Terms and Conditions
Last updated
Last updated
Last Updated: 21/03/2025
These Terms and Conditions (“Terms”) govern your (“User”, “you” or “your”) access to and use of the Vaultedge platform (the “Platform”), including the associated website at (the “Website”). By accessing or using the Platform, you agree to be bound by these Terms, including all notices and disclaimers contained herein. If you do not agree with these Terms, you must immediately cease using the Platform.
Acceptance of Terms
By accessing or using the Platform, you confirm that you have read, understood, and agree to be bound by these Terms and any future modifications. Your continued use of the Platform constitutes your acceptance of any changes. It is your responsibility to review these Terms periodically.
Please note that the Privacy Policy, is hereby incorporated by reference into these Terms. By accessing or using the Platform, you acknowledge and agree to be bound by the Privacy Policy as part of these Terms. If you do not agree with the Privacy Policy, please refrain from using the Platform.
Definitions
For purposes of these Terms, the following definitions apply:
Vaultedge: A decentralized borrowing protocol enabling users to borrow against their portfolio of assets by minting veUSD, a USD-pegged, over-collateralized stablecoin.
veUSD: The USD-pegged stablecoin issued exclusively through the Vaultedge protocol upon the deposit of eligible collateral.
DAO: Decentralized Autonomous Organization responsible for managing the on-chain aspects of the Vaultedge protocol.
Front End: The Website and user interface provided by the Company solely for displaying on-chain data and facilitating user interactions with the Protocol.
User: Any person or entity accessing or using the Platform.
Restricted Jurisdictions: Jurisdictions prohibited from accessing the Platform, including those designated on the OFAC and FATF lists, or other high-risk/blacklisted regions as determined by applicable law.
Blacklisted Wallets: digital wallet addresses that, based on internal compliance screening procedures and in accordance with applicable laws and regulatory guidelines, are identified as being associated with users from Restricted Jurisdictions or with entities subject to sanctions or otherwise deemed high-risk. Such wallet addresses are subject to access restrictions that are enforced solely through the Platform’s front-end mechanisms, and the Company reserves the right to modify its criteria for determining Blacklisted Wallets at its sole discretion, without liability for any errors or inaccuracies.
Eligibility and User Representations
Eligibility: By using the Platform, you represent that you:
Are at least 18 years of age (or the applicable legal age in your jurisdiction).
Are not subject to economic or trade sanctions administered or enforced by any governmental authority; or otherwise, you are not a member of any sanctions list or equivalent maintained by the United States government, the United Kingdom government, the European Union, or the United Nations, including without limitation the U.S. Office of Foreign Asset Control Specifically Designated Nationals and Blocked Person List.
Possess the legal capacity to enter into these Terms.
3.2 User Self-Certification: Before accessing the Platform, you must complete a transaction-based self-certification confirming that you are not a U.S. citizen or resident and do not originate from any Restricted Jurisdiction. Any false or misleading information provided during self-certification may result in immediate termination of access.
Access Restrictions and Geo-Blocking
Geo-Blocking: The Platform shall implement geo-blocking mechanisms on its Front End to restrict access by users located in, or attempting to access the Platform from, any jurisdiction designated as a "Restricted Jurisdiction" (as defined in the Definitions section of these Terms). Such measures may include, but are not limited to, IP address filtering, location-based redirection, and requiring users to confirm their country of residence. The list of Restricted Jurisdictions may be updated by the Company at its sole discretion and without prior notice. By accessing the Platform, users acknowledge and consent to the application of these geo-blocking measures.
Jurisdictional Access Restrictions: In order to comply with applicable international and domestic regulations—including those enforced by the Office of Foreign Assets Control (OFAC) and the Financial Action Task Force (FATF)—the Platform will restrict access to users from jurisdictions subject to sanctions, embargos, or identified as high-risk. Users determined to be originating from or currently located in such jurisdictions shall be prevented from accessing, registering on, or transacting through the Platform. The Company shall continuously monitor regulatory updates and modify the list of restricted jurisdictions accordingly. These restrictions shall apply irrespective of the method or device used to access the Platform.
Blocking of Blacklisted Wallets: To ensure regulatory compliance while maintaining the decentralized operation of on-chain activities, the Platform shall enforce the blocking of digital wallet addresses ("Blacklisted Wallets") identified through internal compliance screening procedures and third-party verification as being associated with users from Restricted Jurisdictions or with sanctioned/high-risk entities. Identification methods may include analysis of user self-certification data, blockchain analytics, and other compliance tools. Blocking of such wallets shall be executed solely at the Front End level, ensuring that while these wallets are restricted from accessing the Platform’s services, the underlying decentralized protocol remains unaffected. The Company reserves the right to update its criteria and mechanisms for identifying Blacklisted Wallets at its sole discretion and shall not be held liable for any misclassification or errors arising from these determinations.
Platform Operation and Scope
Front End Responsibility: The Company is responsible solely for the development, operation, and maintenance of the Platform’s Front End. The Website collects and displays only on-chain data and does not interact directly with user funds.
On-Chain Operations: The on-chain functions of the Vaultedge protocol are governed and executed by the DAO. The Company is not responsible for the on-chain operations, including smart contract execution, governance, or protocol upgrades.
Protocol Description: Vaultedge enables Users to deposit eligible collateral to mint veUSD, a USD-pegged stablecoin that is over-collateralized. Eligible collateral includes, but is not limited to:
Blue-chip Assets: Well-established cryptocurrencies and stablecoins (e.g., WETH, WBTC, USDC, USDT, LYNX).
Staked Assets: Assets derived from staking, such as wrapped staked ETH (wsETH).
Liquidity Provider (LP) Tokens: Tokens representing stakes in decentralized liquidity pools.
Voting Escrow (VE) Tokens: Tokens used in governance mechanisms.
Real World Assets (RWAs): Selected traditional assets as approved under the protocol’s guidelines.
By depositing eligible collateral, Users can mint veUSD according to the platform’s dynamically determined collateralization requirements, ensuring that the value of the deposited collateral exceeds the value of the minted veUSD. This over-collateralization mechanism is designed to mitigate the risks associated with market volatility.
A detailed list of services and functionality of the Platform shall be made available to Users on the relevant page of the Website. The Company reserves the right to change the information on the list of services and functionality of the Platform at any time if the relevant functionality and services are changed by the DAO decision. The Company is not responsible for when and how DAO changes the functionality and services of the Platform.
Smart contracts: By using the Platform, you acknowledge and agree that all transactions executed on blockchain-based networks are automatically processed by one or more smart contracts. You hereby consent to such automated execution and processing of transactions in connection with your use of the Platform. Furthermore, you acknowledge and agree that the terms encoded within the applicable smart contract(s) shall govern the allocation of funds and the transfer of ownership of any cryptoassets involved in each transaction.
User Control Over Cryptoassets: Users retain full control over their cryptoassets at all times. Neither we nor any affiliated entity is a party to any transaction executed on the blockchain networks underlying Platform. We do not possess, control, or have custody of any cryptoassets or user funds. When you interact with Platform, you maintain sole control over your cryptoassets.
Use of Third-Party Self-Custodial Wallets: Access to Platform may require the use of third-party self-custodial wallets. We do not control, guarantee, or assume responsibility for the performance, security, or reliability of these wallets. By using the Front End to access Platform, you acknowledge that your self-custodial wallet is provided and maintained by a third-party service provider and is subject to its separate terms, conditions, fees, disclaimers, and risk warnings. It is your sole responsibility to review and understand those terms to ensure compliance and awareness of any associated costs or risks.
Non-Intermediary Status: Due to the decentralized and non-custodial nature of Vaultedge, we act solely as the provider of the Platform’s Front End interface and are not an intermediary, agent, advisor, or custodian with respect to any Vaultedge transactions. We do not have any fiduciary obligations to you regarding your transactions or any activities you conduct using our Platform.
Limited Access to Transactional Information: We do not have access to information about all Vaultedge transactions beyond what is publicly available on the blockchain. However, we may collect information regarding users of our Platform in accordance with our Privacy Policy.
Blockchain Fees: Transactions on blockchain networks may incur gas fees or other network transaction fees, which are non-refundable. We do not provide services related to the delivery, holding, or receipt of cryptoassets, nor do we collect any fees from such transactions.
Prohibited activity of Platform or Website: You are expressly prohibited from engaging in any of the following activities:
Unlawful Activities – Using the Website or Platform for any illegal purpose or in furtherance of any unlawful activity, including but not limited to money laundering, terrorist financing, tax evasion, or the purchase, sale, or distribution of illegal drugs, contraband, counterfeit goods, or prohibited weapons.
Unauthorized Commercial Use – Exploiting the Website or Platform for any unauthorized or unapproved commercial purpose, including any fraudulent activities.
Malicious Code – Uploading, transmitting, or distributing viruses, worms, Trojan horses, time bombs, cancel bots, spiders, malware, or any other harmful software or code that could disrupt, compromise, or interfere with the proper functioning of the Website or Platform.
Unauthorized Access and Reverse Engineering – Attempting to copy, modify, decompile, disassemble, reverse engineer, or otherwise extract source code or underlying ideas from any parts of Website or Platform`s functionality, including by reformatting or framing content, without prior written consent.
Unauthorized Data Collection – Harvesting, scraping, or otherwise collecting data or information from the Website or Platform without express authorization.
Fraud and Deception – Accessing or using the Website of Platform under false or fraudulent pretenses, engaging in any misleading or deceptive conduct, or misrepresenting your identity or affiliations.
Interference with Other Users – Disrupting, interfering with, or otherwise preventing other Users from accessing or lawfully using the Website or Platform.
Circumvention of Security Measures – Tampering with, bypassing, or interfering with security features, access controls, or other protective measures of the Website or Platform, any third-party systems, or networks used in connection with the Website or Platform.
Exploitation of Smart Contracts – Engaging in hacking, denial-of-service attacks, or any exploitative action on smart contracts in connection with the Website or Platform, even if such actions are technically possible within the smart contract’s code.
Anticompetitive Behavior – Engaging in any conduct that constitutes unfair competition, market manipulation, or any other deceptive, abusive, or unethical business practice.
Consequences of prohibited activity: Company reserves the right, at our sole discretion, to:
Restrict, suspend, or permanently revoke your access to Website or Platform, in whole or in part, if you violate these Terms, applicable law, or engage in any prohibited activity.
Take corrective actions, including modifying, rectifying, or altering transaction data to mitigate harm caused by a violation of these Terms or applicable law.
Investigate and prosecute any suspected breach of these Terms, including cooperating with law enforcement bodies and regulatory authorities, and disclosing relevant information as necessary to comply with legal obligations.
Violations of these Terms may result in civil, criminal, or administrative liability, and we reserve all legal rights and remedies available under applicable law.
Compliance with Laws: You shall comply with all applicable laws, regulations, and guidelines in connection with your use of the Platform. Failure to comply may result in suspension or termination of access.
Intellectual Property and Content
Company`s ownership. The Website, including any models, interfaces, algorithms, indexes or other software developed by Company or its affiliates, contractor, employees or subsidiaries, along with all associated features, functionality, and tools, is protected by copyright, trademark, patent, trade secret, and other intellectual property local and international laws. You acknowledge and agree that the Platform and all related intellectual property rights are our exclusive property and our licensors. You are prohibited from removing, altering, or obscuring any copyright, trademark, service mark, patent marking, or other proprietary rights notices incorporated in or accompanying the Platform.
Trademarks. The company name, the term "Vaultedge" the company logo, and all related names, logos, product and service names, designs, and slogans are trademarks of the Company or its affiliates or licensors. You must not use such marks without the prior written permission of Company. All other names, logos, product and service names, designs, and slogans on the Platform are the trademarks of their respective owners.
User Content: Any data or content you provide in connection with the Platform shall be subject to the Company’s Privacy Policy. The Company reserves the right to remove or block any content that violates these Terms or applicable laws.
License: Subject to your continued compliance with these Terms, we grant you a personal, worldwide, revocable, non-exclusive, and non-transferable license to access and use the Platform. This license is granted solely for the purpose of enabling you to use the Platform in accordance with these Terms.
Feedback: Any feedback, suggestions, ideas, bug reports, or other information you provide regarding Platform or Website, whether solicited or unsolicited, is entirely voluntary. By submitting such feedback, you grant us a perpetual, irrevocable, worldwide, royalty-free, and transferable right to use, modify, distribute, and otherwise exploit the feedback in any manner, including sharing it with third parties, without any obligation to provide compensation, attribution, or any other benefit to you. You further acknowledge that we have no obligation to implement, consider, or maintain the confidentiality of any feedback provided.
Taxes
Taxation responsibility: Users are solely responsible for determining, reporting, and paying any taxes, duties, or assessments that may be imposed by any governmental authority in connection with their use of the Platform. This includes any liabilities arising from the use, transfer, or exploitation of cryptoassets and interactions with smart contracts. Users acknowledge that blockchain-based transactions are novel, and their tax treatment remains uncertain. It is the User's responsibility to seek independent tax advice to ensure compliance with applicable laws.
Risk Disclosures and Legal Disclaimers
Risk Acknowledgment: Users acknowledge that all on-chain interactions with the Vaultedge protocol, including collateral deposits, veUSD minting, and related transactions, are subject to inherent risks typical of decentralized systems. These risks include, but are not limited to:
Technical Risks: Smart contract vulnerabilities, coding errors, and network congestion.
Market Risks: Price volatility of collateral assets that may trigger automated liquidation if collateral values fall below required thresholds.
Operational Risks: Potential delays or failures in transaction processing and protocol operations.
Regulatory Risks: Uncertainties arising from the evolving regulatory landscape affecting decentralized protocols.
Users are solely responsible for understanding and managing these risks. It is recommended that users perform their own due diligence and seek independent financial and technical advice before engaging with the Vaultedge protocol. The Company, its affiliates, and the DAO shall not be held liable for any losses or damages incurred as a result of these inherent risks.
No Financial, Investment, or Legal Advice: The information provided on the Platform is for informational purposes only and does not constitute financial, investment, or legal advice. You should consult with professional advisors before engaging in any transactions.
Service “As-Is” Basis: The Platform is provided “as-is” and “as available” without any warranties, express or implied. The Company expressly disclaims all warranties, including but not limited to those of merchantability, fitness for a particular purpose, and non-infringement.
No Custodial Relationship: The Company does not custody or control user funds. All on-chain interactions are executed directly through smart contracts managed by the DAO, and you remain solely responsible for managing your digital assets.
Limitation of Liability
Disclaimer of Warranties: The Company makes no representations or warranties regarding the performance, reliability, or availability of the Platform. Use of the Platform is at your own risk.
Limitation of Liability: To the fullest extent permitted by applicable law, Company, its directors, officers, contractors, employees, affiliates or subsidiaries shall be liable to you for any loss, damage, or injury of any kind, including but not limited to direct, indirect, incidental, special, exemplary, consequential, or punitive damages, or for any loss of profits, data, use, business, goodwill, or any other intangible losses, whether arising in contract, tort (including negligence), indemnity, strict liability, statute, or otherwise, even if advised of the possibility of such damages. Without limiting the foregoing, such exclusion of liability applies to any damages arising out of or in connection with:
the use of Platform or your inability to use or access the Platform;
any misuse of the Platform, including without limitation, unauthorized access;
any conduct by Users on the Platform;
the termination, suspension, or restriction of your access to the Platform.
Furthermore, Company, its directors, officers, contractors, employees, affiliates or subsidiaries shall not be liable for any damages, in whole or in part, caused by or arising from:
user errors, including but not limited to forgotten passwords or incorrectly constructed smart contracts or transactions;
server failures or data loss;
malfunctions, unintended functionalities, or unexpected behaviors of the blockchain, any computer or crypto asset network (including wallet providers), including losses associated with network forks, replay attacks, double-spend attacks, governance disputes, variations in mining difficulty, changes in cryptographic or consensus mechanisms, hacking, or cybersecurity breaches;
changes in the value of any cryptoasset;
changes in law, regulation, or policy;
events of force majeure;
or actions of any third party.
In no event shall the aggregate liability of Company, its directors, officers, contractors, employees, affiliates or subsidiaries to you or any other user, from any and all claims and causes of action, exceed one thousand U.S. dollars.
Under no circumstances shall Company, its directors, officers, contractors, employees, affiliates or subsidiaries be required to provide you with any virtual currency as a remedy, to order specific performance, or to provide any other remedy. If damages are calculated in relation to the value of a virtual currency, both you and we agree that such calculation shall be based on the lowest value of the virtual currency during the period between the accrual of the claim and the determination of damages.
Some jurisdictions do not allow the exclusion or limitation of certain warranties or liabilities. Accordingly, in those jurisdictions, the limitations and exclusions set forth herein may not apply to you to the fullest extent permitted by law, and the liability of Company, its directors, officers, contractors, employees, affiliates or subsidiaries and the scope of any warranties will be limited to the maximum extent permitted by applicable law.
Force Majeure: Neither party shall be liable for any failure or delay in performing its obligations under these Terms if such failure or delay is due to events beyond its reasonable control, including, but not limited to, natural disasters, acts of government, labor disputes, or other force majeure events.
Indemnification
General indemnification: You agree to indemnify, defend, and hold harmless the Company, our affiliates, directors, officers, employees, contractors and subsidiaries from and against any and all claims, liabilities, damages, losses, costs, and expenses, including reasonable attorneys' fees, arising out of or related to:
Breach of Terms: Your actual or alleged breach of these Terms.
Misuse of Platform: Your improper or unauthorized use of the Platform, or any related smart contracts or scripts.
Legal Violations: Your violation of any applicable laws, regulations, rules, codes, statutes, ordinances, or orders issued by governmental or quasi-governmental authorities.
Third-Party Rights: Your infringement or alleged infringement of any third party's rights, including intellectual property, publicity, confidentiality, property, or privacy rights.
Third-Party Services: Your use of any third-party products, services, or websites in connection with the Platform.
Misrepresentations: Any false, misleading, or inaccurate representations made by you.
Indemnification cooperation: We reserve the right, at your expense, to assume the exclusive defense and control of any matter subject to indemnification by you. You agree to cooperate fully with us in asserting any available defenses. You shall not settle any claim without our prior written consent.
Modifications to the Platform and Terms
Modifications to Platform: The Company reserves the right to modify, suspend, or discontinue the Platform or any part thereof at any time without prior notice. Changes to on-chain operations, including smart contract updates, are governed by the DAO.
Amendments to Terms: The Company may amend these Terms at any time. Any changes will be effective immediately upon posting on the Website. Your continued use of the Platform constitutes acceptance of the updated Terms.
Termination and Suspension
Termination: The Company may terminate or suspend your access to the Platform at any time, with or without cause, and without prior notice, in its sole discretion.
Effect of Termination: Upon termination, all rights granted to you under these Terms will immediately cease, and you must promptly discontinue your use of the Platform.
Governing Law and Dispute Resolution
Governing Law: These Terms shall be governed by and construed in accordance with the laws of Marshall Islands, without regard to any conflict of laws principles.
Negotiations: Prior to initiating any legal proceedings, including arbitration as outlined below, both parties agree to engage in good faith negotiations to resolve any dispute, claim, or controversy arising out of or relating to these Terms or use of Platform (each, a "Dispute" and collectively, "Disputes"). The aggrieved party shall provide written notice to the other party detailing the nature of the Dispute. The receiving party shall have thirty (30) business days to respond. Within sixty (60) business days of the initial notice, both parties shall confer in good faith to attempt to resolve the Dispute. If unresolved within ninety (90) business days of the initial notice, the parties may agree to mediation or proceed to arbitration as specified below.
Arbitration: Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre ("SIAC") in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force, which rules are deemed to be incorporated by reference in this clause. The arbitrator(s) shall possess expertise in matters involving internet technology, software applications, financial transactions, and, preferably, blockchain technology. The prevailing party shall be entitled to reasonable attorney's fees and costs. Except as required by law, neither party nor its representatives may disclose the existence, content, or results of any arbitration without prior written consent from the other party.
Class Action Waiver: You agree that any claims, disputes, or controversies arising out of or relating to these Terms or your use of the Platform shall be resolved solely on an individual basis. You expressly waive your right to participate in any class, collective, or representative action or proceeding against us, whether in arbitration or litigation. Any dispute resolution process, including arbitration, shall be conducted only on an individual basis, and no arbitrator or court shall have the authority to consolidate or join claims of multiple users. If any portion of this class action waiver is held to be invalid or unenforceable under applicable law, then such provision shall be severed, and the remainder of these Terms shall continue in full force and effect, with all disputes to be resolved individually.
Entire Agreement and Severability
Entire Agreement: These Terms, together with our Privacy Policy and any additional policies referenced herein, constitute the entire agreement between you and the Company regarding your use of the Platform and supersede all prior or contemporaneous understandings or agreements.
Severability: If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect, and the invalid or unenforceable provision shall be replaced by a valid provision that most closely reflects the parties' original intent.
Contact Information
If you have any questions, concerns, or comments regarding these Terms, please contact us at:
Email: hello@vaultedge.fi
This document constitutes a legally binding agreement between you and the Company regarding your use of the Vaultedge Platform. By using the Platform, you acknowledge that you have read, understood, and agreed to these Terms and Conditions.