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This page summarizes the legal terms that apply to Drakewell’s products and to drakewell.fi. The full Terms of Use [TBC: Terms of Use URL] and Privacy Policy [TBC: Privacy Policy URL] govern, and where they differ from this page, they control.

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No offer or advice

Nothing in these docs is investment, legal, accounting or tax advice, a recommendation, an offer to sell, or a solicitation of an offer to buy any security or other financial instrument in any jurisdiction. Consult your own advisers before you act.

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Rates and figures

Rates shown are current contractual rates or historical results. They are not forecasts and are not guaranteed. Rates are set per vault. Current terms at drakewell.fi. Figures are read from public blockchains and third-party venues and can be delayed, estimated or incomplete.

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Risk of loss

Digital assets involve substantial risk, including the possible loss of the entire amount deposited. See USDdw risks and SPYdw risks.

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Eligibility

Drakewell’s products are offered to eligible institutional participants only. They are not offered to U.S. persons and are not available in all jurisdictions [TBC: eligibility and jurisdictions]. To use them, you must:
  • Be of legal age and have full legal capacity in your jurisdiction.
  • Not be located in, organized in or resident of a jurisdiction where using the products is prohibited.
  • Not be subject to sanctions administered by the United Nations, the European Union, the United States (including OFAC lists) or a similar authority.
Venues apply their own eligibility, onboarding and geographic checks, which can be stricter than Drakewell’s. Access to a vault through drakewell.fi does not mean you are eligible under a venue’s rules. You are responsible for complying with the laws that apply to you.

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Venue terms

USDdw’s credit vaults on Ethereum and Arbitrum are hosted on partner venues, and a deposit into one is also governed by that venue’s agreements. Where they conflict with Drakewell’s terms on a vault matter, the venue’s agreements control.
  • Accountable: operated by Accountable Limited, a British Virgin Islands business company. Deposits are governed by Accountable’s Master Service Agreement and the vault’s loan documentation, under British Virgin Islands law.
  • Venzo: governed by the terms, disclosures and risk documentation Venzo publishes.
  • Aleo: the vault on Aleo is run by Drakewell, not a partner venue.
Depositing into a vault may mean entering a lending or similar relationship with a borrower or counterparty named in the venue’s documentation.

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Operator

drakewell.fi is operated by Farthings Inc, a company incorporated in the Republic of Panama [TBC: confirm operating entity after the rebrand].

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Trademarks

[TBC: trademark notice for S&P 500 and SPY, wording from counsel] Drakewell is not affiliated with the Drake Well Museum or the Commonwealth of Pennsylvania.