Terms & Conditions
Last modified: Feb 13, 2025
1. Introduction
WeissFi is a decentralized, non-custodial lending protocol built on the Sui blockchain. It allows users to borrow against their collateral with user-defined interest rates, ensuring capital efficiency and transparency. WeissFi offers:
  • Customizable Interest Rates – Borrowers set their own interest rates.
  • Optimized Liquidations – Stability Pools protect against sudden liquidations.
  • Efficient On-Chain Borrowing – Leveraging Sui’s fast, low-cost transactions.
    • WeissFi is non-custodial, meaning no entity controls the funds within the Protocol. Users interact with smart contracts, and transactions are executed on-chain without intermediaries.
    2. Modification of Terms
    We reserve the right to modify these Terms at any time. Updated versions will be posted on the WeissFi website. Continued use of the Platform after modifications constitutes acceptance of the updated Terms.
    3. Eligibility
    To use WeissFi, you must:
  • Be at least 18 years old or the legal age in your jurisdiction.
  • Not be located in a sanctioned or restricted jurisdiction.
  • Use the Platform in compliance with applicable laws.
    • 4. Services Provided
    4.1 Borrowing
  • Users can deposit SUI as collateral and borrow WEIS.
  • Borrowers set their own interest rates.
  • Loans are secured by collateral held in a "Trove."
    • 4.2 Stability Pool & Liquidations
  • If a borrower's LTV exceeds 80%, liquidation occurs.
  • The Stability Pool absorbs liquidations, ensuring efficient collateral redistribution.
    • 4.3 Redemptions
  • If WEIS trades below $1, redemptions allow users to exchange WEIS for SUI at face value.
  • Borrowers with the lowest interest rates are affected first.
    • 4.4 Liquidity Pool
  • Users can provide liquidity in WEIS/USDC pools to facilitate market stability.
  • Liquidity providers earn trading fees and incentives.
    • 5. Fees & Revenue Distribution
    5.1 Borrowing Fees (0.75%)
  • 0.75% fee on each WEIS draw, added to debt.
  • 100% of fees go to the WeissFi team.
    • 5.2 Interest Rate Fees
  • 75% distributed to the Stability Pool.
  • 25% allocated to liquidity providers.
    • 5.3 Interest Rate Modifications
  • Each modification of the interest rate requires an upfront payment of 7 days of interest.
  • This interest is immediately added to the borrower’s debt.
    • 5.4 Liquidation Penalties (6%)
  • 85% allocated to the Stability Pool.
  • 15% allocated to the WeissFi team.
    • 5.5 Redemption Fees
  • Dynamic baseRate starts at 0.5% and adjusts based on redemptions.
  • Minimum fee: 0.5% + baseRate.
  • 100% allocated to the Stability Pool.
    • 6. Risk Disclosure
    By using WeissFi, you acknowledge the following risks:
  • Smart Contract Risk: WeissFi operates on blockchain-based smart contracts that may contain vulnerabilities.
  • Market Volatility: Collateral values can fluctuate, impacting LTV ratios and potential liquidations.
  • Regulatory Uncertainty: The legal status of decentralized finance (DeFi) varies by jurisdiction and may impact WeissFi’s services.
    • WeissFi is a non-custodial protocol. Users assume full responsibility for managing their funds and wallets.
    7. Prohibited Activities
    You agree not to engage in:
  • Money laundering, fraud, or other financial crimes.
  • Using WeissFi in jurisdictions where it is illegal.
  • Attempting to exploit the Protocol through vulnerabilities or malicious activities.
    • 8. No Warranties & Limitation of Liability
  • No Warranties: WeissFi is provided "as is" without guarantees of uptime, security, or financial outcomes.
  • Limitation of Liability: WeissFi is not responsible for losses due to liquidations, smart contract failures, or market fluctuations.
  • Indemnification: Users agree to indemnify WeissFi and its contributors from any claims or damages arising from their use of the Platform.
    • 9. Dispute Resolution & Governing Law
    Any disputes will be resolved through binding arbitration under the laws of Switzerland. Users waive the right to class actions and jury trials.
    10. Contact & Compliance
    For inquiries, contact us at contact@weiss.finance.
    By using WeissFi, you agree to these Terms and acknowledge the risks of decentralized finance.