Jupiter Vaults Terms and Conditions

Last updated: 9 November 2026

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1. THESE TERMS

1.1 These Terms. The Interface allows you to interact with a set of permissionless smart contract programs deployed on the Solana blockchain (the “Protocol”), including the vaults described in Clause 2 (each a “Jupiter Vault”). We do not own, control or operate the Protocol, and the Protocol is not a service we provide to you. 1.2 Acceptance. By accessing or using the Interface, including by connecting a wallet or depositing into a Jupiter Vault, or by signing any acknowledgement we present to you (including on-chain), you agree to these Terms. If you do not agree, do not use the Interface and do not deposit. We may record the wallet address, the time and the version of these Terms, the Risk Disclosure and the Eligibility Requirements in force when you used the Interface, and that record is evidence of your acceptance. 1.3 What forms part of these Terms. The Risk Disclosure, the Eligibility Requirements and the Privacy Policy published alongside these Terms are incorporated into and form part of them. The general terms of use for the website through which you access the Interface also apply; where they conflict with these Terms in relation to Jupiter Vaults, these Terms prevail. 1.4 Changes. We may change these Terms at any time by publishing an updated version with a new “last updated” date. Changes take effect when published. Where a change is material we will use reasonable efforts to notify you through the Interface. If you do not accept a change, your remedy is to withdraw and stop using the Interface. Continued use after a change means you accept it. 1.5 Capacity. You confirm you have the legal capacity to enter into these Terms. If you are using the Interface for an entity, DAO or other organisation, you confirm you are authorised to bind it, and “you” means both you and that organisation.

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2. WHAT A JUPITER VAULT IS

2.1 How it works. A Jupiter Vault is a smart contract into which users deposit a specified digital asset. A Curator (defined in Clause 3.1) configures the vault’s on-chain parameters and decides how the pooled assets are deployed across permitted venues. Any yield arises from that underlying activity. Your position in the vault is recorded on-chain and its value moves up or down with the vault’s performance. 2.2 Non-custodial; what we are not. We never take custody, possession or control of your assets, cannot move, spend, freeze, recover or reverse them, and do not hold them on trust or on your behalf. Your deposit is not a deposit with us, a loan to us or a claim against us, and is not client money or a client asset. We are not a bank, exchange, money transmitter, custodian, broker, dealer, investment adviser, portfolio manager, fund manager or fund operator, and are not licensed or supervised as any of those. Your deposit is not covered by any deposit protection, investor compensation or insurance scheme in any jurisdiction. 2.3 No advice; information on the Interface. Nothing on the Interface is financial, investment, legal, tax or accounting advice, or a recommendation, solicitation or endorsement. Vault rankings, risk labels, categories, “featured” placements, historic performance and projected yields are informational only: they are not an assessment of suitability for you and not a view that any vault is safe or appropriate. Data displayed, including balances, yields, risk indicators and valuations, may be delayed, incomplete or incorrect, and you should verify anything you intend to rely on against on-chain data.

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3. CURATORS

3.1 Who they are and what they decide. Each Jupiter Vault is configured by a Curator: an independent third party that is not our agent, employee, partner or representative, does not act for us or for you, and whose decisions we do not control, direct or approve. Within limits agreed between us and the Curator, the Curator decides which venues and assets the vault is exposed to, the concentration of those exposures, and the vault’s risk parameters, which may include leverage and oracle configuration. Those limits exist to protect the integrity of the Protocol; they are not a promise about performance, and we do not verify, monitor, supervise or approve what a Curator does inside them. Strategy descriptions, risk methodologies, disclosure sheets, performance figures and curator profiles displayed on the Interface are supplied by the Curator, are the Curator’s responsibility, and are not independently verified by us. A Curator may change a vault’s parameters and allocations at any time, including in ways that materially change the risk of your position, without notice to you, and you are responsible for monitoring your own position. 3.2 Curator deposits. A Curator may deposit its own assets into a vault it curates. Any such deposit is made on the same terms as any other deposit. It is not insurance, first-loss protection, a guarantee, a reserve or a backstop; it gives you no right, priority or claim; it does not reduce your risk of loss; and it may be withdrawn in accordance with the Curator’s own arrangements. Do not treat it as protection. 3.3 No claim against us for Curators. These Terms create no relationship between you and any Curator. You agree not to seek to hold us responsible for the acts, omissions, solvency, errors, judgement or misconduct of any Curator, or for any loss caused by a Curator’s decisions. 3.4 Removal and replacement. We may suspend or terminate a Curator’s permissions, or appoint a replacement Curator, at any time and without notice to you. While a vault has no active Curator its parameters may remain unchanged, it may be placed into withdrawal-only, or it may be wound down. We do not guarantee that a replacement will be appointed.

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4. ELIGIBILITY

4.1 You must be eligible. You may use the Interface and deposit into a Jupiter Vault only if you meet the Eligibility Requirements, and you must continue to meet them for as long as you have a position. 4.2 Your confirmations. Each time you use the Interface you confirm that: (a) you are of legal age and have capacity to contract; (b) you are not located in, resident in, or a national of a Restricted Jurisdiction as set out in the Eligibility Requirements, and you are not acting for anyone who is; (c) you are not subject to sanctions administered by any relevant authority, and you are not owned or controlled by, or acting for, any such person; (d) the assets you deposit were lawfully obtained and have not been mixed, tumbled or otherwise processed to obscure their origin; (e) your use of the Interface does not breach any law applicable to you; and (f) you meet the knowledge and experience criteria in the Eligibility Requirements. 4.3 Our controls and no circumvention. We may screen wallet addresses and apply geographic and other access controls. We do this for our own compliance purposes: it is not a service to you, not a verification of any user, and not a representation that any address, vault or Curator is legitimate or safe. Using a VPN, proxy, relayer, intermediary wallet or any other method to conceal your location or to evade an access restriction is a breach of these Terms, and we may block any address we believe is connected with such conduct. 4.4 If you stop qualifying. If you cease to meet the Eligibility Requirements you must stop using the Interface and withdraw your position as soon as you are able to do so.

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5. DEPOSITS, WITHDRAWALS AND YIELD

5.1 You transact, not us. Every transaction is initiated and signed by you from your own wallet. We cannot transact for you, and we cannot cancel, modify, reverse or recover a transaction once it is broadcast. A vault may reject a deposit where it is full or closed; apart from that, we do not screen, approve or control individual transactions. 5.2 Withdrawals are not guaranteed. Your ability to withdraw depends on the liquidity of the vault’s underlying positions at the time. If those positions are illiquid, locked, queued, in default, suspended or subject to loss, your withdrawal may be delayed, partial, or unavailable for an extended period. We do not guarantee that you can withdraw at any particular time, in any particular amount, or at any particular value. 5.3 Yield. Yield is variable, is not guaranteed, and can be zero or negative. Any figure displayed is an estimate derived from current or past conditions and is not a forecast or a promise. Rewards or incentives distributed by third parties are not paid by us and we are not responsible for them. 5.4 Fees and taxes. Deposits, withdrawals and yield may be subject to protocol fees, curator fees and network fees. Applicable fees are shown on the Interface and may change; network fees are set by the network, not by us. You are solely responsible for determining and paying any tax arising from your use of the Interface, including on any yield or reward, and we do not provide tax reporting. 5.5 Loss of value. The value of your position can fall, including to zero, through market movement, losses in underlying positions, liquidation, bad debt, or the failure of any asset, protocol or counterparty to which the vault is exposed. 5.6 Vault tokens and transfers. Your position in a vault may be represented by a token issued by that vault. Transferring that token transfers the whole of your position, takes effect on-chain without any action by us, is not a withdrawal, and cannot be reversed by us. You must not offer, sell, pledge or transfer it to any person who does not meet the Eligibility Requirements, and any person who holds it is bound by these Terms. 5.7 Corrections. Vault valuations depend on price oracles and third-party data. If a vault’s value or share price is later found to have been incorrect, we or the Curator may correct it, and any amount calculated by reference to the incorrect value, including fees and any amount you received on withdrawal, may be recalculated and recovered. We are not liable for any loss arising from an incorrect valuation or from its correction.

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6. OUR RIGHTS OVER THE INTERFACE AND VAULTS

6.1 Discretion. We may list, decline to list, rank, re-rank, label, re-label, restrict, hide or remove any vault or Curator from the Interface at any time, with or without notice and with or without reason. 6.2 Protective actions. Where we consider it necessary to protect the integrity or security of the Protocol, to comply with law, or to respond to an incident, we may (or may ask the relevant governance process to) pause or cap deposits, suspend a Curator’s permissions, place a vault into withdrawal-only or wind-down, or remove a vault from the Interface. Any of these may affect your position, including the timing and value of any withdrawal. 6.3 No duty to act. We have no obligation to monitor any vault, Curator, asset or market, no duty to take any protective action, and no liability for taking, not taking or delaying any such action, or for the manner in which it is taken. Some functions affecting the Protocol are in any event controlled by on-chain governance, by validators or by third parties, and are outside our unilateral control. 6.4 Changes to the product. We may modify, migrate, suspend or discontinue the Interface or the Jupiter Vaults product at any time.

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7. ACCEPTABLE USE

7.1 What you must not do. You must not: (a) use the Interface for any unlawful purpose, or in breach of sanctions, anti-money laundering or counter-terrorist financing law; (b) use the Interface on behalf of a person who is not eligible, or circumvent any access or screening control; (c) exploit, or attempt to exploit, any bug, vulnerability, oracle condition or economic flaw in the Protocol, the Interface or any vault, whether or not it results in gain; (d) manipulate or attempt to manipulate the price, oracle inputs, accounting, share price or reward mechanics of any vault; (e) interfere with, overload, scrape, reverse engineer, decompile or gain unauthorised access to the Interface or any system connected to it; or (f) impersonate any person, or provide false information to us. 7.2 Security disclosure. If you discover a vulnerability, report it to [email protected] and do not exploit it. Exploiting a vulnerability is unauthorised access to a computer system, and we reserve all rights and remedies in respect of it.

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8. YOUR RESPONSIBILITY

8.1 Your wallet. You are solely responsible for your wallet, private keys, seed phrase and device security. We cannot access or recover them. If you lose access to your wallet, you lose access to your position and we cannot help. 8.2 Your own decisions. You are responsible for your own research, analysis and decisions, for obtaining your own professional advice, for verifying contract addresses, interface domains and transaction contents before signing, and for monitoring your position and the vault’s composition and deciding when to withdraw. Phishing sites and malicious transaction requests are common. You should not deposit more than you can afford to lose entirely.

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9. INTELLECTUAL PROPERTY

9.1 Our rights. We and our licensors own the Interface and all content, software, trade marks and branding in it, other than content supplied by third parties. You are granted a limited, revocable, non-exclusive, non-transferable licence to use the Interface for your own personal use, subject to these Terms. No other rights are granted. 9.2 Feedback. If you send us suggestions or feedback, we may use them without restriction, obligation or payment.

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10. DISCLAIMERS

10.1 As is; no warranty as to outcomes. The Interface is provided “as is” and “as available”, and we exclude all warranties, conditions and terms, express or implied, including as to merchantability, fitness for a particular purpose, accuracy, non-infringement, availability, security and freedom from error or defect. We do not warrant that the Interface will be uninterrupted or error-free, that any information is accurate or current, that any vault will perform in any manner, that any transaction will be included or confirmed, or that the Protocol, any smart contract, oracle, bridge, blockchain or third-party protocol is secure, solvent or free of defect. 10.2 Third parties. We are not responsible for the conduct, solvency, performance or security of any Curator, validator, oracle provider, wallet provider, bridge, third-party protocol, token issuer or other user, and the risk of dealing with them rests entirely with you.

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11. LIMITATION OF LIABILITY

11.1 Loss we are not liable for. We are not liable for any indirect, incidental, special, punitive or consequential loss, or for any loss of profit, revenue, yield, opportunity, goodwill or data, however arising and whether or not we were advised of the possibility. We are also not liable for any loss arising from: the decisions, errors, omissions, insolvency or misconduct of a Curator; the failure, exploit, depeg, insolvency or default of any asset, token, protocol, oracle, bridge or counterparty; liquidation, bad debt or shortfall in a vault; delay, suspension or unavailability of withdrawal; any defect in or exploit of the Protocol or the Solana blockchain; any act or omission of on-chain governance; loss of your keys; your own transaction errors; or any event outside our reasonable control. 11.2 Cap. Our total aggregate liability to you for all claims arising out of or relating to the Interface or these Terms is limited to the fees we actually received in respect of your deposits in the three (3) months before the event giving rise to the claim or, where we received no such fees, US$100. 11.3 Exceptions. Nothing in these Terms limits or excludes liability for fraud or fraudulent misrepresentation, death or personal injury caused by our negligence, or any liability that cannot be limited or excluded under applicable law. If the law applicable to you does not allow some of these limitations, they apply only to the extent permitted.

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12. RELEASE AND INDEMNITY

12.1 Release. You release us, our affiliates, and our and their directors, officers, employees and contractors from all claims, demands and causes of action, known and unknown, arising out of or relating to any loss, theft or diminution in value of digital assets connected with your use of the Interface or the Protocol, and you waive any provision of law that would limit the effect of that release to claims you know of at the time. 12.2 Indemnity. You will indemnify and hold us and the persons listed above harmless from any loss, liability, claim, fine, cost or expense (including reasonable legal fees) arising out of your breach of these Terms, your breach of any law, your misuse of the Interface, or any false confirmation you give under Clause 4.

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13. SUSPENSION AND TERMINATION

13.1 Our rights and yours. We may restrict, suspend or terminate your access to the Interface at any time, with or without notice, including where we believe you have breached these Terms or where restriction is necessary for legal or compliance reasons, and we are not liable to you for doing so. You may stop using the Interface at any time; withdrawal of your position remains subject to Clause 5.2 and to the Protocol. 13.2 Effect. Termination does not affect any position you hold on-chain, which remains governed by the Protocol. Clauses 2, 3, 4.2, 5.7 and 9 to 15 survive termination.

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14. DISPUTES

14.1 Talk to us first. If you have a complaint, contact us at [email protected] with a description of the issue. The parties will try in good faith to resolve it for thirty (30) days before either starts formal proceedings. This step is a precondition to arbitration. 14.2 Arbitration. Any dispute arising out of or in connection with these Terms or your use of the Interface that is not resolved under Clause 14.1 will be finally resolved by confidential binding arbitration under the LCIA Arbitration Rules, which are incorporated into this Clause 14.2 by reference, before one arbitrator, seated in London, United Kingdom, conducted in English. Unless we agree otherwise, the arbitrator may not consolidate your claims with those of any other person. Judgment on the award may be entered in any court of competent jurisdiction other than a court located in the United States of America. 14.3 Individual claims only. Claims may be brought only on an individual basis. You and we waive any right to bring or participate in a class, collective, consolidated or representative action. If this Clause 14.3 is held unenforceable as to a particular claim, that claim alone is severed and may be brought in the courts named in Clause 14.6. 14.4 Exceptions. Either party may seek interim or injunctive relief from a court of competent jurisdiction, and may bring a claim for infringement or misuse of intellectual property in court. 14.5 Time limit. Any claim must be commenced within one (1) year after it arises, to the extent permitted by law, failing which it is permanently barred. 14.6 Governing law. These Terms and any dispute or claim arising out of or in connection with them, including non-contractual claims, are governed by the laws of the Republic of Panama, without regard to its conflict of laws principles, and the courts of Panama have exclusive jurisdiction in respect of any matter not subject to arbitration, other than the supervisory jurisdiction of the courts of the seat of the arbitration and any application under Clause 14.4. The Interface is deemed to be based solely in Panama. Although it may be available in other jurisdictions, its availability does not give rise to general or specific personal jurisdiction in any forum outside Panama.

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15. GENERAL

15.1 Entire agreement. These Terms, together with the Risk Disclosure, the Eligibility Requirements, the Privacy Policy and the general terms of use for the website through which you access the Interface, are the entire agreement between you and us in relation to the Jupiter Vaults product and replace any previous understanding. Nothing in this Clause limits liability for fraud. 15.2 Severability and waiver. If any provision is held invalid or unenforceable, it is modified to the minimum extent necessary or severed, and the rest of these Terms continue in effect. Our failure to enforce any provision is not a waiver of it. Every exclusion, limitation, disclaimer and waiver in these Terms applies to the fullest extent permitted by law. 15.3 Assignment. You may not assign or transfer your rights under these Terms. We may assign or transfer ours to an affiliate or to a successor to the relevant business. 15.4 Enforcement by third parties. Our affiliates and the persons released or indemnified under Clause 12 may enforce the provisions that benefit them. No other person has any right to enforce these Terms. 15.5 Communications and language. You agree to receive communications from us electronically, including through the Interface, and that electronic communications satisfy any legal requirement that they be in writing. These Terms are drawn up in English; any translation is for convenience only and the English version prevails. 15.6 Contact. You can contact us at [email protected] 15.7 Data. We process limited data in connection with the Interface, including wallet addresses, IP address and device information used for access and screening controls, and records of your acceptance under Clause 1.2. How we do that is set out in our Privacy Policy, which forms part of these Terms.