Rain.fi

Terms of Service

1. Introduction

These Terms of Service ("Terms") govern your use of Rain.fi's liquid staking service for Jupiter ("JUP") tokens. By using our service, you agree to be bound by these Terms. If you disagree with any part of these Terms, you may not access our service.

2. Definitions

  • "Service" refers to Rain.fi's liquid staking platform for JUP tokens
  • "StakedJUP" refers to the liquid staking token representing staked JUP
  • "ASR" refers to Active Staking Rewards earned through governance participation
  • "User," "you," and "your" refer to individuals accessing or using the Service

3. Service Description

Rain.fi provides a liquid staking solution for JUP tokens that enables users to participate in the Jupiter ecosystem while maintaining liquidity. Our service integrates with the Jupiter Voting Program to provide:

  • Seamless staking of JUP tokens through our wrapper program
  • Full participation in Jupiter governance and voting rights
  • Earning of ASR rewards through active governance participation
  • Access to liquidity through loans against staked positions
  • Real-time tracking of staking rewards and voting power

4. Technical Constraints

To ensure the integrity and security of the staking process, the following technical constraints are in place:

  • A 30-day unstaking period is required to maintain protocol stability
  • Once initiated, the unstaking process cannot be cancelled to prevent manipulation
  • Voting rights are temporarily suspended during the unstaking period
  • Unstaking requests are not processed during active voting periods
  • StakedJUP tokens are non-transferable to maintain accurate voting power tracking
  • Minimum staking amounts may apply to ensure efficient protocol operation

5. Rewards and Governance

The Jupiter Voting Program rewards active participation in governance through our service:

  • ASR rewards are distributed proportionally to voting power and participation
  • Rewards are earned through active voting, regardless of vote outcome
  • Staked positions must be maintained to continue receiving rewards
  • Rewards are automatically calculated and distributed after each voting period
  • Reward rates may vary based on protocol performance and governance decisions
  • Users can track their rewards and voting power through our platform

6. Loan Services

Our loan services provide additional flexibility while maintaining governance participation:

  • Loans are available against staked positions with competitive terms
  • Voting rights are preserved while using loan services
  • Flexible loan terms and competitive interest rates
  • Real-time collateral monitoring and risk management
  • Transparent fee structure and repayment options
  • Automated loan management through smart contracts

7. Risk Disclosure

As with any DeFi service, there are inherent risks and opportunities to consider:

  • Market conditions may affect token values and reward rates
  • Protocol upgrades and improvements may introduce new features or changes
  • Network conditions may occasionally impact transaction processing
  • Regulatory developments may influence service availability in certain jurisdictions
  • Technical innovations in the DeFi space may introduce new opportunities or challenges
  • Users should carefully consider their investment objectives and risk tolerance

8. User Responsibilities

To ensure a secure and efficient experience, users agree to:

  • Maintain secure custody of their wallet and private keys
  • Stay informed about protocol updates and governance proposals
  • Exercise due diligence when participating in governance
  • Comply with all applicable laws and regulations
  • Provide accurate information when required
  • Accept responsibility for all transactions made through their account
  • Report any security concerns or technical issues promptly

9. Limitation of Liability

Rain.fi's liability is limited to the following extent:

  • We are not liable for market-related losses or token value changes
  • Technical issues beyond our control may affect service availability
  • Protocol changes are managed according to governance decisions
  • Users are responsible for their own security practices
  • Third-party services and integrations are provided as-is
  • We maintain reasonable security measures but cannot guarantee absolute security

10. Termination

The following conditions apply to service termination:

  • Service modifications may be implemented to improve user experience
  • Terms updates will be communicated with reasonable notice
  • Access may be restricted for violations of these terms
  • Unstaking requests are processed according to technical requirements
  • Users retain their rights to their assets during any transition period

11. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the British Virgin Islands, without regard to its conflict of law provisions. Any disputes shall be subject to the exclusive jurisdiction of the courts in the British Virgin Islands.

12. Contact Information

For questions about these Terms or our services, please join our Discord community at discord.gg/rainfi. Our team aims to respond to all inquiries within 48 hours.

13. Updates to Terms

We regularly review and update these Terms to reflect our evolving services and regulatory requirements. Users will be notified of any material changes through our platform or via email. Continued use of the Service after such changes constitutes acceptance of the new Terms. We encourage users to review these Terms periodically to stay informed about their rights and responsibilities.