Risk Disclosure

1. Not financial advice

Vega is an educational research and strategy-design tool. Nothing on the platform, including indicators, backtests, optimizer suggestions, robustness scores, or any generated strategy, is investment, financial, legal, or tax advice, or a recommendation to buy, sell, or hold any asset. You are solely responsible for your own trading decisions.

2. Trading crypto derivatives is high-risk

Vega connects to Hyperliquid, a perpetual-futures venue. Leveraged derivatives can move against you faster than spot and can result in the total loss of your funds, including losses exceeding your initial margin. You should not trade with money you cannot afford to lose.

3. Backtests are not predictions

Every backtest, equity curve, Sharpe/Sortino figure, Monte Carlo result, and walk-forward score describes historical or simulated behavior. Past and simulated performance does not predict future results. Backtests deduct Hyperliquid taker fees unless you choose the no-fee research mode. Some also model slippage and funding, but not all: the allocation matrix backtest and its optimizer charge fees only, and funding is left out wherever Vega has no funding history. Real fills, slippage, and market regime shifts will still differ, often materially, from any simulation.

4. Automated execution carries added risk

If you enable live auto-trading, Vega will place real orders on your behalf when your launched strategy's allocation changes. You accept that:

• Software, data feeds, and exchanges can fail, lag, or behave unexpectedly.
• Vega's safety controls (position-size caps, error-streak cutoff, total-deployment limit, daily-drawdown halt, and a kill switch that stops new orders when engaged) reduce but do not eliminate risk. The kill switch does not close open positions. If the error-streak or daily-drawdown control trips, Vega stops new orders and attempts to close open positions on your Hyperliquid account, which can include positions you opened outside Vega. Close orders may not fill, alerts may not reach you, and any control can fail or be insufficient in fast markets.
• You are responsible for monitoring your account and using the kill switch.
• Live trading is off by default, requires explicit opt-in, and is currently switched off for all accounts while it is in testing.

5. Non-custodial: you control your funds

Vega never takes custody of your funds. Your assets remain in your own wallet/account. When you authorize trading, you grant a Hyperliquid agent wallet permission to place and cancel orders only; it cannot withdraw your funds. You can revoke that authorization at any time.

6. Jurisdiction and eligibility

Access to derivatives trading depends on where you live. Hyperliquid's terms bar people in the United States, Ontario (Canada) and sanctioned jurisdictions from its own interface. Vega does not offer live trading to people who live in or are located in those places, and enabling it requires you to confirm you are not one of them. Do not use a VPN, proxy or other tool to disguise your location. You are responsible for ensuring that your use of Vega and any connected venue is lawful in your jurisdiction. By trading, you represent that you are eligible to do so where you reside.

7. No guarantee of availability or accuracy

Market data, indicator calculations, and execution may be delayed, interrupted, or contain errors. Vega is provided "as is" without warranties of any kind, to the maximum extent permitted by law.

8. Acknowledgment

By using Vega to design, launch, or auto-trade a strategy, you acknowledge that you have read and understood this Risk Disclosure and that you accept full responsibility for any resulting gains or losses.