Terms of Use.

Effective: 2026-08-21 · Version 1.7 · Governing law: Federal Republic of Germany

1. Definitions

• "LOSURIA", "Service", "we", "our" — the self-custody-first multichain wallet software with an owner-controlled standard wallet, accessible via app.losuria.com and the marketing site at losuria.com, operated by the entity named in the Imprint (Impressum). The current signed-order path and the historical first-block transition are described in § 4a.
• "You", "User" — any natural or legal person accessing the Service.
• "Wallet" — the User's externally owned account (EOA), whose owner key is derived on the User's device and controls assets on supported blockchains.
• "Legacy Smart Wallet" — a smart-contract wallet whose owner is the User's Wallet. Some recovery and contract-specific paths continue to support previously used Smart Wallets; they are not the primary Wallet or the legacy allowance-based automation model.
• "Signed Authorisation" — an EIP-712 message the User signs that names every term which can move value: the token, the input amount, the minimum output that must arrive at the User's own address, the ceiling a relayer may retain for gas, and the window in which it is valid. An immutable on-chain executor verifies it before any transfer.
• "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 self-custody-first wallet application with an owner-controlled standard wallet, a route-aware swap interface, and a trading-automation tool delivered as a Progressive Web App. The current release supports wallet, swap and documented automation operations on Ethereum mainnet, Base, Solana and Monad, plus native Bitcoin receiving and sending where the app marks the route available. It also provides an owner-signed canonical ETH bridge between Ethereum and Base in the app; no third-party site or liquidity route is used, and Base withdrawals may require the canonical prove/finalize challenge-window steps. New ETH-to-native-BTC bridge execution remains outside the current release. The Launchpad supports owner-signed token creation on supported chains where the app marks the chain available. The User selects the launch parameters, pays the displayed network and platform costs, and remains solely responsible for the token and its launch. Monad automated sniping uses an order signed by the User and relayed through an immutable on-chain executor; the current path does not receive or hold the User's signing key. Manual Monad actions may use the endpoint shown in the app. Current first-block execution is likewise based on an authorisation signed by the User; no server-held signing key is used.

3.2 Features

• Wallet creation and signing using WebAuthn passkeys (Face ID, Touch ID, Windows Hello, hardware security keys). For current Wallets, the browser generates a random master seed and uses the passkey's private WebAuthn-PRF output to protect it; the Wallet owner key is derived from that seed only on the User's device. Legacy Wallets may use direct PRF derivation. There is no seed phrase or Service-held recovery file.
• Native and ERC-20 token transfers via standard EOA-signed transactions. Where a legacy Smart Wallet is explicitly selected or recovered, its contract operations use an EOA-authorised call.
• Token swaps routed on-chain through a supported quoting venue (supported external venues and the LOSURIA DEX). The selected route is shown before signing; LOSURIA does not promise a global best-price result across every venue and block state. Supported Ethereum submissions use protected private MEV-relay execution without a public-mempool fallback.
• Optional, opt-in algorithmic snipe execution: the User signs one authorisation per purchase, naming the token, input amount, minimum output, recipient, fee ceilings and validity windows. LOSURIA's watcher may submit only that signature when the User's conditions are met. On EVM networks, the app may ask for a reusable wrapped-native-token allowance to the immutable executor so several pending orders do not overwrite one another. That allowance alone cannot move value: the executor requires a valid Owner signature for the exact order, accepts entry submission only from its immutable relayer or the Owner, enforces replay protection, and has no generic withdrawal function. The User can revoke the allowance on-chain, which may disable every unfilled order depending on it. A fill without an exit plan transfers the purchased token to the signed recipient. If the User pre-signs fixed or ladder exits, the purchased token remains in isolated executor accounting until the signed trigger executes or the Owner calls on-chain recovery. LOSURIA exercises no investment discretion, selects neither token nor price, and cannot redirect the position or expand the signed terms.
• Index baskets, basket shares, and any feature formerly labelled "ETF" are not offered by the current Service. No basket builder, minting, redemption, or basket trading route is available.

3.3 What LOSURIA is NOT

• LOSURIA is offered as self-custody-first software with an owner-controlled standard wallet, not as a bank, payment account, broker account, or custodial exchange. First-block execution uses the signed-authorisation boundary described in § 4a. This factual product description is not a representation that the regulatory classification of every feature is legally settled; classification depends on the actual operational flow and applicable law.
• 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.
• For current execution, LOSURIA never receives the Wallet owner key, seed phrase, passkey secret, master secret, or a new operational key of the User's. Automation runs on authorisations the User signed, as described in §4a.
• LOSURIA does not offer an index-basket, basket-share, or "ETF" feature. No legal or regulatory classification of such a non-offered feature is implied by these Terms.
• LOSURIA does not exercise investment discretion and does not provide portfolio, asset, or fund management.
• LOSURIA does not exercise investment discretion: the User selects the asset, amount, trigger, limits, and duration. The backend may receive those pre-configured instructions and build, verify or relay transactions the User signed, as described in §4a; it operates no key of the User's. Whether a particular operational flow constitutes a regulated crypto-asset or financial service is determined by mandatory law, not by a label in these Terms.
• 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. For current Wallets, a random 32-byte master seed is generated on the User's device, protected with the passkey's private WebAuthn-PRF output, and used with HKDF-SHA256 to derive the Wallet owner key. Legacy Wallets may derive directly from PRF output. There is no seed phrase and no unencrypted master secret or recovery file held by the Service.
2. The Service never receives or persists the Wallet owner key, passkey secret, seed phrase, master secret, or a new operational key for current execution. Value-moving execution uses the User's signed authorisation.
3. The User may optionally create a username-based Zero-Knowledge account vault. The passphrase is processed locally with Argon2id and is never sent to or stored by LOSURIA; the Service receives only a derived login value, stores a salted verifier, and stores the client-side encrypted vault ciphertext. Separately, current clients store master-seed envelopes encrypted under private WebAuthn-PRF output for enrolled credentials. Public credential identifiers are not accepted as wrapping keys for new writes. A legacy compatibility envelope created before 1 August 2026 may have used credential-identifier material; it is rewrapped and its superseded ciphertext physically removed on the next successful PRF-capable login. Until that migration, such a legacy envelope does not provide the same server-inaccessibility guarantee as a PRF-only envelope.
4. The account vault restores encrypted product data and the Wallet roster; by itself it does not restore signing authority. Signing recovery requires a synced or enrolled passkey capable of opening the corresponding encrypted master-seed envelope, or an independent key backup/export the User created. Loss of every relevant passkey and every independent key backup permanently and irreversibly destroys access to the Wallet and its assets. We cannot reset or reconstruct the Wallet owner key.
5. It is the User's sole responsibility to maintain access to the device(s) hosting their passkey, any independent key backup, and, where enabled, the username and passphrase for the Zero-Knowledge account vault.
6. You remain the sole owner of the Wallet, any legacy Smart Wallet, and the assets they control. LOSURIA has no Wallet-owner signing authority. Each current automation is bounded by the token, input, recipient, output floor, fees and windows in the authorisation you signed. An EVM wrapped-native allowance to the immutable executor may remain reusable until you revoke it, but it cannot replace or enlarge those individual signatures.

4a. Execution Modes

Where the User automates execution — through the programmatic API or the in-app automation — the User signs every order. The User selects the mode and every trading rule; LOSURIA does not choose them.

1. Signed order (default, and the only path for EVM automation). The User signs one authorisation covering the entire purchase — token, input amount, the minimum output that must arrive at the User's own address, the maximum a relayer may retain for gas, and the window in which it is valid — which an immutable on-chain executor verifies. The purchased tokens settle directly to the User's own wallet. On this current path, LOSURIA holds no Wallet owner key of the User; the submitter's only remaining discretion is which block to attempt. Exits (take-profit, stop-loss, trailing) are signed the same way, in advance, by the User.
2. Locally signed relay. The User's own software signs each transaction locally. LOSURIA may build the order, verify its signature and the mandatory fee invariant, and relay it. The Service never receives the private key in this mode. On Solana this is the only execution path: a purchase there cannot be authorised before the pool exists, so it costs the first block and the Service says so wherever it is offered.

Current execution is non-custodial. The Service does not retain a Wallet owner key and does not persist the raw API credential. When you use the programmatic API, LOSURIA receives the bearer credential in the HTTPS request to authenticate that request; it is not a Wallet signing key and cannot replace your owner signature. There is no current path that creates or arms a new operational key for you. Every order names its own token, input, output floor, recipient, fee ceilings and validity windows. An EVM wrapped-native allowance to the immutable executor may remain reusable, but the executor cannot use it without a matching Owner-signed order and cannot pull more than that order names. You can cancel an order on-chain or revoke the executor allowance without LOSURIA; revoking the shared allowance can also stop other pending EVM orders that rely on it.

Nature of the committed value (no operator safekeeping of client assets). Before an EVM entry fill, the wrapped-native input remains in the User's account under the allowance described above. A fill with no exit plan delivers the purchased token directly to the signed recipient. When fixed or ladder exits are pre-signed, the immutable executor holds the purchased token in per-order isolated accounting until an authorised exit or Owner recovery; it is not deposited in an account controlled by LOSURIA. LOSURIA:

• never takes title to, pools, or exercises discretion over the value, and selects no token, amount, or price;
• cannot draw from the Wallet without a valid Owner-signed order or beyond the amount and recipient in that order, and cannot access the Wallet owner key or passkey;
• does not retain a Wallet owner key or persist the raw API credential for current execution; and
• leaves unilateral on-chain control with the User: the Owner can cancel a signed order and recover an open position, or revoke the executor allowance to stop every unfilled order that depends on it.

These controls describe the technical custody boundary: the current execution path receives no Wallet-owner key, uses no server-held signing key, and takes no title to the committed assets. These facts do not by themselves determine the regulatory classification of the execution or order-routing activity under Regulation (EU) 2023/1114 (MiCA), MiFID II, or national law. The User remains the sole investment 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, automation executors, bridges and, for explicitly used legacy Smart Wallets, account-abstraction contracts may contain bugs, exploits, or backdoors. These public contracts may be deployed by third parties and are beyond our control.
• Legacy counterfactual-wallet risk: A legacy Smart Wallet address may be deterministic before its contract is deployed. Funds sent there may require the matching factory deployment and execution path for recovery. This risk concerns legacy Smart-Wallet use, not the primary EOA Wallet or current signed-order model.
• Sniping autonomy: An order you signed is submitted without further confirmation when the pool you named meets the signed conditions, up to the input amount and within the windows in that signature. Each signature is an independent amount at risk; several live signatures can therefore be spent cumulatively. A reusable EVM allowance does not increase the amount authorised by those signatures. Worst case: every live signed amount is spent on tokens that may be worthless, illiquid, malicious, or honeypots.
• First-block execution: The watcher submits the signature you gave it when the pool meets its conditions. The current path holds no Wallet-owner key: a different token, larger input or other recipient would require another signature. The EVM allowance is a reusable transport permission to the immutable executor, not a substitute for that signature.
• Anti-rug heuristic: The "anti-rug" feature monitors specific on-chain events and checks the owner-signed stop-loss authorisation attached to the position. If that authorisation is valid and its own on-chain condition is met, the relayer may submit it; without such an authorisation LOSURIA sends an alert but never substitutes a server-held signing key. The heuristic 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.
• Relay risk: Private MEV-protection relays operate independently and may include or exclude transactions at their discretion.
• Feature-specific rollout: Only features explicitly marked as rollout, preview, or beta in the Service carry that status. Those marked features may change, be removed, malfunction, or be temporarily disabled; the status of one feature does not classify the entire Service.

6. Account and Access

1. Core wallet, swap, and transfer functions are available to any User who accepts these Terms. There is no invite code and no separate access fee for those core functions. Index baskets, basket shares, and any former "ETF" feature are not part of the current Service.
2. Low-latency snipe execution, grids, and the plan-specific API and Intelligence allowances require an active on-chain subscription — the Pro plan or higher (see §6a). No subscription is required to hold a wallet, swap, transfer, recover an existing historical launch, or create a token through the Launchpad. Launchpad availability and chain-specific costs are shown in the app before signing.
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, up to three concurrent grids and the Intelligence data API with 2,000 Intelligence requests per UTC day. The Whale plan raises those limits to 20 concurrent grids and 20,000 Intelligence requests per UTC day and adds the strictly rate-limited programmatic trading API. Intelligence serves structured market and launch facts plus the caller's own usage meter and cannot execute anything. Reading your own usage does not count against that allowance, and the allowance is measured separately from the anti-abuse rate limit. No plan promises a privileged block position or a higher gas ceiling: each owner-signed order sets its own final gas limit. 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 treasury share of the euro-fixed DAI charge to the immutable treasury and, for an attributed subscription, holds the disclosed KOL share as that KOL's on-chain claim. The operator cannot withdraw an outstanding KOL claim. There is no on-chain swap and the contract cannot automatically reverse a completed charge; mandatory statutory refunds are handled separately in DAI. The operator can change a plan's price only within a fixed on-chain corridor of 50%–200% of its deploy-time value.
3. Renewal and price lock. The euro price per period is locked for an active subscriber while renewing the same plan. A changed plan price applies to a new subscription, an expired subscription, or a plan upgrade/downgrade. The current app requires the User to initiate renewal and caps each DAI approval at the verified charge plus a 1% FX-update margin; it does not leave enough app-created allowance for another period. The immutable contract technically permits a third party to trigger one locked-price renewal only inside its three-day window around expiry if the User separately grants a sufficient allowance. No automatic-renewal service is promised.
4. Cancellation. Calling cancel() deletes the active subscription on-chain and ends premium access immediately. It also prevents future charges, but the unused part of the current period is not automatically or pro-rata refunded, save for mandatory consumer rights (see §15 and the Widerrufsbelehrung). Revoking only the DAI allowance has a different effect: it prevents a third party from triggering renewal while current paid access remains active until expiry. There is no minimum term and no lock-in.
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: Each swap execution charges the fixed 1% disclosed in-app; there is no fiat-denominated minimum and no operator-controlled rate switch. On an external EVM buy, the immutable Swap Forwarder takes 1% of the wrapped-native input; on an external EVM sell it takes 1% of the wrapped-native output. On the LOSURIA DEX, each pool hop takes 1% of that hop's input inside the pair, and the router quote already includes it. Solana execution takes 1% of the signed gross input in the same atomic transaction and swaps the remaining 99%. A buy and a later sell are separate executions and each can incur the fee. Network and third-party pool fees are additional. The platform fee is independent of the subscription (§6a).
• 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.
• Historical ETH-to-Bitcoin bridge transactions: New ETH-to-native-BTC bridge execution is not accepted in the current release. Where a transaction was previously submitted through the retired third-party route, its separately confirmed 0.05% platform-fee transaction and the independent protocol and network fees remain final under the rules shown before that transaction was signed.
• Network gas fees: Paid economically by the User to the underlying blockchain validators. For an automated EVM order, the relay first pays the on-chain gas and is reimbursed at execution from the signed input amount or exit proceeds. The reimbursement follows the estimated network cost and cannot exceed the ceiling fixed in the User's signature: at most 10% of the entry amount and, where automated exits are authorised, at most 10% of that amount in total across all exits. Any unused ceiling is not charged. This reimbursement is not a Platform fee.
• DEX and on-chain fees: Pool, router, and any other on-chain protocol fees (e.g. external venue 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, any independent key backup, and any Zero-Knowledge account-vault passphrase secure.

10. Feature Rollouts, "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 operator, Negentralgorhythms LLC, as identified in the Impressum, owns or has the right to use the Service software, smart contracts, platform code, original artwork, logo elements and editorial copy. Those materials may be protected by copyright, trademark, unfair-competition, and other applicable 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. Nothing in these Terms grants users a licence to copy or commercially exploit LOSURIA's own branding or proprietary materials beyond using the Service as intended.

14. Termination, Suspension, and Force Majeure

1. You may stop using the Service at any time. Persistence of on-chain state (Wallet and legacy Smart-Wallet transactions, allowances, positions, and 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. The former European Commission Online Dispute Resolution platform was discontinued on 20 July 2025. 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. Calling cancel() ends current access immediately. The current app initiates no automatic future charge and leaves no full-period renewal allowance after a payment.
• The operator cannot reprice a tier outside the on-chain 50%–200% corridor of its deploy-time price. An active same-plan subscriber retains the locked euro price per period; a changed price applies only after expiry or a plan change, or to a new subscriber.
• 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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