1. Scope and Incorporation
These Program Supplemental Terms (“Program Terms”) govern participation in the Aave App Program waitlist (the "Program"). They supplement and are incorporated into the Aave App Terms and Conditions (the “Master Terms”). Capitalized terms not defined here have the meanings in the Master Terms. In the event of any inconsistency, these Program Terms control solely with respect to the Program.
2. Program Participation
The Program is a pre-launch waitlist for the Aave App.
Any savings rates, “boosts,” or APY figures displayed within the Program interface are illustrative simulations only, based on hypothetical market scenarios. They are not guarantees, promises, or offers of returns. Participation in the Program does not guarantee the launch of the product, any return or benefit, or any future eligibility to access or use the Aave App.
For the avoidance of doubt, no real interest, rewards, or DeFi yield is distributed or accrued during the Program. All yield data visible during the Program is non-binding, hypothetical simulation only.
3. Self-Custodial and Market-Based Structure
The Aave App is designed as a self-custodial interface, where users maintain control of their assets through personal wallets. If launched, any yields provided to users will be generated from DeFi market activity across various DeFi vaults and lending markets, not from any entity, including Aave Labs, or Aave Labs’ exercise of custody or pooled deposits. Aave Labs does not take custody or control of any user assets. If the Aave App is launched, all expected returns or yield calculations will derive from onchain vault and DeFi lending market activity, programmatically determined by smart contracts. These rates are variable and depend on market supply and demand conditions. Aave Labs does not guarantee or underwrite any yield.
4. Simulated Rates and APY Disclosure; No Investment Advice
a. Illustrative and Non-Binding Nature. Simulated rates represent Annual Percentage Yield (APY) projections generated under illustrative and hypothetical conditions. They are provided solely for educational and informational purposes to demonstrate potential functionality of the Aave App and are not offers, promises, guarantees, or binding representations of any kind. This information is merely informational and should not be viewed as an inducement to use the Aave App.
b. No Investment, Financial, or Other Advice. Nothing displayed, communicated, or made available through the Program, the Aave App interface, website, or any related materials shall be construed as business advice, investment advice, financial advice, trading advice, legal advice, or any form of recommendation to engage in any transaction or strategy. Users acknowledge and agree that:
- Aave Labs and its affiliates do not act as investment advisers, fiduciaries, or financial intermediaries;
- The content and simulated rates do not take into account individual objectives, financial situations, or needs;
- Any decision to use or later engage with DeFi protocols is made independently and at the participant’s sole risk.
c. No Reliance and Independent Judgment. Users must not rely on any simulated APY, yield projection, graph, marketing material, or in-app display as a basis for making investment or financial decisions. Each participant should conduct independent research and seek professional advice where appropriate.
d. Variable, Retractable, and Subject to Change. Aave Labs makes no commitment or obligation to maintain, publish, or honor any specific rate or return.
e. No Offer or Solicitation. Participation in the Program and all associated communications do not constitute an offer to sell, a solicitation to buy, or an invitation to engage in any financial product or service in any jurisdiction.
5. Boost Mechanics & Participation Caps
a. Boost Mechanics. During Program, users may view or simulate “Boost” conditions (for example, verifying identity, enabling Auto Saver, or referring friends). These Boosts are provided solely for demonstration and testing purposes and do not confer any right or entitlement to any benefits. The design, structure, rates, or criteria for any Boosts, if later implemented in the live Aave App, may differ materially from the simulated versions, including in name, amount, calculation method, or availability.
b. Third-Party and KYC-Linked Boosts. Certain Boosts—such as those relating to identity verification or KYC (Know Your Customer)—may depend on actions or verifications performed through third-party service providers or regulated entities, including licensed exchanges or other on-ramp partners (collectively, “Third Parties”). Where applicable, participation in such Boosts will be subject to the Third Party’s own terms, privacy policies, and regulatory requirements. Aave Labs does not perform regulated KYC, custody, or exchange services and does not guarantee the availability, timing, or outcome of any such verification process. Completing a KYC process with a Third Party does not create any direct relationship with Aave Labs, nor any right to receive yield, rewards, or continued access to the Program. Aave Labs is not responsible or liable for any determination, refusal, delay, or error by any Third Party and may amend or withdraw any related Boost at any time and in any manner it deems appropriate solely in its exclusive discretion.
c. Caps. A per-person cap and limited duration may be established from time to time for any Boosts at Aave Labs’ discretion, and any related parameters may be introduced, adjusted, or withdrawn as Aave Labs considers appropriate. For the avoidance of doubt, any eligibility for, or receipt of, a simulated or live Boost, promotional rate, or related benefit remains subject at all times to Section 7 (Fraud, Abuse, Integrity, and Compliance). Aave Labs retains full discretion to suspend, withhold, or revoke any such benefit in any manner it deems appropriate, including where it suspects inauthentic activity, circumvention, or behavior inconsistent with the integrity of the Program. For the avoidance of doubt, any eligibility for, or receipt of, a simulated or live Boost, promotional rate, or related benefit remains subject at all times to Section 7 (Fraud, Abuse, Integrity, and Compliance). Aave Labs retains full discretion to suspend, withhold, or revoke any such benefit in any manner it deems appropriate, including where it suspects inauthentic activity, circumvention, or behavior inconsistent with the integrity of the Program.
c. Jurisdictional Limitations. Availability of certain Boosts may vary by jurisdiction, regulatory classification, or user status. Aave Labs reserves the right, at its sole and absolute discretion and in any manner it deems appropriate, to restrict, modify, suspend, or remove any Boost or related feature based on geographic location, legal requirements, or third-party dependencies.
6. No Obligation to Launch
Aave Labs and its affiliates are under no obligation to launch the Aave App, offer any product or service, or make available any of the simulated features or rates shown during the Program.
7. Fraud, Abuse, Integrity and Compliance
a. Right to Investigate, Enforce, and Act. Aave Labs reserves the absolute and unrestricted right, at any time and in any manner it deems appropriate, to monitor, review, investigate, suspend, limit, restrict, or permanently revoke any participant’s access to, or participation in, the Program. Such action may be taken for any reason whatsoever, whenever Aave Labs suspects, believes, or determines, in its sole and final discretion, that conduct may compromise the security, fairness, integrity, or intended operation of the Program, the Aave App, or any associated systems or networks, or violate legal obligations or prohibitions, or any conduct prohibited under these Terms, abusive or manipulative. Aave Labs may rely on any data, patterns, or indicators available to it, including algorithmic, technical, or third-party signals, without the need to validate them externally.
b. Prohibited Conduct and Illustrative Examples. Without limiting the generality of the foregoing, the following conduct (and any substantially similar behavior) shall be considered prohibited, abusive, or manipulative:
- Automated, scripted, or mass-scale account creation, “bot farming,” or use of software agents, macros, or coordinated participation systems;
- “Sybil” activity or any attempt to create or control multiple accounts, wallets, or identities to obtain unfair or duplicated benefits;
- Misrepresentation, falsification, or obfuscation of identity or location, including but not limited to falsified KYC submissions, disposable emails, VPN masking, proxy routing, or other anonymity services used to manipulate eligibility or jurisdictional criteria;
- Coordinated or collusive referral loops, referral gaming, or circular reward structures;
- Reverse engineering, scraping, data extraction, or interference with any interface, API, vault, or smart-contract logic connected with the Program;
- Exploiting software bugs, configuration errors, or any unintended functionality of the App or related systems;
- Engaging in any activity that Aave Labs reasonably believes or in any way deems detrimental to the integrity, reputation, or legitimate interests of the Program;
- Participation from jurisdictions or by persons subject to sanctions or trade restrictions, or conduct that may violate anti-money-laundering (AML), counter-terrorism financing (CTF), or similar laws and regulations;
- Any other action or omission that, in Aave Labs’ sole judgment, undermines the good-faith operation, security, or perception of the Program or the Aave ecosystem.
c. Discretion and Finality of Determinations. All determinations by Aave Labs regarding eligibility, participation, and compliance—including whether specific behavior constitutes fraud, abuse, or manipulation—shall be final, binding, and made in Aave Labs’ exclusive discretion. Aave Labs may exercise these rights selectively, inconsistently, or differently across users, and no such variation shall create any obligation to act similarly in other cases.
d. Action Without Notice or Explanation. Aave Labs may take any action described herein immediately and without prior notice, explanation, or justification, and is under no obligation to disclose the reasoning, evidence, or methods underlying any decision. Users acknowledge and agree that Aave Labs’ user access decisions and moderation processes may involve proprietary monitoring tools and methodologies that are confidential.
e. Remedies. If Aave Labs determines, or suspects in its discretion, that a participant has engaged in or benefited from any prohibited or abusive activity or that conduct may compromise the security, fairness, integrity, or intended operation of the Program, or violate legal obligations or prohibitions, or any conduct prohibited under these Terms, abusive or manipulative, it may, without limitation and in any combination it deems appropriate:
- Suspend, restrict, or permanently revoke participation in the Program;
- Void or nullify any simulated, accrued, or potential yield, Boost, or promotional benefit;
- Forfeit eligibility for any future Aave App reward, referral, or promotional offer;
- Block wallet addresses, identities, or accounts from future participation in any Aave Labs-affiliated program;
- Reset, modify, or delete any related user data associated with the suspected activity;
- Disqualify referrals or connected users; and
- Disclose or report the activity to law enforcement, regulators, or other third parties when legally required or when Aave Labs, in its discretion, considers it appropriate.
f. Non-Exclusive Rights and No Waiver. The rights and remedies described in this Section 7 are cumulative, continuing, and non-exclusive of any other rights available to Aave Labs under the Master Terms, applicable law, or equity. A failure or delay to act in any instance does not constitute a waiver of Aave Labs’ rights in any other circumstance.
8. Taxes and Responsibility
Users are solely responsible for any potential tax implications or payment obligations arising from any rewards or yields received by Participant from their use of the App or Program Nothing in these Program Terms constitutes tax advice.
9. Modifications and Termination
Aave Labs may modify, suspend, or terminate the Program or these Program Terms at any time without prior notice.
10. Governing Law and Disputes
These Program Terms are governed by the same governing law, arbitration, and dispute provisions as set out in the Master Terms.