Terms of Service

By signing in to Limnal Research ("Limnal," "we," "us"), you agree to these Terms of Service. If you do not agree, do not use the service. We may update these terms; the effective date above will reflect the latest version.

Limnal Research is a daily-updated macro-regime allocation research product. We translate signals from public economic data, public market data, and our own quantitative models into a portfolio recommendation that you can audit against a multi-month backtest. The service is currently in private beta; access requires admin invitation.

Limnal provides information and analytics, not investment advice. We are not a registered investment adviser, broker-dealer, or fiduciary. Nothing on the site constitutes a personal recommendation, an offer to buy or sell securities, or a solicitation of any kind. Past performance, including the backtested results displayed on the site, does not guarantee future results. Backtests have inherent limitations: they are hypothetical, not actually traded, and may not reflect transaction costs, liquidity constraints, or behavioral factors that affect real-world portfolios.

Any decision to allocate capital is yours alone. You are responsible for assessing whether information on Limnal is appropriate for your circumstances, and for consulting a licensed professional before acting.

You must be at least 18 years old and capable of entering a binding contract to use Limnal. By signing in, you represent that you meet these requirements and that you are not located in a jurisdiction that prohibits use of the service.

Access requires sign-in via Google OAuth and admin approval. We may grant, deny, or revoke access at our discretion, including for non-payment, abusive use, or business reasons. You agree not to share your account, attempt to access accounts other than your own, or circumvent the access controls.

You agree not to:

• Scrape, mirror, or systematically extract content from the service.
• Resell, redistribute, or republish Limnal content as your own.
• Reverse-engineer, decompile, or attempt to derive the source code or model parameters beyond what is publicly disclosed on /welcome and /performance.
• Probe, scan, or test the vulnerability of the service.
• Use the service for unlawful purposes or to harm others.
• Misrepresent Limnal output as personal investment advice from Limnal to any third party.

The Limnal site, the model methodology, the backtest results, the synthesized prose, the design, and the code are owned by Limnal Research or its licensors. You receive a limited, revocable, non-exclusive license to use the service for your own personal research while your account is active. You retain ownership of any content you contribute (such as feedback); you grant us a non-exclusive license to use that feedback to improve the service.

Limnal relies on Google (sign-in), Supabase (data storage), Vercel (web hosting), Railway (backend hosting), and Anthropic (synthesis prose). Your use of those services through Limnal is also governed by their respective terms. We are not responsible for outages, failures, or policy changes by those providers.

Limnal is provided "as is" and "as available." We make no warranties — express, implied, statutory, or otherwise — including warranties of merchantability, fitness for a particular purpose, accuracy, completeness, or non-infringement. We do not warrant that the service will be uninterrupted, error-free, or that any model output will be correct or profitable.

To the maximum extent permitted by law, Limnal Research and its operators will not be liable for any indirect, incidental, special, consequential, or punitive damages, or for any loss of profits, revenue, data, or trading losses, arising from or relating to your use of the service. Our aggregate liability for any claim relating to the service will not exceed one hundred US dollars (USD 100).

You agree to indemnify and hold harmless Limnal Research and its operators from any claims, damages, or expenses (including reasonable attorneys' fees) arising from your use of the service, your violation of these terms, or your infringement of any third-party right.

You may stop using the service at any time. We may suspend or terminate your access at any time, with or without notice, for any reason, including violation of these terms. Sections that by their nature should survive termination (intellectual property, disclaimers, limitation of liability, indemnification, governing law) will survive.

These terms are governed by the laws of the United States and the state in which Limnal Research's principal operator resides, without regard to conflict-of-law rules. Any dispute will be resolved in the state or federal courts of that jurisdiction, and you consent to that exclusive venue.

We may revise these terms as the product evolves. Material changes will be communicated via email to active accounts. Continued use after a change indicates acceptance of the updated terms.

Questions about these terms: aakash.desai@gmail.com.