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VIRTUS Protocol — Legal Disclaimer

Effective Date: May 27, 2026

Risk Warning: Crypto-assets are highly volatile and unregulated in most jurisdictions. You may lose all of the funds you commit. Do not participate unless you are prepared to lose the entirety of your committed funds. Interacting with decentralized protocols carries significant risk and you should not expect to be protected if something goes wrong. Take time to understand the risks before committing any funds.

Important Notice​

Please read this Legal Disclaimer carefully before accessing or using https://app.virtus-protocol.com/, https://liquidity.virtus-protocol.com or any website mirrors. All products, features, interfaces, smart contracts, documentation, and tools made available through the Website are referred to as the "Services."

Definitions. For the purposes of this Legal Disclaimer, the term "Operator" refers collectively to the open-source contributors and developers who maintain the VIRTUS Protocol interface. The "Protocol" refers to the set of immutable smart contracts deployed on Base Mainnet that operate autonomously and independently of any Operator. Definitions of additional protocol-specific terms are available in the VIRTUS Protocol Glossary.

This Legal Disclaimer is entered into by and between the Website user ("You", "Your") and the VIRTUS Protocol Operator as defined above. This Legal Disclaimer explains the terms and conditions under which You may access and use the Services.

BY USING THE WEBSITE AND CLICKING PAST THIS LEGAL DISCLAIMER PAGE, YOU CONFIRM THAT YOU ACCEPT THIS LEGAL DISCLAIMER, THE PRIVACY POLICY, AND THE TERMS OF SERVICE, AND AGREE TO COMPLY WITH THE REQUIREMENTS OF VIRTUS PROTOCOL AND ITS INTEGRATED PARTNERS, INCLUDING BUT NOT LIMITED TO:

If You do not agree, You must not access or use the Website or the Services.

NOTICE: THIS AGREEMENT CONTAINS IMPORTANT INFORMATION, INCLUDING A BINDING ARBITRATION PROVISION AND A CLASS ACTION WAIVER, BOTH OF WHICH AFFECT YOUR RIGHTS AS TO HOW DISPUTES ARE RESOLVED. THE SERVICES AND THE WEBSITE ARE AVAILABLE TO YOU ONLY IF YOU FULLY AND UNCONDITIONALLY AGREE TO THESE TERMS.

1. Non-Custodial Decentralized Protocol​

1.1 You acknowledge and agree that VIRTUS Protocol is a non-custodial decentralized protocol. The Operator does not hold, control, manage, or custody user funds or digital assets, and does not have access to users' private keys or wallets. All interactions with the Services are executed directly by users via self-custodied wallets on public blockchain networks.

1.2 Nothing on the Website or within the Services constitutes investment advice, financial advice, legal advice, tax advice, or a recommendation to acquire, hold, or dispose of any digital asset. The Services do not constitute an offer or solicitation of securities, financial instruments, or regulated digital assets within the meaning of any applicable law, including but not limited to: Regulation (EU) 2023/1114 (Markets in Crypto-Assets Regulation — MiCA); the U.S. Securities Act of 1933; the U.S. Commodity Exchange Act; the U.K. Financial Services and Markets Act 2000; or equivalent regulations of any other jurisdiction.

1.3 Token Classification and Equity Disclosure. VRT and veVRT are protocol participation tokens. They do not represent equity, debt, profit-participation rights, or any ownership interest in any legal entity. No equity shares, stock options, SAFTs, SAFEs, convertible notes, or any other equity-like instruments have been issued to any party. The VRT/veVRT token system represents the exclusive mechanism by which protocol participants may interact with protocol fee distributions and governance. There are no parallel equity claims, revenue-sharing agreements, or side arrangements that grant economic rights outside the VRT/veVRT token system. No venture capital investment, private equity funding, or institutional fundraising has been conducted at any time.

2. User Representations and Warranties​

2.1 By accessing or using the Services, You represent and warrant that:

(a) You are of legal age to form a binding contract in Your jurisdiction of residence and in no event under the age of 18;

(b) You have not been previously suspended or removed from using the Services;

(c) You have full power and authority to enter into this agreement with the Operator, and that doing so does not violate any other agreement to which You are a party;

(d) You will fully comply with all applicable laws and regulations, including those relating to digital assets and blockchain technologies;

(e) You will not access or use any of the Services or the Website to conduct, promote, or otherwise facilitate any illegal, unlawful, or prohibited activity.

2.2 If You are using the Services on behalf of a legal entity, You further represent and warrant that:

(a) Such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; and

(b) You are duly authorized by such legal entity to act on its behalf.

3. The Services​

3.1 The Website and the Services provide a web- or mobile-based means of access to a decentralized protocol deployed on Base Mainnet, an Ethereum Layer 2 network, that allows users to interact with and trade certain compatible digital assets (the "Protocol").

3.2 The Website and the Services are distinct from the Protocol and represent one, but not the exclusive, means of accessing the Protocol. The Protocol itself consists of self-executing smart contracts deployed on public blockchains. The Operator does not control, manage, or operate the Protocol. It is not possible for any party to control or operate the immutable smart contracts that comprise the core functionality of the Protocol.

3.3 By using the Website or the Services, You acknowledge and understand that You are not buying or selling digital assets from the Operator; the Operator does not operate or manage any liquidity pools on the Protocol, nor does the Operator control trade execution on the Protocol; where applicable, trading fees are distributed to voters and/or liquidity providers in accordance with the Protocol's rules; the Operator is not a liquidity provider to the Protocol's liquidity pools; and all liquidity providers are independent third parties.

3.4 To access the Services, You must use non-custodial wallet software that enables interaction with public blockchain networks. Your relationship with any such non-custodial wallet provider is governed solely by the applicable terms of service of that provider. The Operator does not have custody or control over the contents of Your wallet and has no ability to access, retrieve, transfer, or manage digital assets held therein. By connecting Your wallet to the Services, You agree to be bound by this Agreement and all terms incorporated herein by reference.

4. Information Published Is Not Advice​

4.1 The information provided on the Website is for informational purposes only and does not constitute investment advice, financial advice, legal advice, regulatory advice, accounting advice, tax advice, or any similar professional advice. You should not treat any content on the Website as such.

4.2 Nothing on the Website shall be construed as a recommendation, endorsement, or solicitation by the Operator, the Operator's affiliates, or any third party to acquire or dispose of any digital asset, or to engage in any investment strategy or transaction. You are solely responsible for assessing the merits and risks of any activity and should consult your own legal, financial, tax, or other professional advisers regarding your specific circumstances.

4.3 The Operator provides the Website as a technical interface made available to the public and expressly disclaims all liability for any damages or losses of any kind arising from the use of, reference to, or reliance on information contained on the Website. While information on the Website may be updated from time to time, no representation or warranty is made that such information is accurate, complete, or current at all times.

5. Usage Restrictions​

5.1 By accessing or using the Website or the Services, You confirm and agree that:

(a) You are not currently residing in, a citizen or national of, incorporated in, or otherwise subject to the jurisdiction of any of the following Restricted Territories:

Sanctioned Countries: Afghanistan, Belarus, Cuba, North Korea, Iran, Myanmar (Burma), Russia, Syria, Venezuela, Zimbabwe.

Embargoed Regions: Crimea and Sevastopol, so-called Donetsk People's Republic (Donetsk region), so-called Luhansk People's Republic (Luhansk region), Abkhazia, South Ossetia, Northern Cyprus.

Other Restricted Jurisdictions: People's Republic of China, United States of America and all its territories, United Kingdom, United Arab Emirates (UAE), Singapore.

High-Risk Jurisdictions: Angola, Bosnia and Herzegovina, Burundi, Central African Republic, Democratic Republic of Congo, Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iraq, Ivory Coast (Côte d'Ivoire), Lebanon, Liberia, Libya, Mali, Moldova, Montenegro, Nicaragua, Niger, Serbia, Somalia, Somaliland, South Sudan, Sudan, Tunisia, Turkey, Yemen.

Any other jurisdiction subject to sanctions, embargoes, or restrictive measures administered or enforced by applicable governmental authorities.

(b) Your access to and use of the Website and the Services is lawful in Your country of residence and complies with all applicable local laws and regulations governing the manner in which You access and use them.

6. Prohibited Persons​

6.1 You must not be a Prohibited Person to use the Services. A "Prohibited Person" means any person or entity that:

(a) Is listed on any government list of prohibited or restricted parties, including the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) Specially Designated Nationals List, the U.S. Department of Commerce Denied Persons List or Entity List, the European Union Consolidated Financial Sanctions List, the United Kingdom Consolidated List of Financial Sanctions Targets, the United Nations Security Council Consolidated Sanctions List, or any equivalent list of any jurisdiction;

(b) Is located in, resident in, organized under the laws of, or otherwise subject to the jurisdiction of any country subject to embargoes or designated as a sanctioned or terrorist-supporting country;

(c) Is a citizen of, resident of, or organized in any of the Restricted Territories listed in Section 5.1;

(d) Is otherwise a person or entity with whom the Operator is prohibited from dealing under the laws or regulations of any applicable jurisdiction; or

(e) Is owned or controlled, directly or indirectly (50% or more), by any person or entity described in clauses (a) through (d).

6.2 The Operator may use technical and compliance measures, including IP-based geofencing, blockchain analytics, or similar tools, to enforce these restrictions. By accessing or using the Services, You represent and warrant that You are not a Prohibited Person.

6.3 You acknowledge and agree that You are solely responsible for complying with all applicable laws and regulations of the jurisdiction from which You access or use the Services. By using the Services, You represent and warrant that You meet the foregoing eligibility requirements and that You will not use the Services for any unlawful purpose or to engage in any prohibited activity.

6.4 The Operator may require You to provide additional information or documentation relating to Your use of the Services where required by applicable law or regulation, including laws relating to anti-money laundering or counter-terrorist financing, or where the Operator has reasonable grounds to believe that Your wallet is being used for money laundering or any other illegal activity, or You have provided false, misleading, or incomplete identification information or other material details.

7. Right to Use the Services​

7.1 You are authorized to use the Services for Your personal, non-commercial purposes, provided that You comply with these Terms. If the Operator distributes any software, content, or other materials owned or controlled by the Operator as part of Your use of the Services, the Operator grants You a personal, non-assignable, non-sublicensable, non-transferable, and non-exclusive right to access and display such software, content, and materials solely for the purpose of using the Services as permitted by these Terms.

7.2 Your access to and use of the Services may be interrupted from time to time for various reasons, including equipment malfunction, periodic updates, maintenance or repairs, or other actions that the Operator may undertake at its sole discretion.

8. Restrictions on Your Use of the Services​

8.1 You may not engage in any of the following activities without the Operator's prior written permission, except where expressly permitted by applicable law:

(a) Downloading, modifying, copying, distributing, transmitting, displaying, performing, reproducing, publishing, licensing, creating derivative works from, or selling any information, software, or materials obtained from the Services, except for temporary files cached by Your web browser or as expressly permitted by these Terms;

(b) Decompiling, reverse engineering, disassembling, decoding, or otherwise attempting to derive the source code or underlying structure of the Services;

(c) Removing, altering, or obscuring any copyright, trademark, or other proprietary notices displayed on or through the Services;

(d) Using unauthorized software, scripts, or third-party tools, including bots, hacks, exploits, or mods, in connection with the Services;

(e) Using the Services for commercial purposes, including advertising, solicitation, or offering goods or services, unless expressly authorized by the Operator;

(f) Using the Services in any manner that could disable, overburden, damage, or disrupt the Services or interfere with any other party's use of the Services;

(g) Attempting to gain unauthorized access to the Services, user accounts, servers, networks, or related systems;

(h) Circumventing, bypassing, disabling, or otherwise interfering with security features, access controls, or content protection mechanisms of the Services;

(i) Using automated means, including scraping, crawling, or data-mining tools, to access, extract, or collect data from the Services;

(j) Introducing viruses, malware, worms, logic bombs, or other harmful or malicious code into the Services or related systems;

(k) Submitting, uploading, or posting any content that is unlawful, defamatory, obscene, abusive, fraudulent, or otherwise objectionable;

(l) Violating any applicable laws, regulations, or legal obligations in connection with Your use of the Services; or

(m) Using the Services in any manner not expressly permitted by these Terms.

9. Prohibited Activities​

9.1 You agree not to engage in, or attempt to engage in, any of the following prohibited activities in relation to Your use of the Services or Website:

Intellectual Property Infringement: Activity that infringes on or violates any copyright, trademark, service mark, patent, right of publicity, right of privacy, or other proprietary or intellectual property rights under the law.

Cyberattack: Activity that seeks to interfere with or compromise the integrity, security, or proper functioning of any computer, server, network, personal device, or other information technology system, including but not limited to the deployment of viruses and denial-of-service attacks.

Fraud and Misrepresentation: Activity that seeks to defraud the Operator or any other person or entity, including but not limited to providing any false, inaccurate, or misleading information in order to unlawfully obtain the property of another.

Market Manipulation: Activity that violates any applicable law, rule, or regulation concerning the integrity of trading markets, including but not limited to the manipulative tactics commonly known as "rug pulls", pumping and dumping, and wash trading.

Securities and Derivatives Violations: Activity that violates any applicable law, rule, or regulation concerning the trading of securities or derivatives, including but not limited to the unregistered offering of securities and the offering of leveraged and margined commodity products in violation of applicable law.

Sale of Stolen Property: Buying, selling, or transferring of stolen items, fraudulently obtained items, items taken without authorization, and/or any other illegally obtained items.

Data Mining or Scraping: Activity that involves data mining, robots, scraping, or similar data gathering or extraction methods of content or information from any of the Services.

Any Other Unlawful Conduct: Activity that violates any applicable law, rule, or regulation of any relevant jurisdiction.

10. Usage Risks​

10.1 The Website shall not be responsible for any losses, damages, or claims arising from events including but not limited to: mistakes made by the user (for example, payments sent to incorrect addresses), software issues affecting the Website or any related software or service (including malware or insecure cryptographic libraries), technical failures (such as malfunctioning hardware wallets), security issues experienced by the user (including unauthorized access to wallets), or actions or omissions of third parties (including bankruptcy of service providers, information security breaches affecting service providers, or fraud committed by third parties).

10.2 To access the Website or certain resources made available through it, You may be required to provide an Ethereum wallet address (the "Wallet"). The Website does not collect or store Wallet addresses.

10.3 By using the Website and the Services, You may access and interact with smart contracts that enable peer-to-peer transactions using digital assets. The Operator does not control, operate, or manage any such smart contracts and assumes no liability or responsibility for the outcome of any interactions with them. All such interactions occur entirely at Your own risk.

11. Risk Disclosure​

11.1 Participation in crypto-asset protocols involves a high degree of risk and may result in the partial or total loss of committed funds. Digital asset prices are highly volatile and may fluctuate significantly over short periods of time. Information published on the Website does not and cannot guarantee that any committed funds will not be lost.

11.2 You are solely responsible for understanding all risks, conducting your own due diligence, and making your own decisions regarding how to access and use the Website and the Services. By interfacing with the Website and the Services, You acknowledge and understand that the Protocol consists of immutable smart contracts that the Operator does not control; that liquidity pools are permissionless and may be created by third parties; that the Operator does not provide liquidity or operate liquidity pools; and that, as a result, when You interact with tokens on the Protocol You are interacting with, and relying upon, independent third parties that provide liquidity and operate such liquidity pools.

11.3 VRT emission schedules and rebase logic are hardcoded in immutable smart contracts and cannot be modified by any party. However, the actual amount of rewards received by any participant — including trading fees, emissions, and rebases — depends on variable factors such as pool voting weight, total protocol TVL, individual lock duration, and ratio thresholds. No specific yield, return, or reward amount is guaranteed or implied.

12. Tax Obligations​

12.1 Users of the Website are solely responsible for determining what, if any, taxes apply to their cryptocurrency holdings, transactions, or activities conducted through the Website or the Services. The Operator is not responsible for determining, calculating, reporting, withholding, or remitting any taxes applicable to user transactions or digital asset holdings.

13. No Warranties​

13.1 THE WEBSITE AND THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, OR THAT THE AVAILABILITY, ACCESSIBILITY, OPERATION, OR USE OF THE WEBSITE AND/OR ANY CONTENT, DATA, MATERIALS, OR SERVICES PROVIDED THROUGH IT WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE.

13.2 Website functionality is not guaranteed and may be suspended, limited, or disabled, in whole or in part, at any time and without prior notice.

13.3 You acknowledge and agree that:

(a) All trades or transactions You submit through the Website or any of the Services are unsolicited and are initiated solely by You;

(b) You have not received, and will not receive, any investment advice, recommendation, or guidance from the Operator in connection with any transaction; and

(c) The Operator does not perform any suitability, appropriateness, or risk assessment of any transaction, asset, or activity conducted through the Website or the Services.

14. Security​

14.1 Security audits do not eliminate all risks. The Website and the Services are not guaranteed to be secure, error-free, or free from bugs, vulnerabilities, or viruses.

14.2 The Services and the Website are strictly non-custodial, meaning that the Operator does not at any time have custody, possession, or control over Your digital assets. Accordingly, You are solely responsible for safeguarding the cryptographic private keys, seed phrases, and credentials associated with any digital asset wallets You use. You must never share Your wallet credentials or recovery phrases with any third party.

14.3 The Operator accepts no responsibility for, and disclaims all liability arising from, Your use of any wallet. The Operator makes no representations or warranties regarding the compatibility, performance, or operation of the Website or the Services with any specific wallet software or provider. You are solely responsible for selecting, using, and securing Your wallet, and the Operator shall not be liable for any losses, damages, or consequences resulting from the compromise, misuse, or unauthorized access to Your wallet.

15. Limitation of Liability​

15.1 TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE OPERATOR AND ITS AFFILIATES, LICENSORS, SERVICE PROVIDERS, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, CONTRACTORS, AGENTS, LICENSORS, SUPPLIERS, SUCCESSORS, AND ASSIGNS SHALL NOT BE LIABLE TO YOU FOR ANY: (1) FINANCIAL LOSSES; (2) LOSS OF USE, DATA, BUSINESS, OR PROFITS; OR (3) INDIRECT, SPECIAL, CONSEQUENTIAL, EXEMPLARY, PUNITIVE, OR ANY OTHER DAMAGES ARISING OUT OF OR RELATING TO THE SERVICES OR THESE TERMS.

15.2 You acknowledge that the limitations of liability in this section are material provisions of these Terms, and that absent those limitations of liability, the Operator would have declined to enter into these Terms on the economic and other terms stated herein.

15.3 To the extent not expressly prohibited by law, You knowingly, voluntarily, intentionally, permanently, and irrevocably:

(a) AGREE that the rights and obligations that arise out of or relate to the Services, or any transaction or relationship resulting from the Services or these Terms, are to be defined solely under the law of contract in accordance with the express provisions of these Terms;

(b) WAIVE any such obligations allegedly owed by the Operator that are not expressly stated in these Terms, whether those obligations are alleged to arise in quasi-contract, quantum meruit, unjust enrichment, promissory estoppel, tort, strict liability, by law (including any constitution, statute, or regulation), or otherwise.

15.4 You specifically agree that each limitation of liability in this section applies:

(a) To You and to any of Your affiliates, agents, and associated individuals;

(b) To all claims for damages or other monetary relief, whether alleged to arise in contract, tort (including negligence, gross negligence, or willful misconduct), or otherwise;

(c) Regardless of the legal theory under which damages are alleged to arise;

(d) Even if the allegedly liable party was advised, knew, or had reason to know of the possibility of excluded damages and/or of damages in excess of the relevant damages cap; and

(e) Even if one or more limited remedies fail of their respective essential purposes.

15.5 AGGREGATE LIABILITY CAP. THE CUMULATIVE TOTAL LIABILITY OF THE OPERATOR TO YOU FOR ANY ACTION ARISING OUT OF USE OF THE SERVICES OR THE WEBSITE SHALL NOT EXCEED FIVE US DOLLARS ($5.00 USD).

15.6 You expressly agree not to seek damages in excess of any applicable limitation of liability stated in these Terms.

15.7 You acknowledge that some jurisdictions may not permit limitation or exclusion of remedies under some circumstances, in which case some or all of the limitations of liability stated in this section may not apply; this sentence, however, is not to be taken as a concession that any particular limitation or exclusion should not apply. In the event any limitation of liability is found not to apply, it shall be severed and the other limitations of liability shall still apply.

16. Indemnification​

16.1 You agree that You will defend, indemnify, and hold harmless the Operator and its affiliates, licensors, service providers, and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of or relating to Your violation of these Terms or Your use of the Services.

17. No Fiduciary Duties​

17.1 This Agreement is not intended to, and does not, create or impose any fiduciary duties on the Operator. To the fullest extent permitted by law, You acknowledge and agree that the Operator owes no fiduciary duties or liabilities to You or any other party, and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated.

17.2 You further agree that the only duties and obligations that the Operator owes You are those set out expressly in this Agreement.

18. Arbitration and Class Action Waiver​

18.1 Any dispute, controversy, or claim, whether brought by You or by the Operator, arising out of, relating to, or in connection with Your use of the Website or the Services, or in connection with these Terms, including any dispute regarding their interpretation, breach, violation, validity, non-performance, or termination, shall be finally resolved by binding individual arbitration.

18.2 The parties agree to arbitrate solely on an individual basis, and that these Terms do not permit class arbitration or any claims brought as a plaintiff or class member in any class or representative arbitration proceeding.

18.3 The arbitral tribunal may not consolidate the claims of more than one person and may not otherwise preside over any form of representative or class proceeding.

18.4 If the prohibition on class arbitration is determined to be invalid or unenforceable, the remaining portions of this agreement to arbitrate shall remain in full force and effect. The class action waiver and jury trial waiver shall remain enforceable independently regardless of the enforceability of any other provision of this Section 18.

19. Third-Party Services and Content​

19.1 The VIRTUS Multichain Swapper aggregates available cross-chain routes from third-party providers including Rango Exchange and LiFi. The Operator does not execute cross-chain transactions directly — it presents available routes and the selected transaction is processed entirely by the chosen third-party provider. The Operator does not custody funds at any point during cross-chain operations. The geographic restrictions, terms of service, and risk profiles of each provider apply independently.

19.2 The Delta-Neutral Strategy is an automated tool that monitors LP price exposure on-chain and technically manages a corresponding short position on a user's independently funded and controlled Hyperliquid account. VIRTUS does not custody, access, or control any funds held on Hyperliquid. The user's Hyperliquid account is created, funded, and controlled solely by the user. Hyperliquid operates as an independent platform under its own terms, conditions, and risk profile. VIRTUS accepts no liability for losses arising from its use.

19.3 In using the Website, You may view content or utilize services provided by third parties ("Third Parties"), including links to web pages and services of such parties ("Third-Party Content"). The Operator does not control, endorse, or adopt any Third-Party Content and has no responsibility for Third-Party Content, including without limitation material that may be misleading, incomplete, erroneous, offensive, indecent, or otherwise objectionable.

19.4 Your business dealings and/or correspondence with such Third Parties is a matter solely between You and the Third Parties. The Operator is not liable or responsible for any loss or damage of any sort incurred as a result of such dealings. You understand that Your use of Third-Party Content, and Your interactions with Third Parties — including but not limited to wallet providers — is at Your own risk.

19.5 For information regarding wallet integrations with the Services:

20. Intellectual Property Rights​

20.1 The Website and its entire contents, features, and functionality (including but not limited to all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof) are owned by the Operator and its licensors and affiliates, and are protected by applicable copyright, trademark, trade dress, patent, trade secret, and other intellectual property or proprietary rights laws.

20.2 The Operator name and all related names, logos, product and service names, designs, and slogans are trademarks of the Operator or its licensors or affiliates. All intellectual property rights associated with Third Parties and Third-Party Content referenced on or offered through the Website are owned by the respective entities offering such services.

20.3 You agree not to use any Operator or Third-Party intellectual property without prior written permission from the Operator or such Third Party. You are granted a limited, revocable, and nonexclusive right to post excerpts from or create a hyperlink to the Website, provided that full and clear credit is given to the Operator with appropriate and specific direction to the original content, and provided such hyperlink is not related to any portrayal of the Operator or the Website in any false, misleading, derogatory, or otherwise offensive manner.

21. Changes​

21.1 The Operator may revise and update these Terms from time to time in the Operator's sole discretion and without notice. All changes are effective immediately when posted and apply to all access to and use of the Website thereafter. Your continued use of the Website following the posting of revised Terms means that You accept and agree to the changes.

21.2 You are expected to check this page from time to time so You are aware of any changes, as they are binding on You.

21.3 The Operator reserves the right, with or without notice to You, to modify, substitute, eliminate, or add to any of the Services.

Last updated: May 2026 — Version 1.1

© 2026 VIRTUS Protocol. All rights reserved.