Terms of Service for Aleo Fixed-Term Lending
Effective Date: [Month] [Day], 2025
Service Provider: DxPool (hereinafter referred to as "the Platform" or "we/us")
Please read and understand these Terms of Service ("Terms") carefully before using the Aleo Fixed-Term Lending Service (hereinafter referred to as "the Service"). In particular, pay close attention to the sections regarding limitation of liability, applicable laws, and dispute resolution. By clicking “Agree” or by using the Service, you are deemed to have read, understood, and agreed to be bound by these Terms in full.
I. Definitions
- User: An individual or entity that registers on the Platform and uses the Aleo lending products.
- Aleo Fixed-Term Lending Service: An unsecured lending service provided by the Platform, designed exclusively for staking Aleo tokens in mining operations.
- Lending Quota: The amount of Aleo staking quota granted by the Platform to the User, which is linked to the User’s designated mining account and used solely for mining participation.
- Service Fee (or Interest): A fee charged by the Platform for providing the lending quota and related services, calculated as a fixed percentage deducted from the User’s mining rewards.
- Lending Term: The fixed time period for which the User participates in a lending product, such as 7 days, 30 days, or 90 days.
II. Scope of Service
6. The Platform will, upon the User’s request, allocate a specific staking quota of Aleo to the User’s designated mining account, enabling them to participate in Aleo mining.
7. The User does not need to hold or pledge actual Aleo tokens to receive staking quota. The quota is non-transferable, non-tradeable, and cannot be withdrawn — it is exclusively used for Aleo mining.
8. All mining rewards generated during the lending term will be calculated and settled by the Platform. After deducting applicable service fees, the net earnings will be distributed to the User's wallet address.
9. Upon the expiration of the lending term, the Platform will automatically reclaim the allocated staking quota.
III. User Obligations and Commitments
10. Users must ensure that their registered mining account is under their control or duly authorized. The Platform is not responsible for any losses caused by account loss or mismanagement.
11. Users are responsible for maintaining the stable operation of their mining hardware and assume the risks associated with network instability, power outages, software errors, or related mining failures.
12. Users must monitor the expiration date and availability of lending products to avoid missing opportunities for renewal or re-entry.
IV. Risk Disclosure
13. This Service is an unsecured lending product. Although there is no liquidation risk, mining rewards may fluctuate due to market, network, or blockchain factors. The Platform makes no guarantee of future returns.
14. Lending products are fixed-term contracts. Once confirmed, early withdrawal is not supported. Users are advised to select durations carefully.
15. In extreme situations — such as changes to network parameters, mainnet upgrades, or regulatory actions — the Platform reserves the right to modify, suspend, or terminate the Service.
V. Service Fees and Settlement
16. Service fees (interest) are deducted as a fixed percentage directly from the User’s mining rewards. No upfront payment is required.
17. The formula for net earnings is as follows: Net Earnings = Total Mining Rewards × (1 - Service Fee Rate)
18. Service fee rates vary by product term and are published at the time of product launch. Short-term products typically carry higher rates, while long-term products offer lower rates. Users must review and accept the fee structure before participating.
VI. Product Updates and Quota Availability
19. Aleo fixed-term lending products are updated periodically. The Platform reserves the right to adjust available terms, quotas, and interest rates based on operational strategy.
20. Lending quotas are limited and distributed on a “first come, first served” basis or other priority mechanisms. A successful application indicates agreement and activation of the product.
VII. Disclaimer of Liability
21. The Platform is not liable for losses resulting from the User’s own actions, including but not limited to misconfigured addresses, offline devices, or compromised accounts.
22. The Platform is not responsible for service interruptions or delays caused by third parties, including mainnet upgrades, blockchain congestion, cyberattacks, or other force majeure events, although we will make reasonable efforts to restore service.
23. The Platform reserves the right to suspend, adjust, or terminate the Service due to changes in applicable laws, regulatory requirements, or system security concerns. Users will be notified in advance via official announcements or internal messages.
VIII. Agreement Validity and Termination
24. These Terms become effective once the User clicks “Agree” and participates in any Aleo lending product.
25. Users may choose not to renew the Service after the current lending term ends, effectively terminating usage.
26. The Platform reserves the right to unilaterally terminate the Service if the User violates these Terms, engages in malicious behavior, or is suspected of illegal activity.
IX. Governing Law and Dispute Resolution
27. These Terms shall be governed by the laws of Singapore. Users in regions where such services are prohibited by local laws must refrain from participation.
28. Any disputes arising from the Service shall first be resolved through negotiation. If negotiation fails, either party may submit the dispute to the People's Court of the Platform’s place of registration.
X. Miscellaneous
29. Any updates to these Terms will be published via official announcements and will take effect immediately. Continued use of the Service constitutes acceptance of the updated Terms.
30. The right to interpret these Terms resides solely with DxPool.