This NAV Pooled Account User Agreement outlines the terms governing your use of the NAV pooled account service ("Service") provided by OKX. Please read these terms carefully before proceeding.
Introduction and Acceptance
The Service allows users to deposit digital assets for management by third-party trading teams. By accessing or using this Service, you confirm that you have read, understood, and agreed to be bound by these terms. If you do not accept these terms, you must immediately cease using the Service.
This Agreement supplements our standard Terms of Service. In case of any conflict between these documents, this Agreement shall prevail. Capitalized terms not defined herein have the meanings assigned to them in our Terms of Service.
Eligibility Requirements
To use this Service, you must meet specific eligibility criteria:
- You must be eligible to use OKX services under our Terms of Service
- Possess sufficient experience and risk tolerance for non-guaranteed cryptocurrency products
- Have the ability to perform internet-based operations
- Ensure your use of the Service complies with all applicable laws in your country or region
- Be the legal owner of all digital assets deposited, with funds originating from legitimate sources
You agree not to use the Service for any illegal activities, including money laundering, fraud, terrorist financing, or market manipulation. Always consider your personal risk tolerance and financial circumstances before making investment decisions.
Understanding the Service Mechanics
How the NAV Pooled Account Works
The Service enables you to deposit digital assets into a pool managed by selected third-party trading teams. These teams employ various strategies to manage the collective assets:
- Your assets are combined with those of other users ("Pooled Assets")
- The trading team executes trades based on their specific strategies
- Your entitlement corresponds to your proportional contribution to the total pool
- You irrevocably authorize OKX to transfer your digital assets to trading team accounts for management
Subscription and Redemption Process
Subscription involves depositing digital assets during specified availability periods. Once made, subscription decisions are final and cannot be canceled, revoked, or edited.
Profit and loss (PnL) on your Pooled Assets begins accruing on T+1 from the subscription settlement date, reflected in the Net Asset Value (NAV) calculation.
To redeem assets, submit a redemption request through the Platform. Generally, your redeemed Pooled Assets plus earned PnL will be credited to your account within 48 hours after the redemption settlement date expires. During the period between redemption settlement and actual credit to your account, you cannot make additional requests or instructions regarding these assets.
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Comprehensive Risk Management
The Service employs multiple mechanisms to control risks, including:
- Tiered Maintenance Margin Ratio systems
- Auto-deleveraging (ADL) protocols
- Forced repayment mechanisms
OKX reserves the right to introduce additional risk control measures and may update these mechanisms at any time. For material updates, you will be required to accept the revised terms before continuing Service access.
If your position size or open orders accumulate to levels that risk other users, OKX reserves the right to cancel orders or close positions partially or fully.
Important Risk Disclosures
Using the Service involves significant risk, including potential loss of principal. Key risks include:
- Losses resulting from trading strategies employed by trading teams
- Inability to trade digital assets during the commitment period
- Price volatility causing significant losses in short periods
- Technical anomalies delaying or preventing transactions
- Market anomalies resulting in asset losses
- Platform policy changes affecting Service terms
Historical returns do not indicate future performance. OKX does not guarantee full repayment of your Pooled Assets or any specific yield. Any return representations at subscription are estimates only, not guarantees.
Digital assets involve high risk, including market risk, smart contract risk, liquidity risk, oracle risk, volatility risk, and legal/compliance risks. They are not legal tender, and their value isn't government-guaranteed. Digital asset investment isn't suitable for all investors.
Account Monitoring and Error Resolution
You can view your account history on the Platform. Carefully review this history and report any unrecognized or incorrect entries to OKX within 14 days of their appearance.
OKX may rectify account errors at any time and reserves the right to void or reverse transactions involving manifest errors or to reflect what we reasonably consider correct or fair transaction details.
We may be required under applicable laws to share information about your account and Platform usage with third parties. You acknowledge and consent to such disclosures.
User Responsibilities and Limitations
The trading market is volatile and may change rapidly. You are fully responsible for:
- All trading and non-trading activities in your account
- All gains and losses from using OKX services
- All assets and liabilities in your OKX account
- All financial obligations on the platform
OKX provides a technological platform only and is not a party to contractual arrangements between you and trading teams. We are not liable for investment losses you may incur.
Platform Limitations and Liability Exclusion
OKX services are provided "as is" without warranties of any kind. We do not guarantee service continuity, accuracy, or reliability. Some jurisdictions don't allow implied warranty exclusion, so this limitation may not apply to you.
OKX shall not be liable for losses arising from:
- Service maintenance suspensions
- Hacker attacks on the platform
- Telecom equipment failures
- Force majeure events (typhoons, earthquakes, government actions, etc.)
- Service interruptions from technical issues, website upgrades, or government regulations
- System damage or defects
- Technically unforeseeable or unsolvable problems
- Third-party faults or delays
- Changes in laws or government orders
Software protocols underlying digital assets are typically open-source projects, meaning their development and control are outside OKX's control. These protocols may change suddenly and dramatically, affecting digital asset availability, usability, or value.
Frequently Asked Questions
What is a NAV Pooled Account?
A NAV Pooled Account allows multiple users to pool their digital assets under professional management by third-party trading teams. Your share of the pool's value is determined by your proportional contribution, and returns are based on the performance of the collective assets.
How are returns calculated and distributed?
Returns are calculated based on the Net Asset Value (NAV) of the pooled assets. Profit and loss begin accruing on T+1 from the subscription settlement date. Upon redemption, your share of the assets plus earned returns is generally credited to your account within 48 hours after the redemption settlement date.
What risks should I consider before using this service?
Significant risks include potential loss of principal, market volatility, trading strategy risks, technical failures, platform policy changes, and inability to access funds during the commitment period. Digital assets are high-risk investments not suitable for all investors.
Can I cancel my subscription once made?
No, any subscription selection is final and cannot be canceled, revoked, or edited once completed. Carefully consider your decision before subscribing to the service.
How does OKX protect against market manipulation?
OKX prohibits unfair trading behaviors and reserves the right to take action against accounts involved in price manipulation, market distortion, or exploiting service vulnerabilities. Actions may include closing accounts, limiting trading, or canceling transactions.
What happens if there's a technical issue with the platform?
OKX is not liable for losses resulting from technical anomalies, system failures, or service interruptions. While we implement robust systems, technical issues may occasionally delay or prevent service access or transaction execution.
Governing Law and Dispute Resolution
These Terms are governed by English and Welsh law, without regard to conflict of law principles. Any disputes shall first be referred to mediation proceedings at the Hong Kong International Arbitration Centre (HKIAC). If unresolved within 90 days, disputes shall be resolved by arbitration administered by HKIAC under its rules.
The arbitration seat shall be Hong Kong, with three arbitrators (one appointed by each party, the third by HKIAC's Chairman). Proceedings shall be conducted in English, and any award shall be final, binding, and enforceable in any competent court with jurisdiction.
Agreement Modifications and Miscellaneous
OKX reserves the right to modify these Terms unilaterally when necessary. Changes may occur without prior notice, with revised contents posted on our website. Your continued Service use following changes constitutes acceptance. If you don't accept revisions, you must stop using the Services.
If any provision is invalid, illegal, or unenforceable, the remaining provisions remain effective. Headings are for convenience only and don't interpret meaning. The English version prevails over translations, and OKX has final discretion in interpreting these Terms.