Terms & Conditions

These Terms and Conditions (“Terms”) govern the access to and use of both the fija.io website and the fija application for decentralised finance (DeFi) services at app.fija.io, or via direct interaction with the fija smart contracts (e.g. the fija Vault Smart Contract or fija Strategy Smart Contract), collectively referred to as the “fija Service”.

The fija Service is operated by fija Digital Services s.r.o., headquartered in Prague, Varšavská 715/36, Praha 2, Czech Republic, under its registration as a Virtual Asset Service Provider (VASP), company registration ID 22366474 (hereinafter referred to as “fija” “we”, “us” or “our”).

The fija Service enables crypto platforms, exchanges, crypto funds, investment brokers, crypto custodians, institutional investors and retail investors (referred to as the “User”) to invest their or their clients' crypto-assets in fully automated DeFi strategies and generate yields by providing liquidity to DeFi applications, such as lending protocols, yield farming and staking services, without engaging in active trading (“fija Yield Strategies”). All fija Yield Strategies are designed by DeFi experts and are subject to a rigorous screening and selection process by fija or its affiliated companies. To invest in fija Yield Strategies, the User needs to connect a whitelisted Web3 wallet in order to be able to deposit and withdraw their crypto-assets.

The User can select an available fija Yield Strategy to start earning automated yields. After selecting a strategy, the User transfers the desired amount of the crypto-assets to the Vault Smart Contract, which mints a corresponding fija token. The fija token represents the value of the invested crypto-assets along with the yields they accumulate over time. The fija token acts as proof of deposit and provide access to both the initial deposit and the accumulated yields.

Users can withdraw their invested crypto-assets at any time, as they always remain in full control of their crypto-assets when investing in fija Yield Strategies. fija never has access to the User's crypto-assets or cryptographic keys.

By using the fija Service, the User enters into a binding agreement with fija (the “Agreement”) and agrees to the automated collection and disbursement of proceeds by smart contracts. If a User does not agree with these Terms, he may not access or use the fija Service in any way.

2.1 These Terms exclusively govern the contractual relationship between fija and the User regarding the access and use of the fija Service and constitute the sole contractual basis for the registration and use of the fija Service by the User. Any conflicting general terms and conditions of the User are excluded, even if fija does not expressly object to them.

2.2 To the extent that there is a conflict between these Terms and any applicable additional terms, these Terms shall prevail, unless expressly stated otherwise.

2.3 These Terms apply to the registration and use of the fija Service, regardless of whether the User is a natural person or a legal entity. A natural person and a legal entity are collectively referred to as the “User”. fija and the User are collectively referred to as the “Parties”.

2.4 The current Terms can be viewed and printed at any time via https://fija.io/terms-and-conditions.

3.1 To use the fija Service, the User must be at least 18 years old and have the legal capacity to enter into a binding agreement. By using the fija Service, the User represents and warrants that he meets these eligibility requirements. If the User does not meet the eligibility requirements, he may not access or use the fija Service.

3.2 The following Users are excluded from the use of the fija Service:

3.2.1 Anyone subject to the tax laws of the United States or Canada,

3.2.2 Anyone domiciled or resident in jurisdictions where cryptographic token activity is prohibited or that are on the current Financial Action Task Force (FATF) list of high-risk and other monitored jurisdictions.

4.1 The use of the fija Service is only possible if the User has successfully registered in accordance with these Terms. In addition, in order to use the fija Service, the User must accept these Terms, connect their web3 wallet and successfully complete the onboarding process as set out in this section 4. The User's registration and use of the fija Service is subject to fija’s approval and is not guaranteed.

4.2 If the User’s wallet is not whitelisted, the User will be asked to start the registration and onboarding process. To do this, the User needs to click on the applicable button within the fija interface. Depending on whether the User is registering as an individual (KYC) or as a business (KYB), the relevant onboarding process will start.

4.3 When registering, the User must provide his e-mail address. By entering his email address, the User submits a binding offer to register and use the fija Service ("Registration Offer"). Upon receipt of the Registration Offer, the User will receive an email containing an activation code, which constitutes the acceptance of his Registration Offer and the contract for the use of the fija Service in accordance with these Terms, subject to the completion of the onboarding process and the approval by fija. By entering the activation code in the fija interface, the User confirms his email address.

4.3.1 Onboarding Process for Individuals

To complete the onboarding process, the User must truthfully provide all of the information required for identification as set out in the onboarding process, including but not limited to, his name, address and proof of identity through a face scan and proof of residence by providing certain types of documents. The User will be required to answer additional questions relating to his investment preferences and risk tolerance.

4.3.2 Onboarding Process for Business Entities

To complete the onboarding process, the legal representative of the company must truthfully provide company information, including but not limited to company name, registration number, legal address, tax identification number, shareholder and member information, proof of the company's existence, and additional information related to investment preferences and risk tolerance.

4.4 Once the User has provided all the required information and answered all the additional questions, he must wait for his application to be reviewed and approved by fija. This process can take up to three (3) days, provided no additional information is required.

4.5 Once approved, the User’s web3 wallet will be whitelisted and he will be able to use the fija Service and start investing in fija Yield Strategies.

5.1 fija provides access to various fija Yield Strategies, allowing the User to invest their or their client’s crypto-assets to earn yields by providing liquidity to DeFi applications. For each fija Yield Strategy, fija deploys at least one Vault Smart Contract and/ or a Strategy Smart Contract.

5.2 By using the fija Service, the User acknowledges and agrees that all services accessed via the fija Service are automatically processed using one or more smart contracts. By using the fija Service, the User acknowledges and agrees to the automatic processing of all transactions in connection with the fija Yield Strategies. The applicable smart contract will determine how the crypto-assets and the corresponding yields will be distributed.

5.3 The fija Yield Strategies are designed by DeFi experts. Each fija Yield Strategy specifies a predefined crypto-asset ("deposit currency”, e.g., USDC or ETH) for liquidity provision in DeFi applications. All fija Yield Strategies have an APY (Annual Percentage Yield) based on historical data and a “fija Safety Score". The APY reflects potential returns compounded over one year. The fija Safety Score assesses the stability of the blockchain, the inherent risks of the deposit currency and the reliability of the protocol and rates the risk from 1 (high) to 10 (low). Detailed information, including average APY, fija Safety Score and key facts, will be provided within the fija Service prior to investment or on request.

5.4 The User needs to connect their web3 wallet to the Vault Smart Contract in order to be able to deposit and withdraw their crypto-assets.

5.5 After choosing a fija Yield Strategy, the User transfers the desired amount of crypto-assets to the respective Vault Smart Contract. In return, the Vault Smart Contract issues fija tokens to the User's wallet. The fija tokens represent the amount of crypto-assets sent to the Vault Smart Contract and is exclusive to that Vault Smart Contract. The Vault Smart Contract invests the transferred crypto-assets in the chosen fija Yield Strategy by providing liquidity to DeFi applications in a predefined manner. The generated yields depend on the selected fija Yield Strategy.

5.6 A fija Yield Strategy for a specific Vault Smart Contract can be changed after a lock-up period (“lock-up period”). In this case, fija will inform the User at the start of the lock-up period on its website or via email prior to the change and propose a new fija Yield Strategy for the respective Vault Smart Contract. The change will only become effective after the expiry of the lock-up period. During the lock-up period, the User has the right to withdraw their deposit tokens or to accept the change. If the User does not withdraw his crypto-assets by the end of the lock-up period, the new fija Yield Strategy will be activated and all crypto-assets will be automatically transferred to the new strategy. Throughout the change process the user keeps the existing fija token.

5.7 The User can initiate the return of their crypto-assets at any time by transferring the fija tokens back to the Vault Smart Contract. In return, the Vault Smart Contract will automatically transfer the invested crypto-assets plus the accrued yields, minus any profits due to fija according to section 6.

5.8 The User always remains in control of their crypto-assets. fija has no possession, custody or control over the invested crypto-assets, the private cryptographic keys or any User's funds.

5.9 fija has no control or guarantee over the wallets used by the User. The connected wallet is provided by a third party and is subject to separate terms and conditions of the respective third-party service provider.  

5.10 fija reserves the right to introduce new strategies or remove existing ones at its own discretion.

6.1 No fixed fees

There are no fixed fees for using the fija Service.

6.2 Profit share

fija is entitled to a compensation of 25% of the returns generated by the fija Yield Strategy. This remuneration is automatically deducted by the smart contract and transferred to the fija wallet.

6.3 Gas fees

Transactions on blockchains require gas fees. These are network transaction fees paid on every transaction that occurs on the selected blockchain network. fija has no influence on the network gas fees, and gas fees incurred during deposit and withdrawal transactions are born by the User. Gas fees are non-refundable.  

6.4 Slippage and exchange fees

The fija Yield Strategies make use of several blockchain protocols provided by third parties, such as exchanges and liquidity pools. Using these protocols may incur exchange fees and slippage losses (which are discrepancies between the expected price of a cryptocurrency and the price at which the order is filled). Exchange fees and slippage losses incurred during deposit and withdrawal transactions are born by the User and are non-refundable.

7.1 If fija becomes aware of unauthorised use of the fija Service by a User, particularly use by unauthorised third parties, fija will temporarily suspend the User's access and wallet to the fija Service and inform the User to jointly investigate the incident. If the User cannot clarify the unauthorised use or fails to take measures to prevent it, fija may permanently exclude the User from using the fija Service.

7.2 fija may permanently exclude the User from using the fija Service if (i) the User has provided false identification information, (ii) the User damages fija economically or reputationally, (iii) the User violates these Terms, or (iv) there is another important reason.

7.3 Any crypto-assets already invested will remain in the respective strategies and continue to generate yields according to the terms of the strategy.

8.1 Changes to these Terms will be communicated to the user at least two (2) weeks before the proposed effective date in text form via the fija Service. Changes may also be communicated electronically, particularly via email to the email address provided by the User during registration.

9.1 fija is entitled to temporarily restrict the use of the fija Service if necessary for security, integrity, and capacity limits of the fija Service or to perform technical measures on the fija Service, such as maintenance work. fija will consider the legitimate interests of the User and inform the User of any restrictions in a timely manner.

9.2 Beyond the availability restrictions described in Section 9.1, fija may modify and adjust the fija Service and its functionality if a valid reason necessitates such changes, particularly (i) to implement changed legal requirements or case law, (ii) to implement changed technical requirements such as a new technical environment or other operational reasons, (iii) to maintain operations, (iv) to adapt to changed market conditions such as increased user numbers, and (v) for the benefit of the user. Users will not incur any additional costs for changes to the fija Service and its functionality. fija will inform the User clearly and understandably about the changes on the fija Service.

9.3 If a change under Section 9.2 significantly affects the User's access to or usability of the fija Service ("negative change"), fija will inform the User at least two (2) weeks in advance via email ("change notification"). The change notification will include the characteristics and timing of the negative change as well as information about the User's rights described below.

9.4 In the event of negative changes, the User has the right to terminate the contract by initiating the return process according to 5.7 to withdraw all crypto-assets invested in the fija Service.  

9.5 These Terms apply accordingly to all changes made and to the use of the fija Service in its amended version.

9.6 Adding, removing, and adjusting the content and services available on the fija Service does not constitute a change to the fija Service or its functionality. fija may make these adjustments at any time without considering the provisions of Sections 9.2 to 9.4.

10.1 fija is liable without limitation if damage is caused by an intentional or gross negligent breach of duty by fija or one of its legal representatives.

10.2 In addition, fija is liable for slight negligent breach of essential obligations. Essential are those obligations the breach of which puts at risk the achievement of the contractual purpose, or the performance of which enables the fulfilment of the contract and is regularly trusted on by the Customer. In this case, fija however is only liable for foreseeable damage typical of the contract. fija is not liable for slight negligent breach of any other obligations than those mentioned in the previous sentences.

10.3 The aforementioned limitations of liability do not apply for damages from injury to life, body or health, for a defect after a guarantee for the condition of the product of for fraudulently concealed defects.

10.4 To the extent the liability of fija is excluded or limited, such exclusion or limitation also applies to the employees, legal representatives or vicarious agents of fija.

10.5 fija is not liable for any third-party services (e.g. self-hosted wallets provided by a third party).

11.1 fija operates under strict European standards, including regulatory compliance and AML/KYC/KYB measures.

11.2 Independent smart contract audits are conducted to ensure reliability and safety.

12.1 The User assumes the risks of engaging in novel and experimental technology. Technologies such as smart contracts on various blockchains, cryptographic tokens generated by the smart contracts, and other nascent software, applications, and systems that interact with blockchain-based networks are experimental, speculative, inherently risky, and subject to change. Among other risks, bugs, malfunctions, cyberattacks, or changes to the applicable blockchain (e.g., forks) could disrupt these technologies and even result in a total loss of crypto-assets, their market value, or funds. fija assumes no liability or responsibility for any such risks. If the User is not comfortable assuming these risks, they should not access or engage in transactions using blockchain-based technology.

12.2 The User acknowledges the risks of using the fija Service. The User bears sole responsibility for evaluating the fija Service before using them, as all transactions on the blockchain are irreversible, final, and without refunds. The fija Service may be disabled, disrupted, or adversely impacted as a result of sophisticated cyber-attacks, surges in activity, computer viruses, and/or other operational or technical challenges, among other things. fija disclaims any ongoing obligation to notify the User of all the potential risks of using and accessing the fija Service. The User agrees to accept these risks and agrees that they will not seek to hold fija responsible for any consequent losses.

12.3 The User is solely responsible for the security of their private keys. fija does not have access to their private keys. Any unauthorised access to the wallet by third parties could result in the loss or theft of any crypto-assets or funds held. The User understands and agrees that fija is not involved in, and the User will not hold fija responsible for, the management and maintenance of the security of the User’s Self-Custodial Wallet. The private key associated with the wallet address from which the User transfers their crypto-assets or the associated private key is the only private key that can control the crypto-assets transferred into the Vault-Smart Contracts.

12.4 The User is solely responsible for the security of their wallets.

12.5 The User's identification information must be provided completely and accurately and must be continuously updated by sending fija the updated information.

In processing data in accordance with this agreement, fija complies with all applicable data protection laws, particularly the General Data Protection Regulation (EU) 2016/679 ("GDPR") and/or any other applicable national data protection laws. Specifically, fija adequately protects its systems against unauthorized or accidental destruction, accidental loss, technical errors, forgery, theft, illegal use, unauthorized alteration, duplication, access, and other unauthorized processing.

The User is solely responsible for the payment of all taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority associated with their use of the fija Service and/or payable as a result of using and/or exploiting any crypto-assets and interacting with smart contracts. Blockchain-based transactions are novel, and their tax treatment is uncertain.

15.1 fija reserves the right to terminate or suspend access to the fija Service for Users who violate these Terms or engage in activities that compromise the security and integrity of the fija Service.

15.2 Users may terminate the use of the fija Service at any time by disconnecting their web3 wallet and ceasing to access the fija Service.

15.3 Immediate termination remains unaffected.

16.1 These Terms constitute the entire agreement between fija and the User regarding the use of the fija Service and supersede any prior agreements or understandings.

16.2 Any amendments or modifications to these Terms must be made in writing and signed by both parties.

16.3 This Terms shall be governed by and construed in accordance with the laws of the Czech Republic. Any disputes arising out of or in connection with this agreement shall be subject to the exclusive jurisdiction of the courts in Prague, Czech Republic.

16.4 If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions will continue to be valid and enforceable.

Date: March 28th 2025