WPay Yield
Terms of Service

Effective Date: [X]

Company: Wirex Pay Chain Limited

Service: WPay self‑custodial vault product (the “Service”) via which you (the “User”) may transfer stable coins into a vault (the “Vault”) and authorise investment through the underlying smart‑contract infrastructure.

​

1. Definitions

In these Terms:

· “We”, “Us”, “Our” means Wirex Pay Chain Limited, a company incorporated in the British Virgin Islands (Company number: 2157140).

· “You”, “Your” means the User of the Service.

· “Vault” means the smart‑contract-based pool or protocol infrastructure into which your stablecoins are transferred for investment by you.

· “Smart Contract Infrastructure” means the on-chain software that runs the Vault. It includes the automated code that handles deposits and withdrawals, manages how assets are used or invested, and carries out any other actions the Vault is designed to perform.

· “Stablecoins” means the digital tokens (designated by us and notified to you) that you may transfer into the Vault.

· “Investment Strategy” means the protocol‑ or algorithm‑driven approach applied by the Vault to allocate or deploy assets for yield or returns via the Smart Contract Infrastructure.

· “Service Documentation” means any user guides, FAQs or technical disclosures we publish concerning the Service.

​

2. Acceptance of Terms

By using the Service, you confirm that you have read and understood these Terms, that you are legally capable of entering into them, and you accept to be bound by them. If you do not agree, you must not use the Service.

​

3. Your Role & Custody

You retain full custodial control of your Stablecoins until you instruct the transfer into the Vault.

When you transfer Stablecoins into the Vault interface, you authorise the Smart Contract Infrastructure to hold and deploy them in accordance with the Investment Strategy selected or notified by us.

All funds transferred into the Vault will automatically be enrolled in the WPay Yield feature, where they may earn up to 6% APR. You have the option to opt out at any time after depositing, in which case your Stablecoins will remain in the Vault but will not be allocated to the Yield feature. Please note that APR is indicative and may fluctuate depending on market conditions and the Investment Strategy.

The Vaults available for the Service and the Stablecoins they accept may vary from time to time. Wirex will provide information on the available Vaults, their underlying assets, and any changes via the Service Documentation.

You understand and accept that once the transfer is executed on‑chain, the transaction is irreversible and governed by the Smart Contract Infrastructure.

We do not provide a guarantee of returns, nor do we act as trustee or custodian of your Stablecoins.

You acknowledge that you must make your own independent assessment before using the Service, including assessing whether the Service and stablecoins utilized are suitable for your financial circumstances, risk appetite, and objectives.

We do not provide financial, investment, legal, or tax advice. Any information we provide is for general informational purposes only. You should consult an independent professional adviser if you are unsure about any aspect of the Service or the potential tax implications of depositing or withdrawing Stablecoins.

The Service may interact with third-party protocols, platforms, or investment managers (each a “Third-Party Provider”). You acknowledge that we do not control these Third-Party Providers, and we have no ability to access or recover funds from them. Your use of the Service is at your own risk with respect to any actions or failures of Third-Party Providers.

​

4. Smart Contract Infrastructure and Your Risk

​

You acknowledge that the Vault is operated via Smart Contract Infrastructure, which is software deployed on a blockchain network. You accept the inherent risks that blockchain‑based systems may be subject to operational, technical, security, or protocol vulnerabilities.

While we endeavour to make the Service robust, we cannot guarantee that the Smart Contract Infrastructure will operate flawlessly, and we exclude liability to the fullest extent permitted for any failure, bug, hack, exploit, or other event that results in loss of value, loss of funds, or inability to access funds.

The Investment Strategy may involve third‑party protocols; we are not responsible for the performance, governance, or security of those protocols.

Past yields or returns are not indicative of future results.

The Vault operates entirely through Smart Contract Infrastructure, which is software running on a public blockchain. When you choose to use the Service, you understand that these smart contracts act automatically based on their code and are not manually controlled or overseen by Wirex.

The usage of blockchain systems carries certain risks. Smart Contract Infrastructure may contain errors, be vulnerable to security issues, or behave unexpectedly. Blockchain networks can also experience congestion, delays, outages, or other disruptions that may affect your ability to deposit, withdraw, or view your Stablecoins.

You also understand that the value of Stablecoins can change for reasons beyond our control, including market conditions, liquidity issues, or problems with the issuer. We are not responsible for any loss caused by these fluctuations.

Events outside our control, such as network failures, system downtime, protocol errors, or other technical issues, may interrupt or affect your use of the Service. While we will try to restore normal operation as soon as reasonably possible, we cannot guarantee uninterrupted access and are not liable for losses that arise from such events.

You understand that, depending on market conditions or the investment strategy, it may be difficult to withdraw your Stablecoins promptly or at a specific value. In addition, there is no direct recourse against Wirex, the Smart Contract Infrastructure, or any Third-Party Provider if losses occur.

You are solely responsible for safeguarding your wallet credentials, private keys, and devices used to access the Service. Loss, theft, or compromise of these credentials may result in permanent loss of your funds.

5. Use of the Service

You must comply with all applicable laws (including AML, sanctions, tax, and any financial services regulations applicable to you) when using the Service.

You must ensure you fully understand how the Service operates before transferring any stablecoins. This includes reading all available documentation, reviewing applicable risks, and seeking independent advice where needed.

You are responsible for maintaining the security of your wallet, private keys, access credentials, and any device used to interact with the Service.

We are not responsible for interruptions to the Service arising from events outside our control, including (but not limited to) blockchain network instability, validator downtime, node issues, smart contract failures, power outages, internet disruptions, or third‑party platform failures. In such circumstances, we will use reasonable efforts to resume normal Service but will not be held liable for any direct or indirect losses you may incur as a result of such interruptions.

We may suspend or terminate the Service at any time, for any reason, including regulatory changes, product updates, or concerns regarding compliance with these Terms. We will make reasonable efforts to provide notice, but access may be restricted immediately if necessary.

If you have any questions or require assistance with the Service, you may contact us via the in-app support chat or by emailing: support@wirex.com. We aim to respond promptly to all enquiries.

6. Fees and Charges

Fees (deposit, withdrawal, performance, management, or strategy fees) will be clearly notified in the Service Documentation.

Your decision to transfer into the Vault is subject to the fee structure in force at the time.

We are not responsible for any tax liabilities that may arise from your use of the Service. You are solely responsible for determining and fulfilling any tax obligations, including but not limited to capital gains tax, income tax, or reporting obligations triggered by deposits, withdrawals, or yield generation.

​

7. Eligibility & Prohibited Users

The Service is not available to persons in jurisdictions we designate as prohibited (a “Restricted Territory”).

You covenant that you are not a Prohibited Person and meet any eligibility criteria set out in the Service Documentation.

We reserve the right to refuse access to the Service, or to revoke your participation, if we suspect fraudulent activity, non-compliance with these Terms, or any dispute relating to your use of the Service.

8. No Guarantee

Nothing in these Terms or Service Documentation constitutes financial, legal, tax, or investment advice.

You must make your own informed decision based on your own circumstances and, where required, with the support of an independent professional adviser.

Returns may vary significantly and may be negative. We do not guarantee the long‑term value, stability, or liquidity of any Stablecoin or digital asset.

We do not guarantee that Deposits placed into the Vault or the Investment Strategy will generate profit, nor that you will recover the full value of your Stablecoins.

Any returns or yield from the Vault will depend on factors including market demand, allocation of assets under the Investment Strategy, and other market conditions. Yields may fluctuate, and past performance is not indicative of future results. Wirex does not guarantee any specific returns.

​

​

9. Limitation of Liability

We exclude liability for indirect, consequential, special, or punitive losses to the extent possible under law.

We shall not be liable for any loss arising from fluctuations in the value of Stablecoins or other digital assets; network congestion, blockchain outages, protocol errors, forks, or service interruptions; smart contract exploits, security breaches, or unforeseen vulnerabilities; delays or inability to process transactions; or any indirect, consequential, incidental, special, or punitive damages including loss of profits, opportunity, data, or anticipated savings.

Furthermore, we shall not be liable for any delay, loss, or failure to perform our obligations under these Terms caused by events beyond our reasonable control, including but not limited to natural disasters, acts of government or regulators, strikes, pandemics, network outages, or other unforeseeable events (“Force Majeure Events”).

10. Data Protection & Privacy

We will process your personal data in accordance with our Privacy Policy.

You acknowledge that use of blockchain and third-party wallets may involve cross‑border data transfers.

11. Amendments

We may amend these Terms at any time. For material changes, including changes to eligibility criteria, fees, or Vault operation, we will provide at least one day’s notice via the Service or email where reasonably possible. Your continued use of the Service after such notice constitutes acceptance of the amended Terms.

Your continued use of the Service constitutes acceptance of amended Terms.

12. Governing Law & Jurisdiction

These Terms are governed by and construed in accordance with the laws of England and Wales.

Any dispute shall be subject to the non‑exclusive jurisdiction of the courts of the British Virgin Islands.

13. Miscellaneous

If any provision is found invalid or unenforceable, the remainder of the Terms continues in full force.

These Terms represent the entire agreement regarding the Service.

​

​

SCHEDULE A - Risk Factors

1. Technical & Protocol Risk

Smart Contract Infrastructure may contain bugs, design flaws, or vulnerabilities; exploits could lead to partial or total loss of funds.

Third-party protocols used by the Investment Strategy may fail, be hacked, insolvent, or subject to governance risk.

Blockchain networks may experience outages, congestion, forks, or other unexpected behaviour.

2. Liquidity & Market Risk

The Vault may become illiquid, which means withdrawals may be delayed or impaired.

Market movements or low demand may reduce returns or cause losses.

Yield strategies may underperform.

3. Asset Quality & Strategy Risk

Stablecoins may carry issuer or counterparty risk or deviate from their intended value.

Investment strategies may shift into higher-risk assets or leverage, increasing potential loss.

4. Self-Custody & Wallet Risk

You are responsible for your wallet, keys, and credentials; loss, theft, or compromise may result in loss of funds.

On-chain transactions are irreversible.

5. Regulatory & Governance Risk

Regulatory frameworks for blockchain and tokenised assets are evolving; future changes may impact the Service.

Governance decisions by protocol owners or third parties may affect returns or rights.

​