Terms and Conditions of KEMFINITY s.r.o.

Effective Date: Nov 1st 2024

Welcome to KEMFINITY s.r.o. (“we,” “us,” “our”). By accessing or using our services, you agree to be bound by these Terms and Conditions (“Terms”). Please read them carefully.

1. General Provisions

1.1 These Terms govern the use of our website, services, and products offered by KEMFINITY s.r.o., a Czech Limited Liability Company registered under IČO 22162194, with its registered office at Chudenická 1059/30, Hostivař, 102 00 Praha 10.

1.2 By using our services, you confirm that you are at least 18 years old and have the legal capacity to enter into this agreement.

1.3 These Terms are governed by the laws of the Czech Republic, in particular the Czech Civil Code (Act No. 89/2012 Coll.).

2. Services and Products

2.1 KEMFINITY s.r.o. provides crypto exchange services as well as the ability to send, buy, and sell crypto.

2.2 We reserve the right to modify, suspend, or discontinue any aspect of our services without prior notice.

2.3 Product availability is subject to change, and we are not liable for delays caused by supply chain issues or unforeseen circumstances.

2.4 Savings Service Overview

By opting into the KEM savings feature, you authorise KEM to allocate funds you designate into Ethena’s USDe-based savings product. Your savings will be converted to USDe and staked into sUSDe (or equivalent yield-bearing products offered by Ethena Labs) to earn potential interest.

2.4.2 Interest Rate

KEM aims to provide an interest rate of approximately 5.5% APY on savings held through Ethena’s USDe-based product.

Important: This rate is indicative only. It reflects the current expected yield from Ethena at the time of offering. The actual interest rate may vary at any time due to market conditions, changes in Ethena’s operations, or other external factors outside of KEM’s control.

2.4.3 No Guarantee

• KEM does not guarantee that any particular rate of return will be achieved on your savings.
• KEM is not liable for any reduction, suspension, or loss of yield resulting from Ethena’s platform performance, market volatility, or operational risks associated with the Ethena protocol or its partners.
• All interest accrued will depend on the net yield received from Ethena after any associated fees, adjustments, or network costs.

2.4.4 Risks

By participating in the KEM savings feature:

• You acknowledge that your funds are exposed to the risks of Ethena’s platform, including but not limited to smart contract risk, de-pegging risk, market volatility, exchange counterparty risk, and regulatory changes affecting Ethena’s operations.
• You understand that your savings are not protected by the UK Financial Services Compensation Scheme (FSCS) or equivalent government guarantee.

2.4.5 Liability Limitation

To the maximum extent permitted by law:

• KEM is not liable for any direct, indirect, incidental, consequential, or special loss or damage arising out of or in connection with your use of the savings feature.
• KEM shall not be liable for any losses related to changes in interest rates, temporary or permanent unavailability of Ethena services, or the loss of funds caused by third-party platforms or protocols.

2.4.6 Changes to the Savings Feature

KEM reserves the right to modify, suspend, or terminate the savings feature at any time, including adjusting the indicative interest rate, terms of participation, or platform partner (e.g., Ethena).

Where practicable, KEM will provide reasonable notice via the app or by email.

2.4.7 User Acknowledgement

By using the KEM savings feature:

• You agree that KEM acts as a facilitator, not as an issuer, guarantor, or manager of any yield or return on savings.
• You acknowledge and accept all risks associated with savings through Ethena.

3. Orders and Payments

3.1 Orders are confirmed upon receipt of payment or upon specific agreement otherwise.