Please read this before you lock. It explains how the product works and what you are agreeing to.
When you lock funds, you commit a fixed amount of USDT for a fixed term. In return you receive interest at a fixed annual rate (APR) that is set at the moment you lock and does not change for the life of the position. The interest is simple interest, not compounded.
A locked position cannot be closed early. There is no early withdrawal of principal, no partial unlock, and no way to unwind the position before its maturity date, under any circumstances. Only lock funds you are certain you will not need for the full term.
OGuard owes you this money. When you lock funds you are lending them to OGuard. Your position is an entry in our ledger recording what we owe you — your principal, and the interest on your schedule. Nobody else stands behind it.
Your funds are not passed to a third-party borrower. They are not placed in a fund. They are not staked, lent out on-chain, or put into any DeFi protocol. There is no separate pool of assets set aside to pay you, and nothing you can claim against if we do not pay. The interest is paid out of our own treasury.
We control the keys to the wallets your funds are held in. Your balance is not held separately in your name. It is not segregated regulated client money and it is not in a regulated custody account. It is pooled with other funds, including our own.
What you hold is a claim on OGuard. It is not a record of specific coins reserved for you.
If OGuard fails, or becomes insolvent, or simply does not have the money when your payout falls due, you would rank as an ordinary unsecured creditor. You would stand in line with everyone else we owe, behind anyone with a secured or preferred claim. You could recover part of your money. You could recover none of it.
Because there is no early exit, you cannot withdraw during the term if you become worried about us. Only lock an amount you could absorb losing in full.
Earn is not a bank deposit and not a savings account. It is a promise by us to pay you fixed amounts on fixed dates.
Interest is paid on a fixed schedule — monthly or quarterly depending on the plan. On each payout date the scheduled interest becomes claimable, and you claim it into your Funding balance. Interest is not credited automatically; it waits until you claim it. The exact dates and amounts for your position are shown on the position’s schedule before and after you lock.
Interest that has become claimable does not expire. There is no deadline by which you must claim it, and we do not forfeit it if you leave it unclaimed. Claim it whenever you like. Your principal does not expire either.
On the maturity date your principal is returned to your Funding balance automatically. The position is then marked as matured. Any interest you have not yet claimed remains claimable.
Every date on your position — each payout date and the maturity date — is shown in your device’s time zone. The zone is named beside the date, or in the column heading where the dates are listed in a table. A payout date with no zone on it is ambiguous by a day, so we always label it. Underneath, we record and settle every date in UTC. On a desktop browser, hovering a date in your schedule shows that exact UTC moment.
Any tax you owe on interest you earn is yours to work out, declare and pay. We do not withhold tax, we do not report on your behalf, and we do not issue tax statements. We give no tax advice. If you are unsure how this is treated where you live, take your own advice before you lock.
