01Lend

Terms of Service

Last updated: January 2026

1. Agreement to Terms

By accessing or using the 01Lend protocol, smart contracts, website, or any associated services (collectively, the "Protocol"), you agree to be bound by these Terms of Service. If you do not agree to these terms, you must not access or use the Protocol.

These terms constitute a legally binding agreement between you and 01Lend. We reserve the right to modify these terms at any time. Continued use of the Protocol after changes constitutes acceptance of the modified terms.

2. Protocol Description

01Lend is a decentralized, undercollateralized lending protocol that utilizes verifiable off-chain credit assessments and AI-driven continuous risk control. The Protocol operates through smart contracts deployed on blockchain networks.

The Protocol enables users to borrow digital assets with reduced or no collateral requirements based on verified creditworthiness. All lending and borrowing activities are governed by immutable smart contract logic.

3. Eligibility

To use the Protocol, you must:

  • Be at least 18 years of age or the legal age of majority in your jurisdiction
  • Have the legal capacity to enter into binding agreements
  • Not be located in, or a citizen or resident of, any jurisdiction where use of the Protocol would be prohibited
  • Not be subject to economic sanctions or listed on any prohibited party lists
  • Comply with all applicable laws and regulations in your jurisdiction

4. User Responsibilities

When using the Protocol, you agree to:

  • Maintain the security of your wallet and private keys
  • Provide accurate information for credit verification processes
  • Repay borrowed amounts according to the terms established by the Protocol
  • Not attempt to manipulate, exploit, or attack the Protocol or its smart contracts
  • Not use the Protocol for money laundering, terrorism financing, or other illegal activities
  • Accept full responsibility for all transactions conducted through your wallet

5. Risk Disclosure

Using the Protocol involves significant risks, including but not limited to:

  • Smart Contract Risk: The Protocol relies on smart contracts that may contain bugs, vulnerabilities, or be subject to exploits
  • Market Risk: Digital asset prices are highly volatile and may result in significant losses
  • Liquidation Risk: Borrowers may face automatic liquidation, position freezing, or forced repayment if risk parameters are breached
  • Regulatory Risk: Changes in laws or regulations may affect the Protocol's operation or your ability to use it
  • Network Risk: Blockchain network congestion, failures, or forks may affect transactions
  • Oracle Risk: Price feeds and credit verification systems may experience delays or inaccuracies

You acknowledge that you understand these risks and accept them. Never invest more than you can afford to lose.

6. Credit Verification

The Protocol uses cryptographic proofs to verify off-chain creditworthiness without exposing raw personal data. By participating in credit verification:

  • You consent to the generation and on-chain submission of cryptographic credit proofs
  • You warrant that all information used in verification is accurate and truthful
  • You understand that credit scores and borrowing limits are determined algorithmically
  • You accept that the Protocol may adjust your risk parameters based on ongoing behavioral monitoring

7. Disclaimer of Warranties

THE PROTOCOL IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

We do not warrant that the Protocol will be uninterrupted, error-free, secure, or free from viruses or other harmful components. We do not guarantee any specific outcomes from using the Protocol.

8. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL 01LEND, ITS CONTRIBUTORS, OR AFFILIATES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING LOSS OF PROFITS, DATA, OR OTHER INTANGIBLE LOSSES, ARISING FROM YOUR USE OF THE PROTOCOL.

This limitation applies regardless of whether the damages arise from contract, tort, negligence, strict liability, or any other legal theory, even if we have been advised of the possibility of such damages.

9. Indemnification

You agree to indemnify, defend, and hold harmless 01Lend and its contributors from any claims, damages, losses, liabilities, costs, and expenses (including legal fees) arising from your use of the Protocol, violation of these terms, or infringement of any third-party rights.

10. Governing Law and Disputes

These Terms shall be governed by and construed in accordance with applicable laws, without regard to conflict of law principles. Any disputes arising from these terms or your use of the Protocol shall be resolved through binding arbitration.

You waive any right to participate in class action lawsuits or class-wide arbitration against 01Lend.

11. Termination

We reserve the right to restrict, suspend, or terminate your access to the Protocol at any time, without notice, for any reason, including violation of these terms. Upon termination, your right to use the Protocol ceases immediately. Outstanding loan obligations survive termination and must be repaid according to Protocol rules.

12. Contact

For questions about these Terms of Service, please contact us through our official channels on Twitter/X at @01Lend or through our community Discord.

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