Terms of Service

Bank of Cronos is a decentralized borrowing protocol that allows users to deposit assets and borrow the protocol's native stablecoin, CUSD, against them. The Bank of Cronos protocol consists of both proprietary and free, public, and open-source software. Your use of Bank of Cronos involves various risks, including, but not limited to, losses while digital assets are deposited into Bank of Cronos via smart contract or economic exploits, and losses due to liquidations and redemptions. Before borrowing, staking, or liquidity providing, you should fully review our terms and conditions to understand how the Bank of Cronos protocol works.

While the Bank of Cronos Decentralized Finance Protocol has been thoroughly audited by multiple independent software security firms and undergone third-party economic analysis, there remains a risk that assets deposited into the protocol as well as the CUSD and Bank of Cronos tokens may suffer complete and permanent economic loss should the protocol's technical or economic mechanisms suffer catastrophic failure.

USE AT YOUR OWN RISK: THE BANK OF CRONOS PROTOCOL IS PROVIDED "AS IS," WITHOUT WARRANTIES OF ANY KIND. No developer or entity involved in creating the Bank of Cronos will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other users of the Bank of Cronos protocol, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, or anything else of value. Bank of Cronos reserves the right to modify the terms of the Bank of Cronos protocol at any time for any reason.

BANK OF CRONOS AND THE BANK OF CRONOS TOKEN AND CUSD ARE NOT OFFERED TO PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN THE UNITED STATES OF AMERICA (COLLECTIVELY, "US PERSONS"). MOREOVER, NO SERVICES (AS DEFINED BELOW) ARE OFFERED TO PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN ANY SANCTIONED TERRITORY (AS DEFINED BELOW, AND ANY SUCH PERSON OR ENTITY FROM A SANCTIONED TERRITORY, A "SANCTIONED PERSON"). WE DO NOT MAKE EXCEPTIONS; THEREFORE, IF YOU ARE A US PERSON, THEN DO NOT ATTEMPT TO USE THE APP OR PROTOCOL, AND IF YOU ARE A SANCTIONED PERSON, THEN DO NOT ATTEMPT TO USE ANY OF THE SERVICES. THE USE OF A VIRTUAL PRIVATE NETWORK (VPN) TO CIRCUMVENT THE RESTRICTIONS SET FORTH HEREIN IS PROHIBITED.