Terms & Conditions: Dollars Earn x Ethena Campaign

Last update: 27th of June, 2025

Welcome to the Dollars Earn x Ethena Campaign (the "Campaign"). By participating in the Campaign, you agree to be bound by these Terms and Conditions (the “Terms”).

These Terms are an integral part of Wallet’s User Agreement. In the event of any inconsistency between these Terms and the User Agreement, the User Agreement shall prevail. However, where a specific provision under these Terms does not derogate from but rather supplements the general provisions, such specific provision shall prevail.

Campaign Overview

When you join the Campaign, you agree that the amount of USDt you commit to the Campaign will be held in USDe, a synthetic dollar developed by Ethena — more information is available at https://docs.ethena.fi/. Wallet will hold your committed balance in USDe during your participation in the Campaign.
There are two types of Rewards under the Campaign. Your Rewards will come from Wallet and may vary depending on market conditions, as set out in these Terms.
The Campaign starts on June 24th, 2025, and has no set end date. Participation is available at any time during the Campaign. Wallet reserves the right to change the duration of the Campaign at its sole discretion.
The name "Dollars Earn" refers solely to the name of the Campaign and does not relate to any fiat currency with the word “dollars” in its name, any traditional financial instruments, or similar concepts.

Eligibility

To participate in the Campaign, you must be a User of Wallet and must be verified at least at Identification Levels “Basic”. Depending on Wallet's internal policies, you may be required to verify at the "Extended" or "Advanced" level.
You are not eligible to access the Campaign if you have been blocked, restricted, or otherwise had your permissions limited by Wallet for any reason under the User Agreement, these Terms, or Wallet’s internal policies.
You may be ineligible to receive Rewards if Wallet determines that you have violated the User Agreement, these Terms, or Wallet’s internal policies between the time Rewards were accrued and the time you attempt to withdraw them to your Wallet balance.
The Campaign may be unavailable in certain jurisdictions. Wallet reserves the right to modify its availability in specific jurisdictions at its sole discretion.

Balance Committed to the Campaign

To participate in the Campaign, you must transfer a specified amount of USDt from your Wallet balance to a separate Earn account within Wallet. By making the transfer, you authorize Wallet to convert USDt into USDe at the applicable exchange rate. Your balance in the Earn account will be held in USDe for the duration of the Campaign, or until you choose to withdraw it earlier.
The applicable exchange rate between USDt and USDe is determined at Wallet’s sole discretion and is closely aligned with aggregated real-time market data.
The minimum commitment required for the Campaign is 10 USDt.
Wallet reserves the right to modify the minimum commitment requirement and to set or amend the maximum commitment limit at any time, at its sole discretion.
Wallet may, from time to time and at its sole discretion, limit or suspend the option to commit additional USDt to the Campaign.
You may initiate a withdrawal of your committed balance, either in full or in part, from your Earn account at any time, unless otherwise provided in these Terms. The minimum withdrawal amount is 1.3 USDe. Upon withdrawal, you authorize Wallet to convert the USDe committed in your Earn account into USDt at the applicable rate.
Withdrawing the full committed balance will terminate your participation in the Campaign. To participate in the Campaign again, you should commit the required minimum balance or more to your Earn account.
Wallet reserves the right, at its sole discretion, to suspend the ability to withdraw committed balances from Earn accounts in unforeseen circumstances — including, but not limited to, the depegging of USDe, significant market volatility, trading or liquidity disruptions, actions by third parties, or other adverse market condition. The time required to withdraw balances may vary depending on third-party actions and prevailing market conditions, and can differ across situations.

Rewards

Wallet offers a tiered Annual Percentage Yield (“APY”) structure consisting of: (i) Basic rewards, the amount of which may vary based on market conditions (“Basic APY”); and (ii) Bonus rewards, which are loyalty bonus for first-time participants in the Campaign (“Bonus APY”), (collectively, the “Rewards”). Rewards are distributed by Wallet directly to participants based on the duration of participation in the Campaign.
The specific Basic APY structure for this Campaign is updated weekly and is visible in Wallet’s interface for your Earn account. The Basic APY structure is not fixed and may be adjusted at Wallet’s discretion. Details of the Basic APY structure are published in the FAQ section [FAQ in English | FAQ in Russian].
Wallet may, at its sole discretion, offer a Bonus Annual Percentage Yield to eligible Users from time to time; however, the availability of such a Bonus APY is not guaranteed.
The Bonus APY is provided on top of the Basic APY and grants additional Rewards. The specific rate of the Bonus APY is variable and may be amended or withdrawn at Wallet’s sole discretion. Details of the Bonus APY structure are published in the FAQ section [FAQ in English | FAQ in Russian]
The Bonus APY applies only to the committed balance of up to 25,000.00 (twenty-five thousand) USDe in the Earn account. If you are eligible for the Bonus APY and your committed balance exceeds 25,000.00 USDe, the portion above this limit will accrue Rewards at the Basic APY rate.
The total Bonus Reward Pool available for distribution under the Bonus APY is limited. Once this Bonus Reward Pool is exhausted, Bonus APY will no longer apply. Wallet reserves the right to revise the size of the Bonus Reward Pool at any time and without prior notice to Users.
Rewards are credited automatically to your Earn account on a daily basis, allowing for the calculation of further Rewards based on compound interest. Accrued Rewards from previous periods increase your committed balance throughout your participation in the Campaign unless you partially or fully withdraw the Rewards credited to your Earn account.
Rewards are calculated only for full calendar days on which you have committed your USDt to the Campaign.
You acknowledge that past performance is not indicative of future Rewards, and Rewards may fluctuate or be discontinued at Wallet’s sole discretion.

Risk Disclosure & Limitation of Liability

Wallet makes no representations, warranties, or guarantees, express or implied, regarding the profitability, returns, or any financial or economic benefits associated with participation in the Campaign. Wallet does not warrant or guarantee the suitability, fitness for a particular purpose, or the achievement of any expected results from the Campaign. Participation is solely at the User’s own risk.
The Campaign is not a traditional financial deposit, investment product, or savings account, and it does not carry any guarantees or protections comparable to those offered by financial institutions or regulated financial instruments.
USDe IS INTENDED TO MAINTAIN A STABLE, PEGGED VALUE; HOWEVER, YOU ACKNOWLEDGE AND ACCEPT THAT THIS PEG IS NOT GUARANTEED. A DEPEGGING EVENT MAY OCCUR, WHEREBY THE PRICE OF USDe FALLS BELOW ITS INTENDED VALUE DUE TO FACTORS SUCH AS MARKET VOLATILITY, CHANGES IN LIQUIDITY, LOSS OF CONFIDENCE, OR OTHER EXTERNAL INFLUENCES AFFECTING USDE’S STABILITY. AS A RESULT, THE VALUE OF YOUR COMMITTED BALANCE MAY FLUCTUATE. IN CERTAIN CIRCUMSTANCES, THE VALUE OF YOUR COMMITTED BALANCE MAY DECREASE SIGNIFICANTLY — OR IN EXTREME CASES, BECOME ENTIRELY WORTHLESS.
To the fullest extent permitted by applicable law, Wallet shall not be liable for any losses or damages — whether direct, indirect, incidental, consequential, special, exemplary, or punitive — including, without limitation, loss of assets (including balances committed to the Campaign), loss of profits, loss of revenue, loss of data, loss of opportunity, or any similar harm arising out of or in connection with participation in the Campaign, whether based on contract, tort, or otherwise.
Wallet does not own or control the blockchain or smart contracts and makes no guarantees regarding their availability, reliability, or uninterrupted functionality. Wallet is not liable for any smart-contract-related risks, smart contract failures, network congestion, governance changes, system failures, unplanned interruptions in blockchain network or services, hardware or software defects, security breaches, or any other causes that could adversely affect blockchain network or respective smart contracts. The availability and amount of Rewards may be affected by these factors, and Wallet does not guarantee any specific return or continuous accrual of Rewards.

Termination

Wallet may terminate or suspend your access to the Campaign at any time, with or without prior notice and without liability, for any reason, including but not limited to a breach of these Terms. Upon termination, you will no longer be able to participate in the Campaign, and any rights or obligations accrued prior to termination shall not be affected unless otherwise stated.

Amendments

We reserve the right to modify these Terms at any time. Any changes will be effective immediately upon posting, and your continued participation after such posting will constitute acceptance of the changes.