1. Acceptance of terms
Meraki ("the Protocol", "we", "us") is a set of self-executing smart contracts and a non-custodial interface for trading options on tokenized equities. These Terms govern your access to and use of the interface, the Protocol, and any related content. If you do not agree, do not use the Protocol.
The interface is provided as a convenience to interact with permissionless smart contracts that we do not control once deployed. Your use is entirely at your own risk.
2. Eligibility & restricted regions
You represent and warrant that you are at least 18 years old and legally capable of entering into these Terms.
The interface is not available to, and may not be used by, any person who is a citizen of, resident in, located in, incorporated in, or has a registered office in the U.S., Canada, the U.K. or Switzerland, or any other jurisdiction where trading options on tokenized securities is prohibited or restricted ("Restricted Persons"). By using the interface you confirm you are not a Restricted Person and are not accessing it on behalf of one.
You are solely responsible for ensuring your use complies with the laws of your jurisdiction.
3. Nature of the protocol
The Protocol is non-custodial. You retain control of your assets and private keys at all times; we never take custody of your funds. Trades, collateral, and settlement are executed by smart contracts on Robinhood Chain. Option premiums are quoted by a pricing model referencing decentralized oracle price feeds, and contracts are cash-settled at expiry against those feeds.
Tokenized equities are blockchain tokens intended to track the price of an underlying security. They are not the underlying security itself, do not confer shareholder rights, and depend on third parties and oracles whose performance we do not guarantee.
4. Risk disclosure
Trading options and digital assets involves a high degree of risk and can result in the total loss of your funds. Only trade with what you can afford to lose. In particular:
- Options risk. A purchased option can expire worthless, losing 100% of the premium paid. A written (sold) option can be assigned and can lose substantially more than the premium received, up to the full collateral posted.
- Experimental, unaudited software. The Protocol is experimental and may not have been formally audited. Smart contracts may contain bugs, economic flaws, or vulnerabilities that could lead to loss of funds.
- Oracle & settlement risk. Settlement depends on external price oracles that may be delayed, manipulated, or incorrect.
- Volatility & liquidity. Prices of tokenized assets can be extremely volatile and liquidity may be limited, making positions difficult to exit.
- Tokenized-asset risk. The peg between a tokenized equity and its underlying may break, and issuers or bridges may fail.
- Regulatory risk. The legal treatment of tokenized securities and on-chain derivatives is uncertain and may change, potentially affecting your ability to trade or the value of your positions.
- Irreversibility. Blockchain transactions are generally final and cannot be reversed. Sending assets to the wrong address or contract may result in permanent loss.
5. No financial advice
Nothing on the interface constitutes financial, investment, legal, tax, or other professional advice, or a recommendation to enter into any transaction. We are not a broker, dealer, exchange, custodian, or financial institution, and we do not act as your agent or fiduciary. You should consult your own qualified advisers before trading.
6. The $MERAKI token
Any token associated with the Protocol is intended as a utility and community token. It is not an investment, share, security, or a claim on any revenue, and it carries no expectation of profit derived from the efforts of others. Its value may be highly volatile or fall to zero. Do not acquire any token expecting financial return.
7. No warranty
The interface and Protocol are provided "as is" and "as available" without warranties of any kind, whether express or implied, including merchantability, fitness for a particular purpose, title, and non-infringement. We do not warrant that the interface will be uninterrupted, secure, error-free, or that any pricing shown is accurate.
8. Limitation of liability
To the maximum extent permitted by law, in no event will Meraki, its contributors, or affiliates be liable for any indirect, incidental, special, consequential, or exemplary damages, or for any loss of profits, funds, data, or goodwill, arising out of or in connection with your use of the interface or Protocol, even if advised of the possibility of such damages.
9. Privacy
The interface is designed to minimize data collection. We do not ask you to create an account or provide personal identity information to trade. Note that blockchain transactions are public and permanent by nature; wallet addresses and on-chain activity are visible to anyone. Any third-party services used to display market data are subject to their own terms.
10. Changes to these terms
We may update these Terms from time to time. Changes take effect when posted on this page. Your continued use of the interface after changes are posted constitutes acceptance of the revised Terms.
11. Contact
Questions about these Terms can be directed to us on X / Twitter.
By using Meraki you acknowledge that you have read, understood, and agreed to this entire disclosure, and that you are trading experimental software entirely at your own risk.