Common use of Lock-Up Periods Clause in Contracts

Lock-Up Periods. You may instruct WSII to arrange to unstake your staked Crypto Assets at any time, subject to any applicable lock-up, unbonding or cool-down periods that may restrict transfers of your Crypto Assets under the rules of the underlying blockchain protocol (“Lock-up Periods”). For certain Crypto Assets, WSII may make commercially reasonable efforts to allow you to remove your staked Crypto Assets from the Staking Functionality prior to the expiry of any Lock-up Period. You acknowledge and agree that WSII is not obligated to do so for all Crypto Assets supported by the Staking Functionality and WSII may, in its discretion, suspend this service and restrict your ability to remove staked Crypto Assets from the Staking Functionality until applicable Lock-up Periods elapse.

Appears in 2 contracts

Sources: Crypto Account Agreement, Crypto Account Agreement