1. Introduction

These On-chain Yields Terms of Use ("On-chain Yields Terms") govern your participation in the On-Chain Yield Services ("Service") offered by BloFin.com ("BloFin", "we", "us", "the Platform"). By using the Service, you have read, understood, and agree to be legally bound by these On-Chain Yield Services, including any revisions as may be published by us at any time and from time to time.

You acknowledge that you have also read and understood any additional documents or terms referred to or incorporated into these On-chain Yields Terms. If you do not understand and accept these On-chain Yields Terms in their entirety, you should cease to use the Service.

These On-chain Yields Terms are supplemental to and shall be read together with our Terms of Use (the "Terms of Use"). All terms and clauses contained in the Terms of Use are incorporated by reference unless expressed otherwise. In the event of any conflict or inconsistency between these On-chain Yields Terms, the order of precedence shall be first the On-chain Yields Terms, and then the Terms of Use.

By accepting these On-chain Yields Terms, you hereby expressly, unconditionally and irrevocably:

(a) confirm that you understand, accept and assume full responsibility for participating in On-chain Yields Terms together with any and all associated risks with your Subscribe to an On-chain Yield, including without limitation the risks described in the risk factor statement; and

(b) acknowledge that you have carefully assessed and determined that the Services are appropriate for you.

2. Definitions

2.1 This Service allows BloFin users to Subscribe their Digital Assets on a Staking Protocol(s) through the Platform, so that they may earn Rewards. Subject to the terms and conditions of these On-chain Yield Terms, Subscribed Digital Assets may not be Redeemed until after a period of time has elapsed, depending on the Staking Protocol chosen and market conditions.

2.2 Definitions relating to the Service include:

a. DeFi Protocol: a third-party protocol based on one or more decentralized financial applications;

b. Estimated Rewards: a currently estimated rate or amount of Rewards. Actual Rewards may be higher, lower or the same as Estimated Rewards;

c. Fast Redemption: an ability to Redeem Digital Assets without waiting for the period of time after which they can be released from a Staking Protocol. Fast Redemption may not be available, depending on the Staking Protocol chosen and market conditions;

d. Order Quantity: the amount of Digital Assets which are subject to a single Subscription order;

e. Rewards: rewards or benefits that Users may receive by Subscribing and Redeeming Digital Assets in the Service;

f. Redeem/Redemption: the closing of a position in the Service and subsequent return of Subscribed Digital Assets into a User’s account;

g. Subscribe: an opening of a position through the Service, which results in Digital Assets being locked in a Staking Protocol. Such opening can be carried out either by the User manually opening a position on the On-chain Earn product page on the Platform;

h. Staking Protocol: third-party blockchain network(s) to which Digital Assets may be Subscribed, including native staking protocol(s) and DeFi Protocol(s). The Bitcoin protocol is not a Staking Protocol.

3. Eligibility

3.1 You also understand and confirm that:

a. You have agreed to abide by the Terms of Use, and are eligible and permitted to use the Services specified therein;

b. Any cryptocurrency of your Digital Assets and the associated Staking Protocol(s) may be subject to delisting and applicable terms and rules of BloFin;

c. If you use the Service, these On-chain Yields Terms are binding on you;

d. You have the experience and risk tolerance required to use the Service, and have the experience and knowledge necessary to invest in non-guaranteed digital asset products;

e. You have the ability to perform operations on the Internet;

f. These On-chain Yields Terms and your use of the Service do not conflict with the laws of your country or region, and you agree to comply with the laws of your country or region;

g. You are the legal and beneficial owner of all the Digital Assets in your BloFin account and that the sources of your Digital Assets and/or fiat currency are not from illegal activities.

3.2 You further agree that:

a. You will not use the Service in connection with any Prohibited Businesses (as defined in the Terms of Use), including without limitation illegal purposes such as money laundering, terrorist financing, or fraud, or any other activities or any businesses prohibited by the law;

b. You will not use the Service in connection with any forms of price manipulation, insider dealing, market manipulation, market distortion or any other malicious wrongdoings to the market.

3.3 You understand and accept the risks that may arise to you and the related losses you may suffer from using the Service, as set out in the Terms of Use and/or Risk Warning at [–]. Those risks and losses include but are not limited to:

a. Any loss you may suffer from the risks associated with the inability to sell or convert Digital Assets deposited into the Service into a preferred alternative asset immediately or where conversion is possible but at a loss. You are willing to bear the risks and potential financial losses caused by depositing Digital Assets into the Service;

b. Any loss you may suffer from the risks associated with the inability to trade, sell or convert of your asset into a preferred alternative asset or where conversion is possible but at a loss. You are willing to bear the risks and potential financial losses caused;

c. Any loss you may suffer from the risks associated with the inability to Redeem the Subscribed Digital Assets or withdraw the unSubscribed Digital Assets or Rewards at a particular timing or where Redemption or withdrawal is possible but at a loss. You are willing to bear the risks and potential financial losses caused by depositing Digital Assets into the Service;

d. Historical returns are not indicative of future returns. The Estimated Rewards displayed on the Platform are theoretical estimates. They are not actual or guaranteed Rewards promised by BloFin. BloFin does not guarantee or promise any Reward. Actual Rewards may vary from the Estimated Rewards. Actual Rewards may be more or less the rewards if you Subscribe your Digital Assets directly to the corresponding Staking Protocol. Rewards shall be calculated and distributed by BloFin in its sole discretion. BloFin may deduct cost, fees, and expenses related to the operation of the Service from your actual Rewards, to determine the final amount payable to you;

e. Price fluctuations of Digital Assets and their derivatives may cause significant or total loss in a short period of time;

f. The nature of Digital Assets means that technological difficulties experienced by BloFin may prevent your access to, or use of, your Digital Assets;

g. Market risks may occur, which may result in losses of your Digital Assets;

h. BloFin may have to add, remove, or change its terms or policies, including the terms of this Agreement, from time to time, while you are using the Service. Any such actions may benefit or harm users like you;

i. You are putting your Digital Assets into smart contracts owned by Applicable Networks and not operated by BloFin;

j. Subscribed Digital Assets are outside of BloFin, and any BloFin Affiliate, control and neither BloFin or any BloFin Affiliate can guarantee the return of Subscribed Digital Assets;

k. Events may occur at the protocol level (including, but not limited to, hacks, exploits, or poor economic models), which are outside of BloFin and any BloFin Affiliate's control;

l. The inherent risks of each DeFi Project, including, but not limited to, the rules of the smart contract, the protocol, and the use of your Digital Assets; and

m. Whether the Applicable Network suspends, discontinues, and terminates its business, closes down, suspends, or stops trading.

In no event will BloFin or any BloFin Affiliates be responsible or liable to you or any other person or entity for any direct or indirect losses (including loss of profits, business or opportunities), damages, or costs arising out of or in connection with any risk identified in these On-chain Yields Terms. This limitation of liability is in addition to the limitation of liability contained in the Terms of Use.

3.4 BloFin further disclaims that:

a. By Subscribing to an On-chain Yields Offer you can earn On-chain Yields Rewards, in exchange for providing DeFi Projects with your Subscribed Digital Assets, through BloFin. On-chain Yields Rewards are not guaranteed or fixed, and the rates and timing of On-chain Yields Rewards may vary.

b. You understand and agree that by electing to participate in On-chain Yields Services: (i) BloFin (or any of its staking operators) has the authority to put your Subscribed Digital Assets into DeFi protocols or smart contracts owned by Applicable Networks, and (ii) once this is done, your Subscribed Digital Assets may no longer be held with BloFin or a BloFin Affiliate, and BloFin may have little or no control over them. Consequently, you acknowledge and accept the risks and liability set out in this clause and the Risk Warning.

c. The use of Subscribed Digital Assets for On-chain Yields Services may be subject to various risks. In exceptional circumstances these risks could negatively impact the ability of BloFin to return your Subscribed Digital Assets in full or at all. Please refer to our Risk Warning for a summary overview of some (but not all) of the risks that may result from subscribing Digital Assets to an On-chain Yields Offer, including risks that may arise from delegating Subscribed Digital Assets to Applicable Networks such as protocol risk.

d. BloFin does not make any representation or warranty that On-chain Yields is appropriate (i) for any user or in any location, or (ii) that the transactions and services described in these On-chain Yields Terms are (or will continue to be) available or appropriate for any user or in any location. You are strongly encouraged to carefully review these On-chain Yields Terms and seek independent professional advice as to whether On-chain Yields Services are appropriate for you having regard to your personal circumstances and objectives, financial position and risk tolerance.

e. By accepting these On-chain Yields Terms, you hereby unconditionally and irrevocably: (i) confirm that you understand, accept and assume full responsibility for participating in On-chain Yields together with any and all associated risks with your subscription to an On-chain Yields Offer, including without limitation the risks described in these On-chain Yields Terms and our Risk Warning, (ii) explicitly consent to, and grant BloFin Group Entities all necessary rights for, BloFin using your Subscribed Digital Assets as described in these On-chain Yields Terms and any associated risks, and (iii) have carefully assessed whether, and determined that, On-chain Yields Services are appropriate for you.

3.5 BLOFIN DOES NOT GUARANTEE THAT YOU WILL RECEIVE ON-CHAIN YIELDS DEFI REWARDS AT THE DEFI RATE SHOWN AT THE TIME YOU SUBSCRIBE. ANY REPRESENTATION CONCERNING POSSIBLE RETURN AT THE TIME YOU SUBSCRIBE (I) IS AN ESTIMATE ONLY AND NOT GUARANTEED, (II) IS BASED ON THE DEFI RATE, WHICH MAY CHANGE, AND (III) MAY BE MORE OR LESS THAN THE ONCHAIN YIELDS REWARDS.

4. Use of the Service

4.1 You may create an opening of a position through the Service by way of a manual order on the Platform, you are required to select: (i) a Staking Protocol; and (ii) a Digital Asset quantity. The Platform will show an Estimated Reward, and a minimum Digital Asset Subscription quantity for each Staking Protocol. Your Subscribed Digital Assets may not earn Rewards at a rate equivalent to or better than the Estimated Reward shown at the time of order placement. Once the order has been placed, you may not be able to cancel, revoke or edit the order.

4.2 Once your order has been placed, BloFin shall attempt to Subscribe or allocate to you Digital Assets Subscribed on the selected Staking Protocol, in an amount equivalent to a whole or a part of your Order Quantity. Depending on the Staking Protocol chosen and market conditions, your order may not be successfully placed and you will not earn any Rewards. You will not earn any Rewards until the amount equivalent to a whole or a part of your Order Quantity is successfully Subscribed to the chosen Staking Protocol and all applicable conditions of the Staking Protocol are satisfied ("Reward Calculation Day"). The Reward Calculation Day may not be the same day when you placed your order at the BloFin Platform.

4.3 Rewards shall:

a. Start accruing from the Reward Calculation Day. Rewards will accrue every day and will be calculated on the basis of the number of days elapsed and a 365-day year. You do not earn any Rewards for the first day on which you place an order. The frequency at which Rewards will be distributed to your account will depend on the Staking Protocol chosen and market conditions;

b. For all other Staking Protocols: accrue in the Digital Asset Subscribed, unless otherwise specified on the BloFin Platform;

c. Accrue at a rate to be determined by the Staking Protocol chosen. Such rate can vary frequently. It can also vary based on the mechanics of the Staking Protocol, market conditions, and other factors depending on the Staking Protocol chosen;

d. Not accrue if your order is not successful.

BloFin may from time to time deploy yield-optimisation strategies which allow for additional yield to be gained from the Staking Protocol due to actions other than solely due to the subscription of your Digital Assets. This may include the subscription of BloFin proprietary assets to optimize reward calculation mechanisms within the Staking Protocol. Some or all of the additional yield gained by BloFin in this way may be shared with you as a component of the Reward, and any such Reward component will be indicated as a "bonus" on the BloFin Platform.

4.4 In order to Redeem your Subscribed Digital Assets, you must enter a Redemption request into the Platform. Partial Redemptions may not be permitted, and you may be required in any Redemption request to Redeem your complete Order Quantity. Once you have entered a Redemption request, you will no longer earn any Rewards in relation to the Digital Assets which are the subject of your Redemption request. Once a Redemption request has been placed, you may not be able to cancel, revoke or edit the request. The speed at which any Redemption request may be satisfied will vary and depend on market conditions. You agree and accept that when you Redeem your Digital Assets, the time it takes for the Digital Assets to arrive at your account may vary (e.g., by days or weeks). BloFin shall not be liable for any losses caused by the difference between estimated and actual Digital Asset arrival time.

4.5 BloFin may provide users with a "Fast Redemption" feature in the Service. Such feature is selected by default but is available only if there is sufficient liquidity in the Service to provide users with Fast Redemption. Fast Redemption is not guaranteed, it may not be available (with or without notice) and users may need to await standard Redemption (as described in the preceding clause) in order for their Redemption request to be satisfied. Liquidity to provide Fast Redemption is sourced from Users' Order Quantity. You agree that a portion of your Order Quantity may be used for such liquidity. BloFin reserves the right to suspend Fast Redemption without notice at any time at its sole discretion.

4.6 BloFin reserves the right to introduce, impose, adjust or remove any Subscription or Redemption limit on the corresponding amount or time period in its sole discretion, while you are using the Service. Master accounts and sub-accounts may share any limits or periods.

5. Suspension or Termination or Cancellation

5.1 BloFin may suspend, cancel or terminate the Service, or your use of the Service at any time at its sole discretion. BloFin may suspend or remove any Staking Protocol from the Service (or add a previous or new Staking Protocol to the Service). The Terms of Use set out the circumstances in which BloFin may suspend, cancel or terminate the Service. Without prejudice to the generality of the foregoing, those circumstances may include situations where:

a. You do not provide additional information to verify your identity or source of funds as requested by BloFin;

b. BloFin is required to do so by court order, to comply with any Applicable Laws and Regulations;

c. BloFin is required to do so to comply with any direction or instruction from a government body or agency;

d. BloFin reasonably determines that any information you have provided to BloFin is wrong, untruthful, outdated or incomplete; or

e. You do not provide additional information that we request to our reasonable satisfaction or in a timely manner.

6. Technology Disclaimers

6.1 BloFin may, from time to time, suspend access to your BloFin accounts, the Platform, the Service and/or any other BloFin services, for both scheduled and emergency maintenance or upgrade. You authorize BloFin to move your Digital Assets from/to Staking Protocol(s) and between Digital Wallets to the extent necessary for performing such maintenance or upgrade. BloFin will make reasonable efforts to ensure that transactions on the Platform are processed in a timely manner, but BloFin makes no representations or warranties regarding the amount of time needed to complete any such maintenance or upgrade.

6.2 Although BloFin makes reasonable efforts to update the information on the Platform, BloFin makes no representations, warranties, or guarantees, whether express or implied, that the content on the Platform, including information in relation to the Services and any other services, is accurate, complete, or up to date.

6.3 You are responsible for obtaining the data network access necessary to use the Services. You are responsible for acquiring and updating compatible hardware or devices necessary to use the Service and any updates thereto. BloFin does not guarantee that any of the Services, or any portion thereof, will function on any particular hardware or devices. The Services may be subject to malfunctions and delays inherent in the use of the internet and electronic communications.

6.4 Despite our efforts to ensure the security of your data and transactions, the risk of unauthorized access, hacking, data loss, or other breaches cannot be completely eliminated. You acknowledge that you bear the risk of any unauthorized access to your account information and any loss of Digital Assets resulting from such security breaches.

6.5 The field of digital assets is rapidly evolving, and changes in technology may require adjustments to the Services or how you interact with the Platform. BloFin reserves the right to modify the technology used, the features provided, or the Service requirements based on technological advancements or regulatory changes without prior notice.

7. Mandatory Measures

7.1 You agree and accept that BloFin strictly prohibits unfair trading practices. BloFin reserves the right to exercise control over your account or shut down your account in its sole discretion if you engage in any of the following conduct:

a. Market manipulation, price manipulation, insider dealing, market distortion, or any other malicious wrongdoing or behavior;

b. Participation in any activities that BloFin regards as harmful to the market;

c. Violation of any Applicable Laws and Regulation.

In order to eliminate any adverse effects on the overall market, BloFin reserves the right and sole discretion to suspend or terminate your account, use of the Service, or refuse to execute or cancel your commands. BloFin shall not be liable for any losses (including but not limited to any direct or indirect losses, actual losses or losses of possible profits) incurred in connection with the above measures.

8. Miscellaneous

8.1 BloFin reserves the right to unilaterally modify these On-chain Yields Terms (including the aforementioned contents) if necessary. Such modification may happen at any time without prior notice. If any changes are made, the revised contents may be posted on BloFin's website. Please regularly check the latest information posted therein to inform yourself of any changes. Your continued use of or access to the Service following the posting of any changes constitutes acceptance of those changes. If you do not accept the revised content, please stop using the Services.

8.2 If any provisions of these On-chain Yields Terms shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired in any way. However, if any provisions of these On-chain Yields Terms shall be invalid, illegal or unenforceable under any such applicable law in any jurisdiction, it shall, as to such jurisdiction, be deemed modified to conform to the minimum requirements of such law, or if for any reason it is not deemed so modified, it shall be invalid, illegal or unenforceable only to the extent of such invalidity, illegality or limitation on enforceability without affecting the remaining provisions of these On-chain Yields Terms, or the validity, legality or enforceability of such provision in any other jurisdiction.

8.3 No failure or delay by BloFin in exercising any right, power or remedy it is entitled to under these On-chain Yields Terms or by stipulation of law or regulation shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise of such rights, power or remedies.

8.4 You shall not transfer, novate or assign these On-chain Yields Terms, and the rights and obligations hereunder, in whole or in part, without the prior written consent of BloFin. BloFin has the right to transfer, novate or assign any rights or obligations under these On-chain Yields Terms by serving written notice on you, which takes effect upon the delivery of such notice.

8.5 The headings of all these On-chain Yields Terms are for convenience only and have no actual meaning and shall not be used as a basis for interpretation of the meaning of these On-chain Yields Terms.

8.6 If there is a discrepancy between the English version of these On-chain Yields Terms and the translation of other languages version, the English version of these On-chain Yields Terms shall prevail.

8.7 BloFin has the sole and final discretion of interpretation of these On-chain Yields Terms.