Terms of Use

Last updated: 05/13/2026

1. Overview

Vaulx is a luxury asset collateral protocol — "luxury pawn meets private bank" — operating on the Solana network. This document governs the use of the platform during the private beta.

2. Eligibility

Users must be at least 18 years old and own a compatible Solana wallet (Phantom, Backpack or Ledger). KYC information will be required for the production release.

3. Collateral custody

Physical assets must be shipped to the audited custody facility indicated by the protocol. The on-chain loan record (TRDC state PDA) is held by the Loan Program until the loan is fully repaid, at which point the physical asset is released back to the borrower.

4. Interest model

Linear simple interest, annual rate declared in basis points. 1.5% monthly late fee over the principal for delinquent loans. 2.5% origination fee is charged upon disbursement.

5. Multi-token

Disbursement can be made in USDC or BRZ. Repayment must be made in the same currency as the disbursement — there is no automatic on-chain conversion.

6. BRZ depeg risk

If the BRZ/BRL peg deviates by more than 3%, the BRZ vault is automatically paused. Deviations above 5% trigger an option to convert the outstanding balance to USDC at the adjusted rate.

7. Default

After maturity and the grace period, the admin may execute liquidation: the on-chain loan record is transitioned to Defaulted and the physical asset is auctioned or retained according to operational policy.

8. Limitation of liability

The platform is in private beta. The team is not liable for losses resulting from use prior to a formal independent audit of the on-chain programs and custody operations.

Contact: support@vaulx.fi