Flexible Crypto Loan Service Terms

1. General Provisions

1.1 Service Overview

The Flexible Crypto Loan Service ("Service") is operated by Aux Cayes FinTech Co. Ltd ("OKX"). These Terms govern your use of the Service and constitute a legally binding agreement between you ("User") and OKX. By accessing the Service, you confirm acceptance of all terms herein.

1.2 Incorporated Agreements

These Terms include:

• OKX's Terms of Service
• Risk & Compliance Disclosure
• Additional rules/policies published by OKX

Key Requirement: You must read and accept all applicable agreements before using the Service.

1.3 Loan Structure

Users borrow crypto assets ("Loan") from OKX users ("Investors") who deposit funds into OKX's Savings product. Collateral in digital assets is pledged to secure repayment.

2. Eligibility Criteria

2.1 User Qualifications

To use the Service, you must:

• Be ≥18 years old with full legal capacity
• Comply with OKX's Terms of Service
• Have legitimate sources for collateral assets
• Accept cryptocurrency volatility risks

2.2 Prohibited Activities

You agree not to:

• Use Service for illegal purposes (money laundering, terrorism financing, etc.)
• Engage in market manipulation
• Violate applicable laws

3. Key Definitions

4. Service Mechanics

4.1 Loan Process

1. Submit Loan request via OKX Platform
2. OKX matches request with Investor funds
3. Loan disbursed to your account after collateral verification

4.2 Collateral Management

• OKX freezes pledged assets during Loan term
• Frozen assets cannot be traded/transferred
• Real-time monitoring of collateral value

4.3 Risk Triggers

Warning: When Pledge Rate ≥ warning threshold (e.g., 80%)

• You must deposit additional collateral

Liquidation: When Pledge Rate ≥ liquidation threshold (e.g., 90%)

• OKX automatically sells collateral to repay Investors

👉 Learn how liquidation protection works

5. Financial Terms

5.1 Interest Calculation

• Hourly compounding: Interest = (Principal + Accrued Interest) × Current Rate
• Rate Range: 1%-365% APR, determined via auction system

5.2 Repayment

• Early repayment permitted
• Full repayment triggers collateral release within 24 hours
• Partial repayments apply first to interest, then principal

6. Risk Disclosures

6.1 Market Risks

OKX does not guarantee:

• Asset value stability
• Profitability of transactions
• System uninterrupted operation

6.2 Limitation of Liability

OKX's maximum liability = Service Fees received from you.

Exclusions: OKX isn't liable for losses due to:

• Market volatility
• Force majeure events
• Third-party actions
• Technical disruptions

👉 Understand crypto lending risks

7. FAQ

Q: Can I withdraw collateral before repaying?
A: No. Collateral remains frozen until full Loan repayment.

Q: How is interest paid to Investors?
A: 85% of interest goes to Investors; 15% allocated to OKX's insurance fund.

Q: What happens if collateral value drops suddenly?
A: The system may liquidate positions automatically without prior notice.

Q: Are there fees for early repayment?
A: No prepayment penalties apply.

8. Governing Law & Disputes

• Law: England and Wales

• Dispute Resolution:

  1. Mediation via HKIAC (90-day mandatory period)
  2. Binding arbitration if unresolved (seat: Hong Kong)

9. Amendments

OKX may modify these Terms with notice. Continued Service use constitutes acceptance. Non-English translations are for convenience only; English versions prevail.

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