Terms & Conditions

Effective Date: January 1, 2025

Welcome to Surge. These Terms & Conditions (“Terms”) govern your use of the Surge mobile app and website (the “Services”), operated by Amby, Inc. (“Surge,” “we,” “us”).

By using Surge, you agree to these Terms. If you do not agree, do not use the Services.

1. What Surge Is

Surge is a Bitcoin-native, non-custodial credit line protocol.

• You can borrow against your Bitcoin

• Your Bitcoin stays on-chain in a Taproot-based vault

• Surge never takes custody of your assets

• All credit lines are verifiable on the Bitcoin blockchain

We provide software. You control the keys.

2. Eligibility

You may use Surge only if:

• You are 18 years or older

• You are legally allowed to use Bitcoin and lending products

• You are not located in a prohibited or sanctioned jurisdiction

• You are not on any government sanctions list

• You understand the risks of Bitcoin-backed lending

3. Non-Custodial & User Responsibility

Surge is self-custodial, which means:

• We do not hold your Bitcoin

• We cannot access, move, freeze, or recover your funds

• We cannot reverse transactions

• We cannot prevent liquidations

• If you lose wallet access, funds are permanently lost

You are solely responsible for:

• Securing your wallet and passkeys

• Monitoring your credit line health

• Managing liquidation risk

• Backing up recovery information

4. Credit Lines & Liquidation

• Credit lines are backed by Bitcoin collateral

• Loan terms (LTV, interest, duration) are displayed before use

• Health scores are calculated automatically

If collateral value drops below required thresholds:

• Liquidation is enforced by code

• A liquidation penalty may apply

• Warnings are sent, but action is your responsibility

Bitcoin is volatile. Liquidations can happen quickly.

5. Fees

• No fee to download or access the app

• Bitcoin network fees apply to on-chain transactions

• Liquidation penalties apply if liquidated

• All fees are transparent and shown upfront

6. Risks You Accept

By using Surge, you acknowledge and accept:

• Bitcoin price volatility

• Liquidation risk

• Software and smart contract risk

• Oracle and signer network risk

• Regulatory changes

• No insurance or government protection

Use Surge at your own risk.

7. What We Do Not Do

To be clear, Surge does not:

• Provide financial, investment, or tax advice

• Guarantee profits, prices, or outcomes

• Guarantee credit approval

• Insure your Bitcoin

• Act as a bank or custodian

8. Third-Party Services

Surge interacts with third-party systems such as:

• Bitcoin network

• Oracles

• Signer networks

• Lenders

• Block explorers

We are not responsible for failures or issues caused by third parties.

9. Termination

• You may stop using Surge at any time

• We may suspend or restrict access if required by law or if these Terms are violated

• Outstanding obligations (including repayment and liquidation rules) continue even after termination

10. Limitation of Liability

To the maximum extent allowed by law:

• Surge is provided “as is”

• We are not liable for lost Bitcoin, liquidations, or market losses

• We are not liable for indirect or consequential damages

11. Changes to These Terms

We may update these Terms from time to time.

Continued use of Surge after changes means you accept the updated Terms.

12. Governing Law

These Terms are governed by the laws of the State of California, USA, unless otherwise required by law.

13. Contact

Questions about these Terms?

📧 support@surge.build