The deal, in plain words.
Effective 5 October 2026. Using loom means you agree to this. If you don't, don't use it. The risks page is part of these terms.
1What loom is
loom is a website that helps you build Solana transactions. The transactions lock SOL you own in a third-party lending vault, borrow USDC against it, send that USDC to an address you choose, and later repay and unlock. loom is an interface. It is not a lender, a bank, a broker, an exchange, a custodian, or a financial adviser. loom does not take deposits, hold funds or keys, make loans, or execute anything without your signature.
2Who can use it
You must be at least 18, legally able to agree to these terms, and allowed to use services like this where you live. You must not be a person or entity subject to sanctions, and you must not use loom from a place where doing so is unlawful. You are responsible for knowing the rules that apply to you, including tax.
3Your wallet, your keys, your signatures
You use loom with your own wallet. You control the keys. loom never sees them. Every transaction loom builds is shown to you in your wallet before you sign, and nothing happens until you do. Once you sign, the transaction is final on the blockchain and loom cannot reverse it. Check every address, amount and account before signing.
4Where the cash goes
You tell loom which address should receive the USDC, by typing a fomo handle (which loom looks up using a third-party service) or by pasting an address. loom shows you what it found. You are responsible for confirming it is yours. If cash is sent to an address that is not yours because the handle or address was wrong, loom cannot recover it.
5Fees
loom charges a fee of 0.5% of the USDC you top up, taken once, inside the same transaction, paid to loom's fee wallet. The fee is shown before you sign. Paying back is free of loom fees. The lending protocol, the blockchain and fomo charge their own fees, interest and spreads, which loom does not set and does not receive. loom may change its fee for future transactions by updating the number shown before you sign.
6Third parties loom relies on
Lending is provided by a third-party protocol on Solana (currently Jupiter Lend). Trading happens on fomo. Handle lookups come from independent data services. Price and transaction data come from public blockchain infrastructure. loom is not affiliated with fomo, Jupiter, Solana or any of these, and is not responsible for them: their fees, downtime, errors, hacks, insolvency, rule changes, or decisions to refuse a transaction. If a protocol liquidates your position under its own rules, that is between you and the protocol.
7Risks you accept
Borrowing against a volatile asset can lose that asset. Interest is variable. Smart contracts can fail. Prices feeds can be wrong. Networks can halt. By using loom you confirm you have read the risks page, understand it, and accept these risks yourself. loom gives no advice and makes no recommendation about whether, when or how much to borrow.
8Limits and refusals
During launch loom limits top-ups to $2,000 per transaction and $5,000 of open debt per wallet, and rate-limits its services. loom may change limits, add checks, refuse to build a transaction, or stop providing the service at any time, including to comply with law. loom does not freeze or move your funds: it cannot.
9No warranties
loom is provided as it is and as available. loom does not promise that it is accurate, uninterrupted, secure, free of bugs, or fit for your purpose, and does not promise any outcome, price, rate or profit.
10Limitation of liability
To the fullest extent the law allows, loom and the people who build it are not liable for any loss arising from your use of loom, including loss of funds, lost profits, liquidations, failed or delayed transactions, third-party failures, or your own mistakes. Where liability cannot be excluded, it is limited to the loom fees you paid in the three months before the claim. Nothing in these terms limits liability for fraud or anything the law says cannot be limited.
11Your responsibilities
You agree not to use loom to break the law, to interfere with the service or its providers, to probe or overload it, or to harm others. You are responsible for securing your own devices and wallet. You will cover loom for claims arising from your misuse.
12Data
loom keeps your fomo link and activity history in your own browser. loom's servers process your wallet address, the handles you look up, and your IP address to run the service and to limit abuse, and do not sell them. Blockchain data is public by nature. See the risks page for more on what loom sees.
13Changes
loom may update these terms. The date at the top changes when it does. Continuing to use loom after a change means you accept the new terms. Changes don't apply to transactions you already signed.
14Law and disputes
These terms are governed by the law of England and Wales, and disputes go to its courts, unless the law where you live gives you rights that override this. Try talking to us first.
15Contact
hello@loom.fund.
Plain-English draft by the loom team; not yet reviewed by counsel. Entity name and jurisdiction to be confirmed before public launch.