Terms of use draft

Draft terms for the OptionHouse website, services, positions and pool notes.

Version: draft-2026-11-14-3. Dated: 2026-11-14. Effective date: [OWNER AND COUNSEL TO COMPLETE].

Mainnet is not open. This draft supports review and devnet testing; publication or a devnet acknowledgement does not make it a final mainnet agreement.

Who you would contract with

The operator uses the name “OptionHouse”. No company has been formed for it yet. “OptionHouse”, “we” and “our” refer to that operator, not an incorporated entity. The operator’s legal identity details, address and contact, and the pool operator’s and note issuer’s legal capacities: [OWNER AND COUNSEL TO COMPLETE]. “You” means the person using the services, including an entity you have authority to represent.

These draft terms cover the OptionHouse website, app, team-operated quote and transaction co-signing services, transaction relay and related APIs. Solana, wallet software, USDC and third-party network providers have their own operators and terms. Public-chain transactions can happen outside our interfaces. That does not make every service outside our control: the team co-signs fills, operates services and holds program upgrade powers.

Documents to read together

This version includes the trading and liquidity risks and restricted persons schedule. The privacy notice explains data use separately. These dated documents take priority over an inconsistent general help page for this draft. Mandatory law takes priority over every document.

A “position” is a fully paid option bought from the pool. “Pool notes” are transferable tokens representing a share of the pool’s results. The risk schedule contains this version’s trading rules, payment priorities and fee disclosures. Test dollars and test notes have no monetary value.

Your eligibility and responsibility

Use the services only if you have legal capacity, have reached the age of majority where you live, and may lawfully use both the service and the product. If you act for another person or an entity, you must have authority to bind them and give accurate information about them. Understand the transaction and the possibility of total loss before taking risk. A declaration does not establish that a product is suitable for you.

The restricted persons schedule applies separately to trading and pool notes. Keep eligibility information accurate as circumstances change. Do not hide your location or identity, use a VPN or proxy to evade a restriction, use someone else’s wallet to evade checks, or supply false information. Network location alone cannot establish residence, citizenship or ownership.

Wallets and transactions

You control your wallet credentials and the approvals you give. Check the network, amount, recipient and transaction before signing. Never give anyone your recovery phrase. Wallet software can fail or be compromised. A wallet signature shows authority over a key; it does not establish the signer’s legal identity or capacity.

Once confirmed on Solana, a transaction may be irreversible. The team cannot promise recovery of a wrong transfer or deletion of a confirmed transaction. Pool funds follow program rules and the powers disclosed in the risk schedule. USDC’s issuer can freeze tokens. Keeping your own keys does not remove these risks.

Service access and lawful exits

The proposed launch policy refuses new positions and new liquidity deposits when eligibility is restricted or uncertain, checks fail, or required terms have not been accepted. Checks may request further information and may be wrong. The final review contact and process are [OWNER AND COUNSEL TO COMPLETE]. This draft does not claim that the complete policy is deployed.

For a country restriction alone, the intended policy keeps cash-out, settlement and note withdrawal available where lawful and technically possible. Existing positions still follow their trading rules. Sanctions restrictions need separate review and may require rejection, a hold or reporting under applicable law. A review cannot authorise a prohibited payment. A country exception is not a sanctions exception.

Access may also stop for misuse, a security incident, a failed dependency or a legal requirement. Existing payment priorities, available funds, transaction signing and program controls still limit exits. Reading these pages does not guarantee an immediate withdrawal. Closing access to a team service cannot erase public-chain holdings or stop every direct transfer.

Permitted use

Use the interface and published APIs lawfully and within their stated limits. Do not manipulate prices, exploit a defect, steal credentials, disrupt services, evade sanctions, impersonate another person or infringe another person’s rights. Report a suspected defect privately through an available support channel rather than exploiting it. The operator’s legal and security contact remains [OWNER AND COUNSEL TO COMPLETE].

Permission to use the interface and content gives you no ownership of the OptionHouse name or brand. Source code published under an open-source licence keeps that licence. These terms do not replace it or grant rights in third-party material.

Advice, taxes and conflicts

The services provide software and execution information. They do not give personal investment, legal or tax advice, or promise to act as your adviser or fiduciary. Obtain independent advice when needed. You are responsible for determining and meeting your tax and reporting obligations. These statements do not remove duties that mandatory law imposes.

The pool is the counterparty to positions. Traders and liquidity providers have opposing interests in its results. The protocol receives a share before liquidity providers, including in losing periods, but behind unpaid winners. Control over services and upgrades creates further conflicts. Read the risk schedule before using either product.

Availability, loss and legal protections

Services are offered as available. Prices, data, uptime, liquidity, solvency and outcomes carry no guarantee. Code, signing services, wallets and outside providers can fail. Nothing insures a position or note against loss. Mandatory consumer rights and other rights that cannot lawfully be excluded remain in force.

Liability cap, excluded loss categories and exceptions for fraud, serious misconduct and other mandatory duties: [OWNER AND COUNSEL TO COMPLETE]. This draft sets no monetary cap and asks for no blanket release of existing claims.

Indemnity, if any, for deliberate misuse, unlawful conduct or breach, including reasonable costs, defence control, settlement approval and consumer limits: [OWNER AND COUNSEL TO COMPLETE]. This draft imposes no open-ended duty to pay another person’s claims.

Changes and existing holdings

Each released version needs its own dated address. The proposed process gives notice of material changes and asks for affirmative acceptance before new risk under the new version. Urgent legal or security restrictions may take effect sooner where necessary. Notice method, lead time and final acceptance procedure: [OWNER AND COUNSEL TO COMPLETE]. Publication alone does not record acceptance.

If a company later becomes the operator, a new terms version will identify it. Wallets will be asked to accept that version again before taking new risk. This draft does not name a future company or transfer existing obligations to it.

Keep the version associated with an existing position or note transaction. A later version should not silently rewrite completed transactions or require a new release of claims to make a pre-existing lawful exit. Upgrades and mandatory law can still change what the program or service permits. Their effect on existing holdings must be disclosed with the change.

Law, disputes and remaining provisions

These draft terms use the law of the British Virgin Islands, subject to mandatory protections that apply to you.

The proposed dispute clause provides for disputes arising out of or relating to these terms to be finally resolved by arbitration administered by the British Virgin Islands International Arbitration Centre under the BVI IAC Arbitration Rules. The proposed seat is Tortola, British Virgin Islands. The proceedings would be in English before one arbitrator. This proposal remains part of a draft, pending the effective date and completed agreement.

Mandatory consumer protections, including any non-waivable right to bring a claim in court, and regulatory powers remain applicable. This draft adds no class-action waiver. Costs, notice procedure, court support and urgent relief, small claims and any opt-out procedure: [OWNER AND COUNSEL TO COMPLETE]. No procedural contact or deadline is supplied by this draft.

Entire-agreement wording, severability, assignment and events outside reasonable control: [OWNER AND COUNSEL TO COMPLETE]. No delay clause should cancel a payment already owed or exclude a non-waivable duty. These blanks need a coherent final agreement with the named operator before this draft can describe that relationship completely.