Narflux Collaboration Terms
Last Updated: 8 June 2026
These Narsil USDT Prime Collaboration Terms (“Agreement”) shall apply to all users who participate in the Narsil USDT Prime Collaboration available on the Trading Platform. Your access to and participation in the Narsil USDT Prime Collaboration shall constitute your agreement to the terms of this Agreement.
All capitalised terms and references used in this Agreement that are defined and construed in the Flipster Terms of Use (the “Terms of Use”) but are not defined or construed in this Agreement shall have the same meaning and construction in the Terms of Use. For the avoidance of doubt, where a term is defined in the Terms of Use and in this Agreement, the definition provided in this Agreement shall (for the purposes of this Agreement only) apply.
The terms in this Agreement shall be supplemental to and are to be read together with the Terms of Use. In the event of any conflict or inconsistency between the terms in this Agreement or the Terms of Use, the terms in this Agreement shall prevail with respect to the services contemplated hereunder unless expressly stated otherwise.
Unless otherwise expressly agreed by us in writing, this version of this Agreement shall replace and supersede all previous versions of this Agreement that may have been accepted by you or otherwise made available on the Trading Platform.
The headings of each provision in this Agreement are inserted for convenience only and shall not affect the construction of this Agreement. Expressions in the singular form shall include the plural and vice versa, and all references to the masculine genders shall include the female and neuter genders and vice versa.
The words “include” or “including” shall be deemed to be followed by “without limitation” or “but not limited to” whether or not they are followed by such phrases or words of like import, and “otherwise” shall not be construed as limited by words with which it is associated
General Risk Disclosure
Our Trading Platform provides access to Derivatives on cryptocurrencies. Futures are leveraged products which are complex and may not be suitable for inexperienced investors. Please also refer to clause 20 of our Terms of Use for full disclosure on all the risks related to the use of the Trading Platform.
Narsil USDT Prime Collaboration
The Narsil USDT Prime Collaboration is a collaboration between us and Narsil Labs Limited (“Narsil”) where certain features are made available by us for eligible users on the Trading Platform to enable you to mint and redeem the nrsUSDTp token (the “Narsil Token”). By minting or redeeming the Narsil Token, you shall be deemed to have read and agreed with the Minting & Redeeming Specific Terms. For avoidance of doubt, Narsil is a DeFi Platform as described under the Dynamic Earn Terms.
You agree and acknowledge that the Narsil Token you receive in your Account by participating in the Narsil USDT Prime Collaboration are not issued, backed or guaranteed by us. You agree and acknowledge that by holding the Narsil Token, you have read and agreed with the relevant terms as may be promulgated by the issuer of the Narsil Token from time to time (the “Narsil Terms”).
We make no representation regarding: (a) the legal classification of the Narsil Token in any jurisdiction;(b) the stability, value, redemption rights, or risk profile of the Narsil Token; and (c) the performance of the underlying mechanisms and smart contracts used by the issuer and/or manager of the Narsil Token.
You acknowledge that minting, holding and redeeming the Narsil Token or otherwise participating in the Narsil USDT Prime Collaboration involves material market, liquidity, technology and protocol risks, and that the Narsil Token may not maintain price parity between its minting price and redemption value.
Eligibility
Your access to participate in the Narsil USDT Prime Collaboration is subject to: (a) having an unrestricted Account and completing and passing our KYC/AML checks; (b) residents of any jurisdiction where the activities contemplated under the Narsil USDT Prime Collaboration are illegal; (c) residents of any Prohibited Jurisdictions; (d) all eligibility requirements set out under the Terms of Use; and (e) our approval or suspension at our sole discretion.
In addition to Prohibited Jurisdictions, we may refuse access to users in other restricted jurisdictions, including but not limited to those where all or part of the activities under the Narsil USDT Prime Collaboration is prohibited.
In addition to the foregoing, your eligibility is subject to any eligibility requirements as may be set out in the Narsil Terms.
Rewards
Narsil Tokens held in your Account may accrue rewards at rates published on the Trading Platform or as may be provided directly by the issuer of the Narsil Token.
Such rewards: (a) may be distributed by us to your Account, solely as a facilitator between users and the DeFi Platform (i.e. Narsil); (b) are variable, non-guaranteed, and subject to change without notice; (c) paid in the Narsil Token, USDT or other digital assets at our sole discretion.
Notwithstanding anything to the contrary or as may be implied or suggested by any marketing material in relation to the Narsil USDT Prime Collaboration, we do not guarantee any rewards, yield, returns or similar benefits. You agree and acknowledge that all such marketing material, whether on the Trading Platform or otherwise, shall not be construed contrary to this Agreement.
Any rewards distributed or intended to be distributed to you, may be delayed, adjusted, clawed back, or canceled in the event of: (a) abuse or suspicious activity; (b) abnormal market conditions; (c) force majeure events; or (d) errors in calculation.
Fees
We may charge fees for (a) protocol fees charged by Narsil; (b) network or gas fees incurred as part of the Narsil USDT Prime Collaboration; (c) platform fees by the Trading Platform; (d) requests to mint or redeem the Narsil Token; and/or (e) distributions of rewards.
Any such fees to be deducted from your Account will be disclosed and you will be required to authorize us to make such deduction, and any such fees to be deducted from your rewards will be notified on the Trading Platform, as may be updated from time to time.
No Warranty and Limitation of Liability
Further to Clause 31 of the Terms of Use, for avoidance of doubt, all activities under the Narsil USDT Prime Collaboration, including but not limited to minting and redemption requests, utilisation of the Narsil Token as an asset for cross margin, or receipt of rewards, are provided on an “as is” basis without warranties.
Participating users shall bear all risks of loss associated with participating in the Narsil USDT Prime Collaboration.
Further to Clause 32 of the Terms of Use, for avoidance of doubt, we shall not be liable for: (a) losses attributable to Narsil; (b) technical failures of smart contracts or protocols used in the Narsil USDT Prime Collaboration; (c) delays or failures in the minting or redemption process; and (d) losses arising from changes in the value of the Narsil Token.