Crypto Loans Clause Samples

Crypto Loans. The Platform allows you to pledge Digital Assets as collateral (“Margin”) to borrow other Digital Assets (“Crypto Loans”). After selecting the Digital Asset to provide as collateral, the amount of Digital Assets and the loan term, you are able to pledge your Digital Asset and provide you the loan in the Digital Asset which you select (“Loan”). You may use the Loan at your discretion, including executing trades on the Platform and withdrawing the Loan. By using Crypto Loans, you agree that: (i) you are eligible to use Crypto Loans; (ii) you understand the risks associated with using Crypto Loans; (iii) we are not responsible for any losses that you may incur through Crypto Loans; (iv) we have the sole discretion to set the value of your Margin and shall not be obliged to inform you of any changes to the value of your Margin; (v) all Margin shall be subject to a general lien and right of set-off in favour of us for any and all of your obligations, liabilities or monies at any time due by you and payable to us under this Agreement or otherwise. We shall have the right to realise your Margin as provided for in this Agreement; (vi) we shall have the right to deposit, pledge, repledge, hypothecate, re-hypothecate, invest or loan any Margin provided to us and shall not be obligated to notify you on any interest, income or benefit that may be derived therefrom; (vii) no interest shall be paid to you on any Margin deposited by you under this Agreement and all such interest and benefit shall be retained by us for our own benefit; (viii) we shall not be liable to you for any loss of Margin resulting directly or indirectly from the closure, bankruptcy, insolvency, liquidation, receivership or other events of any third party which the Margin is deposited or pledged; (ix) we reserve the right to vary or cancel partially or in full any amount of the Loan we provide to you; (x) we shall not be obligated to provide or continue to provide any Loan to you; (xi) you agree at all times to maintain the minimum amount of Margin to satisfy the Platform’s margin ratio (“Margin Ratio”) that we prescribe from time to time in relation to your Loan; (xii) you shall be responsible to transfer additional Margin to maintain your Loan; (xiii) in the event the Margin Ratio in relation to your Loan falls below the minimum Margin Ratio, we have the sole and absolute discretion to liquidate your Margin without notice to you (“Liquidation”); (xiv) you shall be liable for all fees and/or losses...