Terms of Service

In support of its broader mission to foster the continued growth of innovative, responsible, and mature onchain financial markets, the Solana Foundation (the “Sponsor”) is offering incentives under its onchain markets program (the “Program”, via https://trading.solana.com) to recognize trading participants for demonstrated participation in and support of trading on various onchain trading protocols. Participation in the Program is voluntary.

The Program, this website, and your access to and use of it are subject to the general Solana website terms of service accessible here: https://solana.com/tos, which are hereby incorporated herein. The Program is also subject to the following additional terms, which may be amended, supplemented, or replaced by the Sponsor in its sole discretion.

Disclaimer

The Sponsor does not independently endorse, recommend, or approve any specific onchain trading protocol, notwithstanding whether any such protocol is referenced, listed, or otherwise included as part of this Program.

All participants are solely responsible for conducting their own and independent due diligence, including but not limited to technical audits, security reviews, legal and regulatory analysis, and any other education, evaluation, or risk assessment they deem necessary or appropriate to assess such protocol’s technology, security, functionality, governance, or suitability for any purpose. The Sponsor makes no representations or warranties, express or implied, regarding the safety, reliability, legality, performance, or any other attributes of any protocol or the trading activity conducted thereon. Trading via onchain protocols involves significant risks, including but not limited to smart contract vulnerabilities, loss of funds, data and pricing availability, regulatory uncertainty, and market volatility. Participants assume all risks associated with their trading activities.

Trading Code of Conduct

In order to be considered for participation in the Program, you agree to comply with the following trading code of conduct (the “Code of Conduct”), which reflects general principles of fair and orderly market practices. Under this Code of Conduct, you are agreeing to not engage in, or attempt to engage in, directly or indirectly:

  1. Market manipulation or any attempt to manipulate prices or trading activity;
  2. Wash trading or other forms of fictitious or non-bona fide trading;
  3. Uneconomic trading or trading that lacks a legitimate economic purpose;
  4. Spoofing, layering, or any other form of deceptive order placement or cancellation;
  5. Insider trading or trading while in possession of material non-public information;
  6. Disruptive or disorderly trading practices that interfere with the fair and efficient functioning of any market or protocol; or
  7. Any other trade practices that are inconsistent with fair, orderly, and transparent markets.

Participants further agree to abide by all applicable laws, regulations, and rules and terms of any relevant jurisdictions, protocols, or platforms. The Sponsor may require participants to provide further information, attestations, or evidence of compliance as a condition of continued Program eligibility.

Reservation of Rights

The Sponsor reserves the right, in its sole and absolute discretion, to determine eligibility for the Program, to limit, restrict, suspend, or prohibit any participant’s participation or receipt of rewards, and to modify, suspend, or terminate the Program at any time, with or without notice, for any reason or no reason. Such decisions are final and binding.

No Legal or Financial Advice

Nothing in this Program, these terms, or any related communications constitutes legal, financial, tax, investment, or other professional advice. Participants should consult their own qualified advisors.