Terms of Use

Upbit Staking Terms of Use

Article 1 (Purpose)

These Terms of Use are intended to establish the rights and obligations between the member (hereinafter referred to as the “Member”) who has agreed to the Upbit Terms of Use and Dunamu Inc. (hereinafter referred to as the “Company”) in using the Service (defined in Article 2) provided by the Company within the Upbit service, and to regulate other necessary matters.

Article 2 (Definitions)

The terms used herein shall have the following meaning:

1. The term “Service” in these Terms refers to the Upbit Staking Service, Upbit Unstaking Service, and all related services that Members can use, regardless of the terminal device (including various wired and wireless devices such as PCs and mobile devices).

2. The term “Staking” in these Terms of Use refers to the act of participating in specific blockchain activities, such as validating tasks according to the method determined by the blockchain network of each digital asset, and seeking rewards that may arise from such participation.

3. The term “Upbit Staking” in these Terms of Use refers to the service in which the Company acts as an agent for Staking at the request of the Member. The service involves the Company holding specific digital assets on behalf of the Member, participating in specific blockchain activities such as validating tasks according to the method determined by the blockchain network of each digital asset, seeking rewards that may arise from such participation, and distributing the rewards to the Member.

4. The term “Unstaking” in these Terms of Use refers to the act of withdrawing from staking on the blockchain network of each digital asset and receiving the amount of digital assets, including rewards, that were used for staking.

5. The term “Upbit Unstaking” in these Terms of Use refers to the service in which the Company, at the request of the Member, returns the amount of digital assets, including rewards, used for staking that are being held by the Company on behalf of the Member.

6. The term “Rewards” in these Terms of Use refers to the digital assets distributed as a result of staking, as determined by the blockchain network of each digital assets that are being staked.

7. The term “Staking Account” in these Terms of Use refers to an account that is separately maintained and managed through electronic records which enables a Member who has applied for staking to check the status of their digital assets and the digital assets generated from staking rewards.

Article 3 (Important Notes on Upbit Staking)

Upbit Staking is not a financial investment product or service, but a technical agency service supported by the Company to enable Members to easily participate in Staking.
Upbit Staking is a service that acts as an agent for Staking according to the Member's designated preferences. If the Member lacks sufficient knowledge and experience regarding blockchain and digital assets, the Member should confirm the risks associated with Staking or Unstaking through these Terms of Use and Upbit’s customer center before applying to the Service.
The value of the digital assets that are subject to Staking or Unstaking may fluctuate regardless of the Service, and any losses due to changes in digital asset’s market value during the use of the Service shall be the responsibility of the Member, and the Company shall not be responsible for it.
If there is a required period for Staking or Unstaking on the blockchain network for each digital asset, the digital asset may not be returned to the Member at the desired time, which may affect the Member’s financial gain or loss.
In the process of using the Service, there is a possibility that the Staked digital assets may be lost or may not be returned due to any reason unrelated to the Company that may occur on the blockchain network of the corresponding digital asset, and the Company shall not be responsible for this unless there is intentional or negligence on the part of the Company’s act.
The Company provides the Service by simply providing technical support and acting as an agent within the scope of the business set by the Member, within the technically feasible range, taking into account the situation of each digital asset’s blockchain network. During the Staking period in the blockchain network of each digital asset, the Company may participate in validation, voting, etc. as a validator in accordance with the requirements set by the blockchain network of each digital asset.
The Member can check the storage and management status of digital assets related to the Service at any time through the Member's Staking Account, and the digital assets applied for Upbit Staking are excluded from the Member's Upbit balance, tradable assets, and withdrawable assets from the time of application until the completion of Upbit Unstaking.
The rights to the digital assets applied for Upbit Staking belong to the Member, and the Company uses the digital assets solely for Upbit Staking tasks set by the Member, without utilizing them for any investment, asset acquisition, or operational purposes.
Unless there are exceptional circumstances such as hacking on the blockchain network of the digital assets applied for Upbit Staking, the amount of the digital assets that a Member has applied for Upbit Staking (including the digital assets generated as Rewards) will be maintained and will not be decreased. If the amount of the digital assets applied for Upbit Staking is lost due to the Company's intentional or negligent acts, the Company will support recovery in accordance with its relevant policy.
The Company may apply different details (such as pending periods) regarding the Service for each digital asset, taking into account the policies of the blockchain network for each digital asset. The Company will notify such details on the homepage, and the Member should be aware of them and decide whether to apply for the Service accordingly.
For each digital asset, the required minimum quantity to apply for the Service varies, as indicated on the homepage. Members can only apply for the Service if they meet the required minimum quantity.
Members cannot dispose of the digital assets to a third party applied for Upbit Staking (including digital assets generated as Rewards) by transferring, assigning or providing them as collateral until Upbit Unstaking is completed and becomes tradable.
Members cannot dispose of all or any part of their rights or contractual position by transferring, assigning or pledging related to the Service to a third party.
Even if a Member receives an electronic record showing that the Staking has been completed for the quantity requested, such electronic record serves only to prove the fact and status of the Staking application for the purpose of evidence, and does not result in the issuance of any digital assets, nor does such record itself represent any rights, and may not be disposed of in any way to a third party such as transferring, assigning or pledging.
The deposit and withdrawal of digital assets related to the Service may be temporarily restricted in case of delays, errors, maintenance or any other issues with the blockchain network of each digital asset.

Article 4 (Generation and Distribution of Rewards)

The Rewards cycle varies for each digital asset's blockchain network (please refer to the details on the homepage), and once the Rewards are generated, the Company aggregates them and distributes them to Members at regular intervals. The distribution cycle may change depending on the situation of each digital asset's blockchain network, the Company's security and technical conditions, and Members can check the distribution cycle for each digital asset by referring to the details on the homepage.
The Company aggregates the Rewards generated over 24 hours starting from 9:00 am (KST) each day, and distributes them to the Member's Staking Account or Upbit account without delays. However, the Rewards distribution may be temporarily delayed depending on the situation of each digital asset's blockchain network or the Company's security and technical conditions.
Digital assets that are in the pending status for Staking or Unstaking do not generate any Rewards.
The Rewards for Staking vary continuously depending on each digital asset's blockchain network status, and the Company cannot intervene in this process nor provide any guarantee to the Members regarding the level of Rewards. Members must apply for Upbit Staking after checking the Rewards payment rates for each digital asset by referring to the details on the homepage.
The Reward rate for each digital asset displayed on the detailed page of the website shows the figures (actual Reward rate after deducting fees) calculated in the past on the blockchain network of each digital asset. The future Reward rate may vary depending on the situation of each digital asset's blockchain network so this information should be used for reference purposes only and should not be interpreted as predicting or guaranteeing future Reward rates.
The Company rounds down any rewards that are less than the minimum unit for each digital asset. Rounded down amount of the digital assets will be excluded from the amount of digital assets returned to the Member.

Article 5 (Prohibited Acts and Termination)

Members can apply for termination of these Terms of Use on the [My Page > Service Agreement Settings] page.
If you have any digital assets that are in Upbit Staking or Upbit Unstaking status, you can proceed with the service termination process only after the completion of Upbit Unstaking.
Upon termination, the Member's information will be deleted, and the Member will not be eligible for any Rewards distribution, airdrops, event alerts, or any other benefits related to the Service.
The Member is not allowed to engage in the following actions related to the use of the Service:
1. Abusing the Service by repeatedly applying or terminating the Service abnormally.
2. Engaging in activities such as market price manipulation to gain unfair advantages, disrupting the market order, or suspicious trading for criminal purposes.
If a Member violates the preceding paragraph, the Company may restrict the use of the Service and may also request corrective action. However, if the violation is not corrected within a reasonable period of time despite the request for corrective action or if the same violation is repeated two or more times, the Company may terminate these Terms of Use.
This Article does not exclude the application of Articles 10, 17, 18, and 20 of the Upbit Terms of Use.
The Company may, to the extent necessary to comply with its obligations under applicable laws and regulations, decisions or orders of a court, or dispositions of an administrative authority, restrict a Member’s application for Unstaking, the transfer of Digital Assets, or the distribution of Rewards, or may initiate the Unstaking process.

Article 6 (Restriction of Responsibility)

Depending on the Company's security and technical conditions, as well as the situation of each digital asset's blockchain network, there may be temporary constraints or delays in the Service.
The Company may modify or suspend parts or all of the Service due to changes in related laws and regulations, government policies, changes in the situation of each digital asset's blockchain network, or user protection measures.
The Company shall not pay damages or compensation for delay or withholding of Rewards caused by the following reasons. However, if the Company's intentional or negligent act causes damages, the Company shall be liable for such damages.
1. Errors or delays on the blockchain network for each digital asset.
2. Service disruptions caused by the fault of telecommunication service providers or security companies.
3. Occurrence of incidents such as hacking and distribution of malicious codes.
4. Other reasons that are equivalent to the above.
For matters not specified in this Article, Article 20 of the Upbit Terms of Use shall apply.

Article 7 (Fees)

Members must pay fees for Upbit Staking and Unstaking Services. The service fees may vary depending on the type of digital assets, which are explained in the details in the Upbit homepage.
The Company may set separate fees for the Service through mutual agreement with Members under specific conditions.

Article 8 (Relationship with Upbit Terms of Use)

Any matters not specified in these Terms of Use shall be governed by the Upbit Terms of Use and related laws and regulations, and any matters not specified in the laws and regulations shall be governed by commercial practices.
If there is a conflict between these Terms of Use and the Upbit Terms of Use, these Terms of Use shall take precedence and the Upbit Terms of Use shall be applied as supplementary.

Article 9 (Governing Law and Dispute Resolution)

Any disputes arising from or related to these Terms of Use shall be governed by the laws of the Republic of Korea.

<Supplementary Provisions>

These Terms of Use shall be effective as of October 1, 2026.
Previous Terms of Use can be found below.

※ This English version of the Upbit Staking Terms of Use is a translation based on the original Korean version of the Upbit Staking Terms of Use . If there is any conflict between the original Korean version and this English version, the original Korean version of the Upbit Staking Terms of Use shall prevail.

- Link to Upbit Staking Terms of Use (2022.10.31 ~ 2026.09.30)>
- Link to Upbit Staking Terms of Use (2022.07.11 ~ 2022.10.30)>
- Link to Upbit Staking Terms of Use (2022.01.13 ~ 2022.07.10) >