# General Disclaimer Trading perpetual contracts involves substantial risk of loss, particularly when using leverage. Crypto-assets and derivatives referencing traditional assets can be highly volatile. Do your own research before engaging in any trading activity. XYZ perpetuals are deployed on the Hyperliquid blockchain via HIP-3. Hyperliquid is a decentralized, permissionless protocol operated by an independent validator set. XYZ markets are accessible via the Hyperliquid API and other compatible clients. trade\[XYZ] is a non-custodial trading interface; it does not hold user funds, intermediate trades, or control trade execution. trade\[XYZ] is not available in the United States or to U.S. persons, or in other restricted jurisdictions. Nothing on this site constitutes legal, financial, tax, or investment advice, nor an invitation to act. Returns are not guaranteed and you may lose your entire investment. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.trade.xyz/legal-and-disclaimers/general-disclaimer.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.