SuperStrat Curator Terms

Version 1.1.0 Date of last revision: 2026-09-02 Effective from: publication on the Interface

These Curator Terms supplement the SuperStrat Terms of Use (the "Terms") and apply to any User who creates or operates a Vault (a "Curator"). By creating a Vault through the factory, signing the Curator acceptance message, signing a Vault Sheet, or operating a Vault as its curator or admin, you accept these Curator Terms in addition to the Terms. They do not apply to the Operator or its service providers acting in the oracle role described in the Terms. Capitalized terms have the meanings given in the Terms. In case of conflict regarding your activity as Curator, these Curator Terms prevail over the Terms (Terms, Section 1.3).

1. Your Status

1.1. You act in your own name and for your own account. You are an independent third party. Nothing in these Curator Terms or in the operation of a Vault creates any employment, agency, partnership, joint venture, franchise or fiduciary relationship between you and the Operator.

1.2. You are not authorized to represent the Operator, to speak on its behalf, to use its trademarks except as expressly permitted for identifying your Vault on the Interface, or to create any obligation for the Operator.

1.3. You alone are responsible for your relationship with depositors in your Vault, including for the accuracy of everything you publish about yourself and your strategy, and for compliance with all law applicable to your activity, in your jurisdiction and in the jurisdictions of your depositors, including any licensing, registration, marketing or financial-promotion requirements that may apply to managing or soliciting third-party funds.

1.4. Identity. Before your first Vault is deployed, you must complete the Operator's identity verification, whether you are an individual or an entity, and provide the documents it requests. At the date of this version, verification is performed by the Operator itself: you provide a government-issued identity document and a proof of address through an encrypted channel designated by the Operator, together with the information required to verify an entity where you act for one. The Operator retains those records for the period stated in the Privacy Policy. You may operate your Vault under a pseudonym displayed on the Interface; your verified identity is nonetheless known to the Operator and may be disclosed to a competent authority where Applicable Law requires it, or to a court or arbitral tribunal in connection with a claim brought by a depositor in your Vault.

2. Eligibility and Compliance

2.1. All eligibility requirements of the Terms apply to you, including the Restricted Jurisdictions Policy.

2.2. You additionally represent and warrant, on a continuing basis, that:

(a) operating a Vault, trading on Prediction Market Venues, and receiving performance fees are lawful for you under all Applicable Law; (b) you have obtained every license, registration or authorization required for your activity, or none is required; (c) you are not, and will not act for, a Restricted Person, and no depositor solicitation by you targets Restricted Jurisdictions; (d) all information you provide for your Vault profile and your Vault Sheet (identity or pseudonym, track record, strategy description, links) is accurate and not misleading, and you will keep it current; (e) you comply with the terms of every third-party service you use, including the Prediction Market Venues; (f) you will not accept deposits from persons you know or suspect to be Restricted Persons, and you will cooperate with the Operator's compliance requests concerning your Vault; (g) you are not resident in, located in, or a citizen of a Restricted Jurisdiction, and you do not solicit deposits from any person you know or ought reasonably to suspect is a Restricted Person; and (h) your use of each Prediction Market Venue complies with that venue's terms, including any restriction on trading for the account of, or with funds belonging to, third parties, and you have satisfied yourself of that specific point before accepting any third-party deposit.

3. Vault Creation and Operation

3.1. Eligibility screening. Vault creation through the factory is subject to the Operator's authorization, which is granted, denied, conditioned or revoked on the basis of a technical eligibility screening performed against the published Curator Due Diligence Policy. Screening is not an endorsement, an audit, a suitability assessment, or a view on your strategy, honesty or skill. The Operator may decline or revoke authorization in its sole discretion and owes you no reasons.

3.2. Vault parameters you set at creation (including fees, reserve and TVL cap) are implemented by the smart contracts and may be immutable after deployment. You are responsible for verifying every parameter and address before deployment. Deployment transactions are irreversible.

3.3. You are solely responsible for: (i) the custody and security of every key you control (admin, curator, trading account); (ii) every transaction signed by those keys, whether or not authorized by you; and (iii) the operational availability required to run your Vault, including timely trading, settlement and communications with your depositors.

3.4. Allocated assets and valuation. You acknowledge that Vault assets allocated for trading are entrusted to a trading account you control, subject to the limits enforced by the Protocol (including the liquidity floor on trading allocations), and that the Operator's Valuation Service proposes your Vault's net asset value unless another oracle arrangement applies. You hold allocated assets exclusively for the execution of your Vault's strategy. You must not circumvent, manipulate or defeat the Protocol's mechanisms or the valuation process, including by influencing valuation inputs, validating a net asset value you know or should know to be inaccurate, trading against your own Vault, or structuring transactions to extract value from depositors outside the disclosed fee mechanics. Where your Vault is open to deposits from persons other than yourself, you may not hold the oracle role for that Vault. A Vault in which the curator and oracle roles are held by the same person is labelled RESTRICTED on the Interface, is subject to a TVL cap of at most 50,000 USDC.e as stated on its Vault Sheet, and may not be promoted on the Interface.

3.5. Settlement undertaking. You undertake to perform a settlement of your Vault at least once every 30 days, and to do so within 7 days of any request that takes pending redemptions above 10 percent of the Vault's net asset value. If you fail to meet this undertaking, the Operator may exercise its rights under Section 6, and depositors may exercise the cancellation rights described in Section 4.1 of the Terms in respect of their pending requests. The Protocol does not provide any forced settlement or forced redemption; your undertaking under this Section is a contractual obligation owed to the Operator and to the depositors in your Vault, and nothing in the Protocol's code enforces it.

3.6. Vault Sheet. You must complete the Vault Sheet for your Vault at creation, sign it with the wallet holding your curator role, and keep every statement in it accurate for as long as the Vault is open. Every material change to a characteristic described in the Vault Sheet (including role holders, strategy, Prediction Market Venues used, settlement frequency, or the amount of your stake under Section 7.2) requires a new version of the Vault Sheet, published on the Interface before the change takes effect where the change is within your control, and within 24 hours of the change otherwise. The Vault Sheet prevails over the Terms as to your Vault's characteristics (Terms, Sections 1.3 and 4.8); you are responsible for its content.

4. Prohibited Curator Conduct

In addition to the Prohibited Uses in the Terms, you must not:

(a) make any representation that a Vault's performance is guaranteed, that deposits are safe or insured, or that the Operator endorses, audits or supervises your strategy; (b) publish false or misleading performance figures, or claim a track record you cannot substantiate; (c) engage in market manipulation on any venue, including manipulation of market resolutions or of thin markets to affect your Vault's valuation; (d) use Vault assets for any purpose other than the strategy execution permitted by the Protocol's restrictions; (e) solicit deposits in jurisdictions where such solicitation is unlawful, from Restricted Persons, or from persons for whom exposure to prediction markets is unlawful; or (f) operate a Vault while any representation in Section 2.2 has ceased to be true.

5. Fees

5.1. Performance fees accrue and are shared between you and the Operator as implemented by the Protocol and disclosed on the Interface and on your Vault Sheet. Fees accrue only in accordance with the smart contracts, including the per-Vault high-water mark mechanics described in Section 7.1 of the Terms. The Operator makes no guarantee of any fee income.

5.2. You are solely responsible for all taxes on amounts you receive, and for any social security, professional or regulatory contributions arising from your activity.

5.3. Clawback. Where a performance fee has accrued or been paid on the basis of a net asset value that was inaccurate as a result of your breach, your negligence, your manipulation of valuation inputs, or your misstatement, you must repay the amount concerned on demand, together with any amount the Operator is required to pay to depositors in consequence. This obligation survives the closure of your Vault.

6. Suspension and Removal

6.1. The Operator may, at any time and without prior notice, where it reasonably believes it necessary: (i) suspend or remove your Vault's visibility on the Interface; (ii) revoke your factory authorization for future Vaults; (iii) exercise any protective function available in the Protocol with respect to your Vault, where and to the extent the Operator holds the relevant on-chain role, in accordance with the Emergency Powers Policy; and (iv) disclose information about your Vault to competent authorities where required by Applicable Law. Where the Operator removes a Vault's visibility or revokes a Curator's authorization on grounds relating to the integrity of the Vault or the conduct of the Curator, it may publish that fact and the reason for it on the Interface. You waive any claim in defamation or otherwise in respect of a publication made in good faith under this Section.

6.2. These measures do not, by themselves, transfer control of your keys or your Vault's assets to the Operator, and do not relieve you of your obligations to your depositors.

7. Indemnification and Security

7.1. Indemnification by the Curator. To the maximum extent permitted by Applicable Law, you shall indemnify, defend and hold harmless the Operator and its Affiliates from and against all claims, demands, actions, damages, losses, costs and expenses (including reasonable legal fees) arising out of or relating to: (i) your operation of a Vault; (ii) any claim by a depositor in your Vault; (iii) your breach of these Curator Terms, the Terms or Applicable Law; (iv) any inaccuracy in information you published, including in your Vault Sheet; or (v) any regulatory action arising from your activity. This obligation survives termination and the closure of your Vault.

7.2. Security. As a condition of operating a Vault open to third-party deposits, you must maintain a deposit in your own Vault of not less than the greater of USD 5,000 and 5 percent of that Vault's net asset value, measured in the Deposit Asset at the last validated net asset value. This deposit may not be withdrawn while the Vault is open to third-party deposits and stands as partial security for your obligations under Sections 5.3 and 7.1. The required amount and the wallet address holding it are stated on your Vault Sheet. Where the Vault's net asset value rises so that your deposit falls below the required amount, you must restore it before the next settlement. The Operator may treat a shortfall as a ground for action under Section 6.

8. No Reliance

You acknowledge that: (i) the Operator provides infrastructure and interface services only and owes you no advisory, fiduciary or supervisory duty; (ii) the Operator does not review or approve your strategy; and (iii) you have not relied on any statement of the Operator in deciding to operate a Vault.

9. General

The provisions of the Terms on disclaimers, limitation of liability, governing law, dispute resolution, amendments, notices and general matters (Terms, Sections 12, 13, 18, 19 and 20) apply to these Curator Terms as if set out in full, with references to the "User" read as references to the Curator.

SuperStrat Curator Terms, Version 1.1.0. The authoritative version of this document and its cryptographic hash are published at superstrat.io/curator-terms.