Legal
Terms
Using Uselane means accepting what follows. It is written to be read rather than skipped.
Uselane is experimental software for taking positions on price movement. You can lose the entire amount you put into any position. The contracts have not been audited. Do not put in more than you are prepared to lose in full.
What Uselane is
Uselane is a venue for skill markets. You draw a lane on a live price and take a side, and the outcome is decided by that price against the edges you set. A neutral reserve is the counterparty to every position, and its margin is a published fee.
Current status
Uselane runs on a public testnet. You play in $tLANE, a test token with no monetary value, obtained free from a faucet. The $LANE token does not exist yet and no contract address has been published. Any token, address, presale or airdrop claiming to be $LANE before we publish an address on this site is not ours.
Pricing, fees and settlement rules on testnet are the ones intended for mainnet, but they may change before launch. Testnet balances and positions carry no claim on anything at mainnet unless a published campaign says otherwise.
Eligibility
- You are at least 18 and have capacity to enter this agreement.
- You are not accessing the venue from a jurisdiction where doing so breaks its law, and you are not subject to sanctions that prohibit it.
- You are not using the venue on behalf of anyone who fails the points above.
Working out what applies where you live is your responsibility. We do not give legal advice and nothing here is a representation that use is lawful in your jurisdiction.
Not advice, and not a broker
Nothing on this site is financial, investment, legal or tax advice. We do not manage assets, hold funds, execute orders on your behalf, or make recommendations. Every position you open is your decision.
Your wallet
You are solely responsible for your wallet, your keys and your seed phrase. We cannot recover them, reverse a transaction, or move funds on your behalf. A transaction you sign is final.
Risks, stated plainly
- Total loss. A losing position settles at zero. That is the intended behaviour, not a malfunction.
- Unaudited code. No independent audit has been completed. Smart contracts can carry bugs that drain funds.
- Oracle dependence. Outcomes rest on a third-party price feed. A feed fault or outage can affect settlement, though a lane reaching its end settles without a report.
- Operator dependence. Prompt liquidation depends on the operator publishing proof in its next batch. If the operator stops, your fallback is reclaiming your deposit after a bounded window.
- Reserve drawdown. The reserve is a loss-bearing counterparty. Caps bound what it can owe, but it can draw down.
- Volatility. Crypto and equity prices move fast and can gap through an edge.
- Regulatory change. Rules covering this activity can change without notice and may restrict access.
Fees
Fees are published in the documentation and shown in the ticket before you open anything: an open fee, a profit fee charged only on profit, a creator royalty carved out of that profit fee, and a penalty on an early close. We may change them, and changes take effect for positions opened after the change, never retroactively.
What you agree not to do
- Attack, overload or attempt to exploit the venue, its contracts or its infrastructure.
- Use it to launder money or to move the proceeds of crime.
- Misrepresent yourself as Uselane, or promote a token as $LANE before we publish an address.
- Interfere with another user's access or positions.
Automated trading by agents is allowed and expected. The rules are a contract and the data is public.
Availability
The site and the app are provided as they are, without warranty of any kind. We may change, suspend or discontinue any part of them at any time, including the testnet.
Liability
To the maximum extent the law allows, Uselane and the people who build it are not liable for lost profits, lost tokens, lost data, or any indirect or consequential loss arising from your use of the venue. Where liability cannot be excluded, it is limited to the fees you paid us in the three months before the claim.
Changes to these terms
If these terms change, the date at the top changes with it. Continuing to use the venue after a change means you accept the new version.
Contact
Write to team@uselane.xyz or reach us on X.