Legal

Vault terms

Draft template This page is a placeholder written to show structure. It has not been reviewed by legal counsel and is not a binding agreement. It must be reviewed and replaced before launch.

Summary. Vault yields are variable, not guaranteed, and may carry risk of loss. Locked vaults may restrict early withdrawal. Read the vault terms.

1. What a vault is

[Describe the legal nature of vault balances, who holds funds, and how yield is generated. Counsel must confirm whether any vault is a security, deposit or other regulated product.]

2. Vault types (illustrative)

  • Flex Vault: withdraw any time, minimum $50, illustrative 5.25% APY, variable.
  • 30-day Vault: locked for 30 days, minimum $100, illustrative 7.80% APY, variable.
  • 90-day Vault: locked for 90 days, minimum $250, illustrative 11.50% APY, variable.

3. Rate changes

[How and when rates change, and notice given.]

4. Early withdrawal

[Conditions, penalties, and what happens if early withdrawal is restricted.]

5. Risks

[Counterparty, market, liquidity and regulatory risks, including risk of loss.]

6. Taxes

[Tax treatment and reporting. Not tax advice.]