1. Introduction

Welcome to DefiLend ("we," "us," "our"). By accessing or using our platform, mobile applications, or any other related services (collectively, the "Services"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, please do not use our Services.

These Terms constitute a legally binding agreement between you and DefiLend regarding your access to and use of the Services. Our Privacy Policy is incorporated by reference into these Terms.

2. Eligibility

To use the Services, you must be at least 18 years old and have the legal capacity to enter into these Terms in your jurisdiction. By using the Services, you represent and warrant that you meet these requirements.

You also represent and warrant that:

• You are not subject to economic or trade sanctions administered or enforced by any governmental authority;
• You are not located, organized, or resident in a country or territory that is subject to comprehensive country-wide or territory-wide sanctions;
• You are not using the Services on behalf of any person who is subject to such sanctions or located in such a country or territory;
• You are not otherwise prohibited from receiving or using our Services under applicable laws.

We reserve the right to restrict or deny access to the Services to anyone at any time and for any reason.

3. Wallet Connection and Credit Scoring

The DefiLend platform allows users to connect their cryptocurrency wallets to access our Services, including our proprietary wallet credit scoring system.

3.1 Wallet Connection

When you connect your wallet to our platform:

• You authorize us to read your wallet address and transaction history on the blockchain;
• You are responsible for maintaining the security of your wallet, including private keys, seed phrases, and passwords;
• You acknowledge that we do not store your private keys, seed phrases, or passwords.

3.2 Credit Scoring System

Our proprietary wallet credit scoring system analyzes your on-chain wallet history to determine your creditworthiness. By using our Services:

• You authorize us to analyze your wallet transaction history for credit scoring purposes;
• You acknowledge that credit scoring is performed algorithmically and is based solely on on-chain data;
• You understand that your credit score may change over time based on your wallet activity;
• You acknowledge that the credit scoring system does not constitute financial advice.

4. Lending and Borrowing

4.1 Zero-Collateral Loans

DefiLend offers zero-collateral loans based on our wallet credit scoring system. By applying for a zero-collateral loan:

• You agree to repay the loan amount plus interest according to the terms specified in your loan agreement;
• You acknowledge that failure to repay will negatively impact your wallet credit score;
• You understand that loan amounts and interest rates are determined by our credit scoring algorithm and market conditions.

4.2 Collateralized Loans

DefiLend offers collateralized loans where borrowers provide cryptocurrency assets as collateral. By using collateralized lending features:

• You agree that your collateral may be liquidated if you fail to repay your loan according to the agreed terms;
• You understand that liquidation is an automated process executed by smart contracts;
• You acknowledge that partial repayment will result in partial release of collateral as determined by the smart contract.

4.3 Providing Liquidity (Lending)

By providing assets to the DefiLend lending pool:

• You authorize our smart contracts to lend your assets to borrowers according to your specified terms;
• You acknowledge that while our system is designed to be risk-free through collateralization, no system is entirely without risk;
• You understand that interest rates may fluctuate based on market conditions and borrower demand;
• You agree that your assets may be locked for a specified period as indicated in your lending agreement.

5. Fees and Charges

DefiLend charges fees for certain services and transactions on our platform. These fees may include:

• Loan origination fees
• Platform service fees
• Early repayment fees (if applicable)
• Liquidation fees

All fees will be clearly displayed before you confirm any transaction. Fees are subject to change, and any changes will be updated on our platform and/or communicated to users.

Additionally, blockchain transactions may incur network fees (gas fees) that are not set or collected by DefiLend. You are responsible for all network fees associated with transactions you initiate.

6. Intellectual Property Rights

The DefiLend platform, including its content, features, and functionality, is owned by DefiLend and is protected by copyright, trademark, and other intellectual property laws. You may not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the material on our platform without our prior written consent.

The DefiLend name, logo, and all related names, logos, product and service names, designs, and slogans are trademarks of DefiLend or its affiliates. You may not use such marks without our prior written permission.

7. User Conduct

When using our Services, you agree not to:

• Use the Services in any manner that could disable, overburden, damage, or impair the platform;
• Use any robot, spider, or other automated device to access the Services;
• Introduce any viruses, trojan horses, worms, logic bombs, or other harmful material;
• Attempt to gain unauthorized access to, interfere with, damage, or disrupt any parts of the Services;
• Use the Services for money laundering, terrorist financing, or any other illegal activities;
• Impersonate or attempt to impersonate DefiLend, a DefiLend employee, another user, or any other person;
• Engage in any conduct that restricts or inhibits anyone's use of the Services.

8. Disclaimer of Warranties

The Services are provided on an "as is" and "as available" basis, without any warranties of any kind, either express or implied. DefiLend disclaims all warranties, including but not limited to implied warranties of merchantability, fitness for a particular purpose, non-infringement, and any warranties arising out of course of dealing or usage of trade.

We do not warrant that:

• The Services will meet your specific requirements;
• The Services will be uninterrupted, timely, secure, or error-free;
• The results that may be obtained from the use of the Services will be accurate or reliable;
• The quality of any products, services, information, or other material purchased or obtained by you through the Services will meet your expectations;
• Any errors in the Services will be corrected.

9. Limitation of Liability

To the fullest extent permitted by law, DefiLend, its partners, affiliates, employees, agents, contractors, and service providers shall not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, including but not limited to damages for loss of profits, goodwill, use, data, cryptocurrency assets, or other intangible losses, resulting from:

• Your use of or inability to use the Services;
• Any unauthorized access to or use of our servers and/or any personal information stored therein;
• Any interruption or cessation of transmission to or from the Services;
• Any bugs, viruses, trojan horses, or the like that may be transmitted to or through the Services;
• Any errors or omissions in any content or for any loss or damage incurred as a result of the use of any content posted, emailed, transmitted, or otherwise made available through the Services;
• Any fluctuations in cryptocurrency value or market conditions;
• Any smart contract vulnerabilities, blockchain protocol failures, or other technological issues;
• Any decisions made by you based on information provided through our Services;
• Actions, omissions, or behaviors of third parties, including other users of the platform;
• Regulatory actions or changes in laws or regulations affecting cryptocurrencies or DeFi services.

In no event shall the collective liability of DefiLend and its partners to you for all claims, damages, losses, and causes of action exceed the amount you have paid to DefiLend in the six (6) month period prior to the event giving rise to such liability, or $100, whichever is greater. This limitation applies regardless of whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis.

10. Indemnification

You agree to defend, indemnify, and hold harmless DefiLend, its affiliates, licensors, and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of or relating to your violation of these Terms or your use of the Services.

11. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the Cayman Islands, without regard to its conflict of law provisions.

Any dispute arising out of or in connection with these Terms, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration under the rules of the International Chamber of Commerce, which rules are deemed to be incorporated by reference into this clause. The seat of arbitration shall be Grand Cayman, Cayman Islands. The language of the arbitration shall be English.

12. Changes to Terms

We may revise and update these Terms from time to time in our sole discretion. All changes are effective immediately when we post them, and apply to all access to and use of the Services thereafter.

Your continued use of the Services following the posting of revised Terms means that you accept and agree to the changes. You are expected to check this page frequently so you are aware of any changes, as they are binding on you.

13. Termination

We may terminate or suspend your access to all or part of the Services, without notice, for any conduct that we, in our sole discretion, believe violates these Terms or is harmful to other users of the Services, us, or third parties, or for any other reason.

Upon termination, your right to use the Services will immediately cease. All provisions of these Terms which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity, and limitations of liability.

14. Contact Information

If you have any questions about these Terms, please contact us at:

• Email: legal@defilend.io
• Address: P.O. Box 31119, Grand Cayman, KY1-1205, Cayman Islands