# Overview

Your Gateway to Financial Sovereignty

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FyIw3a1ANg4rYPCcxb4qY%2FAnodos.png?alt=media&amp;token=c0b5b09d-cb13-4015-820c-8c69f1b520c0" alt=""><figcaption></figcaption></figure>

<mark style="color:$primary;">Anodos Labs is a fintech company building next-gen financial solutions powered by blockchain technology. We are transforming the way people manage, earn, and spend money, through a suite of software that is simple and safe. Our mission is to make finance easier and empowering for everyone. We are providing the tools for individuals and businesses to be their own bank and take control of their finances.</mark>

<mark style="color:$primary;">Basically, it’s banking, transformed, without banks or unecessary middlemen. To do that, we use a technology called “blockchain”, an open, global, efficient network, which allows you to keep control of everything related to your data, money, and all types of financial assets. Without having to ask for permission or wait around.</mark>

<mark style="color:$primary;">We are making finance simple to use. Nothing complicated, no nonsense, an easy to use app that lets you send money, save, and invest. All in one place and as simply as ordering a pizza. Maybe, even easier.</mark>&#x20;

## <mark style="color:$primary;">What do we offer?</mark>

<table data-card-size="large" data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-cover data-type="files"></th></tr></thead><tbody><tr><td><strong>Financial Empowerment: You are the boss.</strong></td><td><mark style="color:$primary;">Instead of relying on a bank, you hold your own money securely, like keeping cash in your wallet or purse, but digitally, and way safer.</mark></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F57EnoaifXY6fIRyBLpLM%2FFinancial%20Empowerment_.png?alt=media&amp;token=60e8faad-c039-4b59-b327-6f9fd408394d">Financial Empowerment_.png</a></td></tr><tr><td><strong>Efficiency: Fast &#x26; cheap.</strong></td><td><mark style="color:$primary;">Sending money to family or paying bills happens in seconds and costs almost nothing, no more waiting days, one more fee calculation.</mark></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FY9Xi9FaUMogCE85LsGCl%2FFast%20and%20cheap.png?alt=media&amp;token=b93b0715-9be4-41b1-b61b-9f2b692816cd">Fast and cheap.png</a></td></tr><tr><td><strong>Simplicity: No confusing interface.</strong></td><td><mark style="color:$primary;">We made it simple, with clear buttons and no fine print.</mark></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F0IsD247UI4aEpl3GGf6I%2FSimplicity.png?alt=media&amp;token=fb66e239-e8a9-48f4-a59d-cb10927b63dc">Simplicity.png</a></td></tr><tr><td><strong>Security: Extra protection.</strong> </td><td><mark style="color:$primary;">Your money isn’t stored in one place, we do not hold custody of your funds, it’s decentralized, spread across a secure, global network that is censorship-resistant and can't be corrupted.</mark></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FiHDIFRLjkC42ujDWX7K2%2FSecurity.png?alt=media&amp;token=01d998aa-8f63-4abf-805e-91b110d19b96">Security.png</a></td></tr></tbody></table>

<mark style="color:$primary;">Think of us as an online store of value, making sure that your money is secure and permissionless. Again, no bank telling you what to do, or how much you can spend per day. We are always looking for new ways to make finance work better for you. Like adding features to simplify investing, saving, and spending.</mark>

<mark style="color:$primary;">**This is Anodos. We want you to be your own bank, financially free, financially secure.**</mark>


# Problem Statement

<mark style="color:$primary;">What problems is Anodos solving?</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FADHX6vzdQxsbcMSWLaU0%2FAnodos.png?alt=media&amp;token=22ef16f1-f3f4-4609-89b3-2a5a3cebfb5a" alt=""><figcaption></figcaption></figure>

## 👋 Welcome to the Future with Anodos

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">At</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Anodos**</mark><mark style="color:$primary;">, we believe blockchain technology is the greatest invention since the internet — enabling anyone to be their</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**own bank**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">and the</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**owner of their financial destiny**</mark><mark style="color:$primary;">.</mark>

{% hint style="info" %} <mark style="color:$primary;">Everyone can have full control over their</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**money and data**</mark><mark style="color:$primary;">, with 24/7 access to financial services — no banks, no middlemen, and</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**no restrictions**</mark><mark style="color:$primary;">.</mark>
{% endhint %}

<mark style="color:$primary;">Blockchain is a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**democratizing force**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">— a protocol for</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**decentralized trust**</mark><mark style="color:$primary;">. We champion:</mark>

* <mark style="color:$primary;">🛠️ Innovation</mark>
* <mark style="color:$primary;">🔐 Privacy</mark>
* <mark style="color:$primary;">🌍 Decentralization</mark>
* <mark style="color:$primary;">🧭 Financial Sovereignty</mark>
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$primary;">At Anodos, we believe blockchain technology is the greatest invention since the internet, allowing us to be our own bank and the owners of our fate for the first time. Everyone can have complete control of their money and data, and access to financial services, 24/7, without banks or intermediaries, free from restrictions, censorship, or discrimination. Blockchain is the ultimate democratizing force, a protocol for decentralized trust that we champion through our commitment to innovation, decentralization, privacy, and financial sovereignty for every individual.</mark>
{% endtab %}
{% endtabs %}

***

## 🌐 Web1 → Web2 → Web3: The Internet Evolves

{% tabs %}
{% tab title="In a nutshell" %}

* **Web1** (1990s): Connecting computers, reading information.
* **Web2** (2000s): Social media, interaction, and user-generated content — but **centralized** (Google, Facebook, etc.).

{% hint style="warning" %} <mark style="color:$warning;">These platforms control your</mark> <mark style="color:$warning;"></mark><mark style="color:$warning;">**data**</mark> <mark style="color:$warning;"></mark><mark style="color:$warning;">and the</mark> <mark style="color:$warning;"></mark><mark style="color:$warning;">**internet experience**</mark><mark style="color:$warning;">.</mark>
{% endhint %}

* <mark style="color:$primary;">**Web3**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">(Now): Powered by</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**blockchain**</mark><mark style="color:$primary;">, Web3 is:</mark>
  * <mark style="color:$primary;">Decentralized</mark>
  * <mark style="color:$primary;">Transparent</mark>
  * <mark style="color:$primary;">Censorship-resistant</mark>

> <mark style="color:$primary;">With Web3, you:</mark>&#x20;
>
> * <mark style="color:$primary;">Control your own data</mark>
> * <mark style="color:$primary;">Use decentralized storage</mark>
> * <mark style="color:$primary;">Manage finances through crypto wallets</mark>
>   {% endtab %}

{% tab title="Extensive" %} <mark style="color:$primary;">The internet has changed a lot over the years. At first (1990s), it was just about connecting computers so people could communicate and read information. This was Web1. Then (2000s) the internet evolved so we could also interact with each other and create content through social media platforms. This was Web2. The whole internet is now built on top of centralized entities like Google, Facebook, Microsoft, where they control your data and the servers. So they have control of the internet and what you do on it. But now, there’s something new called Web3, the next step for the internet.</mark>

<mark style="color:$primary;">Web3 runs on blockchain technology, which is a super-secure way to store and verify data across a network of computers all over the world. Because of this, there are powerful new features and concepts such as decentralized storage and crypto wallets. These allow you to essentially be your own Google and have full control of your data. This means, you decide what you will do with that data, who you will share it with, or where to store it.</mark>&#x20;
{% endtab %}
{% endtabs %}

***

## 💸 DeFi – The Killer App of Web3

{% tabs %}
{% tab title="In a nutshell" %}
**Decentralized Finance (DeFi)** lets you:

* Save, borrow, lend, or trade
* All without banks or intermediaries

{% hint style="info" %}
You’re in full control. No one else decides what you can or can’t do with your money.
{% endhint %}

But here’s the catch:

{% hint style="warning" %} <mark style="color:$warning;">Traditional money is only</mark> <mark style="color:$warning;"></mark><mark style="color:$warning;">**digitally displayed**</mark><mark style="color:$warning;">, not digitally native - it still runs on</mark> <mark style="color:$warning;"></mark><mark style="color:$warning;">**outdated, broken rails**</mark><mark style="color:$warning;">.</mark>
{% endhint %}
{% endtab %}

{% tab title="Extensive" %}
The most popular use case of Web3 is **decentralized finance (DeFi)**, where you can handle your money individually, like saving, borrowing, or trading, right on the blockchain. The biggest benefit, there are no banks or middlemen interfering with your financial decision making, it’s up to you, as you choose.&#x20;

The problem with the banking system today is that money may look digital on the surface, but in the background, the global financial system still relies on decades-old banking rails which are inefficient and broken.&#x20;
{% endtab %}
{% endtabs %}

***

## 🔁 Onchain Finance: A Better Way

{% tabs %}
{% tab title="In a nutshell" %}
At **Anodos**, we’re building an **open, internet-native financial system**. We’re here to:

* Make **onchain finance** accessible to everyone
* Use **crypto and blockchain** to empower everyday people

{% hint style="info" %}
Yes, crypto can seem confusing - chains, wallets, gas fees - but with **Anodos**, you don’t need to understand it all.
{% endhint %}

We make it simple.
{% endtab %}

{% tab title="Extensive" %} <mark style="color:$info;">At Anodos, we want to change that with decentralized finance, also known as onchain finance, an internet-based, open, fair, financial system for all. We want to bring decentralized finance to the everyday person. And we are using blockchain and crypto to do that.</mark>&#x20;

<mark style="color:$info;">Crypto can feel super confusing at first, like trying to navigate a huge landscape without a map. There are so many new words to understand like "chains," "wallets," "private keys," "bridging," and "gas fees." It’s easy to get lost in the language if you are new to it. But not to worry, with Anodos you don’t have to worry about all these complicated terms.</mark>

<mark style="color:$info;">You shouldn’t have to stress about the confusing tech. That is for us to deal with, for you, it should just work. Just simple, fast and secure, without realizing that Anodos is doing the heavy lifting behind the scenes!</mark> &#x20;
{% endtab %}
{% endtabs %}

***

## 🛠️ How Anodos Makes Crypto Easy

{% tabs %}
{% tab title="In a nutshell" %}
📱 1. Easy-to-Use Apps

Apps that make sense:

* Clean design
* Intuitive UX
* No tech jargon

{% hint style="info" %}
Just **tap, swipe, or click** like your favorite social media app.
{% endhint %}

***

#### 🚀 2. No-Stress Start

We make your first blockchain experience:

* Fun
* Fast
* Confusion-free

***

#### 🤝 3. Teamwork Makes the Chain Work

We collaborate with:

* Developers
* Creators
* Communities
* Clients & professionals

{% hint style="info" %}
&#x20;It’s a collective mission — everyone builds the **future of finance** together.
{% endhint %}

***

#### 🌍 4. Bringing Blockchain to Everyone

We have the **skills**, **tools**, and **connections** to:

* Make crypto feel **normal**
* Build tools that work like ApplePay or cash

{% hint style="success" %}
&#x20;<mark style="color:$success;">We’re not waiting for the future —</mark> <mark style="color:$success;"></mark><mark style="color:$success;">**we’re building it now**</mark><mark style="color:$success;">.</mark>
{% endhint %}
{% endtab %}

{% tab title="Extensive" %} <mark style="color:$info;">Anodos serves as a bridge that makes the transition into Web3 and onchain finance simple and straightforward. Here’s how:</mark>

**Easy-to-Use Apps:** <mark style="color:$info;">We build software that actually makes sense, no confusing interfaces or weird tech language. We keep it super simple, so you don’t get overwhelmed. Think of finance like your favorite game or social media, easy to use, just tap, swipe, or click</mark>.

**No-Stress Start:** <mark style="color:$info;">We make jumping into blockchain actually easy, not just "technically possible" but fun and simple. Our tools cut out the confusion so your first crypto moves feel like a breeze.</mark>&#x20;

**Teamwork:** <mark style="color:$info;">This is not a solo project, we have teamed up with the smartest builders and creators to develop intuitive and revolutionary apps that work for everyone. Together, we’re breaking through limits and investing in the future of finance on the internet. This is like a group project where everyone from clients, to community, to developers, to business professionals are all pulling their weight to make Anodos shine.</mark>

**Bringing Crypto to Everyone:** <mark style="color:$info;">Anodos has the skills, tools, and connections to make blockchain as normal as using your favorite app. We’re not just talking about the future of money, we’re building it. Soon using blockchain will be as simple as ApplePay or cash.</mark>
{% endtab %}
{% endtabs %}

{% hint style="info" %}
We believe in a future where everyone can benefit from blockchain technology without needing to understand the underlying mechanics. With Anodos, that future is now.
{% endhint %}


# What Sets Us Apart

At **Anodos**, we’re on a mission to enable **universal access to financial services** - for both **consumers** and **businesses**.

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FikGZJeSegnUM00uCe3mV%2Fanodos%20logo.png?alt=media&amp;token=6c80ecaf-96bf-4066-97be-0db1f0177cdc" alt=""><figcaption></figcaption></figure>

{% hint style="success" %} <mark style="color:$success;">We are the</mark> <mark style="color:$success;"></mark><mark style="color:$success;">**bridge**</mark> <mark style="color:$success;"></mark><mark style="color:$success;">to the</mark> <mark style="color:$success;"></mark><mark style="color:$success;">**new onchain financial system**</mark> <mark style="color:$success;"></mark><mark style="color:$success;">— redefining how people interact with their</mark> <mark style="color:$success;"></mark><mark style="color:$success;">**money and assets**</mark><mark style="color:$success;">.</mark>
{% endhint %}

***

## 🎯 Our Vision & Mission

<mark style="color:$primary;">We see ourselves as a unique contributor to the financial technology industry. Our endgame is to redefine how our users interact with their money and assets by being the bridge to the new onchain financial system.</mark>&#x20;

<mark style="color:$primary;">We are driven by a mission to make the new blockchain-powered financial system as easy as using the internet.</mark>&#x20;

***

## 👥 Who We Are

Our core team combines diverse expertise from:

* 💻 Software engineers
* 💹 Financial professionals
* 📣 Marketers & communicators
* 🔍 Interdisciplinary innovators
* And other interdisciplinary fields that fuel our innovation and tailor our insight towards solutions that matter to our users.

{% hint style="info" %}
We build experiences focused on cutting edge, user-friendly financial applications putting you in the driver’s seat of this powerful financial technology.&#x20;
{% endhint %}

***

## 💼 What We Do

<mark style="color:$primary;">We’re not just building apps - we’re building</mark> **experiences**:

* Simple, intuitive, **user-first** interfaces
* Next-gen tools that **put you in control**
* Onchain finance that **feels familiar**, not foreign

{% hint style="success" %} <mark style="color:$success;">We design tools that</mark> <mark style="color:$success;"></mark><mark style="color:$success;">**empower**</mark><mark style="color:$success;">, not overwhelm.</mark>
{% endhint %}

We aim to lead the Web3 transformation by:

* 🛠️ Building the apps of tomorrow
* 🤝 Partnering with visionary teams
* 💸 Funding bold and innovative ideas
* 📢 Contributing to the **growth of the ecosystem**

We go beyond just shipping code:

* 🧑‍🏫 Educational resources
* 🧭 User guidance
* 📣 Open discussions & feedback loops

<mark style="color:$primary;">Our dedication to our users goes beyond code. We provide exceptional support, fostering a community where learning, feedback, and open discussions thrive.</mark>&#x20;

{% hint style="success" %} <mark style="color:$success;">We are here to guide you through your crypto and Web3 journey, ensuring you are never alone in this new digital frontier.</mark>
{% endhint %}

***

## ❤️ Our Commitment

We’re **more than a fintech company** - we’re your **long-term allies** in discovering and using the **best personal financial tools**.

✅ Your success is our goal.\
✅ Your understanding is our priority.\
✅ Your empowerment is our mission.


# Anodos Wallet

The Anodos Wallet is our embedded wallet solution, designed to be the foundational onboarding experience for the entire Anodos ecosystem, including [**ANODEX**](https://dex.anodos.finance/) and the [**Anodos Neobank**](https://anodos.finance/app). We have eliminated traditional Web3 friction and complexity by replacing it with the familiar simplicity of a standard sign-up or sign-in experience.

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F1RHseudGTF9MkUxbGTnx%2Fimage.png?alt=media&amp;token=d247ab3a-d3f9-4982-8aa4-756bf17e3c07" alt=""><figcaption></figcaption></figure>

In partnership with [**Palisade**](https://palisade.co/) **(recently acquired by** [**Ripple**](https://ripple.com/)**)**, we have integrated state-of-the-art security. Users can now create a **self-custodial account in seconds,** instead of minutes to hours, secured by the device biometrics via **Passkeys**, achieving true financial autonomy without the complexity.

The Anodos Wallet ensures that **full possession and control** of all assets remain entirely with the account holder. By leveraging **Passkeys and device biometrics (fingerprint/facial recognition)**, we eliminate traditional password risks like phishing and unauthorized access, setting a new industry standard for simple, user-friendly onchain access.

## **Step-by-step Tutorial:**

{% embed url="<https://www.youtube.com/watch?v=pKcYlgXze0g>" %}

## User Guide & FAQ

This guide explains how your wallet works, how to stay safe, and what to do if you lose access to your devices.

***

#### **1. How safe is my wallet?**

Your wallet is secure:

* You control your wallet — we never have access to your private keys.
* Anodos Wallet uses MPC (Multi-Party Computation) to approve transactions without ever exposing your full key. Your shards are secured using your passkey.
* There's no seed phrase to write down or risk losing.

**Tip:** Treat your devices like your wallet — don't share them with others.

***

#### **2. How does the wallet work?**

When you create an account, all cryptographic operations happen in Palisade's secure MPC environment, ensuring that your wallet private key never exists in full form.

Your Passkey serves as the secure authentication and authorization method to access the account and approve transactions.

This combination keeps your account secure while letting you safely interact with it without exposing your private key.

***

#### **3. What happens if I lose my passkey or device?**

Currently, if your only registered Passkey is lost, you will not be able to access your account.

* Anodos Wallet is self-custodial, meaning only you control your wallet.
* We do not have the ability to recover wallets for users.

**Solution:**\
We highly recommend using an authentication manager such as **1Password** to store, protect and back up your passkey. Alternatively, use a password manager that is synchronised with a cloud service, such as **iCloud** or **Google Password Manager**, so your passkey is backed up if your device is lost or stolen.

***

#### **4. How can I recover my account if I lose my device?**

Recovery is only possible if you've backed up your Passkey:

* **Example:** Create your Passkey on a device using an authentication manager that is backed up to a cloud service.
* If your device is lost or stolen, you can still access your authentication manager to restore your protected passkeys.
* Without backing up your Passkey, account recovery is not possible.

***

#### **5. Best practices to keep your account safe**

* Create your Passkey on a device using an authentication manager that is backed up to a cloud service.
* Protect your authentication manager with strong passwords, PINs, or biometrics.
* Don't share your devices with anyone else.

***

#### **6. Can I use my email, Google, or iCloud account as backup?**

Currently, we only supports Passkeys.

We are exploring ways to allow optional recovery through email.\
If added, this could provide a recovery path if a device is lost.

**Tradeoff:** Using third-party recovery reduces full self-custody, but improves safety for non-technical users.

***

#### **7. Future recovery options**

We are considering:

* Trusted account recovery (Google/iCloud/email)
* Use a second passkey as a recovery passkey

All options will maintain security while making recovery possible for lost devices.

***

#### **8. Frequently Asked Questions (FAQ)**

**Q:** Can someone steal my account if they steal my phone?\
**A:** No. Your account is protected by your device's security (such as your passcode, Face ID, or fingerprint). Without that authentication, no one can access your account on ANODEX or approve transactions, even if they have your phone.

**Q:** Is this safer than a seed phrase account / wallet?\
**A:** Yes. There is no single secret to lose or steal, and MPC protects your keys during transactions. Unlike seed phrases, passkeys cannot be exported and are secured by the device's secure enclave.

**Q:** Do I need an internet connection to use my wallet?\
**A:** Yes. Transaction approval requires secure communication between key shares.

**Q:** What happens if Palisade's servers go down?\
**A:** Your funds are safe. Transactions may be temporarily unavailable, but your account remains secure.

***

#### **10. How do the different passkey setup options compare?**

Below is a comparison of the main ways to set up a passkey — natively in your **browser**, **device/phone**, or through **cloud-synced services** such as **iCloud** or **Google**. Each option has its pros and cons depending on your priorities (security, portability, or simplicity).

**Cloud-synced services** (e.g. iCloud Keychain, Google Password Manager, 1Password, Dashlane)

The passkey is stored securely in a cloud account and synced across devices signed into that account.

| Pros                                                                                                                                    | Cons                                                                                                                                                                   | Best For                                                                     |
| --------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------- |
| <ul><li>Accessible across all devices you own.</li><li>Easy recovery if a device is lost.</li><li>Ideal for multi-device use.</li></ul> | <ul><li>Relies on a third-party cloud service.</li><li>Must keep that account secure (strong password + 2FA).</li><li>May require setup of the sync feature.</li></ul> | Users with multiple devices who want convenience, recovery, and flexibility. |

**Device-native** \*\*(e.g. iPhone, Android, macOS, Windows)

The passkey is managed by your device’s operating system (e.g. Apple Keychain, Android Credential Manager). Unlocking typically uses biometrics (Face ID, fingerprint) or device PIN.

| Pros                                                                                                                             | Cons                                                                                                                                                                                  | Best For                                                                           |
| -------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------- |
| <ul><li>Strong integration with device-level security.</li><li>Supports biometric unlock.</li><li>Simple everyday use.</li></ul> | <ul><li>Passkey recovery can be difficult if the device is lost or reset.</li><li>May require cloud backup to sync across devices.</li><li>Works best on newer OS versions.</li></ul> | Users who primarily use one trusted device and want strong, device-level security. |

**Browser-native** (e.g. Chrome, Edge, Brave)

The passkey is generated and stored directly within the browser’s credential store. When you sign in, the browser offers the passkey automatically.

| Pros                                                                                                                        | Cons                                                                                                                                                                                       | Best For                                                               |
| --------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------------------- |
| <ul><li>Simple and quick to set up.</li><li>Works seamlessly within that browser.</li><li>No extra apps required.</li></ul> | <ul><li>Tied to that browser and device — not automatically portable.</li><li>Limited recovery if device/browser data is lost.</li><li>Requires manual transfer to a new device.</li></ul> | Users who mainly use one browser on one device and want minimal setup. |

**Our Recommendation**

Choose **cloud-synced** storage (e.g. iCloud Keychain or a recommended Password Manager such as 1Password).

> ⚠️
>
> **Important:** If your only registered passkey is lost and you don’t have a backup, you will not be able to access your wallet.\
> See: [What happens if I lose my passkey or device?](https://developers.palisade.co/page/palisade-identity-user-guide-faq#3-what-happens-if-i-lose-my-passkey-or-device)

**Additional Tips**

* Enable **biometric or PIN unlock** on your device to protect your passkey.
* If using **cloud-sync**, secure your cloud account with **strong passwords** and **two-factor authentication (2FA)**.
* Periodically test your **backup or recovery method** to ensure it works if you ever lose access.

***

#### **11. FIDO Alliance and Passkey Device Support**

The **FIDO Alliance** is an industry association focused on creating and promoting open standards for phishing-resistant authentication, aiming to reduce the world's reliance on passwords. Their solutions, such as passkeys, leverage public key cryptography to provide a more secure, scalable, and user-friendly sign-in experience.

Passkey support is widely available across major operating systems, including Android, Chrome OS, iOS/iPad OS, macOS, Ubuntu, and Windows. These operating systems offer basic capabilities such as synced passkeys, browser autofill, passkey upgrades, and cross-device authentication. Advanced capabilities like device-bound passkeys, client hints, and related origin requests are also supported. Additionally, there is growing support for third-party passkey providers and native app invocation methods.

For more information, you can visit:

* [FIDO Alliance](https://fidoalliance.org/)
* [Passkey Device Support](https://passkeys.dev/device-support/)

**Disclaimer:** Not all devices or operating systems offer the same level of support for passkeys. For the most up-to-date information, refer to the Passkey Device Support website. While we recommend using authentication managers (such as password managers) for storing and backing up your passkeys, these solutions rely on third-party software. Anodos Labs and Palisade are not responsible for issues that may arise within their software.

***

#### **12. Summary: Key Takeaways**

* Your account is **self-custodial** — only you control it.
* **Authentication managers with cloud sync** are recommended to protect against device loss.
* Follow best practices for device and credential security.
* Although widely supported, passkeys rely on browsers, operating systems, and authentication managers maintaining the latest standards.

{% hint style="info" %} <mark style="color:$info;">👉 Follow us on</mark> [<mark style="color:blue;">X(Twitter)</mark>](https://x.com/AnodosFinance) <mark style="color:$info;">and join our</mark> [<mark style="color:blue;">Discord Community</mark>](https://discord.com/invite/CVUkhxCHvZ) <mark style="color:$info;">so you don't miss updates.</mark>
{% endhint %}

{% hint style="success" %}
👉 Start using ANODEX now: [<mark style="color:$success;">https://dex.anodos.finance</mark>](https://dex.anodos.finance/)
{% endhint %}


# ANODEX

The easiest way to trade digital assets and manage your liquidity on the XRP Ledger.

{% embed url="<https://www.youtube.com/watch?v=p5teWnz3dmQ>" %}

[<mark style="color:blue;">ANODEX</mark>](https://dex.anodos.finance/) <mark style="color:$info;">is the gateway to all things DeFi in the XRPL ecosystem. Our users can create an account, deposit or cash out, trade assets, manage their liquidity and portfolio, all in one place. Developed on top of the XRPL’s built-in decentralized exchange, with our user interface, you can easily enter XRPFi.</mark>

ANODEX allows you to:

* Create an account <mark style="color:$info;">in seconds or connect with existing wallets</mark>.
* Swap anything to anything.
* Utilize on/off ramps <mark style="color:$info;">to seamlessly exchange your fiat money for digital assets or cash out to your local currency.</mark>
* Create AMM pools <mark style="color:$info;">and provide liquidity to the automated market maker to earn yield.</mark>
* Keep track of your assets <mark style="color:$info;">and investments at the push of a button.</mark>

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-cover data-type="image"></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><h4>How to use Exchange</h4></td><td><mark style="color:$info;">Step by step guide how to seamlessly exchange your  assets or cash out to your local currency</mark></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FujmWyC63wUctC6Iyd0ZC%2FSwap.png?alt=media&amp;token=3013bc3b-fe46-4006-83b1-278143b88a04">Swap.png</a></td><td><a href="https://docs.anodos.finance/~/revisions/6m5g3Nudjbj8Z2qmf3o0/products/anodex/how-to-use-swap">https://docs.anodos.finance/~/revisions/6m5g3Nudjbj8Z2qmf3o0/products/anodex/how-to-use-swap</a></td></tr><tr><td><h4>How to use Liquidity</h4></td><td><mark style="color:$info;">Step by step guide how to create AMM pools and provide liquidity to the automated market maker to earn yield</mark></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FO8trQT6nl7vd2dxkzYk2%2FLiquidity.png?alt=media&amp;token=5d973153-12ff-4ecc-b6f6-b813ed2d0ea7">Liquidity.png</a></td><td><a href="https://docs.anodos.finance/~/revisions/6m5g3Nudjbj8Z2qmf3o0/products/anodex/how-to-use-liquidity">https://docs.anodos.finance/~/revisions/6m5g3Nudjbj8Z2qmf3o0/products/anodex/how-to-use-liquidity</a></td></tr><tr><td><h4>How to use Portfolio</h4></td><td><mark style="color:$info;">Step by step guide how to keep track of your assets and investments</mark></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F2YXk9GsTHJZSxTAo309U%2FPortfolio.png?alt=media&amp;token=06cd8947-a7cc-4e2c-9ff6-3f0a98b22a5c">Portfolio.png</a></td><td><a href="https://docs.anodos.finance/~/revisions/hGtiBGp7j5H6rDozKfZa/products/anodex/how-to-use-portfolio">https://docs.anodos.finance/~/revisions/hGtiBGp7j5H6rDozKfZa/products/anodex/how-to-use-portfolio</a></td></tr></tbody></table>

<mark style="color:$info;">Whether you are new to crypto or an experienced user, ANODEX simplifies every aspect of decentralized finance, making it as easy as ordering food.</mark>

{% hint style="success" %}
👉 Start using ANODEX now: [<mark style="color:$success;">https://dex.anodos.finance</mark>](https://dex.anodos.finance/)
{% endhint %}


# How to use Exchange

A step-by-step guide to use ANODEX and access XRPL's DEX.

{% embed url="<https://www.youtube.com/watch?v=zs5XadW7ZRY>" %}

{% hint style="success" %}
👉 Start using ANODEX now: [<mark style="color:$success;">https://dex.anodos.finance</mark>](https://dex.anodos.finance/)
{% endhint %}


# How to use Liquidity

How to add/remove liquidity on the AMM via ANODEX

{% embed url="<https://www.youtube.com/watch?v=c9Cuk1lAC5k>" %}

{% hint style="success" %}
👉 Start using ANODEX now: [<mark style="color:$success;">https://dex.anodos.finance</mark>](https://dex.anodos.finance/)
{% endhint %}


# How to use Portfolio

{% embed url="<https://www.youtube.com/watch?v=daqd_3tCaDE>" %}

{% hint style="success" %}
👉 Start using ANODEX now: [<mark style="color:$success;">https://dex.anodos.finance</mark>](https://dex.anodos.finance/)
{% endhint %}


# Anodos Neobank

A global financial super app for borderless banking.

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FwUZaBMWEZ7SyJSgRP77R%2FAnoPay.png?alt=media&amp;token=09662b7c-67be-420f-9bfe-4712f4ed4fb3" alt=""><figcaption></figcaption></figure>

{% hint style="info" %} <mark style="color:$info;">👉 Follow us on</mark> [<mark style="color:blue;">X(Twitter)</mark>](https://x.com/AnodosFinance) <mark style="color:$info;">and join our</mark> [<mark style="color:blue;">Discord Community</mark>](https://discord.com/invite/CVUkhxCHvZ) <mark style="color:$info;">so you don't miss the product release.</mark>
{% endhint %}


# Introduction

<mark style="color:$primary;">This section is designed for those who want to understand the basics of digital assets, blockchain, and decentralized technologies. We have compiled key topics to help you navigate the world of Web3 and the</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">XRP Ledger ecosystem with confidence.</mark>

<table data-view="cards"><thead><tr><th></th><th data-hidden data-card-cover data-type="image"></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td>Meaning of words that will be used in the text</td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2Fib1uoY6wnFI7EknMJF4v%2FGlossary.png?alt=media&amp;token=81b7fb6a-0760-4fbf-a608-4d2c83aaa4c3">Glossary.png</a></td><td><a href="https://docs.anodos.finance/~/revisions/Q7gLlAGKmxW73EHppgnQ/education/glossary">https://docs.anodos.finance/~/revisions/Q7gLlAGKmxW73EHppgnQ/education/glossary</a></td></tr><tr><td>Learn more about the evolution of money</td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F8BzeUcGuxol34A5xe4J5%2FWhat%20is%20money%202.png?alt=media&amp;token=b4ed97f7-099b-45e5-b633-2527268fca51">What is money 2.png</a></td><td><a href="https://docs.anodos.finance/~/revisions/luVsYgcQ0EGyEKI8i1Df/education/what-is-money">https://docs.anodos.finance/~/revisions/luVsYgcQ0EGyEKI8i1Df/education/what-is-money</a></td></tr><tr><td>Learn more about blockchain and how it works</td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F3SM36PGAmUFGLaI9DBVw%2FWhat%20is%20Blockchain.png?alt=media&amp;token=8ba97f84-e765-4c3e-8ae0-40a83e292570">What is Blockchain.png</a></td><td><a href="https://docs.anodos.finance/~/revisions/ArslnTglonPj1Ed1Mhgf/education/what-is-blockchain">https://docs.anodos.finance/~/revisions/ArslnTglonPj1Ed1Mhgf/education/what-is-blockchain</a></td></tr><tr><td>Learn more about crypto wallet and how it works</td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FZjC5Z1AC2U41EIQwHnw0%2FWhat%20is%20Crypto%20Wallet.png?alt=media&amp;token=ae79472f-c22c-4ca2-a80f-7dd442d15535">What is Crypto Wallet.png</a></td><td><a href="https://docs.anodos.finance/~/revisions/ArslnTglonPj1Ed1Mhgf/education/what-is-a-crypto-wallet">https://docs.anodos.finance/~/revisions/ArslnTglonPj1Ed1Mhgf/education/what-is-a-crypto-wallet</a></td></tr><tr><td>Learn more about Decentralized Finance and how it works</td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FUMyD3wMrzy7wj9HBcfGI%2FWhat%20is%20Decentralized%20Finance_.png?alt=media&amp;token=5f736dfe-03a8-4368-9c28-94e8d27fdeda">What is Decentralized Finance_.png</a></td><td><a href="https://docs.anodos.finance/~/revisions/nZY2Y12r3lotsTPAWukW/education/what-is-decentralized-finance">https://docs.anodos.finance/~/revisions/nZY2Y12r3lotsTPAWukW/education/what-is-decentralized-finance</a></td></tr><tr><td>Learn more about XRP Ledger and how it works</td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FFCybA9pW05NUdS8HQk8x%2FWhat%20is%20the%20XRP%20Ledger_.png?alt=media&amp;token=97549762-4b64-49dd-aefd-e6108868cd15">What is the XRP Ledger_.png</a></td><td></td></tr><tr><td>Introduction to XRPL’s super DEX</td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FnOvDY7UbvK0ujRVbFC5Z%2FWhat%20is%20an%20Automated%20Market%20Maker_%20Introduction%20to%20XRPL%E2%80%99s%20super%20DEX.png?alt=media&amp;token=1e84e41a-a059-4b24-86f5-61da659968b9">What is an Automated Market Maker_ Introduction to XRPL’s super DEX.png</a></td><td><a href="https://docs.anodos.finance/~/revisions/nZY2Y12r3lotsTPAWukW/education/what-is-an-automated-market-maker">https://docs.anodos.finance/~/revisions/nZY2Y12r3lotsTPAWukW/education/what-is-an-automated-market-maker</a></td></tr><tr><td>How to protect your digital assets</td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FKZimBiC9kNqdsZa62Nk6%2FSecurity%20Guide%20%E2%80%93%20How%20to%20protect%20your%20digital%20assets.png?alt=media&amp;token=a6abc9ee-650b-4066-9242-55b22a8e24b5">Security Guide – How to protect your digital assets.png</a></td><td><a href="https://docs.anodos.finance/~/revisions/Mtc6K3vkERH5sAOLEWkH/education/security-guide">https://docs.anodos.finance/~/revisions/Mtc6K3vkERH5sAOLEWkH/education/security-guide</a></td></tr></tbody></table>


# Glossary

A list of words and terms related to Anodos

<table><thead><tr><th width="374" align="center">Term</th><th>Description</th></tr></thead><tbody><tr><td align="center"><strong>Account</strong></td><td><mark style="color:$info;">Account means your blockchain account, whether or not generated through a crypto wallet</mark>.</td></tr><tr><td align="center"><strong>Address / Public key</strong></td><td><mark style="color:$info;">An address is a string of alphanumeric characters that is attached to your account/wallet and you use to receive cryptocurrencies.</mark></td></tr><tr><td align="center"><strong>Airdrop</strong></td><td><mark style="color:$info;">The distribution of free cryptocurrencies to the public or specific users to promote a new project or encourage community adoption.</mark></td></tr><tr><td align="center"><strong>APY (Annual Percentage Yield)</strong></td><td><mark style="color:$info;">The normalized amount a user stands to earn in a year, including compounding interest.</mark></td></tr><tr><td align="center"><strong>Arbitrage</strong></td><td><mark style="color:$info;">To take advantage of the price difference of an asset between two markets for profit. For example, if 1 XRP is selling for $0.80 on an exchange and $0.82 on another exchange then you can buy from the first and sell on the second to profit.</mark></td></tr><tr><td align="center"><strong>Automated Market Maker (AMM):</strong></td><td><mark style="color:$info;">A decentralized exchange (DEX) protocol that facilitates the trading/swapping of assets without a counterparty via an algorithmic formula.</mark></td></tr><tr><td align="center"><strong>Bid-Ask Spread</strong></td><td><mark style="color:$info;">The difference between the bid (buy) and ask (sell) price of a particular asset on an exchange.</mark></td></tr><tr><td align="center"><strong>Block</strong></td><td><mark style="color:$info;">The data record of all transaction information made during a specific time frame on a blockchain network. Blocks are added sequentially to a network’s chain of data, which in turn make up the public ledger known as blockchain.</mark></td></tr><tr><td align="center"><strong>Block Explorer</strong></td><td><mark style="color:$info;">A website that enables users to access real-time blockchain information like transactions, blocks, addresses, balances and transactions history on a particular blockchain network.</mark></td></tr><tr><td align="center"><strong>Cold Storage</strong></td><td><mark style="color:$info;">The offline storage of a cryptocurrency wallet. “Offline” means that the wallet is disconnected from the internet, preventing hackers from accessing it. Cold storage is considered to be the most secure way to hold crypto assets.</mark></td></tr><tr><td align="center"><strong>Consensus Mechanism/ Algorithm</strong></td><td><mark style="color:$info;">An algorithm that participants in a blockchain network use to reach an agreement on the state of the blockchain block or ledger.</mark></td></tr><tr><td align="center"><strong>Continuous Auction Mechanism</strong></td><td><mark style="color:$info;">A novel feature on XRPL's AMM designed to reduce impermanent loss by incentivizing arbitrageurs to bid for the right to capture price discrepancies. LPs effectively keep more of a pool’s trading fee revenues, while the arbitrageurs are incentivized to continuously bid at near zero trading fees and maintain stable volatility.</mark></td></tr><tr><td align="center"><strong>Decentralized Application (dApp)</strong></td><td><mark style="color:$info;">An application running on top of blockchain that cannot be controlled or censored by a single person or entity.</mark></td></tr><tr><td align="center"><strong>Decentralized Autonomous Organization (DAO)</strong></td><td><mark style="color:$info;">A decentralized organization managed by its community members through self-enforcing open source code and typically formalized by smart contracts.</mark></td></tr><tr><td align="center"><strong>Decentralized Exchange (DEX)</strong></td><td><mark style="color:$info;">A protocol that facilitates the trade of assets without a central counterparty. Decentralized exchange can also be used to describe a peer-to-peer transaction (P2P).</mark></td></tr><tr><td align="center"><strong>Fork</strong></td><td><mark style="color:$info;">When one blockchain is divided into two blockchains. This type of split happens when an update is made to the blockchain protocol, but not all of the network participants / nodes agree to adopt it.</mark></td></tr><tr><td align="center"><strong>Governance &#x26; governance tokens</strong></td><td><mark style="color:$info;">Governance refers to the maintenance, enforcement, and regulation of a decentralized protocol by token holders. Usually, when a DeFi protocol is released, it does so with a native token. Anyone who holds the protocol’s native token can participate in governance decision-making and changes on the network and propose governance measures themselves.</mark></td></tr><tr><td align="center"><strong>Impermanent Loss (IL)</strong></td><td><mark style="color:$info;">The opportunity cost of participating in a liquidity pool versus having just held the assets in your wallet.</mark></td></tr><tr><td align="center"><strong>Liquidity</strong></td><td><mark style="color:$info;">The ability to sell or buy an asset without causing significant fluctuations in the market price.</mark></td></tr><tr><td align="center"><strong>Liquidity Pool</strong></td><td><mark style="color:$info;">A grouping of 2 tokens that are aggregated and locked up in order to facilitate trading of other users on DEXs or AMMs.</mark></td></tr><tr><td align="center"><strong>Multi-Signature (Multi-Sig) Wallet</strong></td><td><mark style="color:$info;">A wallet which requires multiple private keys (either by one or multiple people) to sign a blockchain transaction before it can be executed.</mark></td></tr><tr><td align="center"><strong>Node</strong></td><td><mark style="color:$info;">A participant on a blockchain network that communicates with other participants to ensure the security and integrity of the system.</mark></td></tr><tr><td align="center"><strong>Non-Custodial</strong></td><td><mark style="color:$info;">Refers to wallets or platforms that you have the complete control of the keys and there is no intermediary custodying your assets for you.</mark></td></tr><tr><td align="center"><strong>Non-fungible Token (NFT)</strong></td><td><mark style="color:$info;">A type of cryptographic token that represents a unique digital or real-world asset.</mark></td></tr><tr><td align="center"><strong>Oracle</strong></td><td><mark style="color:$info;">Data feeds that bring data from off-the-blockchain (off-chain) data sources to put this data on the blockchain (on-chain) for smart contracts to utilize.</mark></td></tr><tr><td align="center"><strong>Private key</strong></td><td><mark style="color:$info;">A cryptographic key (usually 12 or 24 random words - also called passhprase, seed phrase or recovery phrase) to your account on a blockchain. It is used to sign transactions and should NOT be shared with anyone as they would have complete control of your account and crypto assets.</mark></td></tr><tr><td align="center"><strong>Slippage</strong></td><td><mark style="color:$info;">Slippage is defined as the percentage change in the effective price of a trade relative to the pre-swap spot-price.</mark></td></tr><tr><td align="center"><strong>Snapshot</strong></td><td><mark style="color:$info;">The recording of a specific blockchain block/ledger at a certain date and time. It is usually used for airdrops.</mark></td></tr><tr><td align="center"><strong>Spot Price</strong></td><td><mark style="color:$info;">The current price on the open market at which a given asset can be bought or sold for immediate settlement.</mark></td></tr><tr><td align="center"><strong>Trustless</strong></td><td><mark style="color:$info;">A term that means the participants involved do not need to know or trust each other or a third party for verification of an outcome because it’s handled in a decentralized way.</mark></td></tr><tr><td align="center"><strong>Total Value Locked (TVL)</strong></td><td><mark style="color:$info;">Total value locked (TVL) refers to the total amount of value deposited (or staked) in a given DeFi protocol. Higher TVL means greater liquidity and confidence.</mark></td></tr><tr><td align="center"><strong>Validator</strong></td><td><mark style="color:$info;">Validators play a key role in the consensus process as they are responsible for verifying transactions and relaying that information to other validators in order for the blockchain to reach consensus.</mark></td></tr><tr><td align="center"><strong>Zero-Knowledge Proofs:</strong></td><td><mark style="color:$info;">Proofs to verify that transactions are valid without revealing any information about these transactions, providing privacy to the transaction while maintaining its legitimacy.</mark></td></tr></tbody></table>


# What is money?

<mark style="color:$primary;">Money is an essential part of our everyday lives. It is a fascinating subject with a long and complicated history. From barter to bitcoin and cryptocurrencies, money has taken many forms.</mark>

<div align="left"><figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FpapoLvZ5xbrTMyfLlkhM%2FWhat%20is%20Money.png?alt=media&amp;token=d404ff96-32f3-404f-85ee-34faa94f259a" alt=""><figcaption></figcaption></figure></div>

<mark style="color:$primary;">Money is something we use every day to buy stuff, pay for services, and trade with others. But what exactly is money? At its core, money is anything people agree has value and can be used to exchange goods and services. Over time, money has evolved from shells and livestock to coins, paper bills, and now digital currencies like XRP or Bitcoin.</mark>

## <mark style="color:$primary;">💰 Money isn’t just for buying things it also helps us:</mark>

* <mark style="color:$primary;">Store value</mark> <mark style="color:$primary;">(save for later)</mark>
* <mark style="color:$primary;">Measure worth</mark> <mark style="color:$primary;">(compare prices)</mark>
* <mark style="color:$primary;">Make trade easier</mark> <mark style="color:$primary;">(no need to barter)</mark>

***

## <mark style="color:$primary;">💵</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Fiat Money: The Government’s Promise**</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F6EmAp3lAvAswCxTxthYm%2FFiat%20Money_%20The%20Government%E2%80%99s%20Promise.png?alt=media&amp;token=396ca4c1-429c-401f-be52-4eb79b6df531" alt=""><figcaption></figcaption></figure>

<mark style="color:$primary;">Today, most money is fiat currency like dollars, euros, or yen. Fiat money has value because the government says it does, not because it’s backed by gold or silver. Its worth depends on people’s trust in the system.</mark>&#x20;

{% hint style="info" %} <mark style="color:$primary;">If that trust disappears, the money becomes worthless.</mark>
{% endhint %}

***

## <mark style="color:$primary;">🏦</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Banks & Digital Money**</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FgEI24s58BCf8rDotyefL%2FBanks%20%26%20Digital%20Money.png?alt=media&amp;token=b1b93a14-78ab-450e-8581-b2d606f1cca0" alt=""><figcaption></figcaption></figure>

<mark style="color:$primary;">Most money today (over 95%) isn’t even physical, it’s just numbers in bank accounts, in databases. Banks keep our money safe, lend it out, and help with payments.</mark>&#x20;

<mark style="color:$primary;">But they’re also businesses, making profits from:</mark>

* <mark style="color:$primary;">Fees</mark>
* <mark style="color:$primary;">Loans</mark>
* <mark style="color:$primary;">Investments</mark>

<mark style="color:$primary;">The government is supposed to regulate banks to prevent abuse, but history shows they often fail. Banks control our money—charging fees, setting interest rates, and even creating more money when they want. Many people argue we need a fairer, more transparent system.</mark>

***

## <mark style="color:$primary;">🚀</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Then Came Bitcoin**</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FblzwWKBr4ADFh5xCfEIU%2FThen%20Came%20Bitcoin.png?alt=media&amp;token=9b738639-6513-4ebd-a987-87907f9f501b" alt=""><figcaption></figcaption></figure>

<mark style="color:$primary;">In 2009, Bitcoin changed everything. It introduced a new kind of money:</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">decentralized (no banks or governments in control) and</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**internet-native**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">(existing only online). Essentially, digital cash. Bitcoin challenged the traditional idea of money, proving that people could store and exchange value without middlemen.</mark>


# What is Blockchain?

<mark style="color:$primary;">Blockchain can be described as a value-exchange protocol. It can be used to track ownership, transfers and provenance of assets.</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F3SM36PGAmUFGLaI9DBVw%2FWhat%20is%20Blockchain.png?alt=media&amp;token=8ba97f84-e765-4c3e-8ae0-40a83e292570" alt=""><figcaption></figcaption></figure>

## <mark style="color:$primary;">🧠 Cypherpunks and Digital Currency</mark>

<mark style="color:$primary;">In the 1990s,</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Cypherpunks**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">began to experiment with the concept of a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**digital currency**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">that was not dependent on an organization issuing it.</mark>

<mark style="color:$primary;">This sort of digital money would be:</mark>

* <mark style="color:$primary;">Identifiable as being</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**scarce**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">and</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**limited in supply**</mark>
* <mark style="color:$primary;">Acceptable as money since it would be</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**provably difficult to create**</mark>

<mark style="color:$primary;">In</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**1998**</mark><mark style="color:$primary;">,</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Wei Dai**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">proposed</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**“b-money”**</mark><mark style="color:$primary;">, an anonymous, distributed electronic cash system.</mark>\
*<mark style="color:$primary;">b-money was never implemented</mark>*<mark style="color:$primary;">, but it inspired later work on blockchain.</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F0taNQHYgt65b57e1Vn6I%2FWei%20Dai.png?alt=media&amp;token=64922ebb-3f48-4085-8c1e-c5259ce83b81" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
*<mark style="color:$primary;">b-money was never implemented</mark>*<mark style="color:$primary;">, but it inspired later work on blockchain.</mark>
{% endhint %}

<mark style="color:$primary;">In</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**2004**</mark><mark style="color:$primary;">, a system called</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Reusable Proof of Work**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">was introduced by</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Hal Finney**</mark><mark style="color:$primary;">.</mark>\ <mark style="color:$primary;">This system was designed to</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**enable users to verify the transfer of tokens in real-time**</mark><mark style="color:$primary;">.</mark>

***

## <mark style="color:$primary;">🚀 Then Came Bitcoin</mark>

<mark style="color:$primary;">In</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**2008**</mark><mark style="color:$primary;">, an anonymous person or group using the pseudonym</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Satoshi Nakamoto**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">introduced the concept of</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**distributed blockchains**</mark><mark style="color:$primary;">.</mark>

<mark style="color:$primary;">He modified the blockchain architecture to allow the addition of extra blocks without requiring them to be signed by trusted parties.</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FH08WccVsDbUQvcjweTti%2FFirst%20Forum%20Post%20Introducing%20Bitcoin.png?alt=media&amp;token=1f2e792f-a34b-40d0-a8c4-5cbc2df7ad7d" alt=""><figcaption></figcaption></figure>

***

## <mark style="color:$primary;">⛓️ What Is a Blockchain?</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FEf8kYtNK0s0UHF1m1X4W%2FHow%20blockchain%20works.png?alt=media&amp;token=41b3e372-f414-47c0-a5b9-c21ba3008535" alt=""><figcaption></figcaption></figure>

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">📘  A blockchain is a</mark> <mark style="color:$primary;"></mark>*<mark style="color:$primary;">distributed online database</mark>* <mark style="color:$primary;"></mark><mark style="color:$primary;">made up of blocks (or ledgers), each containing a timestamp and a reference to the previous block.</mark>

<mark style="color:$primary;">It is:</mark>

* <mark style="color:$primary;">**Continuously growing**</mark>
* <mark style="color:$primary;">**Publicly verifiable**</mark>
* <mark style="color:$primary;">**Connected in sequence**</mark>
* <mark style="color:$primary;">**Tamper-resistant**</mark>

<mark style="color:$primary;">🛡️ Blockchain is often called a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**distributed ledger**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">because it's:</mark>

* <mark style="color:$primary;">Verified by a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**global network of computers**</mark>
* <mark style="color:$primary;">Not stored in any single location</mark>
* <mark style="color:$primary;">**More secure**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">from hacking</mark>

<mark style="color:$primary;">When a transaction occurs:</mark>

1. <mark style="color:$primary;">It is</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**broadcast to the network**</mark>
2. <mark style="color:$primary;">Each node</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**verifies and encrypts**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">it</mark>
3. <mark style="color:$primary;">Once verified, it is</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**added to the block**</mark>
4. <mark style="color:$primary;">The record is visible to all, but</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**user identities remain anonymous**</mark>
   {% endtab %}

{% tab title="Extensive " %} <mark style="color:$primary;">Blockchain is often referred to as a distributed ledger because it is constantly being updated and verified by a network of computers around the world. It is not stored in a single location, which makes it more secure from hacking attacks. When a transaction is made, it is broadcast to the network, then each computer on the network verifies the transaction. Also each transaction is encrypted. Once the transaction is verified, it is added to the block. All this information is public and everyone can see the transactions that have been made. However, the identities of the people involved in the transaction are anonymous, as long as there is no link between your wallet address and your identity.</mark>
{% endtab %}
{% endtabs %}

***

## <mark style="color:$primary;">📓 Simplifying Blockchain: The National Ledger</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FBSk9ZtKKRtzcEs2p1L1Q%2FSimplifying%20Blockchain.png?alt=media&amp;token=076c43df-d75c-44cd-962a-8af9da90e3eb" alt=""><figcaption></figcaption></figure>

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">Still confused? Think of a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**blockchain as an accounting book**</mark><mark style="color:$primary;">, or better yet, your country’s</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**national ledger**</mark><mark style="color:$primary;">.</mark>

* <mark style="color:$primary;">Every event or transaction is recorded</mark>
* <mark style="color:$primary;">**No central authority**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">controls it</mark>
* <mark style="color:$primary;">Every citizen has a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**copy**</mark>
* <mark style="color:$primary;">New updates are</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**shared with all**</mark>
  {% endtab %}

{% tab title="Extensive " %} <mark style="color:$primary;">Still confused about what a blockchain actually is? Let’s simplify it. Think of a blockchain as an accounting book. You may ask, an accounting book of what? Think of it as a book or ledger for a specific network. Imagine it’s like your country’s national ledger or accounting book. In this ledger, every transaction or event that occurs within the country is meticulously recorded. Now, who’s in control of this ledger? Well, it’s not under the control of any single entity – it’s a collective effort. Every citizen in the country plays a role in maintaining this ledger, and every citizen gets an identical copy of it. Whenever a new transaction occurs, it’s added to the ledger, and this updated version is distributed to all citizens.</mark>
{% endtab %}
{% endtabs %}

***

## <mark style="color:$primary;">⚠️ Stopping the Bad Guys</mark>

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">In any system, there will be bad actors who try to:</mark>

* <mark style="color:$primary;">Falsify transactions</mark>
* <mark style="color:$primary;">Inflate balances</mark>
* <mark style="color:$primary;">Create money from thin air</mark>

<mark style="color:$primary;">That would cause</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**inflation**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">and</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**harm the whole system**</mark><mark style="color:$primary;">.</mark>

<mark style="color:$primary;">But in blockchain:</mark>

* <mark style="color:$primary;">The network</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**reviews all transactions**</mark>
* <mark style="color:$primary;">Ledgers are</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**compared across nodes**</mark>
* <mark style="color:$primary;">The</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**majority rules**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">and rejects fake entries</mark>

{% hint style="info" %} <mark style="color:$primary;">This is</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**decentralization**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">in action: decisions made collectively by participants —</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**not by any central authority**</mark><mark style="color:$primary;">.</mark>
{% endhint %}
{% endtab %}

{% tab title="Extensive " %} <mark style="color:$primary;">However, in any system, there’s always the potential for bad actors. These individuals might attempt to deceive the network by creating false transactions, claiming they have more money than they actually do. If these false transactions were accepted, it would essentially mean creating money out of thin air, leading to inflation and a devaluation of the currency. This harms everyone. That’s where the strength of decentralization comes into play.</mark>&#x20;

<mark style="color:$primary;">The citizens, or the network users, compare their ledger copies and review the transaction history to ensure the truth is being told. Through a democratic process, the majority determines whether to accept or reject these questionable transactions. This is the essence of decentralization in a blockchain. The power rests with the majority, and decisions are made collectively.</mark>&#x20;
{% endtab %}
{% endtabs %}

***

## <mark style="color:$primary;">🧩 In a Nutshell</mark>

<mark style="color:$primary;">A</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**blockchain**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">is:</mark>

* <mark style="color:$primary;">A</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**decentralized**</mark><mark style="color:$primary;">,</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**immutable**</mark><mark style="color:$primary;">, online database</mark>
* <mark style="color:$primary;">Verified by a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**global peer-to-peer network**</mark>
* <mark style="color:$primary;">Public but</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**pseudonymous**</mark>

{% hint style="info" %} <mark style="color:$primary;">Just like each country has unique laws,</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**each blockchain**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">has its</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**own rules, structure, and goals**</mark><mark style="color:$primary;">.</mark>
{% endhint %}


# What is a crypto wallet?

<mark style="color:$primary;">A</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**crypto wallet**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">is like your</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**bank account**</mark><mark style="color:$primary;">, but</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**without the bank**</mark><mark style="color:$primary;">.</mark>\ <mark style="color:$primary;">You</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**are the bank**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">— you control everything in your account.</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FZjC5Z1AC2U41EIQwHnw0%2FWhat%20is%20Crypto%20Wallet.png?alt=media&amp;token=ae79472f-c22c-4ca2-a80f-7dd442d15535" alt=""><figcaption></figcaption></figure>

<mark style="color:$primary;">A wallet is simply a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**piece of software**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">that allows you to:</mark>

* <mark style="color:$primary;">Store cryptocurrency</mark>
* <mark style="color:$primary;">Send and receive crypto</mark>
* <mark style="color:$primary;">View transaction history</mark>
* <mark style="color:$primary;">See account balances</mark>
* <mark style="color:$primary;">Interact with</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**dApps**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">(decentralized applications)</mark>

{% hint style="info" %} <mark style="color:$primary;">Some wallets are better than others — and there are many different options available.</mark>
{% endhint %}

***

## <mark style="color:$primary;">🧠 Common Misconceptions</mark>

<mark style="color:$primary;">There are many misconceptions and lack of understanding in how crypto wallets work. Technically, wallets don’t ‘hold’ cryptocurrencies.</mark>

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">Let’s clarify:</mark>

* <mark style="color:$primary;">**Wallets don’t technically “hold” your cryptocurrency**</mark>
* <mark style="color:$primary;">Your</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**coins do not exist physically**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">and are</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**not stored on your device**</mark>
* <mark style="color:$primary;">They only ever exist</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**on their respective blockchain**</mark>

<mark style="color:$primary;">When you “send” crypto, it doesn't physically move —</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**balances on the blockchain**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">are updated instead.</mark>

{% hint style="info" %} <mark style="color:$primary;">Think of a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**blockchain**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">as an</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**accounting system**</mark><mark style="color:$primary;">, where only</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**balance changes**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">are recorded.</mark>
{% endhint %}
{% endtab %}

{% tab title="Extensive" %} <mark style="color:$primary;">Your coins do not physically exist and are not stored on any device, they only ever exist on their blockchain. The assets can move from one address to another or, more properly, the balance of the addresses can change, but it doesn’t actually go anywhere. Don’t forget that a blockchain, in simple terms, is an accounting system where balances are updated.</mark>
{% endtab %}
{% endtabs %}

***

## <mark style="color:$primary;">🔐 What Do You Actually Own?</mark>

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">When you “own” cryptocurrency, what you</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**actually own**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">is:</mark>

<mark style="color:$primary;">✅</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**A private key**</mark>

<mark style="color:$primary;">A wallet safeguards this</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**private key**</mark><mark style="color:$primary;">, which represents:</mark>

* <mark style="color:$primary;">Your</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**account credentials**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">(also called</mark> <mark style="color:$primary;"></mark>*<mark style="color:$primary;">seed</mark>*<mark style="color:$primary;">,</mark> <mark style="color:$primary;"></mark>*<mark style="color:$primary;">secret</mark>*<mark style="color:$primary;">,</mark> <mark style="color:$primary;"></mark>*<mark style="color:$primary;">passphrase</mark>*<mark style="color:$primary;">)</mark>
* <mark style="color:$primary;">The ability to</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**sign transactions**</mark>
* <mark style="color:$primary;">The power to</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**control your assets**</mark>

<mark style="color:$primary;">When you create a new wallet, it generates:</mark>

* <mark style="color:$primary;">A</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**private key**</mark>
* <mark style="color:$primary;">A</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**public key**</mark>
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$primary;">Your coins do not physically exist and are not stored on any device, they only ever exist on their blockchain. The assets can move from one address to another or, more properly, the balance of the addresses can change, but it doesn’t actually go anywhere. Don’t forget that a blockchain, in simple terms, is an accounting system where balances are updated.</mark>&#x20;

<mark style="color:$primary;">When you own cryptocurrencies, what you actually own is a private key. Wallets safeguard this private key, which are your account credentials (seed, secret, passphrase) and use those credentials to sign/do transactions. When you create a new account on a crypto wallet, you get a private key and a public key.</mark>
{% endtab %}
{% endtabs %}

***

## <mark style="color:$primary;">🗝️ Public vs Private Keys</mark>

<mark style="color:$primary;">The “private key” is usually random words or numbers that you must protect by all costs and not reveal to anyone.</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2Fg6xMjGy9kSIwFSv8xU0g%2FPublic%20vs%20Private%20Keys.png?alt=media&amp;token=71945ffe-5843-4b23-99b9-8fb0fb23430c" alt=""><figcaption></figcaption></figure>

<table><thead><tr><th>Key Type	</th><th width="350.5999755859375">What It Does	</th><th>Shareable?</th></tr></thead><tbody><tr><td>Public Key</td><td>Your receiving address</td><td>✅ Yes</td></tr><tr><td>Private Key</td><td>Your access password to the wallet</td><td>❌ No</td></tr></tbody></table>

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">Public and private keys are a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**fundamental part**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">of blockchain tech.</mark>

<mark style="color:$primary;">📨 Your public key is like your email address — you can safely share it.</mark>\ <mark style="color:$primary;">🔐 Your private key is like your password — never share it with anyone.</mark>

### <mark style="color:$primary;">📌 Private Key = Seed Phrase = Recovery Phrase</mark>

* <mark style="color:$primary;">Usually</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**12 or 24 random words**</mark>
* <mark style="color:$primary;">Sometimes called</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**mnemonic phrase**</mark>
* <mark style="color:$primary;">Grants full access to your account and funds</mark>

{% hint style="warning" %} <mark style="color:$primary;">If someone gains access to your private key, they can steal your assets.</mark>\ <mark style="color:$primary;">If you</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**lose**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">your private key, you</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**cannot recover**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">your funds.</mark>
{% endhint %}

### <mark style="color:$primary;">🧬 Cryptographic Link</mark>

<mark style="color:$primary;">There is a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**mathematical relationship**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">between your private key and public key:</mark>

* <mark style="color:$primary;">If you</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**have the private key**</mark><mark style="color:$primary;">, you can recover the public key and wallet</mark>
* <mark style="color:$primary;">If you</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**only have the public key**</mark><mark style="color:$primary;">, you</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**cannot**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">derive or recover the private ke</mark><mark style="color:$primary;">y</mark>
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$primary;">Public and private keys are an integral component of cryptocurrencies and blockchain technology. Public and private keys are subsequently analogous to an email address and password, respectively. Your public key is your receiving address, which you can share with anyone to send you cryptocurrencies. Your private key (also called seed phrase, passphrase, recovery phrase or mnemonic) is your password, usually 12 or 24 random words, which unlocks the right to access your account and spend the associated cryptocurrencies. As it provides access to your cryptocurrencies, it should – as the name suggests – remain private and never shared with anyone. There is a cryptographic link between the public key and the private key and you can recover the public key and your account if you own the private key. However, it’s impossible to find or recover the private key using only the public key.</mark>
{% endtab %}
{% endtabs %}

***

## <mark style="color:$primary;">🤝 Self-Custody: You Are the Bank</mark>

<mark style="color:$primary;">**Owning and controlling your private keys**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">means you have</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**full control**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">over your crypto.</mark>

<mark style="color:$primary;">This is called</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**self-custody**</mark><mark style="color:$primary;">, and it’s a</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**core benefit**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">of blockchain technology.</mark>

<mark style="color:$primary;">💡 Why Self-Custody Matters</mark>

* <mark style="color:$primary;">No third party needed to approve transactions</mark>
* <mark style="color:$primary;">You hold your funds even if exchanges or apps shut down</mark>
* <mark style="color:$primary;">You can access your wallet anywhere with your private key</mark>
* <mark style="color:$primary;">You are responsible for your own security</mark>

{% hint style="info" %} <mark style="color:$primary;">**Self-custody**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">is one of the defining features of decentralized finance and crypto. You are in charge - and responsible - for your own digital wealth.</mark>
{% endhint %}


# What is Decentralized Finance?

<mark style="color:$primary;">The</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**financial industry**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">is undergoing a period of foundational change — much of it driven by</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**new types of financial technology (FinTech)**</mark><mark style="color:$primary;">.</mark>\ <mark style="color:$primary;">One of the most</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**groundbreaking sectors**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">of FinTech is</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**blockchain technology**</mark><mark style="color:$primary;">.</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FUMyD3wMrzy7wj9HBcfGI%2FWhat%20is%20Decentralized%20Finance_.png?alt=media&amp;token=5f736dfe-03a8-4368-9c28-94e8d27fdeda" alt=""><figcaption></figcaption></figure>

### <mark style="color:$primary;">🚀 Enter DeFi</mark>

<mark style="color:$primary;">**Decentralized Finance (DeFi)**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">is enabling entirely new financial products and services that:</mark>

* <mark style="color:$primary;">Reduce reliance on legacy gatekeepers</mark>
* <mark style="color:$primary;">Bypass traditional financial stakeholders</mark>
* <mark style="color:$primary;">Eliminate abuse of power through transparency and automation</mark>

***

## <mark style="color:$primary;">📘 What Is DeFi?</mark>

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">🧾</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**DeFi**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">is an</mark> <mark style="color:$primary;"></mark>*<mark style="color:$primary;">open financial ecosystem</mark>* <mark style="color:$primary;"></mark><mark style="color:$primary;">of applications that run on top of blockchain technology.</mark>

<mark style="color:$primary;">The goal of DeFi is to</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**replace traditional middlemen**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">(banks, brokers, etc.) with:</mark>

* <mark style="color:$primary;">**Automation**</mark>
* <mark style="color:$primary;">**Transparent processes**</mark>
* <mark style="color:$primary;">**Decentralized infrastructure**</mark>

<mark style="color:$primary;">DeFi applications use:</mark>

* <mark style="color:$primary;">**Blockchain technology**</mark>
* <mark style="color:$primary;">Often,</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**smart contracts**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">— making processes</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**automated**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">and</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**trustless**</mark>

<mark style="color:$primary;">This allows users to:</mark>

* <mark style="color:$primary;">Access financial services</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**directly**</mark>
* <mark style="color:$primary;">Skip banks or centralized financial institutions</mark>
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$primary;">In the most basic sense, DeFi is an open financial ecosystem of apps that run on top of blockchain technology. The goal is to replace middlemen in traditional financial systems (like lending, borrowing, derivatives, and exchange) with automation and transparent processes. DeFi refers to financial services and applications that use blockchain technology and often smart contracts, which make them automated and trustless (decentralized). By using decentralized protocols and smart contracts, DeFi can offer a wide range of financial products and services without the need for centralized intermediaries. This means that users can access various financial services directly, without having to go through a bank or other financial institution.</mark>
{% endtab %}
{% endtabs %}

***

## <mark style="color:$primary;">🔐 Custody & Control in DeFi</mark>

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">✅ Most DeFi solutions are</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**non-custodial**</mark>

<mark style="color:$primary;">This means:</mark>

* <mark style="color:$primary;">DeFi protocols</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**do not hold your funds**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">like a bank does</mark>
* <mark style="color:$primary;">Users maintain</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**full control**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">over their assets</mark>
* <mark style="color:$primary;">Funds can be moved</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**at any time**</mark><mark style="color:$primary;">, without permission</mark>

<mark style="color:$primary;">You can use DeFi for:</mark>

* <mark style="color:$primary;">Lending</mark>
* <mark style="color:$primary;">Borrowing</mark>
* <mark style="color:$primary;">Staking</mark>
* <mark style="color:$primary;">Other financial instruments</mark>

<mark style="color:$primary;">All</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**on your own terms**</mark><mark style="color:$primary;">, via:</mark>

* <mark style="color:$primary;">A</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**mobile wallet**</mark>
* <mark style="color:$primary;">A</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**DeFi-enabled desktop app**</mark>

{% hint style="info" %} <mark style="color:$primary;">DeFi gives users</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**real-time access and control**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">over their financial activity.</mark>
{% endhint %}
{% endtab %}

{% tab title="Extensive" %} <mark style="color:$primary;">The majority of DeFi solutions function without the use of custodians. This implies that they do not keep your money in the same way a bank does. Users may utilize any number of financial instruments (DeFi lending, DeFi borrowing, DeFi staking, and more) on their own terms instead of depending on centralized exchanges or systems and remove their funds at any time if they choose to. Users can access and manage their DeFi funds in real-time through a mobile wallet or a DeFi application on their computer or mobile device, which provides them significant control over their investment decisions.</mark>
{% endtab %}
{% endtabs %}

***

## <mark style="color:$primary;">🌍 Open and Censorship-Resistant</mark>

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">One of the key benefits of DeFi:</mark>

* <mark style="color:$primary;">**Open to anyone**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">with an Internet connection</mark>
* <mark style="color:$primary;">**Censorship-resistant**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">by design</mark>
* <mark style="color:$primary;">**No central authority**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">to restrict participation</mark>

> <mark style="color:$primary;">👥 Anyone can:</mark>
>
> * <mark style="color:$primary;">Be a user</mark>
> * <mark style="color:$primary;">Be a liquidity provider</mark>
> * <mark style="color:$primary;">Or be both</mark>

<mark style="color:$primary;">Regardless of:</mark>

* <mark style="color:$primary;">Geographic location</mark>
* <mark style="color:$primary;">Economic status</mark>
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$primary;">One of the most important characteristics of DeFi is that it is open and accessible to anyone with an Internet connection. By its very nature, DeFi is also censorship-resistant because there is no central point of control. This means that financial services built on DeFi protocols can be used by anyone, regardless of their location or economic status. Anyone can be either a user, a liquidity provider, or both.</mark>
{% endtab %}
{% endtabs %}

***

## <mark style="color:$primary;">🔗 What Is Onchain Finance?</mark>

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$primary;">🧭</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Onchain Finance**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">represents the</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**next evolution**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">of DeFi.</mark>

<mark style="color:$primary;">It builds on DeFi's foundation — decentralization, transparency, and user control — but takes it further:</mark>

<mark style="color:$primary;">🔄 Full Onchain Integration</mark>

<mark style="color:$primary;">While DeFi focuses on:</mark>

* <mark style="color:$primary;">**Specific dApps and smart contracts**</mark>

<mark style="color:$primary;">**Onchain Finance**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">delivers:</mark>

* <mark style="color:$primary;">A</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**holistic ecosystem**</mark>
* <mark style="color:$primary;">Where</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**every operation**</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">— transactions, assets, services — is</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**natively on-chain**</mark>

<mark style="color:$primary;">Includes:</mark>

* <mark style="color:$primary;">Payments</mark>
* <mark style="color:$primary;">Savings</mark>
* <mark style="color:$primary;">Investments</mark>
* <mark style="color:$primary;">Business tools</mark>

<mark style="color:$primary;">No reliance on</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**offchain intermediaries**</mark><mark style="color:$primary;">.</mark>
{% endtab %}

{% tab title="Extensive" %} <mark style="color:$primary;">Onchain Finance represents the next evolution of DeFi, taking the principles of decentralization, transparency, and user control to a broader, more integrated level by embedding all financial operations directly onto a blockchain. While DeFi focuses on specific decentralized applications and smart contracts, Onchain Finance encompasses a holistic ecosystem where every transaction, asset, and service (payments, savings, investments, and business tools) resides natively on the blockchain, eliminating reliance on offchain intermediaries entirely.</mark>&#x20;
{% endtab %}
{% endtabs %}

***

## <mark style="color:$primary;">💰 Onchain Finance at Anodos Labs</mark>

<mark style="color:$primary;">At</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**Anodos Labs**</mark><mark style="color:$primary;">, we define Onchain Finance as:</mark>

> *<mark style="color:$primary;">“The future of money management, where traditional financial barriers are dismantled, and individuals and businesses gain unparalleled access and autonomy.”</mark>*

<mark style="color:$primary;">Onchain Finance is:</mark>

* <mark style="color:$primary;">Integrated</mark>
* <mark style="color:$primary;">Decentralized</mark>
* <mark style="color:$primary;">Accessible</mark>
* <mark style="color:$primary;">Empowering</mark>

<mark style="color:$primary;">It aims to replace not just parts of finance, but</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**entire systems**</mark><mark style="color:$primary;">, entirely on the blockchain.</mark>


# Explaining XRPL's super DEX

<mark style="color:$info;">The paradigm is gradually shifting in favor of decentralized protocols, with more people realizing the value of decentralization.</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FnOvDY7UbvK0ujRVbFC5Z%2FWhat%20is%20an%20Automated%20Market%20Maker_%20Introduction%20to%20XRPL%E2%80%99s%20super%20DEX.png?alt=media&amp;token=1e84e41a-a059-4b24-86f5-61da659968b9" alt=""><figcaption></figcaption></figure>

## 🔄 Centralized Exchanges Vs Decentralized Exchanges

{% tabs %}
{% tab title="In a nutshell" %} <mark style="color:$info;">With your typical crypto exchange, such as</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**Coinbase**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">or</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**Binance**</mark><mark style="color:$info;">, you deposit your money using a bank transfer, credit/debit card, or crypto you already own.</mark>

{% hint style="warning" %} <mark style="color:$warning;">Once you deposit your crypto,</mark> <mark style="color:$warning;"></mark><mark style="color:$warning;">**you don’t control it anymore**</mark><mark style="color:$warning;">. The exchange holds the</mark> <mark style="color:$warning;"></mark><mark style="color:$warning;">**private keys**</mark><mark style="color:$warning;">, not you.</mark>
{% endhint %}

<mark style="color:$info;">You can still trade or withdraw, but:</mark>

* <mark style="color:$info;">The</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**exchange must approve**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">your withdrawals</mark>
* <mark style="color:$info;">Trades happen</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**off-chain**</mark><mark style="color:$info;">, inside the exchange’s own system</mark>

***

### 🧩 What Is a DEX (Decentralized Exchange)?

<mark style="color:$info;">A</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**DEX**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">works completely differently:</mark>

* <mark style="color:$info;">Uses</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**smart contracts**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">to execute trades onchain</mark>
* <mark style="color:$info;">Trades happen</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**directly from your wallet**</mark>
* <mark style="color:$info;">Works like a</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**P2P marketplace**</mark>
* <mark style="color:$info;">**No middlemen or banks**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">involved</mark>

✅ You keep **full control of your funds** because **you never hand over your private keys**

***

### 🔑 The Core Difference

**Who holds your money?**

* **CEX:** The exchange
* **DEX:** You
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$info;">With your typical crypto exchange, such as Coinbase or Binance, you deposit your money using a bank transfer, credit/debit card, or crypto you already own. But here’s the catch: once you deposit your crypto, you don’t really control it anymore. Sure, you can still trade or withdraw it, but technically, the exchange holds the private keys, not you. That means the exchange has to approve any withdrawals, and your trades happen off-chain, just in the exchange’s own system.</mark>

<mark style="color:$info;">Now, a decentralized exchange (DEX) works totally differently. Instead of relying on a company to handle your money, DEXs use smart contracts, self-executing code on the blockchain, to let people trade directly from their own wallets. Think of it like a peer-to-peer (P2P) marketplace where buyers and sellers connect without a middleman.</mark>

<mark style="color:$info;">The best part? You keep full control of your funds because you never hand over your private keys.</mark>

<mark style="color:$info;">The biggest difference between CEXs and DEXs is simple: who holds your money? With a CEX, the exchange does. With a DEX, you do.</mark>
{% endtab %}
{% endtabs %}

{% hint style="info" %}
**Fun fact:** The XRP Ledger (XRPL) introduced the first DEX in history, built way back in 2012! It uses an onchain order book system, also known as central limit order book (CLOB), letting people trade XRP and other tokens directly on the ledger. Users can interact with the XRPL DEX through different platforms and interfaces such as [<mark style="color:blue;">https://dex.anodos.finance</mark>](https://dex.anodos.finance/) and the [<mark style="color:blue;">Xaman Wallet</mark>](https://xaman.app/).
{% endhint %}

***

## 🤖 What Is an Automated Market Maker (AMM)?

An Automated Market Maker is a type of decentralized exchange (DEX) that uses math (algorithms) to set prices and lets people trade crypto without needing a buyer and seller to match up at the exact same time. Instead of waiting for someone to take your trade, you swap tokens directly with a liquidity pool: a big pile of assets that other users have deposited.

An **AMM** is a type of DEX that:

* Uses **algorithms** to set prices
* Trades against **liquidity pools**, not individual traders
* Works **instantly** without needing matched orders

### 🆚 AMMs vs. Order Book DEXs

{% tabs %}
{% tab title="In a nutshell" %}
There are two main types:

* **Order Book (CLOB):** Buyers & sellers place offers
* **AMM (Liquidity Pools):** Trades happen against a pool, prices auto-adjust
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$info;">**There are two main ways DEXs work:**</mark>

<mark style="color:$info;">**Order Book (CLOB)**</mark><mark style="color:$info;">: Like a stock market, where buyers and sellers place orders at different prices. The system matches them up.</mark>

<mark style="color:$info;">**AMM (Liquidity Pools)**</mark><mark style="color:$info;">: Instead of waiting for a match, you trade against a pool of funds. The price adjusts automatically based on supply and demand.</mark>

<mark style="color:$info;">AMMs are a big deal because they let people trade even rare tokens that wouldn’t have enough buyers or sellers in an order book.</mark>

<mark style="color:$info;">The introduction of liquidity pools was a game-changer for the entire decentralized finance market. These pools seek to address the issue by incentivizing users to provide liquidity in exchange for a share of the trading fees. Anyone can be a liquidity provider (LP) in an AMM.</mark>
{% endtab %}
{% endtabs %}

|                                        | <mark style="color:green;">AMMs</mark> | <mark style="color:yellow;">CLOBs</mark> |
| -------------------------------------- | -------------------------------------- | ---------------------------------------- |
| Market price is determined by          | Liquidity pools                        | Lowest asking price                      |
| Limit orders                           | Mostly no                              | ✅ Yes                                    |
| Capital efficiency                     | ✅ Yes                                  | Mostly no                                |
| Impermanent loss                       | ✅ Yes                                  | ❌ No                                     |
| Price discovery at all possible ranges | ✅ Yes                                  | ❌ No                                     |
| Easy to become a market maker          | ✅ Yes                                  | ❌ No                                     |
| Easy to bootstrap liquidity for a pair | ✅ Yes                                  | ❌ No                                     |
| Good for fat/long tail assets          | Long-tail                              | Fat-tail                                 |
| Earning yield comes from               | LP incentives                          | Maker rewards                            |

✅ AMMs make it easy to trade even **rare or illiquid assets**

***

### 💧 How Do Liquidity Pools Work?

{% tabs %}
{% tab title="In a nutshell" %}
Imagine a market stall that never closes. Prices adjust based on:

* Supply and demand
* Asset balances in the pool

{% hint style="info" %}
The more people buy an asset → The price goes up The more people sell → The price goes down
{% endhint %}
{% endtab %}

{% tab title="Extensive" %} <mark style="color:$info;">Imagine a self-running stall at a market that always has items to trade. The price of items isn't set by any one person but is determined by how much of each item is available. If lots of people want to buy a particular item and start trading their items for it, the AMM adjusts the price so that item becomes more expensive. If people want to get rid of an item and it starts piling up, the AMM makes it cheaper. This way, the AMM keeps the trading going by balancing supply and demand automatically, without anyone having to manually set the prices.</mark>
{% endtab %}
{% endtabs %}

***

### 👥 Liquidity Providers (LPs)

{% tabs %}
{% tab title="In a nutshell" %}

* LPs add **equal value** of two assets to create a market
* They earn **trading fees** proportional to their pool share
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$info;">Users called liquidity providers add an equal value of two tokens in a pool to create a market. In exchange for providing their funds, they earn trading fees from the trades that happen in their pool, proportional to their share of the total liquidity. So AMMs make market making more accessible.</mark>
{% endtab %}
{% endtabs %}

***

### 💳 LP Tokens

{% tabs %}
{% tab title="In a nutshell" %}

* When you deposit, you get an **LP token** — your proof of ownership
* LP tokens let AMMs be **non-custodial**
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$info;">When funds are deposited into a liquidity pool, the AMM automatically generates a new token that represents the share the depositor owns of that pool. This is called a liquidity provider (LP) token, and it is the receipt (proof) that you have deposited liquidity and you own a share of that pool. LP tokens allow AMMs to be non-custodial, meaning they do not hold on to your tokens, but instead operate via automated functions that promote decentralization and fairness.</mark>
{% endtab %}
{% endtabs %}

***

### 🧠 Key Things to Know

{% tabs %}
{% tab title="In a nutshell" %}

* You’re **not locking assets** — you're exchanging them for **LP shares**
* Like buying **mutual fund shares**
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$info;">When you deposit to a pool, you are not locking the assets you are providing. You are essentially selling them for a share of the liquidity pool. When you buy a share of a mutual fund, you don’t lock in USD for a mutual fund share. You buy shares of a mutual fund. In either case you are buying shares (LP Tokens) of a liquidity pool.</mark>&#x20;
{% endtab %}
{% endtabs %}

***

### 👍 Advantages of AMMs

{% tabs %}
{% tab title="In a nutshell" %}

* **Always Open:** 24/7 liquidity
* **Lower Entry Barriers:** No need to place complex orders
* **Decentralized:** No middlemen
* **Rewards:** LPs earn fees
* **Predictable Fees:** Easier cost estimation
  {% endtab %}

{% tab title="Extensive" %}

* Always Open for Business: Liquidity pools are available 24/7, making it possible for users to trade at any time, even during periods of low trading activity.
* Lower Entry Barriers: AMMs are often more user-friendly than traditional order book exchanges. Users don't need to place specific buy or sell orders. They simply swap one asset for another at the current price.
* Decentralization: AMMs operate without middlemen, which aligns with the principles of blockchain technology.
* Liquidity Provision Rewards: Users who provide liquidity to these pools earn a portion of the trading fees. This provides a financial incentive for liquidity providers.
* Predictable Fees: AMMs often feature predictable fee structures, making it easier for traders to understand their costs.
  {% endtab %}
  {% endtabs %}

***

### ⚠️ Impermanent Loss (IL)

{% tabs %}
{% tab title="In a nutshell" %}
What is IL?

* Happens when **asset prices change** after you’ve deposited them
* Your LP value may be **less than if you held the assets separately**

> 📉 IL becomes real **only when you withdraw** your assets

* Small price change = **Low IL (<2%)**

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FXDmUNS2HHxtNBssBitz6%2FGraph%201.png?alt=media&amp;token=c9f81485-939f-48e4-ac36-4eb8511de5f8" alt=""><figcaption></figcaption></figure>

* Large price swings (200–600%) = **Still manageable IL**

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F1hkI8E1m4fCXm2QgiMgN%2FGraph%202.png?alt=media&amp;token=36e62c6e-7b06-447e-8d08-a841a39f0897" alt=""><figcaption></figcaption></figure>

> ✅ IL is an **opportunity cost**, not a total loss

#### How to Reduce IL Risk

* Provide **correlated pairs** (e.g. XRP/XLM or USD/EUR)
* Stablecoin pools = **Minimal IL**
* Focus on **fee income**, not speculation

> ⚙️ The **XRPL AMM’s Continuous Auction** feature helps offset IL
> {% endtab %}

{% tab title="Extensive" %}
Impermanent loss occurs when the prices of the assets in the pool change compared to when they were initially provided. It’s the result of token rebalancing by the AMM as prices of the tokens in an LP position diverge from their starting ratio to each other. Liquidity providers may find themselves with fewer assets than if they had held them outside the pool.

Ιmpermanent loss isn’t actually a great term. It’s called impermanent loss because the losses only become realized once you withdraw your tokens from the liquidity pool. At that point, however, the losses very much become permanent. The fees you earn may be able to compensate for those losses, but it’s still a slightly misleading name. Impermanent loss is basically opportunity cost on what would happen if you just held the assets in your wallet instead of adding them to the liquidity pool.

Fees can make up for it. The more people trade in your pool, the more fees you earn.

Small price changes = Small Impermanent Loss. If the tokens stay within 50% of their original price ratio, IL is usually less than 2%.

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FvXQiNfLQY3lZWXcqdbWn%2FGraph%201.png?alt=media&amp;token=9927de75-ff0f-40e3-b4dc-c7453a9befb2" alt=""><figcaption></figcaption></figure>

Most fear a breakout of the assets they provide, but even in the unfavorable scenario of a breakout happening in a short time, the IL is not as big as imagined even if the assets go up by 200-600%.

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2F2WB8u4KnrqUcRWgx12CU%2FGraph%202.png?alt=media&amp;token=41f36cd1-05cc-4594-8d96-c3a716116440" alt=""><figcaption></figcaption></figure>

In other words, IL is actually not a big factor in the short-term, or even medium-term with less volatile tokens. It’s something to be aware of, but not necessarily something to be feared.

**How to Reduce Risk**

Impermanent loss is not something to be afraid of and can be mitigated by fees earned. Your goal as a LP should be to provide assets you don't intend to hold, but use specifically on the AMM to earn income from the fees and trading activity.

It's also very important to note that not all pools are created equal, and not all pools have the same IL risk. In the case your provide liquidity into a stablecoin pair such as USD/EUR there is usually 0 to minimal IL. Same if you provide liquidity to 2 crypto assets with high correlation such as XRP/XLM.

Providing liquidity to an XRP/stablecoin pair gives you less exposure to XRP's upside, but also less exposure to XRP's downside.

The XRPL AMM's novel Continuous Auction mechanism will compensate LPs through the distribution of winning bid amounts for each AMM pool, mitigating, even further, impermanent loss exposure.

Overall, impermanent loss is not something that should keep you away from participating in the AMM as a liquidity provider. But keep in this mind, this is not a risk-free procedure.&#x20;
{% endtab %}
{% endtabs %}

***

## 🧬 XRPL’s Super DEX (XLS-30)

<mark style="color:$info;">**XRPL’s super DEX comes with several unique features that set it apart in the world of AMMs:**</mark>

{% tabs %}
{% tab title="In a nutshell" %}

#### 🗳️ Fee Voting

* LPs **vote** on pool fees

#### 🔄 Continuous Auction Mechanism

* Auctions trading advantages to **offset impermanent loss**
* LPs earn from **winning bids**

#### 🔁 Two-Way Interoperability

* Seamless access to both:
  * **AMM-based liquidity**
  * **Order Book DEX (CLOB)**
    {% endtab %}

{% tab title="Extensive" %}

* **Fee Voting**: <mark style="color:$info;">Unlike AMMs and platforms with fixed trading fees, XLS-30 allows liquidity providers to vote on the trading fees of the pool they are participating in. This democratic approach ensures that fees align with the interests of the community.</mark>
* **Continuous Auction Mechanism**: <mark style="color:$info;">To address impermanent loss and enhance liquidity provider rewards, XLS-30 introduces a continuous auction mechanism. Impermanent loss is a common concern for liquidity providers in AMMs as discussed in the previous lessons. XLS-30's continuous auction mechanism directly addresses this issue. It auctions off trading advantages for a 24-hour slot with zero trading fees. By participating in these auctions, liquidity providers can effectively minimize their exposure to impermanent loss by offering their assets for trading advantages. This innovation aligns the interests of liquidity providers and traders.</mark>
* **Two-Way Interoperability**: <mark style="color:$info;">One of the standout features of XLS-30 is its seamless interoperability. It allows for the coexistence of AMM-based trading with the existing Central Limit Order Book (CLOB) DEX. This means that users can access both liquidity sources, benefiting from competitive pricing and a wider selection of assets.</mark>
  {% endtab %}
  {% endtabs %}

### 🌟 Benefits

<mark style="color:$info;">The XRPL's AMM benefits both liquidity providers and traders in many ways:</mark>

{% tabs %}
{% tab title="In a nutshell" %}

* LPs: Predictable rewards, auction income, IL protection
* Traders: Deep liquidity, wide trading pairs, seamless UX
  {% endtab %}

{% tab title="Extensive" %}
Liquidity Providers: These are users who contribute their assets to liquidity pools. In return, they receive LP tokens representing their share of the pool. With XLS-30, liquidity providers enjoy an array of benefits, including predictable fee voting, the continuous auction mechanism, and protection against impermanent loss.

Traders: Traders on the XRP Ledger benefit from improved liquidity thanks to the AMM-based system. They can swap assets seamlessly and access a wide range of trading pairs without having to worry about the current liquidity and depth like in the CLOB-based DEX.
{% endtab %}
{% endtabs %}

{% hint style="info" %}
Use XRPL’s AMM DEX 👉 <https://dex.anodos.finance>
{% endhint %}

***

### 🪙 Liquidity Provision ≠ Staking

{% tabs %}
{% tab title="In a nutshell" %}

* No "staking" or passive earning with XRP
* You’re providing liquidity, **not locking** assets
* You get paid **fees from trader activity**

{% hint style="info" %}
Example: $100 trade with 1% fee → $1 goes to the pool
{% endhint %}
{% endtab %}

{% tab title="Extensive" %} <mark style="color:$info;">It's very important to mention that there is no staking or earning with your XRP. You give assets to the AMM so others can trade them and you get paid a fee for that. The income comes from the trading fee that traders pay. If someone swaps $100 worth of assets and the fee in that pool is 1% then the trader pays $1 which goes to the pool and is distributed to LPs based on the share of the pool they own.</mark>
{% endtab %}
{% endtabs %}

***

### 💰 Single-Sided Liquidity

{% tabs %}
{% tab title="In a nutshell" %}

* You can deposit **just one asset**
* No conversion needed
* ⚠️ Can cause price slippage if pool is small
  {% endtab %}

{% tab title="Extensive" %} <mark style="color:$info;">When you deposit single-sided liquidity there isn’t actually a swap or conversion involved. Only one asset is actually added to the pool which changes the asset ratio. Something that can be dangerous when pool's liquidity is low because it will cause big differences in prices and the share you receive.</mark>
{% endtab %}
{% endtabs %}

***

## 💬 Final Thoughts

The XRPL's AMM basically allows you to earn yield from market making, volatility, and the continuous auction mechanism.

Many decentralized exchanges have emerged over the years, each iterating on previous attempts to streamline the user experience and build more powerful trading venues. Ultimately, the idea seems heavily aligned with the ethos of self-sovereignty: users don’t need to trust a third party. Even though both centralized and decentralized crypto ecosystems work hand in hand, the paradigm is gradually shifting in favor of DEXs, with more people realizing the value of decentralization.

{% hint style="info" %}
🧭 The future is decentralized — and the XRPL is leading the way.
{% endhint %}

{% hint style="success" %}
**Use the XRPL’s super DEX with ANODEX:** [<mark style="color:blue;">https://dex.anodos.finance</mark>](https://dex.anodos.finance/)
{% endhint %}


# Security Guide

<mark style="color:$info;">As crypto adoption grows,</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**cybercriminals**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">become more active — using phishing, malware, and impersonation to steal your assets.</mark>

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FKZimBiC9kNqdsZa62Nk6%2FSecurity%20Guide%20%E2%80%93%20How%20to%20protect%20your%20digital%20assets.png?alt=media&amp;token=a6abc9ee-650b-4066-9242-55b22a8e24b5" alt=""><figcaption></figcaption></figure>

<mark style="color:$info;">To secure your crypto, you must consider</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**multiple attack vectors**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">and implement strong practices across three layers of security:</mark>

## 🔐 <mark style="color:$info;">Three layers of security</mark>

### 🧱 1. Network Layer

* Are your **private keys cryptographically secure**?
* Is the **blockchain safe** from attacks (e.g. 51%)?

***

### 🧩 2. Application Layer

* Do you use **trusted apps or exchanges**?
* How are your funds stored?
* Is your **account login secured** with strong passwords and 2FA?

***

### 🌐 3. Real-World Layer

* Are your devices **encrypted and secure**?
* Is your 2FA setup safe?
* Have you set up **inheritance or recovery** instructions in case of death?

{% hint style="info" %}
Your **#1 job** as a crypto holder: **Protect your funds.** Self-custody and cold storage are key.
{% endhint %}

***

## 🚨 Common Mistakes That Lead to Loss

* <mark style="color:$info;">Reusing weak passwords</mark>
* <mark style="color:$info;">Skipping 2FA</mark>
* <mark style="color:$info;">Sharing or exposing</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**private keys**</mark>
* <mark style="color:$info;">Saving keys or passwords online</mark>

***

## 📧 Email Security for Crypto

#### 🔑 Why Email Is Important

<mark style="color:$info;">Your email is the</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**gateway**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">to all your crypto accounts. It must be locked down.</mark>

#### ✅ Best Practices:

* <mark style="color:$info;">Use trusted providers: Gmail, Outlook, Protonmail</mark>
* <mark style="color:$info;">**Always enable 2FA**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">on your email</mark>
* <mark style="color:$info;">Create a</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**separate crypto-only email**</mark>
* <mark style="color:$info;">Be wary of</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**phishing emails**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">that try to scare or trick you</mark>

#### ⚡ Quick Tips:

* <mark style="color:$info;">Never trust email links</mark>
* <mark style="color:$info;">Double-check the domain of login pages</mark>
* <mark style="color:$info;">Use anti-phishing banners if your exchange offers one</mark>
* <mark style="color:$info;">Visit</mark> [<mark style="color:$info;">haveibeenpwned.com</mark>](https://haveibeenpwned.com) <mark style="color:$info;">to check for data breaches</mark>

***

## 🔐 Two-Factor Authentication (2FA)

#### 📲 What You Need to Know:

* <mark style="color:$info;">Enable 2FA</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**everywhere**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">(email, exchange, wallet, social media)</mark>
* <mark style="color:$info;">Use</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**authentication apps**</mark><mark style="color:$info;">, NOT SMS (SMS is vulnerable to SIM swaps)</mark>

#### 🛡️ Backup Codes:

* <mark style="color:$info;">Store them</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**offline and securely**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">- like your recovery phrase</mark>
* <mark style="color:$info;">NEVER screenshot QR codes or save them online</mark>

***

## 💼 Crypto Wallet Safety

#### ✅ Best Practices:

* <mark style="color:$info;">**Don’t store large amounts**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">on exchanges</mark>
* <mark style="color:$info;">Use</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**hardware wallets**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">(cold wallets) for long-term storage</mark>
* <mark style="color:$info;">**Verify all details**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">on your wallet screen before confirming</mark>
* <mark style="color:$info;">Be cautious of malware that swaps addresses —</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**double check recipient address**</mark>

***

## 🔑 Private Keys: The Most Important Thing

* <mark style="color:$info;">Write down your keys on</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**paper or metal backups**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">(fire/waterproof)</mark>
* <mark style="color:$info;">NEVER save private keys:</mark>
  * <mark style="color:$info;">Online</mark>
  * <mark style="color:$info;">In your phone</mark>
  * <mark style="color:$info;">On cloud services</mark>
* <mark style="color:$info;">Don’t share keys with</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**anyone**</mark>
* <mark style="color:$info;">Beware of</mark> <mark style="color:$info;"></mark><mark style="color:$info;">**giveaway scams**</mark> <mark style="color:$info;"></mark><mark style="color:$info;">asking for keys</mark>

{% hint style="warning" %}
&#x20;<mark style="color:$warning;">If someone asks for your private key — it's a scam. No exceptions.</mark>
{% endhint %}

***

## 🧠 Final Thoughts

> Hacks are **rare** — most losses are due to **user error**, phishing, or negligence.

Remember:

* Cold wallets are **unhackable** unless **you give away** your private keys
* Security is not a chore — it's your opportunity to have peace of mind

{% hint style="success" %}
&#x20;Think critically. Stay informed. Protect your future.
{% endhint %}

***


# Official Links

{% hint style="warning" %} <mark style="color:$warning;">These are our only official pages.</mark>
{% endhint %}

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th><th data-hidden data-card-cover data-type="image"></th></tr></thead><tbody><tr><td><h4>Website</h4></td><td><mark style="color:$info;">Official Anodos website</mark></td><td><a href="https://anodos.finance/">https://anodos.finance/</a></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FgI9N69NaZmDGy2XuradG%2FWebsite.png?alt=media&amp;token=536c99d6-bf49-4f3a-8e80-3a32a103ac97">Website.png</a></td></tr><tr><td><h4>X</h4></td><td><mark style="color:$info;">Real-time updates, thoughts, and announcements</mark></td><td><a href="https://x.com/AnodosFinance">https://x.com/AnodosFinance</a></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FQxe6qMLaD2FLIKfJrBF3%2FX.png?alt=media&amp;token=c27b623f-ded8-4ca8-aa71-d0857349b797">X.png</a></td></tr><tr><td><h4>Discord</h4></td><td><mark style="color:$info;">Community chat, support, and Anodos discussions</mark></td><td><a href="https://dsc.gg/anodos">https://dsc.gg/anodos</a></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FNTqbIqUme0mBGIi6cyLc%2FDiscord.png?alt=media&amp;token=2364717b-a527-4259-9436-235d403bcb05">Discord.png</a></td></tr><tr><td><h4>Linkedin</h4></td><td><mark style="color:$info;">Business news and partnerships</mark></td><td><a href="https://www.linkedin.com/company/anodosfinance">https://www.linkedin.com/company/anodosfinance</a></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FtmzBZWHYIMrdgDDNbyyc%2FLinkedin.png?alt=media&amp;token=4627abde-2628-405a-902c-61e81a741dd4">Linkedin.png</a></td></tr><tr><td><h4>Facebook</h4></td><td>Updates and community content on Facebook</td><td><a href="https://www.facebook.com/anodosfinance">https://www.facebook.com/anodosfinance</a></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FIHc5eJLMtJnHN3zgtz8v%2FFacebook.png?alt=media&amp;token=93e62d6f-e7fc-428b-abc2-5dfda5abe1e7">Facebook.png</a></td></tr><tr><td><h4>YouTube</h4></td><td>Updates and community content on YouTube</td><td><a href="https://www.youtube.com/@AnodosFinance">https://www.youtube.com/@AnodosFinance</a></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FfeSKeVep6wErgClI9zIY%2FYouTube.png?alt=media&amp;token=ee92164f-32e3-4a8f-a33b-2c50eec9c013">YouTube.png</a></td></tr><tr><td><h4>Instagram</h4></td><td>Updates and community content on Instagram</td><td><a href="https://www.instagram.com/anodos_finance/">https://www.instagram.com/anodos_finance/</a></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FQuwpCiI0RpxFYLWThmIn%2FInsta.png?alt=media&amp;token=a9095ea8-eaae-4a29-a8e4-740d92844206">Insta.png</a></td></tr><tr><td><h4>TikTok</h4></td><td>Updates and community content on TikTok</td><td><a href="https://www.tiktok.com/@anodos_finance">https://www.tiktok.com/@anodos_finance</a></td><td><a href="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FO5lX6Tod7pLpl9DuyPJH%2FTikTok.png?alt=media&amp;token=557fb3d1-89b3-4414-aaf5-4e5af8286cfe">TikTok.png</a></td></tr></tbody></table>


# Media Kit

<mark style="color:$primary;">Anodos has a flexible logo system suitable for various branding, marketing, and product use cases. Below are the officially approved logo formats.</mark>

## 🔷 Horizontal

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FY2jQ2DJjOvyDq3EA6WOA%2FLogos.png?alt=media&amp;token=ed4de6d5-e38c-4f02-8bcf-857909f2730a" alt=""><figcaption></figcaption></figure>

{% file src="/files/CFDyXK4Q4HQi68eOEQHS" %}

{% file src="/files/QnKDXhx7xTIwM2eMOyKX" %}

{% file src="/files/D2nyXfaUodwTcZKTLwPY" %}

***

## 🔷 Square

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2FvNvztD6nN7qRRbxIKMnq%2FSquare.png?alt=media&amp;token=a49e972c-2108-478c-b184-60f02394bef6" alt=""><figcaption></figcaption></figure>

{% file src="/files/j0foq0HHYHZPCv2sJR61" %}

{% file src="/files/zTk68hEe4nLBNacSUaV5" %}

{% file src="/files/H4SDCPUqZ4ZCcDq6nkiQ" %}

***

## 🔷 Symbol

<figure><img src="https://2773531205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwPYQpCxrPJoaRvqUIVza%2Fuploads%2Fy3L2yAd4YDYlvqTsnTNR%2FSymbol.png?alt=media&amp;token=18edf01c-cd68-454e-ae90-3010ce2715a1" alt=""><figcaption></figcaption></figure>

{% file src="/files/K92mBLuLENX0QZRmvz8K" %}

{% file src="/files/vzLjJEMME0I87tXScMZM" %}

{% file src="/files/pIIeNvJY9peGLA06mIRa" %}

{% hint style="warning" %} <mark style="color:$warning;">Please do not edit, distort, or recolor the logo. Always use the official files provided.</mark>
{% endhint %}

***

## 🔷 Brand Book

{% file src="/files/14bTGqvTVsBfK9zA6y0q" %}


# Anodos Legal Terms

The following documents outline the applicable terms associated to products offered by Anodos Labs Inc.

| Anodos General Terms                                                                |
| ----------------------------------------------------------------------------------- |
| [Anodos App Terms of Use](/legal/anodos-app-terms-of-use)                           |
| [Anodos App Privacy Policy](/legal/anodos-app-privacy-policy)                       |
| [Customer Fees Schedule](/legal/customer-fees-schedule)                             |
| [Country Availability & Restrictions](/legal/country-availability-and-restrictions) |

| Anodos Card Terms                                                                                                   |
| ------------------------------------------------------------------------------------------------------------------- |
| [Anodos Card Terms for U.S. Consumer Program](/legal/anodos-card-terms-for-u.s.-consumer-program)                   |
| [Anodos Card Terms for International Consumer Program](/legal/anodos-card-terms-for-international-consumer-program) |

| Virtual Account Terms                                 |
| ----------------------------------------------------- |
| [Virtual Account Terms](/legal/virtual-account-terms) |

| Exchange / Invest / Earn Terms                                    |
| ----------------------------------------------------------------- |
| [Exchange, Invest, Earn Terms](/legal/exchange-invest-earn-terms) |
| [Investing Risk Disclosures](/legal/investing-risk-disclosures)   |
| [Earn Risk Disclosures](/legal/earn-risk-disclosures)             |


# Anodos App Terms of Use

Last updated: September 20, 2026

## 1. Introduction

These Terms of Use (the “Terms”) govern your access to and use of the websites, mobile applications, software, interfaces, account dashboards, support channels, and related services made available by Anodos Labs Inc. (“Anodos,” “we,” “us,” or “our”) (collectively, the “Services”).

By creating an account, connecting a wallet, requesting a card, initiating a transaction, selecting “I agree,” or otherwise accessing or using the Services, you agree to be bound by these Terms and any supplemental terms that apply to a specific feature or product. If you do not agree, you may not use the Services.

## 2. Anodos’ Role

Anodos provides a non-custodial software interface and technology layer that enables users to access certain digital asset, payment, card, virtual account, transfer, routing, and related services made available by Anodos and third-party service providers. Anodos is not a bank, card issuer, custodian, broker-dealer, investment adviser, creditor, lender, or money services business, and does not itself provide regulated banking, card issuing, custody, money transmission, lending, broker-dealer, investment advisory, or exchange services.

Banking-like services, card issuing and processing, virtual accounts, fiat payment rails, identity verification, sanctions screening, on-ramp and off-ramp services, and other regulated or partner-operated services are provided by independent third-party providers, financial institutions, issuers, processors, or other regulated entities, where available. Your use of those services may be subject to additional provider terms, eligibility criteria, compliance review, fees, limits, and jurisdictional restrictions.

## 3. Non-Custodial Nature of the Services

Unless a specific third-party provider expressly states otherwise in its own terms, the Services are designed so that Anodos does not take custody of your digital assets or fiat funds, does not hold your private keys, and does not have unilateral authority to transfer assets from your self-custodial wallet. You remain responsible for reviewing and authorizing transactions through the applicable wallet, passkey, biometric, device, or other authorization method.

Anodos may provide transaction information, routing options, account interfaces, risk controls, and access to third‑party services, but Anodos does not manage your assets for you and does not make discretionary decisions on your behalf. You are responsible for safeguarding your device, wallet, passkeys, passwords, recovery methods, and authentication credentials. Because your wallet is self‑custodial, Anodos does not have access to your private keys or recovery materials and will not be able to recover assets in your self‑custodial wallet if you lose access to your wallet or your recovery method.

Anodos does not have custody of your self‑custodial wallet assets and cannot freeze, seize, reverse, or transfer digital assets held in your self‑custodial wallet.

## 4. Eligibility and Compliance

* You must be at least 18 years old, or the age of majority in your jurisdiction, and legally capable of entering into these Terms.
* You may use the Services only where they are supported and lawful.
* You must not be subject to sanctions or otherwise prohibited from using the Services under applicable law.
* You must provide accurate, current, and complete information when required, and promptly update it if it changes.
* You must complete any identity, fraud, sanctions, residency, source-of-funds, or other compliance checks required by Anodos or its third-party providers.

## 5. Third-Party Providers and Partner Services

Certain features are provided, operated, processed, or made available by third-party providers. These may include card issuers, card processors, payment rail providers, virtual account providers, identity verification providers, sanctions screening providers, blockchain infrastructure providers, wallet infrastructure providers, on-ramp and off-ramp providers, stablecoin issuers, liquidity providers, swap and bridge routing providers, and other service providers.

Third-party providers may approve, decline, limit, reverse, delay, suspend, or terminate services independently of Anodos. Anodos is not responsible for a third-party provider’s separate compliance decisions, service availability, fees, limits, regulatory obligations, network rules, or terms, except to the extent required by law or expressly stated in a written agreement.

## 6. Fees, Plans, and Pricing

Fees, limits, and benefits may vary by plan, jurisdiction, rail, asset, transaction type, provider, card tier, network conditions, and applicable taxes. Where required, applicable fees will be disclosed before you confirm a transaction. Anodos may modify fees, plans, benefits, and limits in accordance with these Terms and applicable law.

| Category                          | Financial Freedom                | Empower Pro                       | Sovereign Elite                           |
| --------------------------------- | -------------------------------- | --------------------------------- | ----------------------------------------- |
| Subscription                      | $0                               | $9.99/month or $99.90/year        | $29.99/month or $299.90/year              |
| Card FX / international spend fee | 1.50%                            | 1.25%                             | 1.00%                                     |
| Exchange fee                      | 1.00%                            | 0.75%                             | 0.50%                                     |
| ATM withdrawal fee                | $1 + 1.75%, up to $5,000 monthly | $1 + 1.00%, up to $15,000 monthly | $1 + 0.75%, unlimited subject to controls |
| Extra virtual card                | $20/card                         | $10/card                          | $10/card                                  |
| Extra virtual account             | $20/account                      | $10/account                       | $10/account                               |

<br>

## 7. Cards, Virtual Accounts, and Payment Services

Cards, virtual accounts, bank transfer rails, payment processing, and related financial services are provided by third-party providers and issuing institutions. Anodos provides the app interface and related technology services. You must comply with applicable card terms, issuer terms, payment rail rules, provider terms, card network rules, transaction limits, and compliance requirements. Transactions may be declined, delayed, reversed, limited, or blocked for fraud, compliance, merchant category, network, partner, jurisdictional, or technical reasons.\ <br>

## 8. Digital Assets, Stablecoins, Swaps, Bridges, and Yield

Digital assets, stablecoins, swaps, bridges, and yield-related features involve significant risk. Digital assets are not legal tender, may not be deposits, may not be insured by deposit insurance schemes, and may lose value. Stablecoins may depeg, become illiquid, be frozen by their issuers, or become unavailable. Blockchain transactions may be irreversible and publicly visible. Smart contracts, bridges, or protocols may fail or be exploited. Any yield, reward, cashback, referral revenue share, partner perk, or APY is subject to eligibility, availability, provider terms, market conditions, and change.

The Services do not constitute investment, legal, tax, accounting, or financial advice. You are responsible for your own decisions and should consult qualified advisers where appropriate.

## 9. Prohibited Use

* Illegal activity, fraud, scams, money laundering, terrorist financing, sanctions evasion, or market manipulation.
* Use involving prohibited goods or services, including illegal drugs, weapons, exploitative content, ransomware, darknet markets, counterfeit goods, or other prohibited merchant categories.
* Circumventing sanctions, compliance controls, geoblocking, transaction limits, security measures, or provider rules.
* Using another person’s account, identity, wallet, card, or credentials without authorization.
* Interfering with, reverse engineering, attacking, scraping, or abusing the Services.

## 10. App License

Subject to your compliance with these Terms, Anodos grants you a limited, revocable, non-exclusive, non-transferable, non-sublicensable license to download, install, access, and use the Anodos app and related software solely for your personal, lawful use. You may not copy, modify, distribute, sell, lease, sublicense, reverse engineer, or create derivative works from the app or software except as permitted by applicable law.

## 11. Google Play and App Store Terms

If you obtain the app through Google Play, Apple App Store, or another distribution platform, your use of that platform is subject to the platform’s own terms and policies. These Terms govern your relationship with Anodos for the Services.

## 12. Privacy

Our Privacy Policy, available at <https://docs.anodos.finance/legal/anodos-app-privacy-policy>, explains how information is collected, used, shared, retained, and protected in connection with the Services.

## 13. Availability and Changes

The Services may be unavailable, delayed, interrupted, limited, or modified due to maintenance, provider availability, blockchain conditions, network congestion, compliance requirements, risk controls, legal requirements, or events outside our control. We may add, change, suspend, or discontinue features, supported assets, jurisdictions, providers, plans, or fees.

## 14. Disclaimers

The Services are provided “as is” and “as available.” To the maximum extent permitted by law, Anodos disclaims all warranties, whether express, implied, statutory, or otherwise, including warranties of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, availability, uninterrupted operation, and error-free performance. Anodos does not guarantee that any transaction, route, card, virtual account, partner service, digital asset, stablecoin, yield, reward, or feature will be available, successful, uninterrupted, or error-free.

## 15. Limitation of Liability

To the maximum extent permitted by law, Anodos will not be liable for indirect, incidental, consequential, special, exemplary, punitive, or similar damages, including lost profits, lost revenue, lost assets, lost data, loss of goodwill, or business interruption. Anodos’ total liability for claims arising out of or relating to the Services will not exceed the greater of $100 or the fees you paid to Anodos for the Services in the 12 months before the event giving rise to the claim, except where applicable law requires otherwise.

## 16. Indemnity

You agree to indemnify and hold harmless Anodos, its affiliates, officers, directors, employees, contractors, partners, and service providers from claims, losses, damages, liabilities, costs, and expenses arising out of or relating to your breach of these Terms, misuse of the Services, violation of law, violation of third-party rights, or unauthorized use of your account, wallet, credentials, or device.

## 17. Suspension and Termination

We may pause, limit, or terminate your access to all or part of the Services if we reasonably believe you have violated these Terms or if your use of the Services presents legal, compliance, sanctions, fraud, security, or operational risk, or if required by a third‑party provider, card network, regulator, court, law enforcement authority, or applicable law. Where legally permitted and reasonably practical, we may provide notice and an opportunity to request review, but we may take action without notice if necessary for compliance, security, or risk management.

Certain features of the Services are provided through licensed or regulated third‑party partners (for example, card programs, virtual accounts/IBANs, fiat payment rails, identity verification, sanctions screening, on‑ramp/off‑ramp services, and similar “regulated services”). Those regulated/partner services may be unavailable, limited, paused, declined, delayed, or discontinued to comply with applicable law, sanctions requirements, fraud prevention, security measures, legal/regulatory requests, or partner program rules. We and/or our partners may require additional verification or information before enabling or re‑enabling access to these regulated/partner services.

Any action under this section applies only to access to the Services and partner rails. Anodos does not have custody of, and cannot freeze, seize, reverse, or transfer, digital assets held in your self‑custodial wallet. You retain custody and control at all times through your wallet keys, including the ability to export and use them in other compatible wallets.

## 18. Governing Law and Disputes

These Terms are governed by the laws of the State of Wyoming, without regard to conflict-of-law rules, unless a product-specific agreement provides otherwise. Card terms, issuer terms, or partner terms may contain separate governing law, venue, arbitration, and dispute provisions.

## 19. Contact

Questions about these Terms may be sent to <support@anodos.finance>. Card, billing, dispute, or regulatory notices must be delivered in the manner required by the applicable product-specific agreement.


# Anodos App Privacy Policy

Last updated: August 25, 2026

## 1. Scope

This Privacy Policy explains how Anodos Labs Inc. (“Anodos,” “we,” “us,” or “our”) collects, uses, discloses, retains, and protects information in connection with the Anodos website, mobile application, software, interfaces, account dashboards, support channels, and related services (collectively, the “Services”).

Anodos is designed around data minimization and self-custody. We do not sell personal data to data brokers or advertisers. We use information to operate and secure the Services, support users, comply with applicable law, prevent fraud and abuse, and make partner-provided services available where requested by the user.

## 2. Controller and Provider Roles

Anodos may act as a controller of information that it collects directly for account administration, app functionality, support, security, fraud prevention, compliance coordination, and product operations. Third-party providers may separately act as controllers or processors of information they collect directly to provide identity verification, sanctions screening, card issuing, payment processing, virtual accounts, on-ramp/off-ramp services, wallet infrastructure, or other services.

Where a third-party provider collects identity verification, KYC, AML, sanctions, payment, or regulated-service information directly from you, that provider is responsible for its own collection, use, retention, and disclosure of that information under its own terms and privacy notices. Anodos may receive limited information from those providers, such as verification status, risk or eligibility outcomes, account identifiers, transaction references, support information, or information required to operate the Services, prevent fraud, resolve disputes, or comply with law. Anodos does not seek to collect or store more KYC, AML, or identity documentation than is necessary for those purposes.

## 3. Information We Collect or Receive

| Category                                | Examples                                                                                                                                                       | Source / purpose                                                                                                                                                                            |
| --------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Account and contact information         | Name, email address, phone number, country, account settings                                                                                                   | Collected from you to create and operate your account, authenticate you, and provide support.                                                                                               |
| Verification and compliance information | Verification status, eligibility outcome, sanctions or fraud review status, provider reference IDs, limited identity information where necessary               | Typically collected directly by verification or regulated partners. Anodos may receive limited status or reference information to operate the Services, prevent fraud, and comply with law. |
| Transaction and service information     | Transaction history shown in the app, card activity references, transfer status, fees, receipts, virtual account status, provider account references           | Collected or received from your use of the Services and partner integrations to display activity, provide support, resolve disputes, and satisfy legal or operational requirements.         |
| Wallet and blockchain information       | Wallet addresses, transaction hashes, network, asset, amount, smart-contract interactions, public blockchain activity associated with your use of the Services | Collected from you, your wallet, public blockchains, or infrastructure providers to provide non-custodial interface functionality, routing, records, security, and support.                 |
| Device, usage, and security information | IP address, device type, operating system, app version, crash logs, security events, approximate location inferred from IP, analytics events                   | Collected automatically to secure, debug, improve, and operate the Services.                                                                                                                |
| Communications                          | Support messages, emails, forms, complaints, call recordings where disclosed                                                                                   | Collected from communications with us to provide support, resolve issues, and maintain records.                                                                                             |
| Marketing preferences                   | Communication preferences, opt-in or opt-out status                                                                                                            | Collected from you to send permitted communications and honor choices.                                                                                                                      |

<br>

## 4. How We Use Information

* Provide, operate, maintain, secure, and improve the Services.
* Create accounts, authenticate users, provide customer support, and send service communications.
* Coordinate with third-party providers to make requested card, payment, virtual account, transfer, wallet, on-ramp, off-ramp, routing, and other services available.
* Conduct or support fraud prevention, abuse prevention, sanctions screening, KYC/AML coordination, transaction monitoring, risk controls, dispute handling, and legal compliance.
* Provide transaction history, receipts, fee disclosures, support, and account notifications.
* Comply with applicable law, legal process, regulatory obligations, partner obligations, and valid requests from authorities.
* Protect the rights, property, safety, and security of Anodos, users, partners, and the Services.

## 5. KYC, AML, and Partner-Collected Information

For regulated features, identity verification, KYC, AML, sanctions screening, card issuing, virtual accounts, fiat rails, on-ramp/off-ramp services, and similar services may be performed by third-party providers. Those providers may collect identity documents, selfies, liveness data, date of birth, address, nationality, source-of-funds information, transaction information, and other information required by law or their compliance programs. Where possible, Anodos uses provider-hosted or provider-managed flows so that sensitive verification information is collected and retained by the relevant provider rather than by Anodos.

Anodos may receive and retain limited verification, compliance, risk, account, or transaction information when necessary to enable the Services, enforce terms, prevent fraud, respond to support requests, maintain records, or comply with law. Anodos does not use KYC or AML information for unrelated advertising, does not sell such information, and does not seek to build unnecessary user surveillance or behavioral profiles.

## 6. Self-Custody and Public Blockchain Information

Anodos does not custody user funds and does not hold user private keys. However, blockchain networks are public or partially public ledgers. Wallet addresses, transaction hashes, asset transfers, smart-contract interactions, and related activity may be publicly visible, permanent, and capable of being associated with you by third parties. Anodos cannot delete, reverse, or modify information recorded on a public blockchain.

## 7. How We Disclose Information

We disclose information only as reasonably necessary for the purposes described in this Privacy Policy. We do not sell personal data to data brokers or advertisers.

| Recipient                                    | Purpose                                                                                                                                                                                                                                      |
| -------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Third-party providers and regulated partners | To provide identity verification, sanctions screening, fraud prevention, card issuing, card processing, virtual accounts, payment rails, on-ramp/off-ramp services, wallet infrastructure, routing, settlement, or other requested services. |
| Service providers                            | Hosting, cloud infrastructure, analytics, security, support, email, error monitoring, document handling, compliance tooling, and other operational services.                                                                                 |
| Professional advisers                        | Legal, compliance, accounting, audit, tax, insurance, and corporate advisory purposes.                                                                                                                                                       |
| Authorities and legal recipients             | Where required or permitted by law, legal process, court order, regulator, law enforcement authority, sanctions authority, tax authority, or to protect rights, safety, and security.                                                        |
| Business transfer recipients                 | In connection with an actual or proposed merger, financing, acquisition, reorganization, or sale of assets, subject to appropriate safeguards.                                                                                               |

<br>

## 8. Google Play and Mobile App Data Practices

For mobile app distribution, Anodos maintains a privacy policy in the app and through a public web link, maintains accurate data safety disclosures, limits collection and sharing of personal and sensitive user data to app functionality and policy-compliant purposes, uses modern cryptography for data in transit, and provides account deletion mechanisms as required by applicable platform policies.

* We do not sell personal and sensitive user data.
* We do not publicly disclose financial information, payment information, or government identification numbers.
* We request device permissions only when needed for a feature and after any required disclosure or consent.
* We require integrated SDKs and service providers to support policy-compliant data handling.
* Users may request account deletion in-app and at <https://anodos.finance/legal/delete-account>.

## 9. Retention

We retain information for as long as reasonably necessary for the purposes described in this Privacy Policy, including to provide the Services, comply with law, prevent fraud, resolve disputes, enforce agreements, maintain security, satisfy tax and accounting obligations, and meet partner or regulatory requirements.

| Data type                                                               | Typical retention approach                                                                                                                                                                                     |
| ----------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Account and contact data                                                | For the life of the account and thereafter as necessary for legal, security, fraud prevention, dispute, or business record purposes.                                                                           |
| Verification, KYC, AML, sanctions, and fraud records received by Anodos | Only to the extent received by Anodos, retained as necessary for legal, regulatory, fraud prevention, dispute, and partner obligations. Regulated providers may retain their own records under their policies. |
| Transaction, card, payment, and financial records                       | Generally retained for periods required or appropriate for AML/CFT, tax, accounting, chargeback, dispute, legal, and partner obligations, often at least five years where applicable.                          |
| Blockchain information                                                  | On-chain records may be permanent and outside Anodos’ ability to delete or modify.                                                                                                                             |
| Support communications                                                  | Retained as needed for support, quality, legal, and dispute purposes.                                                                                                                                          |

<br>

## 10. Account Deletion

You may request deletion of your Anodos account through the app or at <https://anodos.finance/legal/delete-account>. After receiving and verifying a deletion request, Anodos will delete or de-identify information associated with your Anodos account unless retention is required or permitted for legal, regulatory, tax, accounting, fraud prevention, security, dispute, chargeback, partner, or legitimate business purposes. Deleting your Anodos account does not delete records maintained independently by third-party providers under their own legal obligations, nor can it delete or modify information recorded on public blockchains.

## 11. Security

We use administrative, technical, and organizational safeguards designed to protect information, including access controls, encryption in transit, monitoring, and vendor review. No system is perfectly secure. You are responsible for maintaining the security of your device, account credentials, wallet credentials, passkeys, and recovery methods.

## 12. International Transfers

We and our providers may process information in the United States, European Economic Area, United Kingdom, and other jurisdictions. Where required, we use appropriate safeguards for international transfers, such as contractual protections or other lawful transfer mechanisms.

## 13. Your Rights and Choices

Depending on your location, you may have rights to access, correct, delete, export, restrict, or object to certain processing of your information, and to opt out of certain marketing or data sharing. You may also have the right to withdraw consent where processing is based on consent. To exercise rights, contact <support@anodos.finance>. We may verify your identity before responding.

## 14. Children

The Services are not intended for children under 18. We do not knowingly collect personal data from children.

## 15. Changes to this Privacy Policy

We may update this Privacy Policy from time to time. We will post the updated version and update the “Last updated” date. If required by law, we will provide additional notice or request consent.

## 16. Contact

Privacy questions and requests may be sent to <support@anodos.finance>.

<br>


# Customer Fees Schedule

Updated: September 18th 2026

This fee schedule applies to the **Free plan**.

### 1) Cards

#### 1.1 Virtual cards (availability varies by country)

* 1 virtual card: Included for free
* Extra virtual card: $20 per card

#### 1.2 Card FX fee (international spend for non-USD transactions)

* 1.50% of the transaction amount

#### 1.3 ATM withdrawals

* Withdrawal fee: $1 + 1.75% per withdrawal
* Monthly ATM limit: $5,000 per month

### 2) Exchange / swaps (currency conversion, crypto, precious metals)

* Exchange fee: 1.00% of the amount exchanged

### 3) Bank transfers  — pay-ins and payouts

#### 3.1 Virtual bank accounts (availability varies by country)

* 1 bank account: Included for free
* Additional bank accounts: $20 per account (one-time activation fee)

#### 3.1.1 Pricing rules (how we calculate your total)

For supported bank-transfer corridors, your total transfer fee is composed of:

1. **FX spread** (a percentage), plus
2. **Payment fee** (a fixed fee and/or a percentage fee depending on rail), plus
3. Any **fixed fee override** (if specified for that corridor).

#### 3.2 Europe

| **Currency** | **Direction** | **Rail**        | **FX fee** | **Fixed payment fee**  |
| ------------ | ------------- | --------------- | ---------- | ---------------------- |
| EUR          | Pay-in        | SEPA Instant    | 1.00%      | €1 (≤€100), €2 (≥€101) |
| EUR          | Pay-in        | SEPA Credit     | 1.00%      | €1 (≤€100), €2 (≥€101) |
| EUR          | Payout        | SEPA Instant    | 1.00%      | €1 (≤€100), €2 (≥€101) |
| EUR          | Payout        | SEPA Credit     | 1.00%      | €1 (≤€100), €2 (≥€101) |
| GBP          | Pay-in        | Faster Payments | 1.00%      | £1 (≤£100), £2 (≥£101) |
| GBP          | Pay-in        | BACS            | 1.00%      | £1 (≤£100), £2 (≥£101) |
| GBP          | Payout        | Faster Payments | 1.00%      | £1 (≤£100), £2 (≥£101) |
| GBP          | Payout        | BACS            | 1.00%      | £1 (≤£100), £2 (≥£101) |
| DKK          | Payout        | Local wire      | 1.00%      | kr. 10.5               |
| NOK          | Payout        | Local wire      | 1.00%      | kr 23                  |
| PLN          | Payout        | ELIXIR          | 1.00%      | zł 7.5                 |

#### 3.3 Americas

| **Currency** | **Direction** | **Rail**   | **FX fee** | **Fixed payment fee**              |
| ------------ | ------------- | ---------- | ---------- | ---------------------------------- |
| BRL          | Pay-in        | PIX        | 1.00%      | R$ 1.00                            |
| BRL          | Payout        | PIX        | 1.00%      | R$ 1.00                            |
| BOB          | Payout        | Local wire | 1.00%      | BOB15                              |
| CAD          | Payout        | EFT        | 1.00%      | CA$2 (≤CA$1,000), CA$5 (>CA$1,000) |
| CLP          | Payout        | Local wire | 1.00%      | CLP1,650                           |
| COP          | Pay-in        | BRE-B      | 1.00%      | COP $1,000                         |
| COP          | Payout        | Local wire | 1.00%      | COP $4,500                         |
| COP          | Payout        | BRE-B      | 1.00%      | COP $1,000                         |
| CRC          | Payout        | Local wire | 1.00%      | ₡1,400                             |
| DOP          | Payout        | Local wire | 1.00%      | RD$169                             |
| DOP          | Payout        | Billet     | 1.00%      | RD$82                              |
| GTQ          | Payout        | Local wire | 1.00%      | Q28                                |
| GTQ          | Payout        | Tigo Money | 1.00%      | Q30                                |
| HNL          | Payout        | Local wire | 1.00%      | L92                                |
| JMD          | Payout        | Local wire | 1.00%      | J$560                              |
| MXN          | Pay-in        | SPEI       | 1.00%      | Free                               |
| MXN          | Payout        | SPEI       | 1.00%      | MX$4.10                            |
| USD (US)     | Pay-in        | FedWire    | 1.00%      | $20                                |
| USD (US)     | Pay-in        | ACH        | 1.00%      | $1.00                              |
| USD (US)     | Payout        | FedWire    | 1.00%      | $20                                |
| USD (US)     | Payout        | ACH        | 1.00%      | $1.00                              |

#### 3.4 APAC & Middle East

| **Currency** | **Direction** | **Rail**      | **FX fee** | **Fixed payment fee** |
| ------------ | ------------- | ------------- | ---------- | --------------------- |
| AED          | Pay-in        | IPP           | 1.00%      | Free                  |
| AED          | Pay-in        | FTS           | 1.00%      | Free                  |
| AED          | Payout        | IPP           | 1.00%      | Free                  |
| AED          | Payout        | FTS           | 1.00%      | Free                  |
| AUD          | Payout        | Local wire    | 1.00%      | AU$2.10               |
| BDT          | Payout        | Local wire    | 1.00%      | ৳160                  |
| BDT          | Payout        | BKash wallet  | 1.00%      | ৳160                  |
| BDT          | Payout        | Nagad wallet  | 1.00%      | ৳160                  |
| CNY          | Payout        | WeChatPay     | 1.00%      | ¥31 + 0.36%           |
| CNY          | Payout        | AliPay        | 1.00%      | ¥45 + 0.44%           |
| HKD          | Payout        | Local wire    | 1.00%      | HK$25                 |
| INR          | Payout        | UPI / IMPS    | 1.00%      | ₹100                  |
| IDR          | Payout        | BI-FAST       | 1.00%      | Rp20,800              |
| ILS          | Payout        | Local wire    | 1.00%      | ₪9                    |
| JPY          | Payout        | Local wire    | 1.00%      | JP¥850                |
| KRW          | Payout        | Local wire    | 1.00%      | ₩2,180                |
| MYR          | Payout        | RPP / DuitNow | 1.00%      | $1.30                 |
| PHP          | Pay-in        | QR PH         | 1.00%      | ₱10                   |
| PHP          | Payout        | Instapay      | 1.00%      | ₱10                   |
| PHP          | Payout        | Pesonet       | 1.00%      | ₱5                    |
| PKR          | Payout        | Raast         | 1.00%      | ₨368                  |
| SAR          | Payout        | SARIE         | 1.00%      | 16﷼                   |
| THB          | Payout        | PromptPay     | 1.00%      | ฿53                   |
| TRY          | Payout        | Local wire    | 1.00%      | ₺65                   |
| TRY          | Payout        | Papara wallet | 1.00%      | ₺65                   |

#### 3.5 Africa (RFQ corridors)

| **Currency** | **Direction** | **Rail**      | **FX fee**                | **Fixed payment fee** |
| ------------ | ------------- | ------------- | ------------------------- | --------------------- |
| EGP          | Payout        | Local wire    | 1.25% (RFQ / leave as-is) | E£ 200                |
| KES          | Pay-in        | M-Pesa        | RFQ + 0.20%               | KES70 + 0.86%         |
| KES          | Payout        | M-Pesa        | RFQ + 0.20%               | 1.00%                 |
| NGN          | Pay-in        | Bank Transfer | RFQ + 0.20%               | Free                  |
| NGN          | Payout        | Bank Transfer | RFQ + 0.20%               | Free                  |
| RWF          | Pay-in        | Mobile Money  | RFQ + 0.30%               | 2.96%                 |
| RWF          | Payout        | Mobile Money  | RFQ + 0.30%               | 60 RWF + 1.00%        |
| SLE          | Pay-in        | Mobile Money  | RFQ + 0.30%               | 3.16%                 |
| SLE          | Payout        | Mobile Money  | RFQ + 0.30%               | 2.15%                 |
| TZS          | Payout        | Mobile Money  | RFQ + 0.30%               | 1.86%                 |
| UGX          | Pay-in        | Mobile Money  | RFQ + 0.30%               | 2.86%                 |
| UGX          | Payout        | Mobile Money  | RFQ + 0.30%               | 1.00%                 |
| XAF          | Pay-in        | Mobile Money  | RFQ + 0.50%               | 1.61%                 |
| XAF          | Payout        | Mobile Money  | RFQ + 0.50%               | 1.16%                 |
| XOF          | Pay-in        | Mobile Money  | RFQ + 0.30%               | 1.86%                 |
| XOF          | Payout        | Mobile Money  | RFQ + 0.30%               | 2.00%                 |
| ZMW          | Pay-in        | Mobile Money  | RFQ + 0.30%               | 1.86%                 |
| ZMW          | Payout        | Mobile Money  | RFQ + 0.30%               | 1.86%                 |

#### 3.6 Global SWIFT + crypto rails

| **Asset / Currency** | **Direction** | **Rail**       | **FX fee** | **Fixed payment fee** |
| -------------------- | ------------- | -------------- | ---------- | --------------------- |
| USD                  | Pay-in        | SWIFT (Global) | 1.00%      | $25                   |
| USD                  | Payout        | SWIFT (Global) | 1.00%      | $25                   |
| EUR                  | Payout        | SWIFT (Global) | 1.00%      | €20 + 0.10%           |
| GBP                  | Payout        | SWIFT (Global) | 1.00%      | £20 + 0.10%           |

For any corridor not listed above, or where fees depend on RFQ or destination bank, the exact total fee will be shown in-app before you confirm.


# Anodos Card Terms for U.S. Consumer Program

Last Updated: August 31, 2026

\
Anodos  CREDIT CARD ACCOUNT OPENING DISCLOSURES – SET CREDIT LIMIT<br>

<table data-header-hidden><thead><tr><th></th><th></th><th></th></tr></thead><tbody><tr><td colspan="3">INTEREST RATE AND INTEREST CHARGES</td></tr><tr><td>Annual Percentage Rate (APR) for Purchases</td><td colspan="2"><p>0.00% </p><p><br></p></td></tr><tr><td>APR for Balance Transfers</td><td colspan="2"><p>N/A</p><p><br></p></td></tr><tr><td>APR for Cash Advances</td><td colspan="2"><p>N/A</p><p><br></p></td></tr><tr><td>Paying Interest</td><td colspan="2">You will not be charged interest on purchases.  Your due date for payment of amounts owed on your Card is 21 days after the close of each billing cycle. </td></tr><tr><td>Minimum Interest Charge</td><td colspan="2">There is no interest chargeable to this Credit Card.</td></tr><tr><td>For Credit Card Tips from the Consumer Financial Protection Bureau</td><td colspan="2"><p>To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at:</p><p>http://www.consumerfinance.gov/learnmore</p><p><br></p></td></tr><tr><td colspan="3">FEES</td></tr><tr><td colspan="2">Annual Fees</td><td>Freemium / Free: $0.00. Pro: $9.99 per month or $99.90 per year. Elite: $29.99 per month or $299.90 per year</td></tr><tr><td colspan="2"><p>Transaction Fees</p><ul><li>Balance Transfer</li><li>Cash Advance/ATM Withdrawal</li><li>International Transaction</li></ul></td><td><p><br></p><p>N/A</p><p>Where ATM withdrawals are enabled : Freemium / Free: $1.00 + 1.75% of the withdrawal amount, $5,000 monthly limit. Pro: $1.00 + 1.00% of the withdrawal amount , $10,000 monthly limit. Elite: $1.00 + 0.75% of the withdrawal amount, $15,000 monthly limit subject to applicable Card limits,risk controls and network rules.</p><p>Card FX Fee / International Transaction Fee: Freemium / Free: 1.50%; Pro: 1.25%; Elite: 1.00% of each transaction in U.S. dollars.</p></td></tr><tr><td colspan="2"><p>Penalty Fees</p><p><br></p><ul><li>Late Payment</li><li>Over the Credit Line</li><li>Returned Payment</li></ul></td><td><p><br><br></p><p>2% of the current outstanding card balance </p><p>None</p><p>None</p></td></tr></tbody></table>

How We Will Calculate Your Balance: We use a method called "average daily balance". See your Cardholder Agreement for more details.&#x20;

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Card Regulations.<br>

Military Lending Act Disclosure: The following disclosure applies to persons covered by the Military Lending Act – other governmental programs and laws may also govern or apply to this transaction but are not described in the following disclosure. The following disclosure is required by the Military Lending Act. Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account).  To learn if you are covered by the Military Lending Act or about the applicable rate, call us at +1 (307) 683-5768. The Arbitration and Class Waiver sections of your Agreement will not apply to you if you are covered by the Military Lending Act nor do any provisions of the Agreement that waive any right to legal recourse under any state or federal law to the extent required by the Military Lending Act.

&#x20;

Anodos Card CARDHOLDER AGREEMENT – SET LINE OF CREDIT<br>

Last Updated: August 31, 2026

Arbitration Clause; Notices: PLEASE REVIEW THE ARBITRATION CLAUSE AND NOTICES SET FORTH BELOW IN THE SECTION TITLED DISPUTE RESOLUTION AND ARBITRATION. BY USING THE ANODOS CARD, YOU ARE AGREEING TO THE ARBITRATION CLAUSE AND NOTICES SET FORTH IN THAT SECTION. THE ARBITRATION CLAUSE WILL HAVE A SUBSTANTIAL EFFECT ON YOUR RIGHTS IN THE EVENT OF A DISPUTE, INCLUDING YOUR RIGHT TO BRING OR PARTICIPATE IN A CLASS PROCEEDING.<br>

This Anodos  Cardholder Agreement (“Agreement”) is a binding agreement between you (“you” or “your”) and the Issuer (“we”, “us,” or “our”) that governs your use of the card account (“Account”) and  Anodos card (“Anodos  Card” or “Card”). The Anodos  Card is provided to you on behalf of Anodos in connection with your status as Anodos  customer and pursuant to your separate User Agreement  between you and Anodos (the “User Terms”).  We are not a party to the User Terms and disclaim any liability for the performance of services covered therein. In the event of any conflict between this Agreement and the User Terms, this Agreement shall be controlling.

Additional Definitions

The term “Card” means any card we issue associated with your Account, including renewal and substitute cards. The term “Card” also means any other access device that allows you to obtain Account credit from us, including your Account number. Other capitalized terms that are not defined here are generally defined the first time we use those terms. The term “Issuer” refers to Third National, including its affiliates, successors, and assigns. The term “Supported Blockchain” means the Ethereum Blockchain, Polygon Blockchain, Optimism Blockchain, Arbitrum Blockchain and other blockchain networks.  We may update this list of Supported Blockchains at any time and at our sole discretion.<br>

The terms "you" and "your" mean each and all of the persons who are granted, accept or use the Account and any person who has guaranteed payment of the Account.

Overview of Account Agreement<br>

We reserve the right to amend this Agreement or impose additional obligations or restrictions on you at any time with or without notice to you, except where required by applicable law. By continuing to use the Cards, you agree to be bound by such amendments or additional obligations or restrictions. We will notify you of any amendment to this Agreement by  email to the email address associated with your Account and an in-app modal notice presented when you next log in after the terms have changed.  If any amendment to this Agreement allows you to reject such amendment, and if you reject the amendment in the manner described in such amendment, we may terminate your Account.  If an amendment to this Agreement increases the applicable Interest Charges applicable to your Account, any existing unpaid balances may be subject to such increase to the Interest Charges.<br>

You agree that this Agreement becomes effective the first time you use any Card or the Account. You agree that you were not solicited for this product. You also agree that we may keep and use an image or copy of the Agreement to enforce its terms against you. When the Agreement states we “may” take an action, it means we are authorized to take that action in our sole discretion, subject only to any limitations or requirements established by law and the express terms of the Agreement. Please read this Agreement carefully and keep them for future reference. We may make new offers to you in the future or forward offers from others that may interest you. If these offers have new or different terms, those terms will be provided with the offer. If you accept the offer, the previously disclosed terms in the Agreement will still apply, except as modified by the offer.

Anodos   provides technology services in connection with the Anodos Card, and is not a bank, credit union, or money services business and does not itself extend credit, set interest rates, determine repayment terms or hold Collateral. Nothing in this Agreement shall be construed as creating a lender-borrower relationship between you and Anodos .

You acknowledge and agree that Anodos Card <br>

1. is an express third-party beneficiary of this Agreement, with the limited right to enforce obligations that directly relate to its role;
2. is not responsible for any decisions by the Issuer to approve, decline, suspend or close your Card account. Anodos   may, at the request of the Issuer, the payment network or a regulatory authority, suspend or restrict your access to the Anodos Card platform or certain features, to protect against fraud, comply with applicable laws or manage program risk;&#x20;
3. does not control and is not responsible for the operation, security, or performance of the smart contracts used to hold your Collateral; and
4. is not responsible for merchant acceptance of your Anodos  Card or for resolving disputes about goods or services purchased with the Anodos Card.&#x20;

Account Information We Need

We need and will request complete, current and valid information about you to manage your Account. Such information may include but is not limited to: your legal name; your address(es); your telephone number(s); your date(s) of birth; your employment and income information; and your Social Security number(s); or other government identification number(s).  You must tell us when this information changes, and, if we agree to issue additional Cards, you must notify us of any changes to this information for each additional cardholder. You may update your address as described on your most recent Statement, through the website we maintain for your Account, or by calling us at the telephone number shown on your most recent Statement or the back of your Card. We may require that you provide additional documents that are acceptable to us so that we can verify this information and any changes. We may restrict or close your Account if we are unable to verify your information or if you do not provide the additional information we request, at our sole discretion.<br>

TO HELP THE GOVERNMENT FIGHT THE FUNDING OF TERRORISM AND MONEY LAUNDERING ACTIVITIES, FEDERAL LAW REQUIRES US TO OBTAIN, VERIFY, AND RECORD INFORMATION THAT IDENTIFIES EACH PERSON WHO OPENS AN ACCOUNT. WHAT THESE MEANS FOR YOU: WHEN YOU OPEN AN ACCOUNT, WE WILL ASK FOR THE NAME, ADDRESS, EMPLOYER IDENTIFICATION NUMBER AND ORGANIZATIONAL DOCUMENTS OF THE ACCOUNT OWNER AND THE NAMES, ADDRESSES, DATES OF BIRTH, AND OTHER INFORMATION CONCERNING EACH PRINCIPAL OWNER THAT WILL ALLOW US TO IDENTIFY THE ACCOUNT OWNER AND ITS PRINCIPAL OWNERS. WE MAY ALSO ASK TO SEE A COPY OF EACH PRINCIPAL OWNERS' DRIVER'S LICENSES OR OTHER IDENTIFICATION DOCUMENTS.

Balance Categories of Your Account<br>

“Balance Categories” are the different Account segments we may establish with unique pricing, grace periods or other terms. The Balance Categories of your Account may include Purchases, Cash Advances, and Special Offers. We reserve the right to decide which Balance Category applies for each Account transaction and our decision will be final.<br>

A “Purchase” means the property, rights, goods and services we allow you to purchase, rent, or otherwise obtain directly from merchants and vendors by using your Card.

A “Special Offer” means transactions and balances that post to your Account, subject to unique pricing, grace periods, or other terms we disclose from time to time for promotional and other reasons. Our Special Offer disclosures, if any, will explain when any unpaid Special Offer balances may be transferred to and combined with a different Balance Category after any temporary rate period ends.

Your Promises To Us

You promise to do everything the Agreement requires of you, as long as your Account has a balance or remains open. Each of you and all of you promise, individually and together, to pay us all amounts due on your Account, now and in the future. This includes amounts where you did not sign a purchase slip or other documents for the transaction. If you use your Card number without presenting your actual Card (such as for mail, telephone or Internet purchases), these transactions will be treated as if you used the Card in person. The amounts due on your Account include all transactions in each Balance Category made by any of you, plus all Fees and all Interest Charges, as described in this Agreement. Your “Interest Charges” are the charges we add to your Account based on the Annual Percentage Rates we apply to your Account balances. Your “Fees” are the charges we add to your Account that are not based on the Annual Percentage Rates, if any. If you allow someone else to use your Card, you are responsible for all transactions made by that person and all associated Fees and Interest Charges. If you die, your promise to pay us will apply to your estate, as permitted by law.

Using Your Account and Card<br>

You may use your Card and the Account for making Purchases and for obtaining any Special Offers that we may provide, as permitted by this Agreement and applicable law.

You agree to sign the Card immediately after you receive it. The Card is valid during the dates shown on the front. The Card is our property and you agree to return it to us or destroy it, if we ask. You agree to take reasonable steps to prevent the unauthorized use of your Card and Account.<br>

We are not responsible to you if someone refuses to accept your Card for any reason. We may reject any transaction for any reason. We may limit the combined dollar amount or the total number of certain Account transactions allowed during a single day or other time periods. We may restrict or delay the availability of Account credit, to protect you and us against potential fraud, unauthorized transactions, Account misconduct or misuse, or for other risk management reasons. We will not be liable to you if this happens. Except as otherwise required by applicable law or regulation, we will not be responsible for merchandise or services purchased or leased through the use of any Card or the Account.

You agree not to use, try to use, or permit use of the Card or Account for any Internet gambling transactions or any other transactions that are illegal or not permitted by us. Even if you do, you must still pay us for these transactions, and they remain subject to all other terms of our Agreement. You must reimburse us for all damages and expenses associated with these transactions.

&#x20;You acknowledge and agree that you have read and understood the [Rain Prohibitions List](https://legal.raincards.xyz/legal/prohibitions) and that you will not engage in any such activities when using the Services or the Anodos Card. &#x20;

From time to time, Account services may be unavailable to you, due to circumstances beyond our control, such as system failures, fires, floods, natural disasters or other unpredictable events. When this happens, you may be unable to use your Card or obtain Account information. We will not be responsible or liable to you if this happens. <br>

Using a PIN

We may give you a personal identification number (“PIN”). For security reasons, you may have to provide the PIN before you are able to complete some transactions using the Card. With a PIN, you may, if enabled by us, use your Card to obtain cash from certain automated teller machines (“ATM”) or make Purchases at certain merchant point-of-sale devices (“POS”). Where enabled, you may do these things if the ATM or POS requires entry of a PIN and displays the logo of the Payment Card Network on your Card. We will treat any allowed ATM transactions as Cash Advances and all POS transactions as Purchases. Keep your PIN secure and do not write it down, give it to anyone, or keep it with your Card. If you lose your Card or believe someone has gained unauthorized access to your PIN, you must contact us immediately.<br>

Statements and Billing Cycles

The documents or information we provide after each Billing Cycle through your Statement will disclose important information about your Account, including your Account transactions, payments, Fees, Interest Charges, unpaid balances in each Balance Category, and payment requirements. The intervals of time between your regular Statements (each, a “Billing Cycle”) are generally equal (approximately 30 days), but may vary slightly in length. Your first Billing Cycle may be more or less than 30 days. You must pay any Minimum Interest Charge and any Fees due after your first Billing Cycle, even if it is for a period less than 30 days. Your Statements disclose the specific length of each Billing Cycle. Your Account will continue to have Billing Cycles, even if a Statement is not required after any Billing Cycle.

We will send a single Statement to you for all Cards on your Account, except when we are not required or permitted by law to send a Statement. We will send a Statement at the end of each Billing Cycle when your Account has a debit or credit balance of more than $0.01, if we have charged any Interest Charges to your Account, or as otherwise required by law.

Disputed Transactions

You must promptly inspect each Statement you receive and tell us about any errors or questions you have, as described in the “Billing Rights” section of your Statement and this Agreement. If you do not notify us as provided in these disclosures, we may assume that all information in the Statement is correct. If you dispute a transaction made by you or someone else on your Account, and we later credit your Account for all or part of the disputed amount, you agree to:<br>

* Give us all of your rights against that other person;
* Give us any merchandise or other purchases you received in connection with the disputed amount, if we ask;
* Not pursue any claim or reimbursement from the merchant and other person; and
* Help us pursue and obtain reimbursement from the merchant and that other person, by promptly returning documents with any signatures we may request and otherwise providing us with reasonable cooperation.<br>

No Warranties

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW AND EXCEPT AS OTHERWISE PROVIDED IN THE “BILLING RIGHTS” SECTION OF YOUR STATEMENTS AND THIS AGREEMENT, WE EXPRESSLY DISCLAIM ALL WARRANTIES, INCLUDING BUT NOT LMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, RELIABILITY, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE.<br>

Lost or Stolen Cards; Unauthorized Use; Replacement Cards

For Consumers: You must take reasonable steps to prevent the unauthorized use of your Card and Account. If you notice the loss or theft of your Card, or a possible unauthorized use of your Card, you should write to us immediately at the address provided on your Statement or call us at the telephone number provided on your Statement. You will not be liable for any unauthorized use that occurs after you notify us. You may, however, be liable for unauthorized use that occurs before your notice to us. In any case, your liability will not exceed $50 (or any lesser amount required by law or as provided under the express terms of a benefit provided by a Payment Card Network). If we reimburse your Account for unauthorized charges made using your Card, you agree to help us investigate, pursue and obtain reimbursement from the wrongdoer. Your help includes giving us documents that we ask for and that are acceptable to us. Unless canceled, a Card will be valid through the expiration date which is printed on the Card. We may replace a Card at any time and we may continue to issue renewal or replacement Cards until you notify us to cancel the Account. <br>

You are responsible for canceling any lost, misused or stolen Cards or the Account that you suspect may have been the subject of fraud, unauthorized use or misuse, whether as a result of termination of employment or otherwise. You are responsible for retrieving the canceled Card and destroying it to prevent further use. You may also cancel a Card by calling our customer service center. All telephone communications by you to us must be made by calling our customer service center at+1 (307) 683-5768as soon as the need arises. You understand that we will require a reasonable amount of time to act on any request made by telephone. <br>

You will not be liable for any unauthorized use of your Card after you notify us orally or in writing of the loss, theft, or possible unauthorized use and you meet the following conditions: (1) you have exercised reasonable care with the Card; (2) you have not reported two or more incidents of unauthorized Card use within the previous 12 months; and (3) you have maintained your Account(s) in good standing. The foregoing liability limitation does not apply to ATM cash advance transactions. In any case, your maximum liability for unauthorized use of a Card will not exceed $50 and you will not be liable for any unauthorized use that occurs after you notify us (or our designee) at the address or telephone number above.&#x20;

Credit Limits<br>

The credit limit will be determined, in part, by the amount of available Collateral (as defined below). We may assign different credit limits for the different Balance Categories of your Account. For example, your credit limit for any Cash Advances or Special Offers may be lower than your credit limit for Purchases or the overall credit limit of your Account. We may raise, lower, restrict, or cancel your credit limit on any Balance Category or the Account at any time and for any reason, subject to any notices that are required by law. This will not affect your obligation to pay us. You are responsible for keeping track of your Account balances and available credit. You agree not to allow your Account to go over any credit limit. We may honor transactions above your credit limits, but, if we do, this will not increase your credit limit and you must pay us the full amount of these transactions. Provided you maintain sufficient collateral to cover a Purchase, Anodos reserves the right to set a daily or monthly spending limit at their sole discretion. The limit could be temporary or permanent. We will tell you if we do this, but we won’t always notify you in advance. Any limits set will also apply to Authorized Users. We may set and vary limits and restrictions on certain uses of the Card or certain transactions. For example, contactless purchases may have their own limits.

Interest Charges

We may charge Interest Charges to your Account as shown in the Agreement, including your Account Opening Disclosures and Statements. If we charge Interest Charges to your Account, we calculate the Interest Charges by applying a Daily Periodic Rate to an “Average Daily Balance” of each Balance Category in your Account.

To get the “Average Daily Balance,” we take the beginning balance of your Account each day (including any previously billed and unpaid transactions, Interest Charges and Fees), add any new Fees and Account transactions (including Purchases, Special Offers, or debit adjustments), and then subtract any unbilled Interest Charges and any payments or credits. This gives us the “Daily Balance” in each Balance Category. Then, we add up all the Daily Balances in each Balance Category for the Billing Cycle and divide the total by the number of days in the Billing Cycle. This gives us the “Average Daily Balance.” Your Statements disclose the “Average Daily Balance” of each Balance Category as the “Balance Subject To Interest Rate.”

Interest Charges begin to accrue from the earlier of the date of the transaction, the date the transaction is processed and first posts to your Account, or the first day of the Billing Cycle, except as prohibited by law or as otherwise described in the Agreement. Interest Charges accrue on each unpaid amount until it is paid in full. Billed and unpaid Interest Charges are added to the proper Balance Category of your Account.

We will not assess Interest Charges during a Billing Cycle for any new Purchases made during that Billing Cycle, if you pay the previous month’s New Balance in full by its payment due date or if your previous month’s New Balance was zero or a credit amount. If you have been paying your Account in full with no Interest Charges applied to Purchases, and you do not pay the next New Balance of your Account in full, we will assess prorated Interest Charges on the unpaid balance of your Purchases, as permitted or required by law. There is no grace period on any new Purchase transaction when there is an unpaid balance from a previous Statement. A Special Offer transaction is not subject to a grace period, unless the terms we provided with the Special Offer expressly state that these transactions are subject to a grace period.

To determine the “Daily Periodic Rate” that applies to each Balance Category, we divide the corresponding Annual Percentage Rates by the number of days in a year. The resulting Daily Periodic Rate is carried three places past the decimal point and the last digit is rounded. We calculate your total Interest Charges by multiplying the Average Daily Balance of each Balance Category by its Daily Periodic Rate and then multiplying the result by the number of days in the Billing Cycle. This calculation may vary slightly from the Interest Charges we actually charge after a Billing Cycle, due to the effects of rounding or as a result of any Minimum Interest Charge that applies.<br>

Your Account Opening Disclosures disclose the Daily Periodic Rates and the corresponding Annual Percentage Rates that apply to each Balance Category. Your Account Opening Disclosures disclose the Minimum Interest Charges that will be due if any Balance Category of your Account is subject to Interest Charges after a Billing Cycle. Your Account Opening Disclosures also disclose which Annual Percentage Rates and Daily Periodic Rates may vary from Billing Cycle to Billing Cycle, based on changes to a published index rate. These Account Opening Disclosures identify the index rate we use, and the different margins we add to the index rate to determine the variable Annual Percentage Rates. <br>

Fees\
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Tier-Based Fee Schedule

The fees applicable to your Anodos Card depend on your Anodos membership tier at the time the relevant transaction, fee, or benefit is assessed. If you change tiers, the fees and benefits for the new tier apply from the effective time disclosed in the Anodos app.

(i) Freemium / Free tier — Financial Freedom.

Subscription fee: $0.00. Card FX Fee / International Transaction Fee: 1.50% of each transaction in U.S. dollars. ATM withdrawal fee, where ATM withdrawals are enabled: $1.00 plus 1.75% of the withdrawal amount. Monthly ATM withdrawal limit: $5,000. Currency exchange fee for supported non-card currency conversion: 1.00%. Extra virtual Card fee: $20 per additional virtual Card. Extra virtual account fee: $20 per additional account.

(ii) Pro tier — Empower Pro.

Subscription fee: $9.99 per month, or $99.90 per year if you select an annual plan. Card FX Fee / International Transaction Fee: 1.25% of each transaction in U.S. dollars. ATM withdrawal fee, where ATM withdrawals are enabled: $1.00 plus 1.00% of the withdrawal amount. Monthly ATM withdrawal limit: $10,000. Currency exchange fee for supported non-card currency conversion: 0.75%. Extra virtual Card fee: $10 per additional virtual Card. Extra virtual account fee: $10 per additional account.

(iii) Elite tier — Sovereign Elite.

Subscription fee: $29.99 per month, or $299.90 per year if you select an annual plan. Card FX Fee / International Transaction Fee: 1.00% of each transaction in U.S. dollars. ATM withdrawal fee, where ATM withdrawals are enabled: $1.00 plus 0.75% of the withdrawal amount. Monthly ATM withdrawal limit: $15,000, subject to applicable Card limits, risk controls, provider availability, law, and network rules. Currency exchange fee for supported non-card currency conversion: 0.50%. Extra virtual Card fee: $10 per additional virtual Card. Extra virtual account fee: $10 per additional account.

(iv) Additional terms.

Yields, referral revenue share, partner perks, premium early access, portfolio analytics, investments in stocks, metals and crypto, virtual accounts, local receiving details, and other membership benefits are Anodos program benefits and are not credit terms. These benefits may be subject to eligibility, supported jurisdictions, provider availability, separate product terms, market conditions, risk controls, and applicable law.<br>

You must pay the following Fees we charge to your Account, in the amounts shown on your Account Opening Disclosures, shown in this Agreement, or disclosed to you at the time you ask us to provide particular services to you or on your behalf.

Annual Fee: We may charge you this Fee for making the Account available and issuing Cards to you. We will post and treat this Fee as a Purchase transaction.<br>

Late Payment Fee: We may charge you this Fee if we do not receive your payment in time to credit it by the due date shown on your Statement. We will post and treat this Fee as a Purchase transaction.

Returned Payment Fee: We may charge you this Fee each time any payment you make to us is not paid by your financial institution for any reason, even if that institution later pays it. We will post and treat this Fee as a Purchase transaction.<br>

Copying Fee: We may charge you a Fee of $10.00 for each paper copy of a transaction document or a Statement you request, unless they are required to resolve a billing dispute. We will post and treat this Fee as a Purchase transaction.<br>

Fees for Faster Payment Services: We may make services available that allow you to make faster payments through a customer service representative using a telephone, the Internet or other payment system. We will describe the terms for using these services before you use them. You do not have to use these other payment services, and we may charge you a Fee for using them. If we do, we will tell you the amount of the Fee at the time you request the service. We are not responsible if a payment made using our payment services is rejected or not paid. Even if it is, we may still keep the Fee. We will post and treat these Fees as a Purchase transaction.

Foreign Transaction Fee: We may charge you this Fee each time you make a transaction in a currency other than US Dollars or make a transaction in a country outside the United States. This Fee will post to the same Balance Category as the transaction (for example, as a Purchase), and be treated as other transactions that post to this Balance Category.<br>

Transactions Made in Foreign Currencies<br>

If you make a transaction in a foreign currency, the Payment Card Network will convert it into a U.S. dollar amount. The Payment Card Network will use its currency conversion procedures in effect when it processes the transaction. The conversion rate in effect on the processing date might differ from the rate in effect on the transaction or posting date. We do not currently adjust the currency exchange rate.

Making Payments

You are responsible for payment in full of all transactions and fees identified on your Statement at the end of each Billing Cycle. You make a payment to Anodos through any means permitted by Anodos  as disclosed when you log into your Account. You agree to follow the payment requirements we disclose on Statements from time to time.  You may pay all or any part of your outstanding Account balance early, without penalty.

If your due date occurs on a day on which we do not receive payments, any payment received the next day that conforms to the above requirements will not be treated as late. Please allow at least five (5) days for postal delivery. Unless we or our agents specifically instruct you to remit payment in a different manner, payments received at any other location or in any other form may not be credited for up to five (5) days. This may cause you to be charged Late Payment Fees and additional Interest Charges.<br>

If you give your Account number or other Account information to someone else to make a payment for you, we may provide Account information to them and process their payment as if you made it. We may refuse to accept any payment made by someone else for your Account. If we accept a payment made by someone else for your Account, you will be responsible for the payment made, even if that payment is rejected or not paid.

Collateral and Security Agreement

This Account is a secured Account.  Either your primary linked wallet or any additional wallets may provide the collateral that will secure the charges made by you on any Card (the “Collateral”). The Collateral must be in a wallet on a Supported Blockchain.  By entering into this Agreement, you are furnishing and granting us a security interest in the Collateral, as well as any additions to, substitutions or renewals of the Collateral.  No portion of the Collateral may be used by you to secure other loans.

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In addition to the Collateral serving as collateral for your obligations to us, you also authorize Anodos  to liquidate Collateral pursuant to this section in the event of a “Liquidation Event.” A “Liquidation Event” will occur at a period set by  Anodos , a) in accordance with the terms of any “smart-contract” or other electronic code pursuant to which one or more transactions will be triggered with respect to some or all of the Collateral; b) if you fail to make a payment of the full amount owed to Anodos   within 21 calendar days of the due date on your Statement provided to you; or c) the Market Value of your Collateral drops below the value of the existing charges on your \[Partner Name] card(s) and you do not add additional collateral or reduce the value of the existing charges to less than the Market Value of your Collateral by making a payment.

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“Market Value” of the Collateral will be determined by Anodos using the net redemption value provided by a centralized stablecoin issuer and/or the real time price posted on a reputable and recognized exchange or price aggregator, or by reference to a price oracle, subject to Anodos  ’s sole discretion. You agree to pay all transaction costs or “gas” fees relating to any Liquidation transaction and that all such costs or fees will be paid from your Collateral and will not be credited to your Account. You agree that the market value of your collateral is determined solely by  Anodos  through the above methods. You further agree that the Market Value is determined at the time of a Liquidation Event and any change in or fluctuation in value of the collateral before or after a Liquidation Event will have no bearing on obligations owed to  Anodos. &#x20;

You, through one or more of your linked wallet or additional wallets, must ensure that the Collateral has Market Value in United States Dollars (“USD”) that is greater than or equal to the value of all unpaid charges to all of your Cards. For example, if you provide Collateral with a Market Value equal to $100 of value in USD, and that Market Value does not change, your spending limit will be equal to $100 USD. Once $100 USD has been charged to your Card, you will be required to either make a payment or to provide additional Collateral in order to be able to make any additional Charges. If, at any time, the Market Value of the Collateral is less than the value of all unpaid charges, we may require you to add to the Collateral or you may be subject to a Liquidation Event, at our sole discretion. If the Market Value of your collateral is subject to a liquidation event when the Market Value is below your existing charges, you still owe us any difference between the USD value of the charges, and the USD value of the collateral at the time of Liquidation. &#x20;

The Collateral will be owned by you at all times and held in your custody. You authorize Anodos and its designees to liquidate the Collateral upon a Liquidation Event and use the amounts to satisfy your payment obligations owed to  Anodos . You agree that  Anodos  will not be required to notify you prior to such liquidation and you acknowledge and agree that, because of the nature of the blockchain technology and smart contract infrastructure,  Anodos  may not be in a position to stop a liquidation from occurring.  \
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To withdraw your Collateral, you must provide Anodos  at least (3) business days prior notice. You agree that any Collateral that has been provided to us within the (3) business days of your notice to us may be subject to liquidation notwithstanding your notice to us of your withdrawal of the prior Collateral. Your withdrawal of any Collateral will not terminate any outstanding payment obligations you may have on your Card.\
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We will not, in any circumstance, be holding custody of your Collateral.  Anodos  is not a custodian or owner of your Collateral. If a Liquidation Event occurs, only the amount required to repay your outstanding financial obligations to Anodos will be liquidated from your Collateral. Any unencumbered Collateral balances shall remain freely accessible. You authorize and consent to Anodos  liquidating the Collateral upon a Liquidation Event through a third party or by other means in order to satisfy payment obligations owed by you to Anodos , the Issuer or other third party, as applicable.  &#x20;

You acknowledge and agree that the Supported Blockchains that we accept as Collateral, including any Supported Blockchains that consist of or include tokenized assets, are issued and managed by third parties, and are subject to their own terms, conditions, and risks. We and Anodos make no representations or warranties regarding any Supported Blockchain, or any underlying collateral related to such Supported Blockchain, including but not limited to their value, liquidity, stability, yield, rewards, or any other attributes. We and Anodos expressly disclaim all responsibility and liability for any losses, fluctuations, or other outcomes arising from the ownership, use, performance, or characteristics of any Supported Blockchain and/or Collateral. You are responsible for evaluating and accepting the risks associated with any Supported Blockchain you choose to use as Collateral.

You waive any right to require us to: (a) proceed against any Cardholder or any other person; (b) proceed against or exhaust any security held under this Agreement; or (c) pursue any other remedy available to us under applicable law. Issuer or Anodos  without prior notice, and from time to time, may: (a) renew, compromise, extend, accelerate or otherwise change the terms relating to the Account; (b) take and hold security (other than the Collateral) for payment of the Account and enforce, exchange and release the security in any manner that we determine is proper; (c) release or substitute any Cardholder, guarantor, or endorser of the Account; and (d) increase or lower the Credit Limit on your Account, and no such action shall change the fact that the Collateral shall at all times serve as security for the Account.&#x20;

Payment Processing<br>

We may accept and process payments without losing any of our rights. Even if we credit your payment to your Account, we may delay the availability of Account credit until we confirm that your payment has cleared. We may resubmit and electronically collect returned payments. We may also adjust your Account as necessary to correct errors, to process returned and reversed payments, and to handle similar issues.<br>

An “Item” means a check, draft, money order or other negotiable instrument you use to pay your Account. This includes any image of these instruments. When you provide an Item as payment, you authorize us either to use information from your Item to make a one time electronic fund transfer from your deposit account or to process the payment as a check transaction. When we use information from your Item to make an electronic funds transfer, funds may be withdrawn from your deposit account as soon as the same day your payment is received and you will not receive your Item back from your financial institution. You may contact us and ask that we not process your future Items in this way. If we process the payment as a check transaction, you understand and agree that we may convert your Item into an electronic image that can be collected from your depository institution as a substitute check. We will not be responsible if an Item you provide has physical features that, when imaged, result in it not being processed as you intended.

Items with Restrictive Words, Conditions or Instructions

All Items that have restrictive words, conditions, limitations or special instructions added (including Items marked with the words “Paid in Full” or similar language), and all accompanying communications, must be mailed to and received at: 30 N Gould St Ste N Sheridan, WY 82801 USA.If you make your payment or send any accompanying communications to any other address, we may accept and process the payment, without losing any of our rights.<br>

Credit Balances

We may reject and return to you any portion of a payment that creates a credit balance on your Account. Any credit balance we allow will not be available to you until we confirm that the payment creating the credit balance has cleared. We may reduce the amount of any credit balance by any new amounts billed to your Account. You may contact us as provided on your Statement and request a refund of any available credit balance. If you contact us in writing, we will refund your credit balance within seven (7) business days from our receipt of your written request. A business day means any day in which our offices are open for the processing of Account payments and credits.

Account Default

We may consider you in default of your Agreement with us if:<br>

* you do not make any payment when it is due;
* any payment you make is rejected, not paid or cannot be processed;
* you exceed a credit limit;
* a bankruptcy or other insolvency proceeding is filed by or against you;
* you die or are legally declared incompetent or incapacitated;
* we determine that you made a false, incomplete or misleading statement on any of your Account documentation, or you otherwise tried to defraud us;
* you do not comply with any term of this Agreement or any other agreement with us; or
* you permanently reside outside the United States.<br>

Paying the Interest Charges and Fees charged in connection with a default will not, by itself, cure the default. If you are in default, we may take the following actions without notifying you, after providing you with any notices that may be required by applicable law:<br>

* close or suspend your Account;
* lower your credit limits;
* demand that you immediately pay the entire balance owing on your Account;
* continue to charge you Interest Charges and Fees as long as your balances remain outstanding; and/or
* pursue any other action against you that the law allows, which includes the filing of a lawsuit against you.
* You agree to pay us all of our collection expenses, attorneys’ fees, and court costs, unless the law does not allow us to collect these amounts.

Communications <br>

By accepting these Card Terms or using your Card, you acknowledge that you have received, reviewed, and agree to be bound by the Issuer’s [E-Sign & Electronic Communications Notice](https://legal.raincards.xyz/legal/electronic-communications-notice) (the “E-Sign Notice”), which is incorporated herein by reference. You consent to receive all disclosures, notices, agreements, and other communications from Issuer and its service providers in electronic form, in accordance with the E-Sign Notice. You agree that such electronic communications satisfy any legal requirement that such communications be in writing. The E-Sign Notice may be amended by Issuer from time to time, and your continued use of the Card after any such amendment constitutes your acceptance of the amended E-Sign Notice.   <br>

We may contact you from time to time about your Account. We may contact you in any manner we choose, unless the law says that we cannot. For example, we may:<br>

* contact you by mail, telephone, email, fax, recorded message, text message or personal visit;
* contact you using an automated dialing or similar device (“Autodialer”);
* contact you at your home and at your place of employment;
* contact you on your mobile telephone;
* contact you at any time, including weekends and holidays;
* contact you with any frequency;
* leave recorded and other messages on your answering machine/service and with others; and
* identify ourselves, your relationship with us, and our purpose for contacting you, even if others might hear or read it.

Our contacts with you about your Account are not unsolicited and may result from information we obtain from you or others. We may monitor or record any conversation or other communication with you. Unless the law prohibits us from doing so, we may modify or suppress caller identification and similar services and identify ourselves on these services in any manner we choose. When you give us or we obtain your mobile telephone number, we may contact you at this number using an Autodialer and can also leave recorded and other messages. We may do these things, whether we contact you or you contact us. If you ask us to discuss your Account with someone else, you must provide us with documents and authorization that we ask for and that are acceptable to us.

Credit Reports<br>

We may provide information about you and the Account to consumer credit reporting agencies. We may also provide information about you and the Account to others as described in our Privacy Notices.

We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report. We may obtain and use credit and income information about you from consumer credit reporting agencies and others as the law allows. If you believe we have reported inaccurate information about you to a credit reporting agency, notify us in writing at:  30 N Gould St Ste N Sheridan, WY 82801 USA.  In doing so, identify yourself, your Account, the information you believe is inaccurate, and tell us why you believe the information is incorrect. If you have supporting documents or information, such as a copy of a credit report that includes information you believe is inaccurate, send us the supporting documents and information, too.<br>

Closing or Suspending Your Account

You may ask us to close your Account by calling or writing us as described on your Statement. If you do, we may provide you with additional details about this process and request certain information from you, including payment information. If you use your Card or charges post to your Account after you ask us to close it, we may keep your Account open or reopen it. We may close or suspend your Account and your right to obtain credit from us. We may do this at any time and for any reason, as permitted by law, even if you are not in default. A suspension of your Account might be permanent or temporary.

If your Account is closed or suspended for any reason, you must stop using your Card. You must also cancel all recurring charges or similar billing arrangements connected with the Account. We will not do this for you. If we close or permanently suspend your Account, you must also destroy all Cards.<br>

You must still pay us all amounts you owe on the Account, even if these amounts are charged after your Account is closed or suspended.<br>

Additional Services

We may, from time to time, make additional services available to you directly or through affiliated or non-affiliated third parties.  Without limitation, such services may include providing you with virtual accounts in order to enable you to use your Account or otherwise engage in various financial transactions that we do not directly provide.  Each such service is subject to its own terms and conditions, and we shall not be responsible to you for any aspect of those services.  We may permit you to charge any applicable fees for such services to your Account.  You acknowledge and agree that we may receive compensation or otherwise benefit as a result of making such services available to you. &#x20;

The Law that Applies to Your Agreement

This Agreement will be interpreted using Puerto Rican law. Federal law shall govern the Arbitration provisions of this Agreement, and as otherwise applicable. You waive any applicable statute of limitations, as the law allows. Otherwise, the applicable statute of limitations period for all provisions and purposes under this Agreement (including the right to collect debt) will be the longer of the time period provided by Puerto Rico law or the law of the jurisdiction where you live. If any part of this Agreement is found to be unenforceable, the remaining parts will remain in effect.

Waiver<br>

We will not lose any of our rights if we delay taking any action for any reason or if we do not notify you. For example, we may waive your Interest Charges or Fees without notifying you and without losing our right to charge them in the future. We may always enforce our rights later and may take other actions not listed in this Agreement if the law allows them. You do not have to receive notice from us of any waiver, delay, demand or dishonor. We may proceed against you before proceeding against someone else.

Assignment

This Agreement will be binding on, and benefit, any of your and our successors and assigns. You may not transfer your Account or your Agreement to someone else without our written permission. We may transfer your Account, this Agreement, or any of our rights or obligations therein, to another company or person at any time, without your permission and without prior notice to you. If we do, they will take our place under this Agreement. You must pay them and perform all of your obligations to them and not us. If you pay us after you are informed or learn that we have transferred your Account or this Agreement, we can handle your payment in any way we think is reasonable. This includes returning the payment to you or forwarding the payment to the other company or person.

&#x20;Dispute Resolution and Arbitration<br>

PLEASE READ THIS "DISPUTE RESOLUTION AND ARBITRATION" PROVISION VERY CAREFULLY. IT LIMITS YOUR RIGHTS IN THE EVENT OF A DISPUTE BETWEEN YOU AND ISSUER. ANODOSIS THE TECHNOLOGY PROVIDER FOR THE CARD BUT IS NOT THE ISSUER, CREDITOR OR LENDER. ANODOS IS NOT A PARTY TO THIS AGREEMENT AND HAS NO LIABILITY FOR THE ISSUER’S OBLIGATIONS UNDER IT. HOWEVER, ANODOSIS AN EXPRESS THIRD-PARTY BENEFICIARY OF THIS AGREEMENT WITH RESPECT TO ANY PROVISIONS THAT ALLOCATE RISK, DISCLAIM LIABILITY, LIMIT REMEDIES OR REQUIRE DISPUTES TO BE RESOLVED THROUGH ARBITRATION. ACCORDINGLY, TO THE EXTENT A DISPUTE INVOLVES ANODOS SHALL BE ENTITLED TO INVOKE AND BENEFIT FROM THE SAME PROTECTIONS, LIMITATIONS AND DISPUTE RESOLUTION PROCEDURES AS THE ISSUER. TO THE EXTENT YOU HAVE ANY DISPUTE YOU MAY HAVE WITH  ANODOS  RELATING SOLELY TO SERVICES PROVIDED TO YOU UNDER YOUR SEPARATE USER TERMS WITH ANODOS, SUCH DISPUTES WILL BE GOVERNED EXCLUSIVELY IN ACCORDANCE WITH THE ANODOS USER TERMS.&#x20;

Binding Arbitration<br>

(a) You and Issuer agree that any and all past, present and future Disputes (defined below) shall be determined by arbitration, unless your Dispute is subject to an exception to this agreement to arbitrate set forth below. You and Issuer further agree that any arbitration pursuant to this section shall not proceed as a class, group or representative action. The award of the arbitrator may be entered in any court having jurisdiction. “Dispute” means any dispute, claim, or controversy between you and Issuer that arises out of or relates to (i) this Agreement (including, without limitation, the Issuer Card, your Account, any addenda hereto or other terms incorporated herein by reference), (ii) the breach, termination, enforcement, interpretation or validity hereof, including the determination of the scope or applicability of the agreement to arbitrate hereunder, or (iii) any additional services we may provide to you in connection with this Agreement.

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(b) This agreement to arbitrate shall be construed under and be subject to the Federal Arbitration Act, notwithstanding any other choice of law set out in this Agreement.

(c) The Binding Arbitration and Class Waiver sections of this Agreement does not apply to you if you are covered by the Military Lending Act nor do any provisions of the Agreement that waive any right to legal recourse under any state or federal law to the extent required by the Military Lending Act.

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Arbitration Procedure

(a) Before filing a claim against Issuer, you agree to try to resolve the Dispute informally by providing written notice to Issuer of the actual or potential Dispute. Similarly, Issuer will provide written notice to you of any actual or potential Dispute to endeavor to resolve any claim we may possess informally before taking any formal action. The party that provides the notice of the actual or potential Dispute (the "Notifying Party") will include in that notice (a "Notice of Dispute") the name of Company, the Notifying Party's contact information for any communications relating to such Dispute, and sufficient details regarding such Dispute to enable the other party (the "Notified Party") to understand the basis of and evaluate the concerns raised. If the Notified Party responds within ten (10) business days after receiving the Notice of Dispute that it is ready and willing to engage in good faith discussions in an effort to resolve the Dispute informally, then each party shall promptly participate in such discussions in good faith.\
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(b) If, notwithstanding the Notifying Party's compliance with all of its obligations under the preceding paragraph, a Dispute is not resolved within thirty (30) days after the Notice of Dispute is sent (or if the Notified Party fails to respond to the Notice of Dispute within ten (10) business days), the Notifying Party may initiate an arbitration proceeding as described below. If either party purports to initiate arbitration without first providing a Notice of Dispute and otherwise complying with all of its obligations under the preceding paragraph, then, notwithstanding any other provision of this Card Agreement, the arbitrator(s) will promptly dismiss the claim with prejudice and will award the other party all of its costs and expenses (including, without limitation, reasonable attorneys' fees) incurred in connection with such Dispute.

(c) You and Issuer each agree to resolve any Disputes that are not resolved informally as described above through final and binding arbitration as discussed herein, except as set forth under Section 12.3 below. You and Issuer agree that the American Arbitration Association ("AAA") will administer the arbitration under its Consumer Arbitration Rules (the "Rules"). The Rules are available at [www.adr.org](http://www.adr.org/) or by calling the AAA at 1-800-778-7879. A party who desires to initiate arbitration must provide the other party with a written Demand for Arbitration as specified in the AAA Rules. (The AAA provides a general Demand for Arbitration.) Arbitration will proceed on an individual basis and will be handled by a sole arbitrator. The single arbitrator will be either a retired judge or an attorney licensed to practice law and will be selected by the parties from the AAA's roster of arbitrators. If the parties are unable to agree upon an arbitrator within fourteen (14) days of delivery of the Demand for Arbitration, then the AAA will appoint the arbitrator in accordance with the AAA Rules. The arbitrator(s) shall be authorized to award any remedies, including injunctive relief, that would be available to you in an individual lawsuit, subject to any effective and enforceable limitations of liability or exclusions of remedies set forth herein. Notwithstanding any language to the contrary in this paragraph, if a party seeks injunctive relief that would significantly impact other Issuer users as reasonably determined by either party, the parties agree that such arbitration will proceed on an individual basis but will be handled by a panel of three (3) arbitrators. Each party shall select one arbitrator, and the two party-selected arbitrators shall select the third, who shall serve as chair of the arbitral panel. That chairperson shall be a retired judge or an attorney licensed to practice law and with experience arbitrating or mediating disputes. In the event of disagreement as to whether the threshold for a three-arbitrator panel has been met, the sole arbitrator appointed in accordance with this Section shall make that determination. If the arbitrator determines a three-person panel is appropriate, the arbitrator may -- if selected by either party or as the chair by the two party-selected arbitrators -- participate in the arbitral panel. Except as and to the extent otherwise may be required by law, the arbitration proceeding and any award shall be confidential.  \
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(d) You and Issuer further agree that the arbitration will be held in the English language in New York, New York, or, if you so elect, all proceedings can be conducted via videoconference, telephonically or via other remote electronic means.  <br>

(e) Filing costs and administrative fees shall be paid in accordance with the AAA Rules; provided that the prevailing party will be entitled to recover its reasonable attorneys' fees, expert witness fees, and out-of-pocket costs incurred in connection with the arbitration proceeding, in addition to any other relief it may be awarded.  \
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(f) You and Issuer agree that, notwithstanding anything to the contrary in the Rules, the arbitration of any Dispute shall proceed on an individual basis, and neither you nor Issuer may bring a claim as a part of a class, group, collective, coordinated, consolidated or mass arbitration (each, a "Collective Arbitration"). Without limiting the generality of the foregoing, a claim to resolve any Dispute against Issuer will be deemed a Collective Arbitration if (i) two (2) or more similar claims for arbitration are filed concurrently by or on behalf of one or more claimants; and (ii) counsel for the claimants are the same, share fees or coordinate across the arbitrations. "Concurrently" for purposes of this provision means that both arbitrations are pending (filed but not yet resolved) at the same time.\
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TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, YOU NOR ISSUER SHALL BE ENTITLED TO CONSOLIDATE, JOIN OR COORDINATE DISPUTES BY OR AGAINST OTHER INDIVIDUALS OR ENTITIES, OR ARBITRATE OR LITIGATE ANY DISPUTE IN A REPRESENTATIVE CAPACITY, INCLUDING AS A REPRESENTATIVE MEMBER OF A CLASS OR IN A PRIVATE ATTORNEY GENERAL CAPACITY. IN CONNECTION WITH ANY DISPUTE, ANY AND ALL SUCH RIGHTS ARE HEREBY EXPRESSLY AND UNCONDITIONALLY WAIVED. Without limiting the foregoing, any challenge to the validity of this paragraph shall be determined exclusively by the arbitrator.\
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Small Claims<br>

Notwithstanding your and Issuer’s agreement to arbitrate Disputes, You and Issuer retain the right to bring an individual action in small claims court.<br>

Class Waiver  <br>

To the extent applicable law permits, any dispute arising out of or relating to this Card Agreement, whether in arbitration or in court, will be conducted only on an individual basis and not in a class, consolidated or representative action. Notwithstanding any other provision of this Agreement or the AAA Rules, disputes regarding the interpretation, applicability, or enforceability of this class waiver may be resolved only by a court and not by an arbitrator. If this waiver of class or consolidated actions is deemed invalid or unenforceable, neither party is entitled to arbitration.<br>

No Jury Trial<br>

If for any reason a claim or dispute proceeds in court rather than through arbitration, each party knowingly and irrevocably waives any right to trial by jury in any action, proceeding or counterclaim arising out of or relating to this Card Agreement.\
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Venue and Jurisdiction for Judicial Proceedings<br>

Except as otherwise required by applicable law or provided in this Card Agreement, in the event that the agreement to arbitrate is found not to apply to you or your Dispute, you and Issuer agree that any judicial proceeding may only be brought in a court of competent jurisdiction in Puerto Rico. Both you and Issuer irrevocably consent to venue and personal jurisdiction there; provided that either party may bring any action to confirm an arbitral award in any court having jurisdiction.<br>

Confidentiality

The existence of and all information regarding any Dispute will be held in strict confidence by the parties and will not be disclosed by either party except as reasonably necessary in connection with the conduct of the arbitration or the confirmation or enforcement of any arbitral award. Any such permitted disclosure will, to the maximum extent reasonably practicable, be made subject to obligations of confidentiality at least as stringent as the provisions of this paragraph. If any disclosure of information regarding any Dispute is required under applicable law, the parties shall reasonably cooperate with one another to obtain protective orders or otherwise to preserve the confidentiality of such information.<br>

Survival

The following provisions of this Agreement shall survive any termination or expiration of this Agreement and shall remain in full force and effect until all of your obligations to us have been fully and finally satisfied: (a) all of your payment obligations and our right to collect all amounts owed by you; (b) all security interest, collateral, and setoff provisions, including our rights in any Collateral; (c) any indemnification obligations; (d) the limitation of liability provisions; (e) the disclaimer of warranties provisions; (f) the dispute resolution and arbitration provisions, including the class waiver; (g) our communications and contact rights; (h) our credit reporting rights and your consent thereto; (i) the governing law and jurisdiction provisions; (j) our assignment rights; (k) any waiver provisions; (l) all representations and warranties made by you; (m) any accrued rights, remedies, or causes of action in favor of either party; and (n) any other provision that by its nature or express terms is intended to survive.&#x20;

Severability<br>

If any provision of this Agreement is found to be invalid, illegal, or unenforceable by a court or arbitrator of competent jurisdiction, such provision shall be modified to the minimum extent necessary to make it valid and enforceable while preserving its intent, or if such modification is not possible, such provision shall be severed from this Agreement. The remaining provisions shall remain in full force and effect.

Notwithstanding the foregoing paragraph, in the event that a court finds the prohibition of Collective Arbitration under the Dispute Resolution and Arbitration Section to be invalid or unenforceable, then all provisions related to arbitration in that section shall be deemed void, except for any portion of any provision in that section related to the resolution of Disputes through litigation in court.

Entire Agreement

This Agreement constitutes the entire agreement between you and Issuer regarding the subject matter hereof and supersede all prior or contemporaneous agreements, understandings, representations, and communications whether written or oral, regarding such subject matter.<br>

Limitation of Liability<br>

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL ISSUER, ITS AFFILIATES, OR ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SERVICE PROVIDERS, OR LICENSORS BE LIABLE TO YOU FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, PUNITIVE, OR OTHER SIMILAR DAMAGES, INCLUDING BUT NOT LIMITED TO LOST PROFITS, LOST REVENUE, LOST DATA, LOSS OF GOODWILL, BUSINESS INTERRUPTION, OR LOSS OF BUSINESS OPPORTUNITY, WHETHER ARISING IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, EVEN IF ISSUER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. <br>

IN NO EVENT SHALL ISSUER’S TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR YOUR ACCOUNT EXCEED THE LESSER OF (A) YOUR ACTUAL DIRECT DAMAGES PROVEN OR (B) THE TOTAL AMOUNTS PAID BY YOU IN CONNECTION WITH THIS AGREEMENT IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM.

Indemnity<br>

You will indemnify and defend Issuer, its affiliates, and its partners, directors, officers, employees, agents, trustees, administrators, managers, advisors, and representatives (each an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all claims, litigation, investigations, proceedings, losses, damages, fines, penalties, liabilities, settlements, costs, fees, and expenses incurred by any Indemnitee or asserted against any Indemnitee by any person arising out of, in connection with, related to, or as a result of your (i) breach of any of the representations, warranties, or covenants contained in this Agreement; or (ii) gross negligence, fraud, or violation of any applicable law or rights of any third-party. Issuer may defend any claim subject to indemnification hereunder, using counsel of its choice, and you will pay or promptly reimburse Issuer for the reasonable fees of such counsel and all related costs and reasonable expenses. If you are a user from a jurisdiction that does not allow certain indemnification obligations, you agree that this indemnity is intended to be as broad as permitted under the laws of such jurisdiction.&#x20;

Your Billing Rights: Keep This Document For Future Use

This notice is for Consumers using the Card Account and tells you about your rights and our responsibilities under the Fair Credit Billing Act.

What To Do If You Find A Mistake On Your Statement

If you think there is an error on your statement, write to us at:

30 N Gould St Ste N Sheridan, WY 82801 USA<br>

In your letter, give us the following information:<br>

* Account information: Your name and account number.
* Dollar amount: The dollar amount of the suspected error.
* Description of problem: If you think there is an error on your bill, describe what you believe is wrong and why you believe it is a mistake.<br>

You must contact us:

* Within 60 days after the error appeared on your statement.
* At least 3 business days before an automated payment is scheduled, if you want to stop payment on the amount you think is wrong.

You must notify us of any potential errors electronically at <support@anodos.finance>. You may call us or notify us electronically, but if you do we are not required to investigate any potential errors and you may have to pay the amount in question.

What Will Happen After We Receive Your Letter<br>

When we receive your letter, we must do two things:

* Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already corrected the error.
* Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the bill is correct.<br>

While we investigate whether or not there has been an error:<br>

* We cannot try to collect the amount in question, or report you as delinquent on that amount.
* The charge in question may remain on your statement, and we may continue to charge you interest on that amount.
* While you do not have to pay the amount in question, you are responsible for the remainder of your balance.
* We can apply any unpaid amount against your credit limit (where applicable).&#x20;

After we finish our investigation, one of two things will happen:

* If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount.
* If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest and fees. We will send you a statement of the amount you owe and the date payment is due. We may then report you as delinquent if you do not pay the amount we think you owe.<br>

If you receive our explanation but still believe your bill is wrong, you must write to us within 10 days telling us that you still refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your bill. We must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when the matter has been settled between us.

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If we do not follow all of the rules above, you do not have to pay the first $50 of the amount you question even if your bill is correct.

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Your Rights If You Are Dissatisfied With Your Credit Card Purchases

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If you are dissatisfied with the goods or services that you have purchased with your credit card, and you have tried in good faith to correct the problem with the merchant, you may have the right not to pay the remaining amount due on the purchase.

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To use this right, all of the following must be true:

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* The purchase must have been made in your home state or within 100 miles of your current mailing address, and the purchase price must have been more than $50. (Note: Neither of these are necessary if your purchase was based on an advertisement we mailed to you, or if we own the company that sold you the goods or services.)
* You must have used your credit card for the purchase. Purchases made with cash advances from an ATM do not qualify.
* You must not yet have fully paid for the purchase.

If all of the criteria above are met and you are still dissatisfied with the purchase, contact us electronicallyat: <support@anodos.finance>

While we investigate, the same rules apply to the disputed amount as discussed above. After we finish our investigation, we will tell you our decision. At that point, if we think you owe an amount and you do not pay, we may report you as delinquent.

Additional Disclosures for Residents of Certain States

Maryland Residents: &#x20;

* This Agreement is governed by the Credit Grantor Revolving Credit Provisions in Subtitle 9 of Title 12 (Credit Regulations) of the Maryland Commercial Law, Md. Commercial Law Code Ann. § 12-901, et. seq.
* Upon your default pursuant to the terms of this Agreement, we may recover from you our attorneys’ fees and all court or other collection costs actually incurred by us in connection with your default.
* You acknowledge that you received a copy of this Agreement.

South Dakota Residents:  Any improprieties regarding this loan or our lending practices may be referred to the South Dakota Division of Banking at: Division of Banking, South Dakota Department of Labor and Regulation, 1714 Lincoln Ave., Suite 2, Pierre, SD 57501.  Phone: 605.773.3421.

Wisconsin Residents: &#x20;

* Notwithstanding anything to the contrary in this Agreement, we will not be entitled to recover our attorneys’ fees from you upon default.
* Notwithstanding anything to the contrary in this Agreement, this Agreement shall be governed by Wisconsin law and any legal action that we bring against you, if any, will be in Wisconsin.
* By accepting this Agreement, you are certifying that this Account is being incurred by you in the interest of your marriage or family.&#x20;
* No provision of any marital property agreement (including any premarital agreement), unilateral statement under §766.59 of the Wisconsin Statutes, or court decree under §766.70 of the Wisconsin Statutes adversely affects our interest unless we, prior to the time that the loan is approved, are furnished with a copy of the marital property agreement, a statement, or a decree or have actual knowledge of the adverse provision.&#x20;
* You must notify us if you have a spouse and provide us with their name and address so that we can provide a copy of this Agreement or otherwise notify your spouse of this Account. &#x20;
* Your spouse may terminate the Account by requesting termination in writing, in which case we may require you to pay the entire amount due to us immediately.  Termination of the Account by your spouse does not reduce or remove any of your liability to us in connection with the Account.

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# Anodos Card Terms for International Consumer Program

Last Updated: August 31, 2026

These Anodos Card Terms (the “Card Terms”) are a binding agreement between you (“you” or “your”) and the Issuer (“we”, “us”, or “our”) that governs your use of the Anodos Card, including the process for obtaining and managing the Card through services made available by Anodos Labs Inc. (“Anodos”). Important Disclosures

PLEASE REVIEW THE ARBITRATION CLAUSE AND NOTICES SET FORTH BELOW IN SECTION 16. BY USING THE CARD, YOU ARE AGREEING TO THE ARBITRATION CLAUSE AND NOTICES SET FORTH IN THAT SECTION. THE ARBITRATION CLAUSE WILL HAVE A SUBSTANTIAL EFFECT ON YOUR RIGHTS IN THE EVENT OF A DISPUTE, INCLUDING YOUR RIGHT TO BRING OR PARTICIPATE IN A CLASS PROCEEDING.

Rates, fees, and other important information about your \[Partner Name] Spend Card (“\[Partner Name] Card” or “Card”) are set forth in these Important Disclosures.

Effective as of August 31, 2026

Interest Rates and Interest Charges 0%

Annual Percentage Rate (APR) for Purchases 0%

Your Anodos Card currently has 0 % interest on purchases. Issuer and Anodos reserve the right to implement interest in the future, for new purchases only after disclosure as required by applicable law and these Card Terms. Fees

Transaction Fee

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      Foreign Purchases
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* Card FX Fee / International Transaction Fee: Freemium / Free: 1.50%; Pro: 1.25%; Elite: 1.00% of each transaction in U.S. dollars

  ```
         - Cross Border / international transaction fee: included in the Card FX Fee above. No separate Anodos cross-border fee is charged unless disclosed to you before the transaction or in the applicable fee schedule.


       Penalty Fees

           - Late payment: Up to $40

           - Returned payment: Up to $29

          
  ```

‍WHEN YOU APPLY FOR A CARD ACCOUNT, ACTIVATE A CARD, OR OTHERWISE PARTICIPATE IN THE PROGRAM IN ANY WAY, YOU REPRESENT THAT YOU HAVE READ, UNDERSTAND, AND AGREE TO THESE CARD TERMS.

Terms

Background:

The Anodos Card is provided to you on behalf of Anodos Card in connection with your status as Anodos customer and pursuant to your separate Anodos Terms of Use between you and Anodos (the “User Agreement”). The Issuer is not a party to the User Agreement and disclaims any liability for the performance of services covered therein.

Anodos has opened a Anodos Account for purposes of facilitating transactions you make using a Card based on a limit established by Anodos pursuant to the User Agreement. You understand that you have access to the Services and Anodos Card only to the extent authorized by Anodos. You acknowledge and agree that Anodos will satisfy obligations created through your use of the Anodos Card and you will repay Anodos Card based on the terms of your User Agreement, subject to the terms below. In the event of a conflict between these Card Terms and your User Agreement, these Card Terms will control.

Details on Anodos’ collection, use, and handling of your personal data are described in Anodos Privacy Policy Please review it carefully and contact Anodos if you have any questions. By opening, using, or maintaining a Card, you consent to and direct Issuer to share information relating to transactions, including receipt information or other personal data, in order to deliver the Services.

Issuer:

The card program is issued by the Issuer under license from Visa. The information about the cost of the Card described in the above table is accurate as of August 31, 2026. This information may change after that date. To find out what may have changed, call or write the servicer, at <support@anodos.finance> or +1 (307) 683-5768.

Issuer reserves the right to amend these Card Terms or impose additional obligations or restrictions on you at any time with or without notice to you. By continuing to use the Services, you agree to be bound by such amendments or additional obligations or restrictions. The date on the top of this page shows when the Card Terms were last updated. Capitalized terms that are not defined here have the definitions provided in the User Agreement.

Anodos Labs Inc. provides technology services in connection with the Anodos Card, and is not a bank, credit union, or money services business and does not itself extend credit, set interest rates, determine repayment terms or hold Collateral. Nothing in these Card Terms shall be construed as creating a lender-borrower relationship between you and Anodos Labs Inc..

You acknowledge and agree that Anodos:

is an express third-party beneficiary of these Card Terms, with the limited right to enforce obligations that directly relate to its role; is not responsible for any decisions by the Issuer to approve, decline, suspend or close your Card account.\
Anodos may, at the request of the Issuer, the payment network or a regulatory authority, suspend or restrict your access to the Anodos platform or certain features, to protect against fraud, comply with applicable laws or manage program risk; does not control and is not responsible for the operation, security, or performance of the smart contracts used to hold your Collateral; and is not responsible for merchant acceptance of your Anodos Card or for resolving disputes about goods or services purchased with the Anodos Card.

Defined Terms:

“Card Networks” means the payment card networks including Visa or Mastercard.

“Charge” means a payment for goods or services made to a merchant that accepts payments on the applicable Card Network.

“Chargeback” means a dispute that you initiate against a merchant for an unresolved dispute with the merchant or where a Charge is unauthorized.

“Fee” means charges we impose on you for use of Services or your use of a Anodos Card.

“Issuer” refers to Third National, including its affiliates, successors, and assigns.

“Periodic Statement” means the periodic statements that reflect activity for all Cards issued to you identifying charges, fees, refunds, or other amounts owed or credited to your Anodos Account during the time covered by that statement.

“Supported Blockchains” means the Ethereum Blockchain, Polygon Blockchain, Optimism Blockchain, Arbitrium Blockchain and other blockchain networks which may be added at the sole discretion of Issuer. We may update this list of Supported Blockchains at any time and at our sole discretion.

Agreement:

1. Accepting this Agreement & Eligibility

These Card Terms become effective and legally binding when you activate or create your Card by following the instructions on the Anodos platform. You and we agree to comply with, and be bound by, this entire agreement. You should retain and carefully review these Card Terms. By creating a Card, you agree to the Arbitration Clause below as it pertains to these Card Terms, even if you do not use the Account or the Card.

By using a Card you represent and warrant in your individual capacity that:

You are not a person who is blocked or sanctioned by the United States Government, including those identified by the United States Office of Foreign Asset Controls (OFAC). You will use the Services exclusively for purposes permitted by these Card Terms. All information you provide to us, either directly or through Anodos Card , is and will be true, correct, and complete.\
You will use the Anodos Card for personal, family, or household use.\
You will only use the Anodos Card in compliance with applicable law You attest that you are not a United States citizen, and that you are signing up for a card that is intended for those outside of the United States. You attest that you were not solicited for this Card.

2. Issuer Terms

The Issuer is identified on the back of the Anodos Card issued to you and is responsible for funding your payments for goods and services you purchase at a merchant through your Anodos Card and based on information provided by Partner. Please note that the Issuer may require you to accept additional terms in addition to the agreements you have with Anodos Card , and your use of the Anodos Cards will then also be subject to such additional terms.

3. Collateral

This Account is a secured Account. Either your primary Linked Wallet or any Additional Wallets may provide the collateral that will secure the Charges made by you on any Card (the “Collateral”). The Collateral must be held in a wallet on a Supported Blockchain. By entering into these Card Terms, you are furnishing and granting us a security interest in the Collateral, as well as any additions to, substitutions or renewals of the Collateral. No portion of the Collateral may be used by you to secure other loans.

A “Liquidation Event” will occur a) if you have an outstanding payment obligation to Anodos Card or the Issuer, as applicable, and such payment obligation has not been paid in full by you within one (1) calendar day; OR b) the Market Value of your Collateral drops below the value of the existing charges on your Anodos Card(s) and you do not add additional collateral or reduce the value of the existing charges to less than the Market Value of the Collateral by making a payment. Anodos and Issuer may allow for an additional grace period at their discretion.

“Market Value” of the Collateral will be determined by Anodos and/or Issuer using the net redemption value provided by a centralized stablecoin issuer and/or the real time price posted on a reputable and recognized exchange or price aggregator, or by reference to a price oracle, subject to Anodos or Issuers discretion. You agree to pay all transaction costs or “gas” fees relating to the any Liquidation transaction and that all such costs or fees will be paid from your Collateral and will not be credited to your Account. You agree that the market value of your collateral is determined solely by Issuer through the above methods. You further agree that the Market Value is determined at the time of a Liquidation Event and any change in or fluctuation in value of the Collateral before or after a Liquidation Event will have no bearing on obligations owed to Anodos and/or Issuer.

You, through one or more of your Linked Wallet or Additional Wallets, must ensure that the Collateral has a Market Value in United States Dollars (“USD”) that is greater than or equal to the value of all unpaid Charges to all of your Anodos Cards. For example, if you provide Digital Assets with a Market Value equal to $100 of value in USD, and that Market Value does not change, your spending limit will be equal to $100 USD across all your Anodos Cards. Once $100 USD has been charged to your Anodos Cards, you will be required to either make a payment or to provide additional Collateral in order to make any additional Charges. If, at any time, the Market Value of your Collateral becomes less than the value of all unpaid Charges, we may require you to add to the Collateral or you may be subject to a Liquidation Event, at our discretion. If the Market Value of your Collateral is subject to a Liquidation Event when the Market Value is below your existing charges, you still owe Anodos and Issuer any difference between the USD value of the charges, and the USD value of the collateral at the time of the Liquidation Event.

Your withdrawal of any Collateral will not terminate any outstanding payment obligations you may have on your Anodos Cards.

Anodos and Issuer will not, in any circumstance, be holding custody of your Collateral. Issuer is not a custodian or owner of your Collateral. You authorize and consent to Anodos Card or Issuer liquidating the Collateral upon a Liquidation Event through a third party or by other means in order to satisfy payment obligations owed by you to Anodos , the Issuer or other third party, as applicable.

You acknowledge and agree that the Supported Blockchains, including any Supported Blockchains that consist of or include tokenized assets, are issued and managed by third parties, and are subject to their own terms, conditions, and risks. We and Anodos make no representations or warranties regarding any Supported Blockchain, or any underlying Collateral related to such Supported Blockchain, including but not limited to their value, liquidity, stability, yield, rewards, or any other attributes. We and Anodos expressly disclaim all responsibility and liability for any losses, fluctuations, or other outcomes arising from the ownership, use, performance, or characteristics of any Supported Blockchain and/or Collateral. You are responsible for evaluating and accepting the risks associated with any Supported Blockchain you use to provide Collateral.

You waive any right to require us to: (a) proceed against any other person; (b) proceed against or exhaust any security held under these Card Terms; or (c) pursue any other remedy available to us under applicable law. We may, without prior notice, and from time to time: (a) renew, compromise, extend, accelerate or otherwise change the terms relating to the Account; (b) take and hold security (other than the Collateral) for payment of the Account and enforce, exchange and release the security in any manner that we determine is proper; (c) release or substitute any person, guarantor, or endorser of the Account; and (d) increase or lower the Credit Limit on your Account, and no such action shall change the fact that the Collateral shall at all times serve as security for the Account.

4. Spending Limits

Your spending limit is generally set by Anodos pursuant to the terms of the Anodos Terms and the amount of Collateral. Issuer may additionally set spending limits on each Anodos Card or an aggregate spending limit across all Anodos Cards, at its sole discretion. Anodos Account Spending limits are dynamic and may be modified at any time with or without notice to you, including temporary increases or decreases or reducing spending limits to $0. Any authorized Charge or fee on a Anodos Card may reduce your spending limit by a corresponding amount.

When you use your Anodos Card to initiate a transaction at certain merchants where the amount of the final transaction is unknown at the time of authorization, Issuer may assess a value to such a Charge for an amount higher or lower than the final Charges. This initial “hold” Charge will reduce your spending limit until the final Charge is determined.

5. Purchases & Restrictions

Anodos and Issuer reserve the right to block and terminate transactions and suspend access to your Account, unless prohibited by applicable law, at any time and for any reason, including if we believe that you are using the Card or your Account for non-consumer purposes. You may use your Account to purchase or lease goods or services (each, a “Purchase”) by presenting your Card or providing to participating merchants and establishments that honor the Card your Card number and additional information by any other means (for example, over the phone, online or through a mobile app). We will not be liable to you (or anyone else) if any merchant or other person cannot or will not process a purchase permitted under these Card Terms. Unless prohibited by applicable law, we may from time to time limit the type, number and dollar amount of any purchase, including any cash-like transaction, even if you have sufficient available credit to complete the purchase. Cash-like transactions include, but are not limited to, the following transactions to the extent they are accepted:

• purchasing travelers checks, foreign currency, money orders, wire transfers, cryptocurrency, other similar digital or virtual currency and other similar transactions; • purchasing lottery tickets, casino gaming chips, race track wagers, and similar offline and online betting transactions; • person-to-person money transfers and account-funding transactions that transfer currency; and • making a payment using a third-party service including bill payment transactions not made directly with the merchant or their service provider.

We reserve the right to deny any purchase for any reason, such as account default, suspected fraudulent or unlawful activity, internet gambling, or any indication of increased risk related to the purchase. We may terminate or suspend your use of the Card or the Account, with or without notice to you before or at the time we take such action. Cash advances and balance transfers are not available under these Card Terms.

You acknowledge and agree that you  must comply with the Rain Prohibitions List described below.\
[Rain Prohibitions List](https://legal.raincards.xyz/legal/prohibitions)&#x20;

You acknowledge and agree that you will not use the Anodos Card (1) for any expense which is not an expense incurred by you; (2) for any purpose prohibited by these Card Terms; or (3) for, with, or for the benefit of any individual or entity who is blocked or sanctioned by the United States, including those identified by the United States Department of Treasury’s Office of Foreign Assets Control (OFAC).

You will use all reasonable means to protect your Anodos Cards and log-in credentials to the Anodos Account from unauthorized use. You will not allow any other person or third party to use the Services or the Anodos Card on your behalf. You will immediately notify us where you know or suspect that access to your Anodos Account has been compromised or your Anodos Card has been lost, stolen, or compromised in any way.

6. Payments

6.1 Promise to Pay

While you will generally repay Anodos for amounts transacted with your Card, you also promise to pay Issuer or its assignees for all amounts charged to the Account not repaid to Issuer by Partner, including all purchases, interest, and charges charged to your Account. Except as prohibited by applicable law, you are obligated to repay Anodos or its assignees, for all transactions made using your Card by people you have authorized to use the Card even if their use of the Card exceeds the authorization which you gave them,

6.2 Periodic Statements

You are responsible for payment in full of all Charges and Fees. Your Anodos Account may furnish to you Periodic Statements identifying Charges, Fees, refunds, the amount of your Collateral, any other Card transactions, or other amounts owed or credited to your Anodos Account. Periodic Statements may be made accessible to you on your Anodos Account daily, monthly, or as otherwise prescribed by Issuer. You must notify us promptly if you believe that there are any errors on your Periodic Statement, and submit any disputes or Chargebacks in accordance with these Card Terms. We are not obligated to send you a monthly statement if we deem your Account to be uncollectible or applicable law does not require us to send you a monthly statement for other reasons. Your failure to get a statement will have no bearing on your obligations and Anodos and Issuer may still liquidate your collateral per Section 3 of this agreement.

6.3 Repayment

Where applicable, you may make a repayment for a balance on one or more of your Anodos Cards by any means that are permitted by Anodos and as provided in your Anodos Account.

Any failure to pay the full amount owed to Anodos or the Issuer, as applicable, when required is a breach of these Card Terms. You are responsible for all costs or expenses that we may incur in collecting amounts owed but not timely paid, including legal or collections fees and any interest at the maximum rate permitted under law.

6.4 Prepayment

At any time and where applicable, you may pay all or any part of your outstanding Account balance, without penalty. Payment of more than the payment due in one billing cycle will not relieve you of the obligation to pay the entire payment due in subsequent billing cycles.

7. Fees.

Tier-Based Fee Schedule The fees applicable to your Anodos Card depend on your Anodos membership tier at the time the relevant transaction, fee, or benefit is assessed. If you change tiers, the fees and benefits for the new tier apply from the effective time disclosed in the Anodos app. (i) Freemium / Free tier — Financial Freedom. Subscription fee: $0.00. Card FX Fee / International Transaction Fee: 1.50% of each transaction in U.S. dollars. ATM withdrawal fee, where ATM withdrawals are enabled: $1.00 plus 1.75% of the withdrawal amount. Monthly ATM withdrawal limit: $5,000. Currency exchange fee for supported non-card currency conversion: 1.00%. Extra virtual Card fee: $20 per additional virtual Card. Extra virtual account fee: $20 per additional account. (ii) Pro tier — Empower Pro. Subscription fee: $9.99 per month, or $99.90 per year if you select an annual plan. Card FX Fee / International Transaction Fee: 1.25% of each transaction in U.S. dollars. ATM withdrawal fee, where ATM withdrawals are enabled: $1.00 plus 1.00% of the withdrawal amount. Monthly ATM withdrawal limit: $10,000. Currency exchange fee for supported non-card currency conversion: 0.75%. Extra virtual Card fee: $10 per additional virtual Card. Extra virtual account fee: $10 per additional account. (iii) Elite tier — Sovereign Elite. Subscription fee: $29.99 per month, or $299.90 per year if you select an annual plan. Card FX Fee / International Transaction Fee: 1.00% of each transaction in U.S. dollars. ATM withdrawal fee, where ATM withdrawals are enabled: $1.00 plus 0.75% of the withdrawal amount. Monthly ATM withdrawal limit: $15,000, subject to applicable Card limits, risk controls, provider availability, law, and network rules. Currency exchange fee for supported non-card currency conversion: 0.50%. Extra virtual Card fee: $10 per additional virtual Card. Extra virtual account fee: $10 per additional account. (iv) Additional terms. Yields, referral revenue share, partner perks, premium early access, portfolio analytics, investments in stocks, metals and crypto, virtual accounts, local receiving details, and other membership benefits are Anodos program benefits and are not credit terms. These benefits may be subject to eligibility, supported jurisdictions, provider availability, separate product terms, market conditions, risk controls, and applicable law.

The Fees applicable to your Account are described above. You are responsible for Fees in addition to Charges. Returned Payment fees become payable by you each time a payment on your Account is returned or reversed for any reason or we must return any check, instrument, or transaction you send us because it is incomplete or faulty, we will charge you a returned payment fee of $29.00. However, we will not charge a returned payment fee if we are charging a late fee with respect to the same minimum payment due and will never charge a returned payment fee exceeding the minimum payment due that was due immediately prior to the date on which the payment was returned to us. Foreign Currency Transactions. If you make a transaction using your Account in a foreign currency (including, for example, online purchases from a merchant located outside of the U.S.), the credit card association will convert any transaction in foreign currency into U.S. dollars using an exchange rate for the applicable central processing date that is (1) selected by the association from the range of rates available in wholesale currency markets, which rate may vary from the rate the association receives, or (2) the government mandated rate. The conversion rate you get may differ from the rate on the transaction date or the posting date, and from the rate that the credit card association gets. A merchant or other third party may convert a transaction into U.S. dollars or another currency, using a rate they select, before sending it to the credit card association. Additional Services. We may, from time to time, make additional services available to you directly or through affiliated or non-affiliated third parties. Without limitation, such services may include providing you with virtual accounts in order to enable you to use your Account or otherwise engage in various financial transactions that we do not directly provide. Each such service is subject to its own terms and conditions, and we shall not be responsible to you for any aspect of those services. We may permit you to charge any applicable fees for such services to your Account. You acknowledge and agree that we may receive compensation or otherwise benefit as a result of making such services available to you.

8. Managing Your Anodos Cards

8.1 Requesting and Replacing Cards

We or AnodosCardmay decide not to grant requests for Anodos Cards or limit the number of physical or virtual Anodos Cards provided to you.

You are responsible for securing Anodos Cards, account numbers, and Anodos Card security features. You will promptly notify us and take appropriate measures to prevent unauthorized transactions when a Anodos Card is lost, stolen, breached, or needs to be replaced. In such cases, you may request the issuance of replacement Anodos Cards through your Anodos Account. Replacement Cards may have new account numbers that could require you to update the Anodos Card on file for any scheduled or recurring payments. You are solely responsible for updating Anodos Card information stored with merchants where account numbers have been changed.

8.2 Permitted and Unauthorized Use

You agree to establish and maintain controls designed to ensure that the Anodos Cards are only used by you and your permitted authorized users for bona fide purposes and in compliance with these Card Terms, any Issuer terms, and applicable law. You are responsible for Charges and transactions made by any person given access to Anodos Cards even if they are not the person associated with or named on the Anodos Card.

Anodos Card, Issuer, Card Networks, or other intermediary third-party service providers (including merchant acquirers) may deny or reverse Charges for any reason. Issuer is not responsible for any losses, damages, or harm caused by any Charges that are denied or reversed.

8.3 Lost or Stolen Cards.

If your Card is lost or stolen or if you think someone may be using your Card or Account without your permission, you must notify us promptly by emailing us at <support@anodos.finance> or calling us at+1 (307) 683-5768. You will not be liable for any unauthorized use that occurs after you notify us. You may, however, be liable for unauthorized use that occurs before receipt of your notice by us. You have an obligation to assist us in our investigation if your Anodos Card is lost or stolen or you believe someone is using your Anodos Card or your Anodos Account without your permission.

9. Chargebacks

You are responsible for reviewing your Periodic Statements promptly and identifying any Charges that you believe are unauthorized or that you dispute.

If you and a merchant have a dispute regarding a Charge identified on your Periodic Statement, such as delivery of incorrect goods or services or being charged the wrong amount, you should first attempt to resolve the dispute with the merchant. If the dispute is not resolved to your satisfaction or if you believe the Charge is unauthorized, you may initiate a Chargeback through your Anodos Account. You must report any disputed Charge or error no more than 60 days after the disputed Charge is posted on your Periodic Statement. We may require additional details on the transaction and our review of your disputed Charge will be conditioned on you providing all of the information we may require to review the disputed Charge.

You understand that the Anodos Card is subject to Card Network rules regarding chargebacks. The Card Networks have additional established procedures for resolving chargebacks that may require you to provide further details of the disputed Charge or associated documentation.

Charges relating to disputed Charges and Chargebacks that are pending resolution may still be due and owing as of the date that payment is due as provided in the applicable Periodic Statement. Chargebacks resolved in your favor will be credited to your Anodos Account on either the current or a future Periodic Statement. We may impose Fees, reduce your spending limits, or suspend access to your Anodos Account or the Services if you fail to pay Charges relating to Chargebacks that are pending resolution on the payment date.

10. Termination

Subject to applicable law, we may suspend, revoke or cancel your Account privileges, your right to use the Card or deny any transaction, in our sole discretion at any time, with or without cause and with or without giving you notice. Any termination of credit privileges, whether initiated by us or by you, will not affect any of our rights or your obligations under these Card Terms, including your obligation to repay any amounts you owe us according to the terms of these Card Terms. On our demand or upon termination of credit privileges, you agree to surrender to us or destroy the Card. If you attempt to use the Card after the termination of credit privileges (whether or not we have provided notice of such termination), the Card may be retained by a merchant, ATM or financial institution where you attempt to use the Card.

11. Change of Terms

Subject to applicable law, we may at any time change, add to or delete terms and conditions of these Card Terms, including interest rates and this Change of Terms provision. Such changes may be based on our anti-fraud policies and procedures, your level of compliance with these Card Terms, prevailing economic conditions and/or any other factors. We will give you notice of any change, addition or deletion as required by applicable law. As of the effective date, the changed terms, at our option, will apply to new purchases and the outstanding balances of your Account, to the extent permitted by applicable law.

12. Default and Remedies

We may consider you in default of these Card Terms if:

You do not make any payment when it is due; Any payment you make is rejected, not paid or cannot be processed; You exceed a credit limit; A bankruptcy or other insolvency proceeding is filed by or against you; We determine that you made a false, incomplete or misleading statement on any of your Account documentation, or you otherwise tried to defraud us; We reasonably believe that you are or may become unable to pay all of your financial obligations; or You do not comply with any term of these Card Terms or any other agreement with us.

In the event of your default under these Card Terms, we may, subject to applicable law (including any applicable notice requirement): (a) declare all or any portion of your outstanding Account balance to be immediately due and payable; (b) instead allow you to repay your Account balance by paying the minimum payment due each billing cycle, without waiving any rights under subsection (a); and/or (c) commence a collection action against you and charge you for any court costs and/or any reasonable attorneys’ fees and costs we are charged in connection with such action by any attorney who is not our salaried employee. After a default, interest charges will continue to accrue until your total Account balance, including accrued interest charges, is paid in full, subject to applicable law.

13. ‍ Delay in Enforcement

We may at any time and in our sole discretion delay or waive enforcing any of our rights or remedies under these Card Terms or under applicable law without losing any of those or any other rights or remedies. Even if we do not enforce our rights or remedies at any one time, we may enforce them at a later date. For example, we may accept late payments without losing any of our rights under these Card Terms.

14. Communications and Call Recording.

You authorize Anodos , Issuer and their partners (each of Issuer’s affiliates, agents, assigns, and service providers (collectively, the “Messaging Parties”) to use automatic telephone dialing systems, artificial or prerecorded voice message systems, text messaging systems and automated email systems, or any system capable of storing and dialing telephone numbers to deliver messages relating to these Card Terms, your Account, or your relationship with the Messaging Parties more generally (including but not limited to: messages about upcoming payment due dates, missed payments and returned payments) to any telephone number(s) you provide to the Messaging Parties. You also agree that these messages may deliver prerecorded and/or artificial voice messages. You understand that telephone messages may be played by a machine automatically when the telephone is answered, whether answered by you or someone else, and that these messages may also be recorded by your answering machine. You also authorize the Messaging Parties to deliver messages to you via mail or email at any addresses you supply to them or that they obtain through any legal means.

By accepting these Card Terms or using your Card, you acknowledge that you have received, reviewed, and agree to be bound by the Issuer’s E-Sign & Electronic Communications Notice (the “E-Sign Notice”), which is incorporated herein by reference. You consent to receive all disclosures, notices, agreements, and other communications from Issuer and the Messaging Parties in electronic form, in accordance with the E-Sign Notice. You agree that such electronic communications satisfy any legal requirement that such communications be in writing. The E-Sign Notice may be amended by Issuer from time to time, and your continued use of the Card after any such amendment constitutes your acceptance of the amended E-Sign Notice.

You understand that anyone with access to your mail, telephone or email account may listen to or read the messages the Messaging Parties leave or send you, and you agree that the Messaging Parties will have no liability for anyone accessing such messages. You further understand that, when you receive a telephone call, text message or email, you may incur a charge from the company that provides you with telecommunications, wireless and/or internet services, and you agree that the Messaging Parties will have no liability for such charges except to the extent required by applicable law. You expressly authorize the Messaging Parties to monitor and record your calls with the Messaging Parties. If any telephone number you have provided to the Messaging Parties changes, or if you cease to be the owner, subscriber, or primary user of any such telephone number, you agree to immediately give notice to the Messaging Party who delivered the messages of such facts so that the Messaging Party can update its records.

This authorization is part of our bargain concerning these Card Terms, and we do not intend it to be revocable. However, to the extent you have the right to revoke your consent to communications by autodialed calls and text messages to your mobile number under applicable law, you may exercise this right by contacting the applicable Messaging Party directly or by sending a request by email to \[Partner Support Email Address] with the subject line “END COMMUNICATIONS.” You may opt-out of receiving most of these messages at any time by sending us a request to <support@anodos.finance> or by responding “STOP” to any text message. To stop emails only, you can follow the opt-out instructions included at the bottom of the Messaging Parties’ emails.

15. Governing Law

These Card Terms will be interpreted in accordance with the laws of Puerto Rico without regard to conflict-of-law provisions. Judicial proceedings (other than small claims actions) that are excluded from the Arbitration section below must be brought in state or federal court in Puerto Rico, unless we both agree in writing to some other location, and you hereby consent to the venue and personal jurisdiction of such court.

16. Dispute Resolution & Arbitration

PLEASE READ THIS "DISPUTE RESOLUTION AND ARBITRATION" PROVISION VERY CAREFULLY. IT LIMITS YOUR RIGHTS IN THE EVENT OF A DISPUTE BETWEEN YOU AND ISSUER. ANODOS IS THE TECHNOLOGY PROVIDER FOR THE CARD BUT IS NOT THE ISSUER, CREDITOR OR LENDER. ANODOS IS NOT A PARTY TO THESE CARD TERMS AND HAS NO LIABILITY FOR THE ISSUER’S OBLIGATIONS UNDER IT. HOWEVER,ANODOSIS AN EXPRESS THIRD-PARTY BENEFICIARY OF THESE CARD TERMS WITH RESPECT TO ANY PROVISIONS THAT ALLOCATE RISK, DISCLAIM LIABILITY, LIMIT REMEDIES OR REQUIRE DISPUTES TO BE RESOLVED THROUGH ARBITRATION. ACCORDINGLY, TO THE EXTENT A DISPUTE INVOLVES ANODOS , ANODOS SHALL BE ENTITLED TO INVOKE AND BENEFIT FROM THE SAME PROTECTIONS, LIMITATIONS AND DISPUTE RESOLUTION PROCEDURES AS THE ISSUER. TO THE EXTENT YOU HAVE ANY DISPUTE YOU MAY HAVE WITH ANODOS RELATING SOLELY TO SERVICES PROVIDED TO YOU UNDER YOUR SEPARATE USER TERMS WITH ANODOS , SUCH DISPUTES WILL BE GOVERNED EXCLUSIVELY IN ACCORDANCE WITH THE ANODOS USER TERMS.

Binding Arbitration:

(a) You and Issuer agree that any and all past, present and future Disputes (defined below) shall be determined by arbitration, unless your Dispute is subject to an exception to this agreement to arbitrate set forth below. You and Issuer further agree that any arbitration pursuant to this section shall not proceed as a class, group or representative action. The award of the arbitrator may be entered in any court having jurisdiction. “Dispute” means any dispute, claim, or controversy between you and Issuer that arises out of or relates to (i) these Card Terms (including any addenda hereto or other terms incorporated herein by reference), (ii) the breach, termination, enforcement, interpretation or validity hereof, including the determination of the scope or applicability of the agreement to arbitrate hereunder, or (iii) any Services (including, without limitation, the Anodos Card).

(b) This agreement to arbitrate shall be construed under and be subject to the Federal Arbitration Act, notwithstanding any other choice of law set out in these Card Terms.

Arbitration Procedure:

(a) Before filing a claim against Issuer, you agree to try to resolve the Dispute informally by providing written notice to Issuer of the actual or potential Dispute. Similarly, Issuer will provide written notice to you of any actual or potential Dispute to endeavor to resolve any claim we may possess informally before taking any formal action. The party that provides the notice of the actual or potential Dispute (the "Notifying Party") will include in that notice (a "Notice of Dispute") your name, the Notifying Party's contact information for any communications relating to such Dispute, and sufficient details regarding such Dispute to enable the other party (the "Notified Party") to understand the basis of and evaluate the concerns raised. If the Notified Party responds within ten (10) business days after receiving the Notice of Dispute that it is ready and willing to engage in good faith discussions in an effort to resolve the Dispute informally, then each party shall promptly participate in such discussions in good faith.

(b) If, notwithstanding the Notifying Party's compliance with all of its obligations under the preceding paragraph, a Dispute is not resolved within thirty (30) days after the Notice of Dispute is sent (or if the Notified Party fails to respond to the Notice of Dispute within ten (10) business days), the Notifying Party may initiate an arbitration proceeding as described below. If either party purports to initiate arbitration without first providing a Notice of Dispute and otherwise complying with all of its obligations under the preceding paragraph, then, notwithstanding any other provision of these Card Terms, the arbitrator(s) will promptly dismiss the claim with prejudice and will award the other party all of its costs and expenses (including, without limitation, reasonable attorneys' fees) incurred in connection with such Dispute.

(c) You and Issuer each agree to resolve any Disputes that are not resolved informally as described above through final and binding arbitration as discussed herein, except as set forth under Section 12.3 below. You and Issuer agree that the American Arbitration Association ("AAA") will administer the arbitration under its Consumer Arbitration Rules (the "Rules"). The Rules are available at [www.adr.org](http://www.adr.org) or by calling the AAA at 1-800-778-7879. A party who desires to initiate arbitration must provide the other party with a written Demand for Arbitration as specified in the AAA Rules. (The AAA provides a general Demand for Arbitration.) Arbitration will proceed on an individual basis and will be handled by a sole arbitrator. The single arbitrator will be either a retired judge or an attorney licensed to practice law and will be selected by the parties from the AAA's roster of arbitrators. If the parties are unable to agree upon an arbitrator within fourteen (14) days of delivery of the Demand for Arbitration, then the AAA will appoint the arbitrator in accordance with the AAA Rules. The arbitrator(s) shall be authorized to award any remedies, including injunctive relief, that would be available to you in an individual lawsuit, subject to any effective and enforceable limitations of liability or exclusions of remedies set forth herein. Notwithstanding any language to the contrary in this paragraph, if a party seeks injunctive relief that would significantly impact other Issuer users as reasonably determined by either party, the parties agree that such arbitration will proceed on an individual basis but will be handled by a panel of three (3) arbitrators. Each party shall select one arbitrator, and the two party-selected arbitrators shall select the third, who shall serve as chair of the arbitral panel. That chairperson shall be a retired judge or an attorney licensed to practice law and with experience arbitrating or mediating disputes. In the event of disagreement as to whether the threshold for a three-arbitrator panel has been met, the sole arbitrator appointed in accordance with this Section shall make that determination. If the arbitrator determines a three-person panel is appropriate, the arbitrator may -- if selected by either party or as the chair by the two party-selected arbitrators -- participate in the arbitral panel. Except as and to the extent otherwise may be required by law, the arbitration proceeding and any award shall be confidential.

(d) You and Issuer further agree that the arbitration will be held in the English language in New York, New York, or, if you so elect, all proceedings can be conducted via videoconference, telephonically or via other remote electronic means.

(e) Filing costs and administrative fees shall be paid in accordance with the AAA Rules; provided that the prevailing party will be entitled to recover its reasonable attorneys' fees, expert witness fees, and out-of-pocket costs incurred in connection with the arbitration proceeding, in addition to any other relief it may be awarded.

(f) You and Issuer agree that, notwithstanding anything to the contrary in the Rules, the arbitration of any Dispute shall proceed on an individual basis, and neither you nor Issuer may bring a claim as a part of a class, group, collective, coordinated, consolidated or mass arbitration (each, a "Collective Arbitration"). Without limiting the generality of the foregoing, a claim to resolve any Dispute against Issuer will be deemed a Collective Arbitration if (i) two (2) or more similar claims for arbitration are filed concurrently by or on behalf of one or more claimants; and (ii) counsel for the claimants are the same, share fees or coordinate across the arbitrations. "Concurrently" for purposes of this provision means that both arbitrations are pending (filed but not yet resolved) at the same time.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NEITHER YOU NOR ISSUER SHALL BE ENTITLED TO CONSOLIDATE, JOIN OR COORDINATE DISPUTES BY OR AGAINST OTHER INDIVIDUALS OR ENTITIES, OR ARBITRATE OR LITIGATE ANY DISPUTE IN A REPRESENTATIVE CAPACITY, INCLUDING AS A REPRESENTATIVE MEMBER OF A CLASS OR IN A PRIVATE ATTORNEY GENERAL CAPACITY. IN CONNECTION WITH ANY DISPUTE, ANY AND ALL SUCH RIGHTS ARE HEREBY EXPRESSLY AND UNCONDITIONALLY WAIVED. Without limiting the foregoing, any challenge to the validity of this paragraph shall be determined exclusively by the arbitrator.

Small Claims:

Notwithstanding your and Issuer’s agreement to arbitrate Disputes, You and Issuer retain the right to bring an individual action in small claims court.

Class Waiver:

To the extent applicable law permits, any dispute arising out of or relating to these Card Terms, whether in arbitration or in court, will be conducted only on an individual basis and not in a class, consolidated or representative action. Notwithstanding any other provision of these Card Terms or the AAA Rules, disputes regarding the interpretation, applicability, or enforceability of this class waiver may be resolved only by a court and not by an arbitrator. If this waiver of class or consolidated actions is deemed invalid or unenforceable, neither party is entitled to arbitration.

No Jury Trial:

If for any reason a claim or dispute proceeds in court rather than through arbitration, each party knowingly and irrevocably waives any right to trial by jury in any action, proceeding or counterclaim arising out of or relating to these Card Terms.

Venue and Jurisdiction for Judicial Proceedings:

Except as otherwise required by applicable law or provided in these Card Terms, in the event that the agreement to arbitrate is found not to apply to you or your Dispute, you and Issuer agree that any judicial proceeding may only be brought in a court of competent jurisdiction in Puerto Rico. Both you and Issuer irrevocably consent to venue and personal jurisdiction in Puerto Rico; provided that either party may bring any action to confirm an arbitral award in any court having jurisdiction.

Confidentiality:

The existence of all information regarding any Dispute will be held in strict confidence by the parties and will not be disclosed by either party except as reasonably necessary in connection with the conduct of the arbitration or the confirmation or enforcement of any arbitral award. Any such permitted disclosure will, to the maximum extent reasonably practicable, be made subject to obligations of confidentiality at least as stringent as the provisions of this paragraph. If any disclosure of information regarding any Dispute is required under applicable law, the parties shall reasonably cooperate with one another to obtain protective orders or otherwise to preserve the confidentiality of such information.

17. Survival

The following provisions of these Card Terms shall survive any termination or expiration of these Card Terms and shall remain in full force and effect until all of your obligations to us have been fully and finally satisfied: (a) all of your payment obligations and our right to collect all amounts owed by you; (b) all security interest, collateral, and setoff provisions, including our rights in any Collateral; (c) any indemnification obligations; (d) the limitation of liability provisions; (e) the disclaimer of warranties provisions; (f) the dispute resolution and arbitration provisions, including the class waiver; (g) our communications and contact rights; (h) our assignment rights; (k) any waiver provisions; (l) all representations and warranties made by you; (m) any accrued rights, remedies, or causes of action in favor of either party; and (n) any other provision that by its nature or express terms is intended to survive.

18. ```
    Severability
    ```

If any provision of these Card Terms is found to be invalid, illegal, or unenforceable by a court or arbitrator of competent jurisdiction, such provision shall be modified to the minimum extent necessary to make it valid and enforceable while preserving its intent, or if such modification is not possible, such provision shall be severed from these Card Terms. The remaining provisions shall remain in full force and effect.

Notwithstanding the foregoing paragraph, in the event that a court finds the prohibition of Collective Arbitration in Section 16 to be invalid or unenforceable, then all provisions in Section 16 shall be deemed void, except for any portion of any provision in Section 16 related to the resolution of Disputes through litigation in court.

19. ```
    Assignment
    ```

These Card Terms will be binding on, and benefit, any of your and our successors and assigns. You may not transfer your Account or your Agreement to someone else without our written permission. We may transfer your Account, these Card Terms, or any of our rights or obligations therein, to another company or person at any time, without your permission and without prior notice to you. If we do, they will take our place under these Card Terms. You must pay them and perform all of your obligations to them and not us. If you pay us after you are informed or learn that we have transferred your Account or this Agreement, we can handle your payment in any way we think is reasonable. This includes returning the payment to you or forwarding the payment to the other company or person.

20. ```
    Entire Agreement
    ```

These Card Terms constitute the entire agreement between you and Issuer regarding the subject matter hereof and supersede all prior or contemporaneous agreements, understandings, representations, and communications whether written or oral, regarding such subject matter.

21. ```
    Force Majeure
    ```

We shall not be liable for any delay or failure to perform any obligation under these Card Terms to the extent that such delay or failure is caused by circumstances beyond our reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, civil unrest, labor disputes, government actions, epidemics or pandemics, internet or telecommunications failures, or failures of third-party service providers.

22. ```
    Disclaimer of Warranties
    ```

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, WE EXPRESSLY DISCLAIM ALL WARRANTIES, INCLUDING BUT NOT LMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, RELIABILITY, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE.

23. ```
    Limitation of Liability
    ```

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL ISSUER, ITS AFFILIATES, OR ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SERVICE PROVIDERS, OR LICENSORS BE LIABLE TO YOU FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, PUNITIVE, OR OTHER SIMILAR DAMAGES, INCLUDING BUT NOT LIMITED TO LOST PROFITS, LOST REVENUE, LOST DATA, LOSS OF GOODWILL, BUSINESS INTERRUPTION, OR LOSS OF BUSINESS OPPORTUNITY, WHETHER ARISING IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE. IN NO EVENT SHALL ISSUER’S TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR YOUR ACCOUNT EXCEED THE LESSER OF (A) YOUR ACTUAL DIRECT DAMAGES PROVEN OR (B) THE TOTAL AMOUNTS PAID BY YOU IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM. 24. Indemnity You will indemnify and defend Issuer, its affiliates, and its partners, directors, officers, employees, agents, trustees, administrators, managers, advisors, and representatives (each an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all claims, litigation, investigations, proceedings, losses, damages, fines, penalties, liabilities, settlements, costs, fees, and expenses incurred by any Indemnitee or asserted against any Indemnitee by any person arising out of, in connection with, related to, or as a result of your (i) breach of any of the representations, warranties, or covenants contained in these Card Terms; or (ii) gross negligence, fraud, or violation of any applicable law or rights of any third-party. Issuer may defend any claim subject to indemnification hereunder, using counsel of its choice, and you will pay or promptly reimburse Issuer for the reasonable fees of such counsel and all related costs and reasonable expenses. If you are a user from a jurisdiction that does not allow certain indemnification obligations, you agree that this indemnity is intended to be as broad as permitted under the laws of such jurisdiction.


# Virtual Account Terms

All virtual accounts are issued and managed by Due Network, S.L.

Legal Terms & Privacy Policy: <https://www.opendue.com/legal/regulatory>&#x20;

European Union CASP Registry: <https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica>

Canada MSB & PSP Licence: <https://fintrac-canafe.canada.ca/msb-esm/reg-eng>&#x20;


# Exchange, Invest, Earn Terms

All swaps, investments and earning yield products are managed by LI.FI Service GmbH that acts as an aggregator for DeFi and blockchain protocols.

<https://li.fi/legal/terms-and-conditions>


# Investing Risk Disclosures

Last Updated: October 9, 2026

### Investing Risk Disclosures

These Investing Risk Disclosures (“Disclosures”) apply to your access to and use of the investing and trading features made available through the Anodos application, websites, and related services (collectively, the “Anodos App” or “Anodos,” “we,” “us,” or “our”), including any “Invest” feature or similar functionality (“Invest”).

By accessing or using Invest, you acknowledge that you have read, understand, and agree to these Disclosures.

\
⚠️ These Disclosures are provided for transparency and risk allocation. They are not investment advice.

### 1) Not investment advice; no fiduciary role

* Anodos provides a technology platform and general information only.
* Anodos does not provide investment, legal, tax, or accounting advice.
* Anodos does not make recommendations, endorse any asset, or provide personalized advice.
* You are solely responsible for your decisions to buy, sell, hold, swap, stake, or otherwise transact.

### 2) Nature of the instruments (digital assets on Solana)

* Invest involves transactions in **digital assets**.
* Certain instruments may be **native crypto tokens**.
* Certain instruments may be **wrapped** tokens representing bridged or custodial representations of other assets.
* Certain instruments may be **tokenized** instruments intended to provide economic exposure to referenced assets such as stocks, ETFs, commodities, and precious metals.
* You acknowledge that transactions are executed using tokenized and/or onchain representations and related infrastructure.

### 3) Third‑party issuers, providers, and infrastructure

Invest may rely on third parties (including token issuers, broker‑dealer or securities‑related providers, tokenization providers, liquidity venues, protocols, market makers, pricing/data providers, custody providers, and other service providers). Some instruments may be issued or supported by third parties (for example, **xStocks** and/or **Backpack Securities**, as applicable).

* Third parties may set or influence terms of their services, availability, supported assets, eligibility, restrictions, fees, and other conditions.
* Anodos does not control, and is not responsible for, third-party performance, compliance, solvency, acts, omissions, or outages.

#### DeFi / DEX aggregation ([Li.Fi](http://Li.Fi) and similar services)

Invest may route or facilitate certain swaps or transactions through DEX aggregators and DeFi protocol routing infrastructure (for example, [Li.Fi](http://Li.Fi)). These third-party systems may interact with multiple decentralized exchanges, liquidity pools, bridges, and smart contracts.

You acknowledge and accept that DeFi and DEX aggregation can introduce additional risks, including:

* **Smart contract risk:** vulnerabilities, exploits, or unexpected contract behavior.
* **Protocol and pool risk:** liquidity pool failures, oracle failures, re-entrancy or other exploit vectors, or degraded execution during market stress.
* **Pricing and routing risk:** incorrect quotes, stale pricing, route selection errors, price impact, slippage, MEV/front‑running/sandwiching, or other execution dynamics.
* **Bridge and wrapper risk:** failures or exploits affecting wrapped assets, bridges, or cross‑chain components (where applicable).
* **Outages and degradation:** partial outages, API failures, chain congestion, or reduced availability that may prevent execution or lead to delays.

Anodos does not control [Li.Fi](http://Li.Fi), the underlying venues, or the protocols they route through, and is not responsible for losses arising from these third-party systems, including exploits, hacks, pricing mistakes, routing errors, or protocol failures.

### 4) No guarantee of availability; feature changes

* Invest may not be available at all times or in all jurisdictions.
* Assets may be added, modified, restricted, suspended, or removed at any time.
* Features may change due to legal, compliance, business, or technical reasons.

### 4A) Jurisdiction, eligibility, and regulatory restrictions

* Certain instruments, features, or flows may be **restricted or unavailable** based on your location, citizenship, residence, place of incorporation, tax status, or other eligibility criteria.
* For example, some tokenized instruments (including tokenized stocks/ETFs) may not be available to **U.S. persons** or persons in other restricted jurisdictions, depending on the issuer/provider rules and applicable law.
* Anodos may implement restrictions using reasonable controls (for example, geo‑location, sanctions screening, or other checks), but **no control is perfect** and restrictions may change.
* You are solely responsible for ensuring that you are legally permitted to access Invest and to transact in any instrument, and for complying with all applicable laws, rules, and regulations.

### 5) Pricing, charts, and data (including mispricing risk)

* Any prices, charts, quotes, market data, and other information are provided for convenience.
* Data may be delayed, incomplete, inaccurate, or unavailable.
* Displayed prices may differ from executable prices.
* You accept the risk of **mispricing**, stale data, incorrect metadata, and other data errors.

### 6) Execution, slippage, liquidity, and transaction finality

* Transactions may fail, be delayed, execute at different prices than expected, or be unavailable.
* Liquidity may be limited, and price impact may be significant.
* Slippage, MEV, network congestion, and protocol mechanics may affect execution.
* Onchain transactions may be irreversible once confirmed.

### 7) Fees

Your transactions may incur:

* network fees (gas),
* protocol or liquidity-venue fees,
* spreads, markups, or execution costs,
* third-party service fees.

Fees may vary and may not be fully known in advance.

### 8) Volatility; risk of loss

Digital assets and tokenized instruments can be volatile and speculative. Values may change rapidly, and you may lose some or all of your funds. Past performance does not guarantee future results.

### 9) Security incidents; protocol and network risks

Digital asset systems can be subject to bugs, exploits, hacks, key compromises, phishing, consensus failures, forks, halted markets, oracle failures, or other security incidents.

These events may result in loss of value, loss of access, delayed settlement, incorrect pricing, or inability to trade or transfer.

### 10) No warranties

To the maximum extent permitted by law, Invest is provided on an “as is” and “as available” basis, without warranties of any kind (express or implied), including warranties of merchantability, fitness for a particular purpose, and non‑infringement.

### 11) Limitation of responsibility (core risk allocation)

To the maximum extent permitted by law, Anodos is not responsible for losses or damages arising from or related to:

* market movements or volatility,
* mispricing, stale pricing, or data errors,
* failed, delayed, or reversed transactions,
* slippage, liquidity constraints, MEV, or price impact,
* third‑party acts or omissions (including issuers, providers, protocols, or venues),
* outages, service interruptions, or degraded performance,
* protocol or network failures,
* exploits, hacks, or other security incidents affecting supported assets or infrastructure.

### 12) Compliance and eligibility are your responsibility

You are solely responsible for:

* determining whether you are legally permitted to access and use Invest and to transact in any instrument,
* complying with applicable laws, rules, sanctions, and regulations,
* all tax reporting and payment obligations.

### 13) Contact

Questions about these Disclosures: Contact Anodos support through the app or at <support@anodos.finance>.


# Earn Risk Disclosures

Last Updated: October 9, 2026

### Earn Risk Disclosures

These Earn Risk Disclosures (“Disclosures”) apply to your access to and use of any yield, interest, rewards, “Earn,” “Lend,” “Vault,” or similar features made available through the Anodos application, websites, and related services (collectively, the “Anodos App” or “Anodos,” “we,” “us,” or “our”) (the “Earn Feature” or “Earn”).

Earn may involve stablecoins such as USDC and EURC, and may involve third-party protocols and routing infrastructure (including, as applicable, Jupiter Lend, Kamino, other DeFi protocols, and DEX/DeFi aggregators such as [Li.Fi](http://li.fi)).

By accessing or using Earn, you acknowledge that you have read, understand, and agree to these Disclosures.

⚠️ Earn is not a bank account. Yield is variable and not guaranteed. DeFi and issuer risks can result in loss or delayed withdrawals.

### 1) Not advice; no guarantees; no fiduciary role

* Anodos provides a technology platform and general information only.
* Anodos does not provide investment, legal, tax, or accounting advice.
* Anodos does not make recommendations or suitability determinations.
* Any yield rates, APY/APR, or projected earnings are estimates and may change at any time. Yield is **not guaranteed** and may be reduced, paused, or discontinued.

### 2) Third‑party protocols, vaults, and service providers

Earn may rely on third-party services and infrastructure, including lending vaults, DeFi protocols, liquidity venues, smart contracts, bridges (if applicable), pricing/oracle services, market makers, and other providers.

* Earn may use Jupiter Lend, Kamino and may also interact with other protocols or venues (directly or indirectly).
* Anodos does not control these third parties and is not responsible for their performance, compliance, availability, solvency, security practices, or acts/omissions.
* Third parties may impose additional terms, restrictions, fees, eligibility requirements, and geographic limitations.

### 3) DEX / DeFi aggregation and routing

Earn may route swaps, rebalancing, deposits, or withdrawals through third-party DEX/DeFi aggregation and routing infrastructure (for example, [Li.Fi](http://li.fi)), which may interact with multiple decentralized exchanges, liquidity pools, and smart contracts.

Risks include:

* smart contract vulnerabilities or unexpected behavior,
* route selection errors,
* incorrect quotes or stale pricing,
* slippage, price impact, MEV/front-running/sandwiching,
* partial outages, API failures, or chain congestion.

Anodos does not control these third parties and is not responsible for losses arising from routing errors, mispricing, exploits, hacks, or failures of aggregators, venues, or underlying protocols.

### 4) Lending-specific risks

The underlying earn activity may involve lending, borrowing markets, and protocol mechanics. Risks can include:

* **Smart contract risk:** bugs, exploits, upgrades, or emergency actions.
* **Oracle/pricing risk:** incorrect or manipulated price feeds leading to losses or impaired withdrawals.
* **Liquidity and withdrawal risk:** insufficient liquidity, withdrawal queues, pauses, or delays.
* **Interest rate/yield variability:** utilization changes, incentives ending, or rate changes.
* **Counterparty and protocol risk:** borrower defaults, bad debt, or protocol reserve shortfalls.
* **Liquidation mechanics:** adverse market moves, liquidations, or loss events in protocol markets (where applicable).
* **Governance/admin risk:** parameter changes, whitelisting/blacklisting, paused markets, or other governance decisions.

### 5) Yield-bearing stablecoins and issuer risks

Earn may support or interact with third-party **yield-bearing stablecoins** or instruments that reference U.S. Treasury-backed exposure (as applicable). These instruments introduce additional risks, including:

* **Issuer/administrator risk:** the issuer or administrator may change terms, fees, eligibility, redemption mechanics, or suspend minting/redemption.
* **Redemption and settlement risk:** delays, limitations, or restrictions on converting to/from the referenced asset.
* **Custody and reserve risk:** risks related to reserve management, custody arrangements, or third-party service providers.
* **Depegging risk:** the token may trade below its intended reference value.

Anodos does not issue these instruments and is not responsible for issuer actions, reserve management, redemption decisions, or issuer insolvency.

### 6) Pricing, data, and mispricing risk

* Prices, rates, charts, and other data may be delayed, incomplete, inaccurate, or unavailable.
* Displayed APY/APR, earnings, and “projected” values may not reflect actual realized yield.
* You accept the risk of mispricing, stale data, incorrect metadata, and calculation errors.

### 7) Fees

Earn activity may incur network fees and third-party fees (including protocol fees, spreads, execution costs, and other charges). Fees may vary and may not be fully known in advance.

### 8) Operational, technical, and availability risk

* Earn may be paused, limited, or unavailable due to technical, liquidity, market, regulatory, compliance, or third-party reasons.
* Deposits or withdrawals may be delayed or temporarily restricted.
* Network congestion, outages, forks, or degraded performance may impact timing or success of transactions.

### 9) Security incidents

Digital-asset systems can be subject to bugs, exploits, hacks, key compromises, phishing, consensus failures, oracle failures, halted markets, and other security incidents. These events may result in loss of funds, loss of access, or delayed withdrawals.

### 10) No FDIC/SIPC or similar protections

Unless expressly stated otherwise in writing, Earn balances are **not** insured by FDIC, SIPC, or any similar depositor or investor protection scheme.

### 11) No warranties

To the maximum extent permitted by law, Earn is provided on an “as is” and “as available” basis, without warranties of any kind (express or implied), including warranties of merchantability, fitness for a particular purpose, and non‑infringement.

### 12) Limitation of responsibility (core risk allocation)

To the maximum extent permitted by law, Anodos is not responsible for losses or damages arising from or related to:

* variable yield rates, paused rewards, reduced returns, or discontinued programs,
* mispricing, stale pricing, data errors, or calculation errors,
* failed, delayed, or reversed transactions,
* slippage, liquidity constraints, MEV, or price impact,
* third‑party acts or omissions (including issuers, protocols, aggregators, or venues),
* outages, service interruptions, or degraded performance,
* protocol or network failures,
* exploits, hacks, or other security incidents affecting supported assets or infrastructure,
* issuer actions, redemption restrictions, reserve issues, or issuer insolvency.

### 13) Jurisdiction, eligibility, and compliance are your responsibility

* Earn may be restricted or unavailable based on your location, citizenship, residence, place of incorporation, tax status, sanctions status, or other eligibility criteria.
* Restrictions may change, and any controls used to enforce them may be imperfect.
* You are solely responsible for ensuring you are legally permitted to use Earn and for complying with applicable laws, rules, and regulations, including all tax reporting and payment obligations.

### 14) Contact

Questions about these Disclosures: contact Anodos support through the app or at <support@anodos.finance>


# Country Availability & Restrictions

Last updated: September 26, 2026

### Anodos Card (availability by customer residence)

The Anodos Card is currently available in 150+ countries, with a few exceptions.

#### Countries the card is not available (card cannot be issued to residents of)

* Belarus
* China (Mainland)
* Cuba
* India
* Iran
* Iraq
* Israel
* Myanmar
* Nepal
* Nicaragua
* North Korea
* Russia
* Syria
* Turkey
* Ukraine
* Venezuela
* Vietnam

\*Additionally, Chinese and Hong Kong passports are not eligible.

#### Available only with enhanced review + explicit approval

* Nigeria
* Sri Lanka
* South Africa

#### Not available (card cannot be used for spending in)

* Cuba
* Iran
* North Korea
* Russia
* Syria
* Ukraine
* Venezuela

#### US states the card is currently available

Alabama\
Alaska\
Arkansas\
California\
Colorado\
Connecticut\
Florida\
Hawaii\
Illinois\
Indiana\
Iowa\
Kansas\
Kentucky\
Maine\
Massachusetts\
Michigan\
Minnesota\
Montana\
Nebraska\
New Hampshire\
New Jersey\
New York\
North Carolina\
Oklahoma\
Pennsylvania\
South Carolina\
Texas\
Utah\
Virginia\
West Virginia\
Wyoming

### Virtual Bank Account (onboarding restrictions)

#### Not available (onboarding not supported for individuals or businesses domiciled in, operating from, or primarily owned from)

* Afghanistan
* Belarus
* Central African Republic
* China
* Cuba
* DR Congo
* Eritrea
* Guinea-Bissau
* Iran
* Iraq
* Lebanon
* Libya
* Mali
* Myanmar
* Nicaragua
* North Korea
* Russian Federation
* Somalia
* South Sudan
* Sudan
* Syria
* Territories of Ukraine that are in dispute/occupied by the Russian Federation, including Donbas, Donetsk, Luhansk and Crimea, and other parts of Eastern Ukraine
* Venezuela
* Yemen
* Zimbabwe


# Lucky Tap — Promotion Terms

Oct 13–Nov 5, 2026

Lucky Tap is a promotional campaign operated by Anodos Labs Inc. (“Anodos”, “we”, “us”). During the Promotion Period, eligible users may be selected to receive a reimbursement of a qualifying Anodos Card purchase (a “Reimbursement”).

**Promotion Period**

The promotion runs from October 13, 2026 through November 5, 2026 (the “Promotion Period”).

**Daily reimbursement limit (up to 1/day)**

During the Promotion Period, no more than one (1) qualifying purchase will be reimbursed per calendar day (a “Daily Reimbursement”). A Daily Reimbursement is not guaranteed for any particular day, user, purchase, or transaction, and the operation of the promotion may vary by day due to operational, compliance, legal, fraud, or risk-management considerations.

**Reimbursement cap**

Each Daily Reimbursement is limited to USD $1,000 (or the equivalent value as determined by Anodos based on the transaction/account context). Any amount above this cap receives the maximum.

**How selection works; odds**

If a Daily Reimbursement is awarded on a given day, the reimbursed purchase will be selected at random from the pool of qualifying purchases made that day. Odds of selection depend on the number of qualifying purchases made by all participants that day.

**Qualifying purchases**

A “qualifying purchase” is a completed and settled purchase transaction made with the Anodos Card during the Promotion Period, excluding (without limitation): refunds, reversals, chargebacks/disputes, fees/interest/adjustments, cash withdrawals, quasi-cash or cash-equivalent transactions, gambling-related transactions where prohibited or restricted, and any activity we reasonably determine to be abusive, manipulative, fraudulent, or not in the spirit of the promotion.

**Reimbursement method; currency; timing**

Reimbursements are provided as an in-app credit inside the Anodos app, in USD or EUR (as determined by Anodos and/or based on the transaction/account context). Timing may vary and may require the underlying card transaction to settle. Reimbursements may take up to 5 business days to appear.

**Changes; suspension; disqualification**

To the maximum extent permitted by law, Anodos may modify, suspend, or terminate the promotion at any time. We may disqualify any user or transaction if we reasonably believe there has been abuse, manipulation, suspicious activity, or a violation of these Terms.


# Anodos Promotions & Reward Terms

Effective dates: September 9, 2026 – October 9, 2026

These Anodos Promotions & Reward Terms (“Terms”) govern limited-time promotional offers (each, a “Promotion”) made available by Anodos Labs Inc. (“Anodos”, “we”, “us”). By participating in a Promotion, you agree to these Terms and any Promotion-specific schedule (“Schedule”) shown in-app or published on our website.

#### 1) Key definitions

* **Eligible User**: A user who meets the eligibility requirements in these Terms and the applicable Schedule, and whose Anodos account is in good standing.
* **KYC**: Identity verification and checks required to open and maintain an Anodos account.
* **Anodos Card**: The payment card made available through the Anodos app (virtual and/or physical).
* **Qualifying Deposit**: A deposit meeting the minimum amount specified in the Schedule (if any), not reversed or otherwise invalidated during any applicable review period.
* **Qualifying Spend**: Completed card purchase transactions meeting the requirements in the Schedule, excluding transactions listed in Section 6.
* **Reward**: A promotional benefit provided by Anodos under a Promotion. Rewards may be delivered as (i) a fixed-value amount of a specific asset based on a USD-value at the time of issuance, (ii) a “cashback”-style reward calculated on Qualifying Spend, or (iii) another promotional benefit as described in the Schedule.

#### 2) Global eligibility and restricted countries

Promotions are generally available worldwide; however, participation is only available to users who:

1. Successfully complete KYC and any other compliance checks required by Anodos and its partners.
2. Are **not** located in, ordinarily resident in, or otherwise subject to sanctions or restrictions that prohibit participation (including sanctioned countries/regions) or otherwise fail eligibility checks.
3. Meet all Promotion requirements (e.g., card setup/activation, deposit, spend) described in the applicable Schedule.

We may refuse participation, delay rewards, or withhold rewards where required by law, regulation, sanctions rules, compliance policy, risk controls, or partner requirements.

#### 3) One-per-person; anti-abuse

Unless a Schedule states otherwise, each Promotion is limited to **one reward per natural person**. We may also enforce limits per account, identity, or other risk signals.

We may deny participation or withhold issuing a Reward if we determine (in our reasonable discretion) that activity is abusive, fraudulent, or intended to circumvent limits.

#### 4) Reward delivery timing and valuation

* Rewards are issued after we confirm that all Promotion conditions are met.
* If a Reward is denominated as a USD-value amount of a specific asset, the USD value is determined **at the time the reward is issued** (not at signup, not at deposit).
* Reward delivery is typically completed within **5-10 business days** after conditions are met, but may take longer due to compliance, fraud, operational, or partner processing.

#### 5) Promotions may change or end

All Promotions are limited-time marketing campaigns. We may modify, suspend, or terminate any Promotion (including a Schedule) at any time where permitted by law, including to comply with legal requirements, prevent abuse, or respond to operational constraints.

If a Promotion has a limited quantity (e.g., “first X users”), it ends automatically when the cap is reached.

#### 6) Qualifying Spend exclusions (standard)

Unless a Schedule states otherwise, **Qualifying Spend does not include**:

* Refunds, chargebacks, reversed transactions, or disputed transactions
* Cash advances, quasi-cash transactions, or cash equivalents
* Money transfer transactions
* Gambling/betting/wagering transactions
* Fees, interest, late charges, or other non-purchase account charges
* Transactions we reasonably determine are manufactured, abusive, or intended to game the Promotion

#### 7) Taxes

Rewards may be taxable. You are responsible for any taxes, duties, or reporting obligations related to receiving a Reward.

#### 8) No investment advice; no guarantee

Promotions are marketing offers and **not investment advice**. We do not guarantee any future value of the assets we distribute. Do not participate based on an expectation of profit.

#### 9) Contact

Questions: Email at <support@anodos.finance> or via [Discord](http://dsc.gg/anodos)&#x20;

***

### Schedule A — Launch Bonus (First 1,000 verified users)

**Promotion period:** September 9, 2026 – October 9, 2026\
**Availability:** Until the first 1,000 Eligible Users complete the requirements below (whichever occurs first).\
**Reward:** A promotional Reward delivered as a USD-value amount of a digital asset at the time of issuance, as shown in-app and/or on the website.

**Requirements (all required):**

1. Create an Anodos account and complete KYC successfully.
2. Set up and activate the Anodos Card (as required in-app).
3. Complete the minimum Qualifying Deposit shown in-app (if any) during the Promotion period.

**Notes:**

* Reward is issued only after Anodos confirms eligibility and completion of requirements.

***

### Schedule B — Card Spend Bonus (Spend & earn)

**Promotion period:** September 9, 2026 – October 9, 2026\
**Reward:** For a limited time, Eligible Users may receive either:

* a fixed-value Reward in a digital asset, **or**
* a “cashback”-style Reward calculated as a percentage of Qualifying Spend (potentially subject to caps),\
  as described in-app and/or on the website during the Promotion period.

**Requirements:**

* The specific minimum spend threshold(s), time window(s), eligible transaction types, and any caps will be published on social media or/and shown in-app and/or on the website for the applicable campaign.

**Notes:**

* Qualifying Spend exclusions in Section 6 apply unless explicitly overridden for a specific campaign.
* Refunds/chargebacks may reduce Qualifying Spend and may cause ineligibility (if they occur before the Reward is issued).

***

### Schedule C — Referral Bonus (Invite friends)

**Reward:** For a limited time, the referrer and/or the referred friend may receive a Reward (which may be a fixed-value amount o a digital asset and/or another promotional benefit), as shown in-app and/or on the website.

**Requirements:**

* Referral mechanics (link/code), eligibility requirements, any qualifying actions (such as KYC, deposit, or card spend), limits, and caps will be shown in-app and/or on the website for the applicable campaign.

**Notes:**

* We may impose and enforce caps (e.g., maximum referrals per referrer) and one-per-person limits.
* Abuse or attempted circumvention may result in reward denial (before the Reward is issued).

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Participation is subject to KYC, compliance checks, and eligibility restrictions. Promotions may change or end at any time. Terms apply.