Terms of Service

Swaplo is a technology platform that connects borrowers and lenders for peer-to-peer (P2P) crypto-related lending. We are not a bank, credit union, broker-dealer, money transmitter of fiat currency, investment adviser, or licensed fintech lender.

Swaplo does not assume the regulatory, prudential, or consumer-protection duties of a financial institution or fintech company. We provide software and operational processes that help make P2P borrowing and lending safer through escrow-style ledger holds, collateral locking, and operator-assisted LTC settlement.

Crypto collateral is ordinarily held on-chain under smart-contract (or equivalent) lock arrangements. Non-crypto collateral consists of non-fiat digital or other valuable assets that the borrower voluntarily delivers for the loan; during the Swaplo-mediated loan process those assets are secured as described in these Terms and, upon successful completion and repayment, are returned to the borrower (or restored in economically equivalent form where that was the agreed method).

Swaplo does not guarantee that every listing will attract a lender, or that a lender will earn a profit above principal. Cryptocurrency markets are volatile. Specific obligations regarding return of a lender’s principal after collateral lock are set out in Section 3 (Responsibilities). You remain responsible for understanding the risks of digital assets, collateral types you accept or offer, and any tax or reporting obligations in your jurisdiction.

For each deal on Swaplo, the parties are classified as follows:

Borrower — the user who applies to publish a borrow listing and, if funded, receives LTC after collateral is locked, and who owes repayment under the listing terms.

Lender — the user who funds an open borrow listing (“I lend”), whose Available balance is moved to Pending and, after collateral lock, whose principal is protected under Section 3.

Swaplo (Intermediary / Operator) — the platform operator that provides the marketplace software, reviews listings, verifies and locks collateral, operates ledger escrow steps, assists LTC settlement, and administers these Terms. Swaplo is an intermediary facilitating P2P deals; it is not a party as borrower or lender on user deals unless expressly stated for a specific operator action.

A user may act as Borrower on some deals and Lender on others. References to “you” mean the account holder in the capacity relevant to the action taken.

3.1 Swaplo (Intermediary). Swaplo shall: (a) operate the marketplace and ledger in material accordance with these Terms; (b) review borrow listing applications in its discretion before publication; (c) hold funded amounts in Pending until collateral is locked or the collateral window expires with auto-refund; (d) verify and lock accepted collateral before starting the active loan and releasing LTC to the Borrower; (e) administer fees, late stages, and settlement records as described herein; and (f) provide Support channels for operational disputes.

3.1.1 Principal restoration after lock. Once Swaplo has locked collateral and started the borrowing-and-lending process for a deal, Swaplo guarantees that the Lender will recover the principal amount they funded on that deal (the ledger lending amount), by repayment from the Borrower, by collateral liquidation/settlement under platform process, and/or by Swaplo’s restorative ledger or LTC credit — except where performance is prevented or made commercially impracticable by Force Majeure (Section 3.1.2). This guarantee concerns return of principal, not guaranteed profit, interest, or repayment premium.

3.1.2 Force Majeure. “Force Majeure” means events beyond Swaplo’s reasonable control, including war, terrorism, embargo, epidemic, natural disaster, failure or hard fork of a relevant blockchain or smart-contract platform, sustained network outage of critical infrastructure, government seizure or prohibition, sanction blocking, or failure of essential third-party custody/settlement rails that makes lock, liquidation, or transfer impossible despite reasonable efforts. During Force Majeure, Swaplo’s duty is to use commercially reasonable efforts to preserve assets and resume settlement; time for performance is suspended for the duration of the event.

3.1.3 Limits of intermediary role. Except for the principal-restoration obligation in Section 3.1.1, Swaplo does not underwrite Borrower creditworthiness as a bank would, does not guarantee listing quality before lock, and is not liable for the Borrower’s off-platform conduct. Pre-lock Escrow Protect (Pending auto-refund if collateral is not delivered in time) is separate from post-lock principal restoration.

3.2 Borrower. The Borrower shall: (a) submit accurate listing data (amount, repayment, term, collateral description and value supporting the 1.5× rule); (b) affirmatively accept these Terms when applying to publish; (c) deliver lockable collateral within the collateral window after funding; (d) not retain free use of collateral after lock; (e) repay the full amount due (repayment, platform fee on success, and any late fees) on time; (f) communicate only on-platform; and (g) cooperate with verification, KYC-style checks if requested, and dispute resolution. Failure may lead to listing rejection, no-show marks, liquidation, account restriction, and liability to the Lender and Swaplo.

3.3 Lender. The Lender shall: (a) fund only from Available balance they control; (b) affirmatively accept these Terms when confirming “I lend”; (c) review listing terms and collateral description before funding; (d) keep account security (PIN, recovery, email/Telegram) under their control; (e) not solicit off-platform payment that bypasses escrow; and (f) accept that profit above principal depends on Borrower performance and settlement, while principal after lock is addressed under Section 3.1.1. Before collateral lock, the Lender’s protection is Pending hold and auto-refund on window expiry, not the post-lock principal guarantee.

3.4 Mutual. All parties shall comply with law, these Terms, and platform instructions; not abuse the marketplace; and not misrepresent identity or collateral. Electronic acceptance (checkbox plus submit / “I lend”) is a binding acknowledgment.

You must be legally able to enter binding agreements in your jurisdiction and must not use Swaplo if prohibited by applicable law.

You may sign in with email (magic link) and/or Telegram. You must choose a public nickname. Counterparties see your nickname (and optional avatar), not your email or Telegram handle, for on-platform communication.

You are responsible for keeping access to your email, Telegram account, wallet PIN, and recovery phrase secure. We never store recovery phrases in plaintext after you confirm them.

One person or entity should not create multiple accounts to evade limits, bans, no-show rules, or fees.

Balances shown in Swaplo are an internal USD ledger. Available funds may be used to fund deals; Pending funds are locked for escrow-related steps.

Top-ups are made by sending LTC to your assigned address. The USD value of LTC received at that address is the gross received amount. Swaplo charges a network fee of 1% of the amount when under $50, or a flat $1.50 when $50 or above, paid by the depositor; Available is credited for received minus that fee. Deposits valued below $5.00 may not be credited. On-chain miner fees are separate and paid by the sender when broadcasting.

Cashouts convert Available ledger balance to LTC sent to an address you provide, subject to review and network conditions. You request a gross USD amount (minimum $5.00). When the operator marks the cashout sent, Available is debited for the gross amount; LTC sent is approximately gross minus the Swaplo network fee (1% of the amount when under $50, or a flat $1.50 when $50 or above). Cashouts are not instant bank withdrawals.

We may freeze or reverse ledger entries in cases of suspected fraud, error, policy breach, or to give effect to these Terms (for example, collateral-window refunds or principal restoration under Section 3.1.1).

Borrow deals may request between $1 and $2000 USD-equivalent for a term of up to 14 days, subject to marketplace rules and admin approval before a listing is published.

Every borrow listing must propose collateral with accepted value of at least 1.5× the loan amount (see Section 8).

When you submit a borrow listing application you must check that you have read, understand, and accept these Terms. That checkbox, together with your submitted listing data, is retained as a binding electronic acceptance of your offer.

When a Lender confirms “I lend,” they must likewise check that they have read, understand, and accept these Terms before funding. Funding moves the lending amount from Available to Pending immediately.

After a lender funds a deal, the borrower has up to 45 minutes to deliver the proposed collateral as instructed by the platform/operator.

If collateral is not delivered in time, Pending funds are auto-refunded to the lender’s Available balance (Escrow Protect for that step). Repeated no-shows may cancel the listing.

A borrower who misses the collateral window may accumulate no-shows. After 3 no-shows, the listing may be cancelled under platform rules.

The active loan term — and release of LTC to the borrower — begins only after collateral has been locked under Section 8. Until then, the deal is not an active funded loan under these Terms, and the Section 3.1.1 principal guarantee has not yet attached.

Lending funds are not released to the borrower, and the loan term does not start, until the proposed collateral is locked to Swaplo’s satisfaction. Locking is a security precondition of every deal and is the trigger for Swaplo’s principal-restoration obligation in Section 3.1.1.

The stated value of collateral must be at least one and one-half times (1.5×) the requested loan amount. For example, a $100 loan requires collateral with an accepted value of at least $150 (or the equivalent). Listings that do not meet this coverage ratio may be rejected or not locked.

Collateral is typically composed of liquid, readily marketable digital value — most often altcoins or other crypto tokens that can be converted to cash-equivalent value on short notice. Exceptionally, other valuable non-fiat digital assets may be accepted when they can be secured for the full loan term.

Crypto token collateral is ordinarily secured on-chain by smart-contract lock (or an equivalent on-chain custody arrangement). Only after that lock is verified does the operator start the loan and send LTC to the borrower.

Non-crypto collateral means valuable assets that are not fiat currency and that the borrower voluntarily provides for the loan (for example major e-commerce gift cards, certain valuable NFTs, a transferable third-party receivable where assignment is lawful and effective, equity interests, or similar instruments). Swaplo may require that such assets be redeemed, assigned, or otherwise placed into operator-controlled escrow for the duration of the loan process. Upon successful completion and repayment, those assets are returned to the borrower, or economically equivalent value is restored where that was the agreed method (including re-acquiring the same class of asset when applicable).

Any collateral that is not secured by smart contract must still be blocked, redeemed, or otherwise placed beyond the borrower’s free use for the entire credit term. Continued borrower control of unsecured collateral after funding is not permitted.

Accepted collateral types, valuation for the 1.5× rule, lock methods, and restoration procedures are determined case-by-case by the operator at listing approval and at lock time. Borrowers must describe collateral accurately; lenders should review the listing before funding. Market value of collateral can change after lock; under Section 3.1.1, market decline does not by itself extinguish Swaplo’s duty to restore Lender principal (except Force Majeure).

On successful repayment close, Swaplo charges a platform fee of 1.5% of the lending amount. The fee is paid by the borrower, not the lender.

If repayment is overdue, late fees may accrue at 5% of the repayment amount per 24-hour stage, for up to 2 stages, after which the operator may liquidate collateral according to platform process.

Displayed fee previews on the site are estimates; the ledger and admin settlement records control in case of discrepancy.

See Pricing for a plain-language summary of current fee rates. Fee schedules may change prospectively; material changes will be reflected on the site.

Borrowers must repay according to the deal terms (repayment amount, due date, and any accrued late fees and platform fee on successful close).

Failure to repay may result in collateral liquidation, ledger adjustments, reputational marks, account restrictions, and liability to the Lender and Swaplo.

Escrow Protect covers the pre-lock funding window. After collateral lock, Lender principal restoration is governed by Section 3.1.1 (subject to Force Majeure). Swaplo does not guarantee lender profit, interest, or repayment premium above principal.

Disputes between parties should first use on-platform Messages and Support. Off-platform contact sharing to circumvent Swaplo is discouraged and may violate these Terms.

Use Swaplo only for lawful purposes. Do not launder funds, finance crime, harass users, spoof identity, or abuse admin/review processes.

Keep communication on-platform. Do not pressure counterparties for personal Telegram, email, or payment channels that bypass escrow.

We may review message transcripts for dispute resolution, safety, and abuse prevention (see Privacy Policy).

We may suspend or terminate accounts that violate these Terms.

Swaplo operators may approve or reject listings, verify and lock collateral, send LTC, process cashouts, moderate reviews, reply to support, and take other actions reasonably needed to run the marketplace and to perform Section 3 obligations.

Admin decisions on fraud, abuse, or clear policy breaches are final for platform access, without limiting your rights under mandatory consumer law where applicable.

Swaplo branding, UI, and documentation are owned by the operator or its licensors. You may not copy or reverse engineer the service except as allowed by law.

You grant us a limited license to host and display content you submit (deal text, avatar, messages, reviews) as needed to operate the platform.

THE SERVICE IS PROVIDED “AS IS” AND “AS AVAILABLE.” TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE DISCLAIM WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT, EXCEPT FOR THE EXPRESS PRINCIPAL-RESTORATION OBLIGATION IN SECTION 3.1.1.

We do not warrant uninterrupted access, error-free operation, or that LTC network conditions, third-party services (email, Telegram, hosting), or counterparties will perform as expected, except that after collateral lock Swaplo’s principal duty to the Lender is as stated in Section 3.1.1 (subject to Force Majeure).

EXCEPT FOR LIABILITY UNDER SECTION 3.1.1 TO RESTORE A LENDER’S FUNDED PRINCIPAL AFTER COLLATERAL LOCK (WHICH IS CAPPED AT THAT PRINCIPAL AMOUNT FOR THE RELEVANT DEAL), AND EXCEPT FOR LIABILITY THAT CANNOT BE LIMITED UNDER APPLICABLE LAW, OUR AGGREGATE LIABILITY ARISING OUT OF YOUR USE OF SWAPLO SHALL NOT EXCEED THE GREATER OF (A) FEES YOU PAID TO SWAPLO IN THE THREE MONTHS BEFORE THE CLAIM OR (B) ONE HUNDRED US DOLLARS (USD $100).

Nothing in these Terms excludes liability that cannot be excluded under applicable law.

You agree to indemnify and hold harmless Swaplo and its operators from claims arising from your use of the service, your deals, your collateral, your content, or your violation of these Terms or law, except to the extent caused by our willful misconduct or by Swaplo’s failure to perform Section 3.1.1 where applicable.

We may update these Terms by posting a revised version with an updated date. Continued use after changes become effective constitutes acceptance of the revised Terms for future activity. Affirmative checkbox acceptance is still required when you submit a new listing or fund a new deal.

If a change materially reduces your rights for an open active loan, we will apply the version in effect when that loan became active unless the law requires otherwise.

Questions about these Terms: use in-app Support (/support) or the contact channel published on the site.

Related policies: Privacy Policy (/legal/privacy) and Refund & Settlement Policy (/legal/refund).