1. General Overview

By participating in the RapidLoans Liquidity Pool, you agree to the following terms and conditions. The liquidity pool allows users to deposit TRX or JST tokens in exchange for a fixed return over a defined period. Additionally, users can borrow tokens from the pool under specific conditions. These terms govern your rights and responsibilities as a liquidity provider or borrower.

2. Liquidity Provision Terms

• Fixed-Term Deposits: Liquidity can be added in TRX or JST tokens for a fixed period of 15 days. During this time, the deposited tokens are locked in the pool and cannot be accessed or withdrawn early.
• Interest Rate: A fixed interest rate of 3% will be earned on your deposit over the 15-day period. Interest is calculated at the end of the investment term and can only be withdrawn along with the principal deposit.
• Withdrawal Conditions: You can withdraw your full balance (principal + earned interest) after the 15-day period ends. No further interest will be earned if you delay withdrawal, but you are free to withdraw at any time.
• No Additional Deposits: You cannot add more liquidity until you have withdrawn the full amount from a previous term. Once withdrawn, a new deposit can be made for the next term.

3. Borrowing Terms

• Loan Eligibility: To borrow tokens, you must have at least 5% more of the equivalent value of the loan in the opposite token already invested in the pool. For example, to borrow TRX worth x, you must have JST worth x + 5% in the pool.
• Loan Term: Loans are for a 30-day period with a fixed interest rate of 4%. Repayment is required within this period.
• Late Repayment Penalty: If not repaid within the 30-day term, the interest rate doubles, resulting in a total interest of 8%. Collateral may be subject to liquidation.
• Repayment: Full loan repayment, including interest, is required either within the 30-day period or later with a penalty.

4. Flash Loan Provision

The liquidity pool supports flash loans, governed by a separate Flash Loan Agreement. Flash loans must be repaid within the same transaction, ensuring no risk to the liquidity pool.

5. User Responsibilities

• Accurate Information: You are responsible for ensuring your deposits and loans are accurate and valid. RapidLoans is not liable for any loss resulting from incorrect transactions or failed repayments.
• Risk of Loss: Participating in the liquidity pool involves financial risk. While the pool offers fixed interest rates, market conditions may affect token value.
• No Early Withdrawal: Liquidity cannot be withdrawn before the 15-day term ends, except under extreme circumstances permitted by RapidLoans.

6. Modification of Terms

RapidLoans reserves the right to amend these terms at any time. Changes will be communicated via the platform, and continued participation signifies acceptance of modified terms.

7. Termination and Suspension

RapidLoans reserves the right to suspend or terminate access to the liquidity pool at its discretion. In case of termination, all users can withdraw their funds after the 15-day term ends.