PositionFi
PositionFiLaunch App

Terms of Service

Last updated: April 5, 2026

1. Acceptance of Terms

By accessing or using the PositionFi protocol and website ("Service"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, do not use the Service. The Service is provided by PositionFi ("we", "us", "our").

2. Description of Service

PositionFi is a decentralized, non-custodial, peer-to-peer lending protocol deployed on the Polygon blockchain. The Service enables users to borrow USDC against prediction market positions (ERC-1155 conditional tokens) by connecting their own self-custodial wallets and interacting with publicly deployed smart contracts. PositionFi does not hold custody of user funds or assets at any time.

3. Eligibility

You must be at least 18 years old and legally permitted to use decentralized financial services in your jurisdiction. You represent and warrant that your use of the Service does not violate any applicable law or regulation. By using the Service, you affirm that you are not a person barred from using the Service under the laws of your applicable jurisdiction.

4. No Financial Advice

Nothing on the Service constitutes financial advice, investment advice, trading advice, or any other advice. The Service is provided for informational purposes only. You are solely responsible for your own financial decisions. You should consult a qualified financial professional before making any financial decisions.

5. Risks

You acknowledge and accept the following risks:

  • Smart Contract Risk: The protocol's smart contracts may contain bugs, vulnerabilities, or behave unexpectedly. Interaction with smart contracts is irreversible.
  • Collateral Risk: Prediction market positions used as collateral can lose all value. Borrowers may lose their collateral if they fail to repay before maturity.
  • Market Risk: The value of digital assets, including USDC and prediction market tokens, can fluctuate significantly.
  • Regulatory Risk: The regulatory landscape for decentralized finance and prediction markets is evolving and uncertain. Future regulations may impact your ability to use the Service.
  • Blockchain Risk: The Polygon network may experience congestion, forks, or other issues that could affect the Service.

6. Protocol Fees

The protocol charges a success fee (percentage of interest earned) upon loan repayment and a refinance fee (percentage of new principal) upon refinancing. Fee amounts are configured in the on-chain registry contract and may be updated. Fee changes take effect only for new loans and refinance operations.

7. No Warranty

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, ERROR-FREE, OR SECURE.

8. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL POSITIONFI, ITS AFFILIATES, OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES, WHETHER INCURRED DIRECTLY OR INDIRECTLY, OR ANY LOSS OF DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, RESULTING FROM YOUR USE OF THE SERVICE.

9. User Responsibilities

You are responsible for the security of your wallet, private keys, and any transactions you execute. We cannot reverse, cancel, or modify transactions once they are submitted to the blockchain. You agree not to use the Service for any unlawful purpose or in any way that could damage, disable, or impair the Service.

10. Intellectual Property

The PositionFi brand, logo, website design, and related materials are the intellectual property of PositionFi. The smart contract code is open-source and governed by its respective license.

11. Modifications

We reserve the right to modify these Terms at any time. Changes will be posted on this page with an updated "Last updated" date. Your continued use of the Service after changes constitutes acceptance of the revised Terms.

12. Governing Law

These Terms shall be governed by and construed in accordance with applicable law, without regard to conflict of law principles. Any disputes arising from or related to these Terms or the Service shall be resolved through binding arbitration.

13. Contact

For questions about these Terms, contact us at support@positionfi.com.