General terms & conditions for FCS staking services
Important: These GTCs have been drafted in both German and English. In the event of any disputes arising between the two versions, the German version shall supersede and replace in its entirety any interpretation or ambiguity.
With each delegation of Crypto Assets or proxy rights to Validator Nodes operated by Finoa Consensus Services GmbH, Rosenstraße 2, 10178 Berlin, registered in the Commercial Register of the District Court of Berlin (Charlottenburg) under HRB 241364 B (“Validator”), the client accepts the following General Terms and Conditions for the use of Finoa Consensus Services staking services.
Preamble
Delegated proof of stake allows owners of Crypto Assets to delegate to third-party validators without transferring their assets, enabling them to stake and potentially generate Staking Rewards. The Validator operates technical infrastructure for Supported Networks listed on this website. For Validation Services the Validator receives a Validation Fee based on a Validation Rate (commission) applied to Staking Rewards.
1. Mutual obligations
The Validator shall operate the hardware and software necessary to run Validator Nodes, use best efforts to be selected as a Validator Node, publish any decision to end support of a Supported Network at least three months in advance, provide services diligently, and operate each Validator Node with an uptime of 99% per month. The Client shall maintain the security of its accounts and keys, allow the Validator to execute governance rights if applicable, claim Staking Rewards if necessary, pay all applicable taxes, comply with all relevant laws including AML obligations, and unstake if the Validator ends support of a network.
2. Acknowledgements of the Client
Staking Rewards are only earned when a Minimum Required Stake is delegated to the selected node. Rewards are not guaranteed. Staking involves risks including liveness errors, security errors (double-signing), and lock-up during unbonding. The Validator only supports non-custodial staking and shall in no event become the custodian of the Client's Crypto Assets.
3. Limitation of liability
Liability is limited in accordance with the full German-language GTC. Nothing in the agreement excludes liability for intent, gross negligence, or injury to life, body, or health where mandatory law applies.
4. Staking Rewards, Validation Fee, and payout
Staking Rewards are determined by the Chosen Network. The Validator receives a Validation Fee as a percentage of rewards. Payout mechanics follow the rules of the respective network.
5. Indemnification
The Client shall indemnify the Validator against claims arising from the Client's breach of these terms or applicable law.
6. Term, termination, obligations upon termination
The agreement remains in force while Crypto Assets are delegated to Validator Nodes. Either party may terminate in accordance with the GTC. Upon termination the Client is responsible for unstaking according to network rules.
7. Final provisions
German law applies. The place of jurisdiction is Berlin, unless mandatory consumer law provides otherwise. Should any provision be invalid, the remaining provisions remain in effect.
This page summarizes the FCS GTC for the website rebuild. The full German-language agreement remains the legally binding version.