> For the complete documentation index, see [llms.txt](https://docs.trade.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.trade.xyz/legal-and-disclaimers/general-disclaimer.md).

# General Disclaimer

General legal and risk disclosures for trade\[XYZ] documentation and products.

Trading digital assets, derivatives, perpetual contracts, and Events involves substantial risk of loss. Prices can be volatile, markets can be illiquid or unavailable, and technical or data-source failures can affect trading or settlement. You may lose the full amount committed to a position. Leveraged products can magnify losses.

The `xyz` HIP-3 deployment and `txyz` HIP-4 venue operate on Hyperliquid. HyperCore processes orders, balances, positions, and settlement onchain through Hyperliquid’s validator set. trade\[XYZ] provides a non-custodial interface and does not hold user assets or control HyperCore.

Information on this site is provided for general informational purposes. It is not legal, financial, tax, investment, or trading advice, and it is not a recommendation, solicitation, or guarantee of any outcome. Market descriptions, specifications, schedules, fees, and external links may change.

Access is prohibited where restricted by the [Terms of Use](https://trade.xyz/terms), including to United States persons, in the United States, or in other restricted jurisdictions. Nothing in this site constitutes legal, financial, tax, or investment advice, nor an invitation to act. Returns are not guaranteed and you may lose all principal.

Review product-specific disclosures for [Perpetuals](/legal-and-disclaimers/perpetuals-risks-and-disclaimers.md) and [Events](/legal-and-disclaimers/events-risks-and-disclaimers.md) before accessing these products.


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# Agent Instructions
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