Options Trading Agreement

A1. Scope of Options Trading

Curve provides decentralized options trading functionality, allowing users to engage in permissionless, non-custodial contracts for calls, puts, and structured derivatives involving stablecoins and other crypto assets.

A2. Risk Disclosure Specific to Options

By participating in options trading, you acknowledge that:

• Options involve leveraged exposure and may result in total capital loss.

• Market prices are highly volatile and influenced by underlying asset movements, liquidity depth, and implied volatility.

• Smart contracts may fail or contain vulnerabilities, potentially resulting in unintended execution or loss of funds.

• Liquidity in options markets is not guaranteed, and certain positions may become illiquid before expiration.

You should only participate in options trading if you fully understand the mechanics of options pricing, Greeks, and the implications of open interest and margin.

A3. Margin and Collateral

Users are solely responsible for maintaining sufficient collateral for any open positions. Failure to maintain adequate balance may result in automatic liquidation without prior notice.

A4. Expiry and Settlement

Options contracts are settled on-chain, and outcomes are determined by decentralized oracles and automated mechanisms. Settlement failure due to oracle outage or network congestion is not the responsibility of the platform.

A5. Prohibited Uses

Options trading may not be used for:

• Coordinated price manipulation schemes

• Front-running Curve liquidity

• Circumventing regional regulatory restrictions

A6. Tax Responsibility

Income or capital gains derived from options trading may be taxable. Users are solely responsible for ensuring compliance with applicable tax laws in their jurisdiction.