Ethena Perp

This page provides general market information. It is not investment, financial, legal, or tax advice, a personalized recommendation, or an offer or solicitation to buy or sell any asset or financial instrument. Market listings, rankings, and related-market suggestions do not constitute endorsements. Assess whether trading is appropriate for your circumstances and seek independent professional advice where needed. Past performance is not a reliable indicator of future results.

Digital assets and perpetual futures involve substantial risk. Leverage magnifies both gains and losses, and adverse price movements can trigger liquidation and the loss of all collateral committed to trading. Funding payments, trading fees, slippage, and limited liquidity can affect returns and your ability to enter or exit a position. Prices can move rapidly. Only trade with funds you can afford to lose.

Prices, charts, statistics, and descriptions are informational snapshots from N1 and third-party sources. They may be delayed, incomplete, inaccurate, or unavailable and are not executable quotes. Token market data describes the underlying asset across the wider market; N1 market data describes its perpetual market on N1. Mark prices, index prices, and actual execution prices can differ. Displayed funding rates and leverage limits may change. Confirm current prices, contract specifications, fees, and margin requirements in the trading app before placing an order.

Perpetual contracts provide price exposure and do not confer ownership of, or a right to delivery or redemption of, the underlying asset. Index-linked markets, including trading-card indices, carry additional valuation, methodology, and reference data risks; index composition and weights may change. Network disruptions, software vulnerabilities, oracle failures, wallet compromise, and other technical or security incidents may cause losses or prevent access to funds or trading. Uninterrupted access is not guaranteed.

Products and services may not be available in all jurisdictions or to all users. Access is subject to applicable laws, eligibility requirements, and N1’s Terms of Service. You are responsible for complying with applicable laws and your tax obligations. This notice summarizes key risks and does not describe every possible risk or replace the applicable terms.