Derive Data Usage Policy

Updated: 30 June 2026

Table of Contents

  1. Status of this policy

  2. Permitted uses

  3. Prohibited uses

  4. Commercial and derived data licensing

  5. Third-party data

  6. No data warranty or benchmark reliance

  7. API, WebsSocket and feed access

  8. Enforcement

1. Purpose and scope

1.1 This Derive Data Usage Policy (the "Policy") forms part of the Derive Terms of Use and applies to all access to and use of Derive Data.

1.2 This Policy applies whether Derive Data is accessed through the Application, user interface, API, WebSocket stream, public endpoint, data feed, downloadable file, market data file, historical dataset, cache, screenshot, export, or any other method.

1.3 By accessing or using Derive Data, you agree to comply with this Policy, the Derive Terms of Use, the Trading Rules, and any separate written agreement that applies to your access to or use of Derive Data.

2. Definitions

2.1 "Application" has the meaning given in the Derive Terms of Use.

2.2 "Authorised Commercial Data Distributor" means any affiliate, licensor, service provider, or other person authorised by Lyra Technologies Corp. or its licensors to commercialise, license, sublicense, distribute, provide access to, or administer commercial access to Derive Data.

2.3 "Derive Data" means any data, information, content, output, API response, price, quote, mark, index, oracle value, volatility value, theoretical value, orderbook data, RFQ data, trade data, settlement data, liquidation data, account data, analytics, metric, report, or other information made available through or in connection with the Application, whether displayed in the user interface, provided through an API, downloadable, transmitted, cached, or otherwise accessible.

2.4 "Terms" means the Derive Terms of Use, as amended or supplemented from time to time.

3. Limited permitted use

3.1 Subject to your compliance with the Terms, the Trading Rules and this Policy, you may access and use Derive Data solely for your own personal or internal trading, risk management, account monitoring, research and operational use in connection with your permitted use of the Application.

3.2 Any use of Derive Data beyond this limited use requires prior written consent from Lyra Technologies Corp., its licensor, its affiliate, or an Authorised Commercial Data Distributor, and may require a separate data licence, API agreement, market data agreement, commercial agreement, or other written agreement.

3.3 Access to the Application does not include any right to receive, use, redistribute, store, commercialise, benchmark, index, value, publish, resell, sublicense, scrape, systematically extract, or create derived products from Derive Data except as expressly permitted under the Terms, this Policy, or a separate written agreement.

4. Prohibited uses

4.1 Unless expressly permitted under a separate written agreement with Lyra Technologies Corp., its licensor, its affiliate, or an Authorised Commercial Data Distributor, you must not:

(a) redistribute, resell, sublicense, publish, broadcast, syndicate, transmit, or otherwise make Derive Data available to any third party;(b) use Derive Data for any commercial purpose, including in connection with any trading service, brokerage, exchange, venue, data product, index, benchmark, analytics product, research product, API, bot, model, signals product, dashboard, or other commercial offering;

(c) create, calculate, publish, distribute, or maintain any derived dataset, index, benchmark, fixing, pricing service, valuation service, marks service, settlement service, market data product, database, analytics product, or other product or service using Derive Data;

(d) use Derive Data to train, fine-tune, ground, validate, evaluate, populate, improve, or operate any artificial intelligence, machine learning, statistical, quantitative, or similar model or system;

(e) scrape, harvest, cache, store, systematically extract, bulk download, or collect Derive Data by automated means, whether through bots, crawlers, spiders, scripts, API polling, WebSocket capture, or otherwise;

(f) use Derive Data to support, operate, or develop any derivatives exchange, options protocol, orderbook trading venue, RFQ venue, execution venue, or market data product that competes with the Application, the Derive protocol, Lyra Technologies Corp., Derive Foundation, Derive Labs Corporation, or any related market data service;

(g) use Derive Data, alone or combined with other information, to identify or attempt to identify any person or entity behind any wallet, subaccount, order, RFQ, quote, trade, position, strategy, or trading firm;

(h) publish, disclose, or distribute any research, report, dashboard, alert, model output, or analysis that identifies or purports to identify the trading activity, positions, performance, strategies, or identity of any individual user, wallet, subaccount, or trading firm;

(i) remove, obscure, or alter any proprietary notice, attribution, watermark, or identifier relating to Derive Data;

(j) circumvent or attempt to circumvent any access control, authentication requirement, usage limit, rate limit, monitoring tool, download restriction, API restriction, or technical control; or

(k) use Derive Data in violation of applicable law or in a way that could impair market integrity, system security, data rights, third-party rights, or commercial data licensing arrangements.

5. Public endpoints, APIs and feeds

5.1 Access to public or semi-public APIs, WebSocket streams, feeds, files, dashboards, pages, or endpoints does not make Derive Data free for unrestricted commercial use.

5.2 Use of Derive APIs, WebSocket streams, feeds, files, dashboards, public endpoints, and website data is subject to the Terms and this Policy, whether or not the relevant endpoint requires authentication.

5.3 Commercial use, redistribution, derived data products, benchmarks, indices, valuation services, pricing services, oracle services, analytics products, research products, dashboards, systematic extraction, scraping, or AI/ML use of Derive Data requires prior written consent or a separate written agreement with Lyra Technologies Corp., its licensor, its affiliate, or an Authorised Commercial Data Distributor.

5.4 We may require API key registration, authentication, rate limiting, throttling, IP allowlisting, contractual commitments, technical controls, or other conditions for access to Derive Data.

5.5 Circumvention of technical controls, authentication requirements, rate limits, IP limits, robots instructions, access controls, or other restrictions is prohibited and may result in suspension, termination of access, legal claims, or other remedies.

6. Ownership and third-party data

6.1 As between you and Lyra Technologies Corp., Lyra Technologies Corp. and its affiliates and licensors own all right, title, and interest in and to Derive Data, including all intellectual property, database, compilation, contractual and other rights therein, and you have no rights in or to Derive Data except as expressly granted under the Terms, this Policy, or a separate written agreement.

6.2 Authorised Commercial Data Distributors may license Derive Data only to the extent authorised by Lyra Technologies Corp. or its licensors.

6.3 Derive Data may include, reference, incorporate, or be derived from third-party data, including oracle data, index data, market data, blockchain data, infrastructure data, analytics data, and other third-party data. Your right to use Derive Data does not include any separate right to use third-party data except as made available through the Application for the limited purposes permitted by the Terms, this Policy, or a separate written agreement.

6.4 Derive Data may be incomplete, inaccurate, delayed, interrupted, corrupted, unavailable, stale, or subject to error. Derive Data is provided as is and as available.

7. Monitoring and enforcement

7.1 We and our service providers may monitor access to and use of Derive Data, including API usage, WebSocket usage, endpoint access, market data access logs, download volume, egress, credential use, access patterns, IP addresses, devices, account identifiers, subaccount identifiers, and other usage information, in each case subject to the Privacy Policy.

7.2 We may impose rate limits, throttling, access restrictions, suspension, termination, licence requirements, audit requirements, reporting requirements, commercial terms, or other controls where we reasonably suspect breach of the Terms, this Policy, any separate written agreement, unauthorised use of Derive Data, excessive data use, or conduct that may impair the Application, the Derive protocol, market integrity, data rights, third-party data rights, or commercial data licensing arrangements.

7.3 You must provide information reasonably requested to verify compliance with this Policy or any separate written agreement governing Derive Data.

8. Separate written agreements

8.1 Nothing in this Policy limits any rights expressly granted under a separate written agreement with Lyra Technologies Corp., its licensor, its affiliate, or an Authorised Commercial Data Distributor.

8.2 In the event of conflict concerning commercial access to Derive Data, the separate written agreement prevails only for the specific commercial data matters expressly addressed in that agreement.

8.3 No separate written agreement limits the application of the Terms, the Trading Rules, market integrity rules, access restrictions, compliance restrictions, sanctions restrictions, monitoring rights, or other protective provisions unless that agreement expressly states that it overrides those provisions.

9. Changes to this Policy

9.1 This Policy may be amended, modified, updated, replaced, or supplemented from time to time in accordance with the Terms.

9.2 Your continued access to or use of Derive Data after any update constitutes acceptance of the updated Policy.

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