Terms of Service

Last updated: February 2026

1.Acceptance of Terms

By accessing or using SpinPigs ("the Platform"), you agree to be bound by these Terms of Service. If you do not agree to these terms, do not use the Platform. Your continued use of the Platform constitutes acceptance of any updates to these terms.

2.Description of Service

SpinPigs is a decentralized Rotating Savings and Credit Association (ROSCA) platform built on the Polygon blockchain. The Platform facilitates:

  • Group Formation: Users join 5-member savings groups using USDT stablecoin.
  • Position Lottery: Payout order is determined randomly via on-chain lottery when a group fills.
  • Weekly Payouts: Each week, one member receives the pooled weekly contributions from all members.
  • Yield Generation: Idle funds are deposited into Aave V3 to earn interest, which is distributed to members.
  • Collateral Protection: Members deposit collateral upfront to guarantee their weekly payment obligations.

3.Eligibility

  • You must be at least 18 years old to use the Platform.
  • You must have a compatible Web3 wallet (e.g., MetaMask) with sufficient MATIC for gas fees and USDT for deposits.
  • You are solely responsible for ensuring that your use of the Platform complies with the laws and regulations of your jurisdiction.
  • The Platform is not available to residents of sanctioned countries or jurisdictions where cryptocurrency usage is prohibited.

4.User Responsibilities

  • Wallet Security: You are solely responsible for maintaining the security of your wallet, private keys, and seed phrases. The Platform cannot recover lost keys.
  • Timely Payments: Once assigned a position, you are expected to maintain sufficient USDT balance for automatic weekly payments. Non-payment results in collateral deduction.
  • Understanding Risks: You acknowledge that you have read and understood the Risk Disclosure before participating.

5.Collateral and Payments

  • All members deposit the maximum collateral amount when joining a group. Excess collateral is refunded based on your lottery position.
  • If you fail to make a weekly payment, the required amount is automatically deducted from your collateral.
  • If your collateral is insufficient to cover a missed payment, you may forfeit your remaining collateral as a penalty.
  • Collateral is held in the smart contract and cannot be withdrawn until your group obligations are fulfilled.

6.Platform Fees

SpinPigs charges a 20% fee on Aave V3 yield generated from pooled funds. There are no fees on your principal deposits or weekly payments. The remaining 80% of yield is distributed to group members based on their position. Gas fees (paid in MATIC) are separate and borne by each user for their own transactions.

7.Limitation of Liability

The Platform is provided "as is" without warranties of any kind. SpinPigs shall not be liable for:

  • Losses due to smart contract bugs or vulnerabilities
  • Losses due to Aave V3 protocol failures or changes
  • Losses due to Polygon network congestion, outages, or forks
  • Losses due to USDT de-pegging or stablecoin failures
  • Losses due to user error (wrong wallet, lost keys, insufficient gas)
  • Losses due to regulatory changes in your jurisdiction

8.Termination and Suspension

The Platform reserves the right to pause operations or restrict access in emergency situations (e.g., discovered vulnerabilities, protocol exploits). The owner can pause the smart contracts to protect user funds. You may leave a group before it activates and receive a full collateral refund. Once a group is active, you are committed to the full 4-week cycle.

9.Contact

If you have questions about these Terms of Service, please contact us at support@spinpigs.com.

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