Terms of
Service

By accessing or using SquiStack through Telegram or any of our web properties, you agree to be bound by these Terms of Service. If you do not agree to these terms, do not use the platform.

These terms apply to all users of SquiStack, including users of the Telegram bot, the miniapp, and SquiStack.app.

You must be at least 18 years old and a resident of an eligible jurisdiction to use SquiStack. The platform is currently available to residents of Nigeria. Access from other jurisdictions may be restricted without notice.

By using SquiStack you represent that: (a) you are at least 18 years of age; (b) you have the legal capacity to enter into a binding agreement; (c) your use will not violate any applicable law.

SquiStack provides a savings and yield platform that converts Nigerian Naira (NGN) to USD-backed stablecoins and deploys them into decentralised finance (DeFi) protocols on Base L2. SquiStack is not a bank, a licensed investment adviser, or a financial institution.

Yield shown on the platform represents variable returns based on DeFi protocol performance. Past APY figures do not guarantee future returns. Your capital is at risk.

To use SquiStack you must connect your Telegram account. To unlock full withdrawal capabilities, you must complete identity verification (KYC) via Smile ID, providing a valid BVN and/or NIN as required.

You are responsible for maintaining the security of your Telegram account. Any actions taken through your Telegram account are your responsibility.

Deposits are made via bank transfer to a Paystack virtual account number assigned to you. SquiStack does not accept cash or third-party transfers. Deposits are credited once confirmed on Paystack's end, typically within 5 minutes.

Withdrawal requests are processed within 2–24 hours depending on your KYC tier. A withdrawal fee of 0.5% (minimum ₦500) applies. For SafeLock vaults, early withdrawal before maturity incurs a 2% penalty fee.

SquiStack charges a 15% performance fee on yield earned — deducted at withdrawal. There are no management fees or subscription costs.

Additional fees: 0.5% withdrawal fee (min ₦500); ~0.5% FX conversion spread on NGN ↔ USDC transactions; 2% early-exit penalty for SafeLock vaults.

You may not use SquiStack to: launder money or finance illegal activities; deposit funds from illegal sources; circumvent AML/KYC requirements by using multiple accounts; reverse-engineer or attempt to exploit the platform; use automated scripts or bots to manipulate the platform.

Violations may result in immediate account suspension and reporting to relevant authorities.

SquiStack and its officers, directors, and employees shall not be liable for: smart contract bugs or exploits resulting in loss of funds; DeFi protocol failures or hacks; loss of funds due to extreme market volatility; Telegram platform outages; losses resulting from your failure to maintain account security.

To the maximum extent permitted by law, our total liability to you shall not exceed the amount of fees paid by you to SquiStack in the 3 months preceding the claim.

These Terms are governed by the laws of the Federal Republic of Nigeria. Any disputes shall be resolved through binding arbitration under the Arbitration and Conciliation Act of Nigeria, seated in Lagos.

We reserve the right to modify these Terms at any time. Material changes will be notified via the SquiStack Telegram bot at least 7 days before taking effect. Continued use after the effective date constitutes acceptance.