Terms of Service

Last updated: April 22, 2026

Welcome to Clend. These Terms of Service ("Terms") govern your access to and use of our crypto-backed lending platform and related services (the "Services"). Please read these Terms carefully. By accessing or using our Services, you agree to be bound by these Terms.

1. Overview of Services

Clend provides a platform that allows eligible users to access fiat or stablecoin liquidity by using designated digital assets (such as BTC, ETH, and other supported assets) as collateral. Loans are issued at a 50% Loan-to-Value (LTV) ratio at the time of issuance, subject to our terms and applicable regulations.

2. Eligibility

To use our Services, you must:

• Be at least the age of legal majority in your jurisdiction
• Have the legal capacity to enter into a binding contract
• Complete our Know Your Customer (KYC) and Anti-Money Laundering (AML) verification procedures
• Reside in a jurisdiction where our Services are available

We reserve the right to refuse service to any user at our discretion and to suspend or terminate accounts that fail to meet eligibility requirements.

3. Collateral and Custody

Deposited digital assets are held in custody using Fireblocks Multi-Party Computation (MPC) infrastructure. Clend acts as a secured lender, and your collateral is not rehypothecated, lent to third parties, or used for market-making activities. Collateral will be returned to you upon full repayment of your loan in accordance with these Terms.

4. Loan Terms

Loans issued by Clend are subject to the following terms:

• Interest Rate: 1.2% APR (0.1% monthly) on the outstanding loan principal
• Loan Term: 12 months, with automatic renewal options as described on our platform
• Repayment: Principal and accrued interest may be repaid in full or in part at any time during the loan term, without prepayment penalties
• No Margin Calls: Clend operates on a pawn-style collateral model and does not issue margin calls or automatically liquidate collateral based on price movements during the loan term

Interest rates, LTV ratios, and other loan terms are subject to change. Any changes will be communicated to users in advance and will apply only to new loans issued after the effective date of the change.

5. Fees

The sole cost of borrowing through Clend is the fixed interest rate specified in Section 4. We do not charge origination fees, withdrawal fees, or prepayment penalties. Network transaction fees associated with blockchain transfers may apply and are the responsibility of the user.

6. Risks

By using our Services, you acknowledge and accept the following risks:

• Market Risk: Digital asset prices are highly volatile and may fluctuate significantly
• Collateral Risk: Failure to repay your loan at maturity may result in the loss of your collateral
• Regulatory Risk: Changes in applicable laws or regulations may affect your ability to use our Services
• Tax Risk: The tax treatment of crypto-backed loans varies by jurisdiction. Please consult a qualified tax professional

7. User Obligations

You agree to:

• Provide accurate and complete information during registration and verification
• Maintain the security of your account credentials
• Use the Services only for lawful purposes
• Comply with all applicable laws and regulations

You agree not to use the Services to engage in money laundering, terrorism financing, fraud, or any other illegal activity.

8. Limitation of Liability

To the maximum extent permitted by applicable law, Clend and its affiliates, officers, directors, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, or goodwill, arising out of or in connection with your use of the Services or digital asset market volatility.

9. Disclaimer

The Services are provided on an "as is" and "as available" basis. We make no warranties, express or implied, regarding the accuracy, reliability, or availability of the Services. Clend is not a bank, and digital assets held as collateral are not insured by any government deposit insurance scheme.

10. Modifications

We reserve the right to modify these Terms at any time. Material changes will be communicated by posting the revised Terms on this page and, where appropriate, by notifying you directly via your registered contact information. Your continued use of the Services after any modification constitutes acceptance of the updated Terms.

11. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of [適用法域を挿入], without regard to conflict of law principles. Any disputes arising out of or related to these Terms shall be resolved through [紛争解決方法を挿入：例 binding arbitration / the courts of 〇〇].

12. Contact Us

If you have any questions about these Terms, please contact us at:
Email: [運営の問い合わせ先メールを挿入]