Platform Terms of Use

LENDSCAPE PLATFORM TERMS OF USE

1. Introduction

Welcome to Lendscape, a decentralized lending platform that utilizes blockchain technology to facilitate lending solutions using tokenized real-world assets (RWAs) as collateral. These Terms of Use govern your access to and use of the Lendscape platform and services.

2. Definitions

• "Platform" refers to the Lendscape decentralized lending platform.

• "User" refers to any individual or entity accessing or using the Platform.

• "Borrower" refers to Users seeking loans using tokenized RWAs as collateral.

• "Liquidity Provider" refers to Users supplying capital to lending pools.

• "$MBASE" refers to the native utility and governance token of the Platform.

3. Eligibility and Account Creation

3.1. Users must be at least 18 years old or the age of majority in their jurisdiction.

3.2. Users are required to provide accurate and complete information during registration.

3.3. Users are responsible for maintaining the confidentiality of their account credentials.

4. KYC and AML Compliance

4.1. All Users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

4.2. Users agree to provide additional verification information if requested.

4.3. The Platform reserves the right to refuse service or terminate accounts that fail to meet compliance standards.

5. User Obligations

5.1. Users must comply with all applicable laws and regulations in their jurisdiction.

5.2. Prohibited activities include market manipulation, fraud, and any illegal activities.

5.3. Users are responsible for reporting any suspicious activities on the Platform.

6. Lending and Borrowing Terms

6.1. Borrowers must provide accurate information about their collateral and intended use of funds.

6.2. Lenders acknowledge the risks associated with lending and agree to the Platform's risk assessment methodologies.

6.3. All parties agree to abide by the smart contract terms governing each loan.

7. Fees and Charges

7.1. Users agree to pay all applicable fees as outlined in the Platform's fee structure.

7.2. The Platform reserves the right to modify fees with proper notice to Users.

8. Intellectual Property

8.1. Users retain ownership of their personal data but grant the Platform a license to use it for service provision.

8.2. The Platform's intellectual property (including software, trademarks, and content) remains the property of Lendscape.

9. Liability and Indemnification

9.1. The Platform's liability is limited to direct damages caused by gross negligence or willful misconduct.

9.2. Users agree to indemnify the Platform against claims arising from their use of the service or violation of the terms.

10. Dispute Resolution

10.1. Users agree to attempt to resolve disputes through negotiation before pursuing legal action.

10.2. Any legal disputes shall be resolved through binding arbitration in the Cayman Islands.

11. Termination and Account Suspension

11.1. The Platform reserves the right to suspend or terminate accounts for violations of the terms.

11.2. Users may terminate their account at any time, subject to settling any outstanding obligations.

12. Updates to Terms

12.1. The Platform may update these terms of use with notice to Users.

12.2. Continued use of the Platform after updates constitutes acceptance of the new terms.

13. Governing Law

These terms are governed by and construed in accordance with the laws of the Cayman Islands.

14. Privacy and Data Protection

14.1. Users agree to the Platform's privacy policy, which outlines data collection, use, and protection practices.14.2. The Platform commits to compliance with relevant data protection regulations (e.g., GDPR, CCPA).

15. Contact Information

For any questions or concerns regarding these Terms of Use, please contact us at [e-mail] using the Lendscape Platform, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use.Last updated: 06.09.2024