1. Overview
Loanshark is a decentralized, non-custodial lending protocol deployed on Solana.
The Protocol enables users to deposit collateral (SOL or USDC) and borrow digital assets based on overcollateralization rules enforced by smart contracts.
Loanshark does not custody user funds. Users interact directly with smart contracts via their own wallets.
2. Eligibility
By using the Protocol, you confirm that:
You are legally permitted to use decentralized financial applications in your jurisdiction.
You understand the risks of blockchain-based financial systems.
You are responsible for compliance with your local laws.
The Protocol is not directed at any specific jurisdiction.
3. Non-Custodial Nature
Loanshark does not:
Hold your private keys
Control your wallet
Reverse transactions
Manage your positions
All transactions are executed directly on-chain. You are solely responsible for safeguarding your wallet credentials.
4. Risk Disclosure
Using the Protocol involves significant risk, including but not limited to:
Market volatility
Liquidation of collateral
Smart contract vulnerabilities
Oracle or pricing errors
Network congestion
If your collateral value falls below required thresholds, liquidation may occur automatically.
You may lose part or all of your collateral.
5. No Financial Advice
Loanshark does not provide:
Investment advice
Financial advice
Tax advice
Legal advice
All decisions are made at your own discretion and risk.
6. Protocol Changes
Loanshark may update:
Interest rate models
Loan-to-Value ratios
Liquidation thresholds
Supported assets
Changes may occur through governance or smart contract upgrades.
7. Limitation of Liability
To the fullest extent permitted by law, Loanshark, its contributors, developers, and affiliates shall not be liable for:
Loss of funds
Liquidations
Smart contract failures
Third-party exploits
Market losses
Use the Protocol at your own risk.
8. No Guarantees
Loanshark provides the Protocol “as is” and “as available.”
No warranties are provided regarding uptime, performance, security, or profitability.
9. Third-Party Services
The Protocol may rely on third-party services such as:
Wallet providers
Price oracles
Blockchain infrastructure providers
Loanshark is not responsible for failures of third-party services.
10. Acceptance of Terms
By interacting with the Protocol, you confirm that you:
Understand the mechanics of overcollateralized lending
Accept liquidation risk
Accept full responsibility for your transactions
If you do not agree with these Terms & Conditions, discontinue use immediately.
Loanshark $LOAN
Collateral in. Liquidity out.
Use responsibly.
