Covault • Terms of Service
Terms of Service
Last updated: October 20, 2026
Covault is in pre-launch testing on a test network with no real funds. This document describes how Covault is designed to work and will be updated before real money is supported.
What Covault is
Covault is software that lets you create savings goals and lock funds in a digital vault that you alone control through your own account. Covault is not a bank, does not accept deposits, does not hold or transmit your funds, and does not provide investment advice.
Your funds
Funds are held as USDC in smart contracts deployed on the Base network. Each vault is owned by your account. Covault has no ability to move, freeze or unlock funds in any vault.
Rules you set
When you create a goal you choose a lock rule (date, target amount, or whichever comes first) and a cooling-off period. These rules are enforced by code and can only be made stricter after creation. You can always request an early exit, which releases funds to you after your cooling-off period. No fees or penalties apply to early exits.
Access and recovery
You sign in with your Apple or Google account; no other sign-in method is offered. Moving money is protected by passkeys you control and backup methods you choose. Covault cannot recover access on your behalf. If you lose all access methods, funds in your vaults cannot be retrieved by Covault.
Third parties
Identity verification and fiat purchases are performed by our on-ramp partner under its own terms. USDC is issued by Circle under its terms; the issuer may freeze addresses as required by law. Sign-in uses Apple or Google, provided through Privy.
Subscription
Premium features are billed in fiat through the app store or card. Subscriptions are never deducted from your vaults.
No guarantees
The software is provided as is. Balances are not insured by the FDIC or any government agency. No rate of return is paid or promised. See the Risk Disclosures.
Eligibility
Available only in supported regions; you must be 18 or older.
Changes and termination
We may change or discontinue off-chain services. Your vaults and your ability to withdraw or exit do not depend on Covault’s services.
Contact
Questions? Email hello@jpdigital.studio.