Last updated 30.06.2026

Introduction

These Terms and Conditions (“Staking Wallet T&Cs“) govern the use of the Staking service (“Service“) offered by Young Platform S.p.A. (“Young Platform” or “Company“). The Service, provided in cooperation with third-party providers of custody and staking services (hereinafter “Provider(s)“, by way of example: (i) Fireblocks and/or other third parties with similar characteristics; (ii) decentralised protocols such as the one made available by Lido and/or other third parties with similar characteristics), allows Users to participate in the staking process of certain crypto-assets, in order to obtain rewards and to contribute to the operation and security of the relevant blockchain networks.

The Staking Service is an ancillary service that does not fall within the list of crypto-asset services governed by Title V of Regulation (EU) 2023/1114 (MiCAR). Consistent with ESMA’s statements, staking through an intermediary — such as that offered by the Company — does not, as such, constitute a crypto-asset service within the meaning of MiCAR. However, the custody of Users’ crypto-assets for the duration of the Staking — including derivative tokens such as the wstETH generated by Staking on Lido — is provided by the Company in its capacity as provider of the service of custody and administration of crypto-assets on behalf of clients pursuant to Article 75 of MiCAR, in compliance with the Custody Policy for crypto-assets and the related Summary made available to clients through the Company’s official channels.

Consistent with what has been stated by ESMA (Q&A 2067 of 20-06-2024), the Service is provided in compliance with all the requirements established by MiCA for entities authorised to provide custody and administration of crypto-assets on behalf of clients (in particular Articles 59, 62, 66, 67, 68, 69, 70, 71, 72, 73, 74 and 75 of MiCA).

In order to ensure the security of the custody infrastructure and of the Users’ crypto-assets, the Company relies on best-in-class Providers, including Fireblocks Ltd. Fireblocks provides a crypto-asset wallet service with high security standards, which includes the storage of private keys in secure environments and the interaction with various blockchains to monitor asset balances. The agreement between Young Platform and Fireblocks provides for safeguards aimed at protecting Young Platform’s information and excludes Fireblocks’ liability solely for indirect damages and damages arising from force majeure causes. Young Platform, in turn, undertakes to adopt security measures, such as the timely notification of any breaches and the execution of integrity tests on the service provided by the Provider.

The use of the Service by Users is subject to the full and unconditional acceptance of these Terms, as well as of the Privacy Policy and of the Staking Configurations (described below) selected by the Users pursuant to Article 5 of these Staking Wallet T&Cs. The User is therefore invited to read these Terms carefully before using the Service and to regularly consult the Young Platform platform for any updates and/or amendments.

The use of the Service also presupposes the review and acceptance of the General Terms & Conditions of Young Platform – Crypto-Asset Services, of the Summary of the Custody Policy for Crypto-Assets pursuant to Article 75 of MiCAR and of the General Risk Disclosure, documents available through the Company’s official channels.

Definitions

• Staking: a fundamental process in some crypto-assets, in particular those that use the “Proof of Stake” (PoS) consensus mechanism, which provides for the User’s ability to “lock” a certain quantity of crypto-assets to support the operations of the blockchain network. The Staking Service offered by the Company is an ancillary service not falling within the crypto-asset services referred to in Title V of MiCAR.
• User: the natural or legal person who uses the Staking service made available by Young Platform.
• Configuration: a set of parameters that define the Staking conditions for a specific crypto-asset with a particular Provider, including minimum and maximum amounts, fees, technical timings and timings imposed by the blockchain, and APY.
• Position: the Staking Service activated by the User, following a specific Configuration, and which the User may deactivate upon confirmation of closure of the position. A single Position may include several Stakes (as defined below).
• Stake: identifies each individual term (identified below) within a Position. Technically, the term is each individual Staking action that the User may carry out within a single Position. By “action” is meant the active conduct of the User who voluntarily decides to place further crypto-assets in Staking.
• APY (Annual Percentage Yield): the estimated annual percentage reward that each User may receive through Staking. The APY is an indicative, variable and non-guaranteed value, calculated gross of the fees applied by the Company unless otherwise indicated in the Configuration. Its historical value does not constitute a guarantee of future results.
• Epoch: the frequency at which rewards accrue on the reference blockchain (see below example, Solana).
• Recurring Staking: a service that automates the periodic purchase of crypto-assets and their immediate transfer into Staking, thereby optimising the accumulation process.
• Provider: a third party specialised in the technical and operational management of the Staking process on specific blockchains, with which the Company has entered into service agreements. Current Providers include, by way of example, Fireblocks Ltd., Kiln and Lido. Young Platform selects Providers according to criteria of reliability, security and soundness.
• Staking Rewards: the additional units of crypto-assets generated by the participation in the Staking process, credited to the User at the end of the Unstake process according to the modalities described in Article 4 and in the applicable Configurations.
• wstETH (Wrapped Staked Ether): a derivative token generated by the Lido protocol against the deposit of ETH in the Lido smart contract. The wstETH represents the User’s liquid Staking position and, for the duration of the lock, is held in custody by the Company in accordance with the Custody Policy for crypto-assets pursuant to Article 75 of MiCAR according to the omnibus model described in the related Summary, available to the User through the Company’s official channels.
• Unstake: the request submitted by the User for the release of one or more Stakes active within a Position, which initiates the closure process of the Stake and, upon completion of any applicable Unbonding Period, returns to the User’s main wallet the crypto-assets and the rewards accrued, net of fees.
• Unbonding Period: the period of time, imposed by the protocol of the reference blockchain, required between the Unstake request and the actual availability of the crypto-assets in the User’s main wallet. During the Unbonding Period, the crypto-assets do not generate rewards and are not available for withdrawal or trading.

Subject matter of the Service

2.1 Young Platform makes available to Users the Service, which allows them to actively participate in the Staking process of specific supported crypto-assets.

2.2 The Staking Service offered by Young Platform is configured as an opportunity for Users to actively participate in the operation and security of the blockchain network underlying the chosen crypto-asset, by making their crypto-assets available for a certain period of time. In exchange for this active participation, Users receive rewards, generally in the form of further units of the same crypto-asset.

2.3 Young Platform, in this context, plays a role of facilitation between the User and the Provider. The Company does not act as a direct validator on the blockchain, nor does it assume responsibility for the operational decisions of the Providers. The Company selects the Providers on the basis of reliability and security criteria and continuously monitors their operations, adopting the measures referred to in Article 6 in the event of anomalies.

2.4 Through the Staking Service, Users have the possibility, by receiving rewards in exchange, of contributing to the security of the network, since by participating in Staking, Users actively support the “Proof of Stake” consensus mechanism of certain blockchains, contributing to their security and decentralisation. In addition, Users have the possibility of accessing diversified Staking opportunities, as Young Platform makes available the possibility of choosing among different crypto-assets and/or Providers, allowing Users to diversify and personalise their choices.

2.5 For the entire duration of the Staking lock, the User’s crypto-assets — including the wstETH generated by Staking on Lido — are held in custody by the Company in accordance with the Custody Policy for crypto-assets adopted pursuant to Article 75 of MiCAR, according to the omnibus model described in the Summary of the Custody Policy made available to clients. The crypto-assets in Staking constitute the User’s assets, segregated from the Company’s treasury assets, and cannot be claimed by the Company’s creditors, even in the event of insolvency or insolvency proceedings.

2.6 The Staking Service does not fall within the crypto-asset services listed in Articles 75–80 of MiCAR and, as such, does not require CASP authorisation. However, the Company provides the Service in compliance with the highest standards of client protection provided for by MiCAR for the services actually rendered by it — in particular the custody service under Article 75 of MiCAR — and in accordance with its internal compliance and risk-management procedures.

General Conditions

3.1 Access to and use of the Service offered by Young Platform are subject to compliance with the following conditions:

(i) the User must be the holder of an active account on the Young Platform and must have successfully completed the entire identity verification process provided for, in compliance with the applicable anti-money laundering legislation and with Young Platform’s internal policies.

(ii) the User must have read, understood and fully accepted the General Terms & Conditions – Crypto-Asset Services, available through the Company’s official channels. The acceptance of such terms constitutes an indispensable prerequisite for access to any service offered by Young Platform.

(iii) The Staking Service is made accessible by Young Platform exclusively for a specific set of crypto-assets and through specifically selected Staking Providers. The list of supported crypto-assets and of the related Providers may be subject to changes over time, at the unilateral discretion of Young Platform. It is understood that the possible deactivation of one or more crypto-assets and/or Providers will be communicated with reasonable advance notice, save in cases of force majeure and/or certain and verified risk, in respect of which Young Platform reserves the right to intervene promptly to protect Users.

3.2 Young Platform reserves the right, at any time and at its sole discretion, to amend the conditions of the Staking Service, including the supported crypto-assets, the available Providers, the fees applied and any other aspect deemed relevant. The Company further reserves the right to discontinue, in whole or in part, the provision of the Staking Service, subject to prior notice to Users of 7 calendar days during which Users may withdraw before being subject to the new conditions.

3.3 The use of the Staking service occurs at the User’s sole risk and discretion. Young Platform may not in any way be held liable for any losses, damages or prejudice, direct or indirect, that the User may suffer as a result of their participation in Staking, including, by way of example but not exhaustively, losses arising from the volatility of the crypto-asset market, from technical issues or from acts or omissions of the Staking Providers. Staking, like any operation involving crypto-assets, entails risks. The value of crypto-assets may fluctuate, and past returns are not indicative of future results. Staking rewards may vary depending on several factors, including the protocol of the crypto-asset, the number of validators and market conditions. It is essential to carry out thorough research and to fully understand the mechanisms of Staking before deciding to proceed. The User acknowledges that any risks and/or attacks on the blockchain of one or more crypto-assets may result in the loss of all or part of their portfolio. The User is solely responsible for their own investment decisions.

3.4 The crypto-assets held within the framework of the Service do not benefit from the deposit guarantee schemes provided for bank deposits (Directive 2014/49/EU) nor from the investor compensation schemes (Directive 97/9/EC), in accordance with Article 38 of MiCAR.

Activation of the Staking Service

The activation of the Staking Service on Young Platform is structured in the following phases:

A. Selection and Setup

• Choice of the crypto-asset and of the Provider: the User, through the platform interface, selects the crypto-asset to be placed in Staking and the desired Staking Provider among those available.
• Definition of the amount: the User specifies the quantity of crypto-asset to be allocated to Staking. Such amount must comply with the minimum and maximum limits established in the “Configuration” specific to the crypto-asset-Provider combination chosen. The Configuration also defines other relevant parameters such as fees, unlocking times and estimated APY (it is specified that the estimated APY is gross of the fee applied by Young Platform).

B. Verification and Start of Staking

• Resource check: Young Platform carries out a real-time verification to ascertain the availability of the technical and operational resources necessary to process the User’s Staking request.
• Possible technical delays: the actual start of Staking and, therefore, the activation time of the Service may be subject to delays due to technical factors such as the need to transfer funds between wallets, to carry out currency conversions or to wait for the confirmation of transactions on the blockchain. In the event of any delays, the User will see the status “Activating” in the Staking section of the platform.
• Lock and Reward Generation: once the preliminary phases have been completed, the User’s crypto-assets are “locked”, i.e. made available to the protocol offered by the Staking Provider in order to participate in the block validation process. From that moment on, the crypto-assets start generating rewards based on the conditions set out in the Configuration chosen. For the duration of the lock, the crypto-assets remain held in custody by the Company pursuant to Article 75 of MiCAR, with concurrent updating of the User’s position in the Company’s internal records.

C. Management of Rewards and Unlocking

• Calculation and Crediting: accrued rewards are calculated periodically according to the modalities defined by the Company in agreement with the Staking Provider. The rewards are then shown within the active Staking Position and are subsequently credited to the User’s account within the Young Platform once the User completes the unlocking process, i.e. submits the closure request (hereinafter “Unstake“) of one or more Stakes.
• Unlock or Unstake request: the User has the right to request at any time the unlocking of the crypto-assets placed in Staking, provided that the Stakes for which the User wishes to request the unlocking are active. The Unstake of a Stake does not entail the closure of the Position, which will eventually remain active with the remaining Stakes. Furthermore, the Unstake request must be made in compliance with the conditions and unlocking timings provided for in the Configuration chosen. “Unbonding Periods” (described below), also referred to as “Closure Times“, imposed by the blockchain itself, may apply, during which the crypto-assets do not generate rewards and are not yet available for withdrawal.
• Deduction of fees: Young Platform will deduct the applicable fees, as specified in the Configuration (see below), from the rewards generated or, alternatively, from the amount unlocked at the time of the Unstake request.

Should the User wish, following the Unstake, to transfer the crypto-assets to an external wallet, the Crypto-Asset Transfer Procedure of Young Platform pursuant to Article 82 of MiCA shall apply, the conditions and risks of which — including the irreversibility of transactions on DLT and the User’s responsibility for the correctness of the destination address — are illustrated in the Summary of the Transfer Policy made available to clients through the official channels.

Staking Configurations: Parameters and conditions

5.1 The Staking service offered by Young Platform is based on a system of “Configurations” that define the specific parameters and conditions applicable to each combination of crypto-asset and Staking Provider.

5.2 Each Configuration establishes a set of rules and limits (the “Parameters“) governing the Staking process for a specific crypto-asset with a particular Provider. The key information included in a Configuration is:

• Minimum and maximum amounts: the Configuration specifies the minimum and maximum quantity of crypto-asset that the User may place in Staking. These limits may vary depending on the crypto-asset, the Provider and market conditions.
• Fees: the Configuration details the fees applied by Young Platform for the use of the Staking service. These fees may include deposit fees, withdrawal fees and fees on the rewards generated, and are indicated in a clear and understandable manner prior to the start of each Staking transaction, in accordance with the transparency principles provided for by MiCAR for custody services.
• Technical timings: the Configuration indicates the technical timings that may occur during the Staking process.
• Annual rate or APY: the Configuration provides an estimate of the Annual Percentage Yield (APY) that the User may expect to obtain from Staking the selected crypto-asset with the specific Provider. The APY is an indicative value and may vary depending on several factors, including market fluctuations and Provider decisions. The APY does not constitute a guarantee of return nor an investment recommendation.
• Closure Times (“Unbonding Period“): the Configuration specifies the period of time required to unlock the crypto-assets placed in Staking. During this period, called the “Unbonding Period“, the crypto-assets do not generate rewards and are not available for withdrawal.
• Club Benefits: any increases in rewards and/or other benefits reserved for Users who are part of certain membership levels or Clubs within the Young Platform.

5.3 The Configurations system adopted by Young Platform ensures information transparency to the User, allowing them to know in advance all the relevant parameters and conditions before starting the Staking process. The User declares and acknowledges that they are solely and exclusively responsible for the Configurations chosen.

Risks and Liability

6.1 Young Platform undertakes to make the Staking Service available; however, it is essential that the User is aware of the inherent risks associated with this activity and assumes full responsibility for their decisions.

6.2 The crypto-asset market is characterised by high volatility, with significant price fluctuations even over short periods of time. The User acknowledges that the value of the crypto-assets placed in Staking may fluctuate both upwards and downwards during the lock period, and that such fluctuations may entail even significant economic losses. In this regard, the User acknowledges and accepts without reservation that, where there are delays and/or the need to comply with Unbonding Periods, Young Platform will in no way and under no circumstances be liable for any decrease and/or increase in the value of the crypto-assets for which the User intends to Unstake.

6.3 Young Platform may not be held liable for any losses, damages or prejudice suffered by the User as a result of technical issues, platform malfunctions, cyberattacks, service interruptions or any other event beyond its reasonable control, including force majeure events. Within the framework of its operational resilience procedures adopted in accordance with Regulation (EU) 2022/2554 (DORA), the Company maintains business continuity and disaster recovery plans tested periodically in order to minimise the impact of any Service interruptions.

6.4 Although Young Platform, where possible, actively cooperates with the Providers, each Provider operates independently and according to its own terms and conditions of service. The Company may not be held liable for any acts, omissions or breaches by the Providers, nor for any losses or damages that the User may suffer in relation to the conduct of the Providers themselves.

6.4.1 Slashing: in Staking, as mentioned, the assets in stake are delegated to third-party validators, the Providers. If the Providers act improperly or fail to validate the transactions, they may not accrue rewards and may suffer the so-called “Slashing“, i.e. a reduction or loss of the rewards generated. This may negatively affect Staking rewards. Young Platform undertakes to select reliable validators and to minimise the risk of Slashing, but the risk, although remote, cannot be completely eliminated. In the case of Slashing, unless otherwise provided, the Providers are not under an obligation to cover the missed rewards, especially if the Slashing is caused by factors outside their control (such as hacker attacks or issues in the blockchain). By participating in Staking, therefore, the User accepts the risk that Slashing may entail a partial or total loss of the value of the crypto-assets “locked” in Staking, as well as of the related rewards. In the case of Slashing, Young Platform may not in any way be held liable for any damages and/or losses arising therefrom.

6.4.2 The User’s crypto-assets in Staking are held in custody according to the omnibus model described in the Summary of the Custody Policy. In the event of a loss that is not fully covered by insurance or by the Company’s own resources, there is a theoretical risk of pro rata allocation of losses among Clients, as described in the Summary of the Custody Policy.

6.4.3 In the case of Staking of ETH through Lido, the User’s crypto-assets are converted into wstETH, a derivative token whose value is determined by the Lido protocol and is not identical to that of ETH. The wstETH is subject to the specific risks of DeFi protocols, including the technical risks of Lido smart contracts, the governance risks of the protocol and the de-peg risks with respect to ETH. Young Platform is not responsible for the operation of the Lido protocol nor for variations in the wstETH/ETH conversion ratio.

6.5 The User declares to have fully understood the risks associated with the Staking of crypto-assets, including the risks of loss of the invested capital, of market volatility, of technical issues and of default by the Providers. The User undertakes to inform themselves adequately on the specific characteristics of each crypto-asset and of each Provider before taking any decision. The User assumes full responsibility for all decisions relating to Staking, including the choice of the crypto-assets, of the Providers and of the amounts to be allocated. The Company does not provide any form of financial or investment advice, and the User is invited to consult a qualified professional in case of doubts or need for assistance.

Fees

7.1 The use of the Staking service offered by Young Platform entails the application of fees, the specific modalities and amounts of which are described in detail within the Configurations relating to each combination of crypto-asset and Staking Provider.

7.2 The fees applied by the Company may include, by way of example but not exhaustively, the following types:

• Deposit fees: fees charged at the time of the deposit of the crypto-assets on the Young Platform platform, where such crypto-assets are intended to be used for the Staking service.
• Withdrawal fees: fees charged at the time of the withdrawal of the crypto-assets from the Young Platform platform, both in the case of withdrawal of the crypto-assets placed in Staking and in the case of withdrawal of the rewards generated by Staking.
• Fees on rewards: fees calculated as a percentage of the rewards generated by Staking and deducted directly from such rewards before they are credited to the User’s account.

7.3 The amount of the fees applied may vary depending on several factors, including:

• crypto-asset: the fees may differ depending on the specific crypto-asset subject of Staking.
• Staking Provider: each Staking Provider may apply different economic conditions, which are also reflected in the fees charged by Young Platform.
• Market conditions: in some cases, the fees may be influenced by the prevailing conditions on the crypto-asset market, such as the volatility or the liquidity of a given crypto-asset.

7.4 It is specified that the fees will be applied by Young Platform at the time the User decides to proceed with the Unstaking of the individual stake, or at the time of the closure of the Position.

7.5 Young Platform undertakes to ensure maximum transparency regarding the fees applied, providing the User with all the necessary information within the Staking Configurations and through other appropriate communication channels. The User receives confirmation of the details of the applicable fees before confirming each Staking or Unstaking transaction.

7.6 The rewards generated by the Staking activity may be subject to taxation in accordance with the tax legislation in force in the User’s country of tax residence. On the basis of Italian legislation in force (Law 197/2022 and subsequent regulatory measures), Staking rewards are generally qualifiable as “other income deriving from the holding of crypto-assets” and are taxable in the tax year in which they are actually received. Young Platform does not act as a withholding agent in relation to income taxes deriving from Staking and does not provide tax advice. It is the User’s sole responsibility to comply with their reporting and payment obligations. It is recommended to consult a qualified tax professional.

Operating modalities of Staking

Staking with Lido (Ethereum)

For this type of staking, the so-called “Liquid Staking“, Young Platform relies on Lido https://lido.fi/, whose T&Cs are available at the following link: https://lido.fi/terms-of-use.

• Start of Staking: when a User decides to put their ETH in Staking, they must specify the desired amount, respecting the minimum and maximum limits defined in the applicable Configuration. Young Platform will verify the availability of Wrapped Staked Ether (wstETH) in order to ensure the execution of the Staking activation request.
• Conversion and Activation: after a configurable technical delay (usually between 24 and 48 hours), required to handle fund transfers and conversions, the User’s ETH will be converted into wstETH from Young Platform’s reserves. It is specified that the ETH/wstETH conversion rate is defined by the Provider. Once the conversion has been completed, the User’s individual Stake will become active. The wstETH thus generated is held in custody by the Company pursuant to Article 75 of MiCAR in accordance with the Custody Policy for Crypto-Assets and the related Summary. The User acknowledges that the wstETH is not transferred directly to their external wallet during the Staking period: it is held by the Company in omnibus mode within the framework of the custody service under Article 75 of MiCAR, as described in the Summary of the Custody Policy.
• Reward Calculation: Young Platform will monitor the price of wstETH against ETH, recording the exchange rate at the time of the Staking activation and tracking daily variations in order to calculate the rewards. The APY displayed represents the average of the last 30 calendar days of on-chain Lido rewards, net of Young Platform’s fees. The rewards generated by Users will be automatically reallocated to Staking, increasing the quantity in Staking over time.
• Unstaking process: the User may decide to unlock one or more Stakes within a Position, up to a maximum of all active Stakes. At the time of the Unstake, a fee will be applied to the rewards, as specified by the parameter. If the calculated fee is lower than the minimum threshold, the minimum fee will be applied. There may also be a delay before the funds relating to the individual unlocked Stakes are returned, due to on-chain deactivation procedures. At the end of the deactivation period, the originally staked quantity and any rewards (net of fees) will be returned to the User’s main wallet. Should the User subsequently wish to transfer the ETH or wstETH to an external wallet, the Crypto-Asset Transfer Procedure pursuant to Article 82 of MiCAR shall apply.

“Proof of Stake” Staking with Provider

The Staking Service is provided exclusively through the Provider itself. In particular, for this type of Staking, Young Platform relies on providers such as Fireblocks www.fireblocks.com/ and Kiln www.kiln.fi/, whose terms and conditions are available at the following link: www.kiln.fi/terms-and-conditions.

For simplicity, we will use Solana (SOL) as an example to illustrate the process, but the same conditions apply to all other supported crypto-assets.

• Start of Staking: in order to put their SOL in Staking, the User must specify the desired amount, in compliance with the minimum and maximum limits defined in the Configuration. Each Staking action will generate an on-chain transaction, transferring the User’s SOL into a Staking account created specifically for them. Due to the protocols of the Solana network, a delay (typically more than 48 hours) may occur before the Staking becomes active.
• Reward Calculation: rewards accrue at the end of each Epoch of the Solana blockchain. Rewards are recognised only at the end of the Stake and once the Unstake process is completed.
• Unstaking process: the User may request the Unstake of their SOL at any time, provided that the Stake is active. The Unstake involves on-chain transactions, which may take more than 48 hours due to network protocols. Once the deactivation period has been completed, the User’s SOL and the rewards (net of fees) will be returned to the User’s main wallet. Should the User subsequently wish to transfer the SOL to an external wallet, the Crypto-Asset Transfer Procedure pursuant to Article 82 of MiCAR shall apply.

Data Processing

9.1 Young Platform undertakes to process the User’s personal data in full compliance with the legislation in force on the protection of personal data, including the General Data Protection Regulation (GDPR) and the Italian Personal Data Protection Code (Legislative Decree 196/2003 as amended).

9.2 The User acknowledges that the processing of their personal data by Young Platform will take place in accordance with the Company’s Privacy Policy, available on the Company’s website. The Privacy Policy provides comprehensive details on the purposes of the processing, the modalities of collection and storage of the data, the User’s rights and any other relevant aspect regarding privacy.

9.3 In order to ensure the provision of the Service, it may be necessary for Young Platform to share certain personal data of the User with the selected Staking Providers. Such sharing will take place exclusively to the extent strictly necessary to allow the Providers to carry out the technical and operational activities related to the Staking process. The User’s personal data that may be shared with the Staking Providers include, by way of example but not exhaustively: identification data (first name, last name, date of birth, address of residence, nationality); contact data (email address, telephone number); data relating to the Young Platform account (User ID, account balance, transactions carried out); data relating to Staking (crypto-assets placed in Staking, amounts, selected Providers, rewards generated).

9.4 Young Platform undertakes to carefully select the Staking Providers and, if necessary, to enter into contractual agreements with them ensuring the adoption of adequate security measures for the protection of the User’s personal data. The Providers will also be bound to comply with the legislation in force on data protection and will be able to process the User’s data exclusively for the purposes strictly connected to the provision of the Staking Service.

Applicable Law and Jurisdiction

10.1 These Terms and Conditions are governed by Italian law. The competent jurisdiction for any dispute between the Parties arising out of or in connection with this contractual relationship is the court of Turin, where the consumer-protection legislation (Legislative Decree No. 206 of 6 September 2005) does not apply.

10.2 Alternative Dispute Resolution (ADR). The User who qualifies as a consumer pursuant to Legislative Decree 206/2005 has the right to access the out-of-court dispute resolution procedures provided for by law, including recourse to the Arbitrator for Financial Disputes (ACF) and the Banking and Financial Arbitrator (ABF), where applicable due to the nature of the transaction, in accordance with the modalities described in Young Platform’s Complaints Handling Procedure available through the Company’s official channels.

Amendments to the Terms and Conditions

11.1 Young Platform reserves the right to amend, supplement or update at any time these Terms and Conditions, as well as the Staking Configurations, in order to adapt them to any regulatory, technological, commercial or other changes.

11.2 Any amendment to the Terms and Conditions or to the Configurations will be communicated to Users with reasonable advance notice, through the Company’s channels. Material amendments will be communicated to Users with a minimum advance notice of 30 (thirty) days with respect to the effective date, save for amendments imposed by supervening regulatory provisions requiring immediate entry into force.

11.3 The continued use of the Service by the User following the communication of amendments to the Terms and Conditions or to the Configurations will be considered as implicit acceptance of the same. Should the User not intend to accept the amendments made, they will have the right to discontinue the use of the Service and, if applicable, to request the unlocking of the crypto-assets in Staking according to the modalities provided for.

Tax Treatment of Rewards

12.1 The User acknowledges that the rewards generated by the Staking activity, including the Recurring Staking referred to below, may be subject to taxation in accordance with the tax legislation in force in their country of tax residence or domicile. For Users tax-resident in Italy, on the basis of the legislation in force (Law 197/2022 and subsequent regulatory measures), Staking rewards are generally qualifiable as “other income deriving from the holding of crypto-assets” and are taxable in the tax year in which they are actually received.

12.2 Young Platform does not provide any tax advice and may not be held liable for the calculation, declaration or payment of any taxes due by the User in relation to Staking rewards.

12.3 It is the User’s responsibility to inform themselves autonomously on the tax implications of the Staking activity and to fulfil all the tax obligations provided for by law. It is recommended to consult a qualified tax professional in order to obtain personalised advice.

Miscellaneous

13.1 By accessing and using the Service offered by Young Platform, the User expressly declares:

• to have carefully and fully read these Terms and Conditions, as well as the Privacy Policy, the applicable Staking Configurations, the Summary of the Custody Policy and the Summary of the Transfer Policy;
• to have fully understood the content of the aforementioned documents, including the risks associated with the Staking of crypto-assets and the limitations of liability of Young Platform;
• to unconditionally accept all terms, conditions and provisions contained in these Terms and Conditions, in the Privacy Policy and in the Staking Configurations;
• to have acknowledged that the Staking Service is an ancillary service NOT falling within the crypto-asset services referred to in Title V of MiCAR, and that the crypto-assets in Staking are nevertheless held in custody by the Company pursuant to Article 75 of MiCAR;
• to have acknowledged the absence of deposit guarantees (Directive 2014/49/EU) and investor compensation schemes (Directive 97/9/EC) pursuant to Article 38 of MiCAR.

13.2 The acceptance of these Terms and Conditions by the User has binding effect and creates a legally valid agreement between the User and Young Platform. Such agreement governs all aspects relating to the use of the Service and defines the mutual rights and obligations of the parties involved. Young Platform reserves the right to unilaterally amend the Terms and Conditions and the Staking Configurations, giving notice thereof to Users with reasonable advance notice. The continued use of the Service following the communication of the amendments implies their acceptance.

13.3 Young Platform reserves the right, at its sole discretion and without prior notice, to suspend or terminate the User’s account and access to the Staking Service in the event of breach of these Terms and Conditions or of any other policy or regulation of Young Platform; in the event of fraudulent, suspicious or unlawful activities, or attempts to circumvent the platform’s security measures, or for any other reason deemed justified by Young Platform, in order to protect its own interests or the security of the platform and of the other Users.

13.4 Should one or more clauses of the Terms and Conditions be declared null or invalid, the remaining clauses shall in any event remain valid and effective.

13.5 These Terms and Conditions, together with the Privacy Policy and the Staking Configurations, the Summary of the Custody Policy and the Summary of the Transfer Policy, constitute the entire agreement between the User and Young Platform in relation to the use of the Service, replacing any previous agreement or understanding, verbal or written, between the parties.

13.6 Young Platform reserves the right to revise this document in order to incorporate any regulatory changes and to provide greater guarantees to Users who intend to activate the Staking Service. In such cases, the Company may not make available the activation of new Positions and/or Stakes for a given time, which will be communicated in advance to Users with reasonable advance notice.

Recurring Staking

14.1 Young Platform offers Users the possibility to activate the “Recurring Staking” service, which allows for the automation of the purchase of crypto-assets and their subsequent placement into Staking.

14.2 The User may activate Recurring Staking for the crypto-asset already in staking via the “Schedule your purchases” button available in the Staking section. The User must specify the crypto-asset to be purchased, the amount, the frequency of the purchases (e.g. weekly or monthly) and the source of payment (available euro balance or payment card). Once activated, the system will automatically execute, on each occasion, purchase orders for the selected crypto-asset and, subsequently, will place it in Staking according to the Configuration chosen by the User in the already existing position.

14.3 The User may amend at any time the parameters of the Recurring Staking, such as the amount or the frequency of the purchases. The User may also suspend the Recurring Staking at any time.

14.4 Regardless of whether the User activates Recurring Staking, as already provided for in Articles 3 and 5, there may be waiting times for the placement in Staking of the crypto-assets purchased through Recurring Staking. Such waiting times are specified on the information page of each crypto-asset. In order to use Recurring Staking with debit from the euro balance, the User must have a sufficient balance in their Young Platform account. This means that if a User wishes to set up a Recurring Staking plan in which the periodic purchase of crypto-assets is funded from their euro balance, the User must have, at the time of the purchase, enough euros in their Young Platform account to cover the cost of the purchase.

14.6 The use of Recurring Staking may entail the application of additional fees, such as purchase fees or fees for the use of the payment card. Such fees will be specified to the User prior to the activation of the service.

14.7 Young Platform will not be liable for any losses or damages arising from the use of Recurring Staking, save in the case of wilful misconduct or gross negligence.

Complaints

15.1 For any request for assistance, clarification or notification relating to the Service, the User may contact Young Platform through the support channels available through the Company’s official channels.

15.2 Complaints relating to the Service may be submitted in accordance with the modalities and timelines provided for in Young Platform’s Complaints Handling Procedure, accessible through the Company’s official channels at youngplatform.com/legal/complaints/. Complaints are handled by the Company free of charge, fairly and promptly, in accordance with Article 71 of MiCAR. The User’s right to access the out-of-court dispute resolution (ADR) procedures provided for by law remains unaffected.

Last updated 30.06.2026