The honest fine print.

1. Who holds the funds

Liquid does not custody your funds. Mobile wallets are Privy-backed embedded accounts you unlock with a passkey. If you lose access to your device and recovery method, funds may be permanently unrecoverable. We cannot reset wallets or reverse transactions.

2. Not advice

Nothing displayed in the app or on this website constitutes investment, tax, legal, or financial advice. Prices, returns, market data, vault APYs, and agent suggestions are informational only.

3. xStocks and tokenized real-world assets

xStocks are tokens issued by third parties that aim to track the price of a publicly traded equity. They are not the underlying share. You are not a shareholder of the referenced company, you do not receive voting rights, and dividend pass-through (if any) depends entirely on the token issuer’s structure. Read the issuer’s prospectus before trading.

4. Perpetual futures

Perpetual futures executed through Liquid route to third-party orderbooks (currently Hyperliquid). Leverage up to 40× is supported on major markets. Leveraged trading can produce losses greater than your initial collateral if liquidation cannot be executed at the theoretical liquidation price. Funding rates, slippage, and venue outages are risks you accept when you open a position.

5. DeFi yield

Yield strategies surfaced in “Earn” route deposits to third-party protocols (Aave, Morpho, Lido, Pendle and others). APYs are variable and based on recent historical performance — past performance does not guarantee future returns. Smart-contract risk, oracle risk, liquidation risk, and depeg risk are real and uninsured. Some strategies may not be available in all jurisdictions.

6. Bridges and cross-chain

Cross-chain swaps and bridge routes use third-party messaging protocols. Bridges have historically been the highest-risk surface in crypto. Liquid surfaces what we believe to be the safest route at the time of quote — that is not a guarantee of safety.

7. The Liquid Card

The Liquid Card is waitlist-only today — no card is issued yet. When offered, it will be issued by a regulated third-party issuer (named in your cardholder agreement at the time you order one). We are working with Global Payments as a partner; details of that program will be disclosed when they are public. Spend, FX, ATM, and chargeback rules will be governed by the issuer’s agreement. Liquid is not the issuer or the card network — we are the software interface.

8. Agents

Lucy proposes actions (sends, splits, checkouts, ride handoffs). She does not run recurring or unattended payouts. Every action requires your approval. You are responsible for what you approve.

9. Security posture

Liquid is in active development. Our security model relies on Privy embedded wallets, passkeys, and an approval step before any move. We are not yet audited by an external security firm — an independent audit is planned and we will publish the report on this page once it is complete. Until then, treat Liquid the way you should treat any pre-audit software: start with small amounts, and don’t hold funds you can’t afford to lose.

10. Sanctions and geography

Liquid is not available to users in comprehensively sanctioned territories or to users on a US or EU sanctions list. Certain features (xStocks, the Card, specific yield strategies) may be further restricted by your local regulator and will be hidden when we can detect that you are in a restricted jurisdiction.

11. Trademarks

Logos and names referenced in the app (Shopify, Uber, Hyperliquid, Aave, Morpho, Global Payments, and so on) are trademarks of their respective owners. We reference them to identify the third-party services involved. No endorsement, sponsorship, or affiliation is implied unless explicitly stated.

12. Reporting an issue

Security disclosures go to legal@liquidoc.xyz. Product or account questions go to support@liquidoc.xyz.