Solend Terms of Service

Solend Terms of Service

Welcome to Solend! These Terms of Service ("Terms") govern your use of the Solend platform ("Platform"), which provides decentralized finance (DeFi) services including but not limited to crypto staking, farming, and borrowing. By accessing or using the Platform, you agree to these Terms. If you do not agree with these Terms, please refrain from using the Platform.

1. Definitions

Platform: Refers to the Solend ecosystem, including its website, applications, smart contracts, and associated services.

User: Any individual or entity accessing or using the Platform.

Tokens: Digital assets supported and utilized within the Solend ecosystem, including but not limited to SOL, SPL tokens, and other compatible tokens.

Staking: Process of locking Tokens to participate in network consensus and earn rewards.

Farming: Process of providing liquidity to liquidity pools in exchange for rewards.

Borrowing: Process of obtaining a loan by providing collateral.

2. Eligibility

You must be of legal age in your jurisdiction to use the Platform. By accessing and using the Platform, you represent and warrant that you are legally eligible to do so.

3. Risks

Participating in DeFi services involves inherent risks. These risks include but are not limited to smart contract vulnerabilities, market volatility, impermanent loss, and regulatory uncertainties. Users are solely responsible for understanding and mitigating these risks before engaging with the Platform.

4. User Responsibilities

Security: Users are responsible for maintaining the security of their accounts, including but not limited to passwords, private keys, and access credentials.

Prohibited Activities: Users must not engage in any illegal, fraudulent, or abusive activities on the Platform.

Accuracy: Users must provide accurate and up-to-date information when interacting with the Platform.

Compliance: Users must comply with all applicable laws, regulations, and guidelines when using the Platform.

5. Platform Services

Staking: Users can stake Tokens to earn rewards based on network consensus mechanisms.

Farming: Users can provide liquidity to designated liquidity pools and earn rewards in return.

Borrowing: Users can borrow Tokens by providing collateral, subject to applicable terms and conditions.

6. Fees

Certain actions on the Platform may be subject to fees. Users will be notified of any applicable fees before proceeding with a transaction.

7. Termination

Solend reserves the right to terminate or suspend access to the Platform at any time, with or without cause, and without prior notice.

8. Limitation of Liability

To the fullest extent permitted by law, Solend shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising out of or in connection with the use of the Platform.

9. Amendments

Solend reserves the right to amend or modify these Terms at any time. Changes will be effective immediately upon posting. Users are encouraged to review these Terms periodically for updates.

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