms LLC (a Wyoming limited liability company, single-member, manager-managed), as identified in the Impressum, and are protected by copyright, trademark, and other laws. Commercial usage rights, including operation and distribution of the Service, are vested in the operator. Open-source components used in the Service are governed by their respective licences.

14. Termination, Suspension, and Force Majeure

1. You may stop using the Service at any time. Persistence of on-chain state (Smart Wallets, transactions, balances) is unaffected.
2. We may suspend or terminate your access to the Service at our discretion, without notice, in case of suspected fraud, sanctions match, breach of these Terms, security risk, or service shutdown.
3. We are not liable for any unavailability or delay caused by events beyond our reasonable control, including network outages, blockchain reorganisations, denial-of-service attacks, regulatory action, infrastructure provider failure, or force majeure.

15. Consumer Protection (EU Users)

If you are a consumer resident in the European Union, nothing in these Terms limits your statutory rights under EU consumer-protection law. You may raise disputes with the European Commission's Online Dispute Resolution platform at ec.europa.eu/consumers/odr. We are not obliged and not willing to participate in dispute-resolution proceedings before a consumer arbitration board.

15a. Subscription Cancellation and No Lock-In (Global)

Independent of the EU consumer-withdrawal regime in clause 15 and the digital-content carve-out in the Widerrufsbelehrung, and regardless of residence:

• Every subscription is cancellable at any time on-chain, with no minimum term and no lock-in. Cancellation takes effect immediately for all future periods (see §6a.4). The User does not need our cooperation to cancel: revoking the on-chain DAI allowance is sufficient to stop every future charge.
• The operator cannot reprice a tier outside the on-chain 50%–200% corridor of its deploy-time price, and cannot charge more than the fixed per-period price in any period. Any price change applies only to periods the User purchases after the change.
• This right is independent of mandatory consumer-protection rules in clauses 15 and 18.3; whichever rule gives the User the greater protection prevails.

16. Privacy and Data Protection

Our collection, processing, and storage of personal data is described in the Privacy Policy, which forms an integral part of these Terms.

17. Modifications

We may update these Terms from time to time. The effective date at the top of this page reflects the most recent revision. Material changes will be announced on losuria.com at least 14 days before they take effect, where reasonably feasible. Continued use of the Service after the effective date constitutes acceptance.

18. Governing Law and Jurisdiction

1. These Terms are governed by the laws of the Federal Republic of Germany, excluding the UN Convention on Contracts for the International Sale of Goods (CISG).
2. The exclusive place of jurisdiction for all disputes arising from or in connection with these Terms is, to the extent permitted by law, the seat of the operator (see Impressum).
3. Mandatory consumer-protection rules of the User's jurisdiction of habitual residence remain unaffected.

19. Severability and Entire Agreement

1. If any provision of these Terms is held to be invalid or unenforceable, the remaining provisions remain in full force.
2. These Terms, together with the Privacy Policy and the Imprint, constitute the entire agreement between you and the operator regarding the Service.

20. Notices

Notices: contact@losuria.com

For data-subject requests under the GDPR, see the Privacy Policy.

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