Vibrant USDC Rewards Account Terms and Conditions

Updated January 1, 2024

These Vibrant USDC Rewards Account Terms and Conditions (“Rewards Account Terms”) are subject to, and made a part of the Vibrant User Agreement (“Agreement”), and apply to your access to and use of the Vibrant Rewards Account service (the “Rewards Service”), which is part of the Vibrant Services. Any capitalized but undefined terms in these Rewards Account Terms will have the meanings set forth in the Agreement. If you open a Rewards Service account (“Rewards Account”), you will be able to transfer USDC into your Vibrant Wallet and earn an annual percentage yield (“APY”) paid in the form of USDC on the USDC held in your Rewards Account. The Rewards Service, and the Rewards Accounts, are operated by Sunship, Inc. (“Vibrant”). By opening a Rewards Account, you agree that you have read, understood, and accept all of the terms and conditions contained in these Rewards Account Terms and the Agreement.

Vibrant has no right to use any USDC in your Vibrant account. Vibrant USDC Rewards is a loyalty program that is funded with Vibrant’s own funds. The program is designed to incentivize more of our customers to use Vibrant to store their USDC. We do not lend or take any action with your assets. 

  1. Registration of Rewards Account

To be eligible to open a Rewards Account you must be a citizen or legal permanent resident of Argentina, permanently residing in Argentina and not a “US Person” as defined in Regulation S under the U.S. Securities Act of 1933, as amended. Any such eligible person who has a registered Vibrant Account can apply to open a Rewards Account. By opening a Rewards Account, you agree and represent that you will use your Rewards Account only for yourself, and not on behalf of any third party. You are wholly responsible for all activity that occurs under your Rewards Account. We may, in our sole discretion, refuse your request to open a Rewards Account, limit the number of accounts that you may hold, or suspend or terminate your Rewards Account. 

  1. Identity Verification

You agree to provide us with any information that we may request from you as a rewards service user for purposes of verifying your identity and the detection of money laundering, terrorist financing, fraud, or any other financial crimes, and you permit us to keep a record of such information. You confirm that all such information is accurate and authentic and agree to keep us updated if any of the information you provide changes. You authorize us to make inquiries, whether directly or through third parties, that we consider necessary to verify your identity or protect you and/or us against fraud or other financial crime, and to take action we reasonably deem necessary based on the results of such inquiries. When we carry out these inquiries, you acknowledge and agree that your personal information may be disclosed to credit reference or fraud prevention or financial crime agencies and that these agencies may respond to our inquiries in full. For information on how we handle your information, please see Vibrant’s Privacy Policy available at

  1. Funding Your Rewards Account

You may fund your Rewards Account by transferring USDC from your standard Vibrant balance (“Basic Account”) into your Rewards Account. If you do not have a Basic Account balance you can add ARST to the app in the usual way then convert ARST to USDC and transfer it to the Rewards Account. As a reminder, adding ARST to Vibrant via our local partner usually takes a few hours but can take up to one day or more. Once your ARST is added to the app, you can buy USDC and then transfer it to the Rewards Account and your USDC will be eligible to start earning rewards. You will be able to transfer USDC into or out of the Rewards Account at any time via the home screen in the app.

You may also fund your Rewards Account by purchasing USDC with your ARST balance and choosing the Rewards Account as the destination account for the purchase.

Currently the maximum amount able to be transferred into the Rewards Account is USDC 10,000. We currently do not impose a minimum balance requirement on Rewards Accounts. With respect to both minimum and maximum balances we reserve the right, in our sole and absolute discretion, to institute, remove, increase or decrease any such thresholds on your Rewards Account in the future.

Stellar USDC is the only digital asset that is eligible to earn rewards in the Rewards Account at this time and we will only provide rewards in Stellar USDC.

  1. Ownership of Digital Assets

You hereby represent and warrant to us at all times during which you hold USDC in your Vibrant Wallet that: (i) all such USDC is owned by you; and (ii) you are validly authorized to carry out transactions using such USDC, and that all transactions initiated with your Rewards Account are for your own account and not on behalf of any other person or entity.

  1. Rewards Payments

The APY for rewards payable on the Rewards Account is variable. We publish the current rewards rates for Rewards Accounts within the app, specifically, on the home screen and within the transfer flow whenever you want to add more USDC to your Rewards Account. We reserve the right to change the applicable rewards rate at any time and will notify you via the app or other reasonable means of notice. All rewards payments will be paid in Stellar USDC. 

We use the daily balance method to calculate the reward payable to your account. This method applies a daily periodic rate to the lowest balance of the Rewards Account for each day (Argentina Standard Time). The daily periodic rate is calculated using the periodic compounding interest rate formula for 365 days and rounded down to the second decimal place.

Reward amounts will be calculated to accrue and compound daily as described above and will be reflected in the balance of your Rewards Account. Accrued rewards will be disbursed monthly on the 1st day of the month (if your Rewards Account has at least 1 USDC in accrued rewards) as well as if and when you make a transfer of your USDC out of the Rewards Account that is greater than the principal deposited. For example, if you transfer 200 USDC into your Rewards Account and accrue 5 USDC in rewards, when you initiate a withdrawal from your Rewards Account for an amount more than 200 USDC, then both the 200 USDC principal and the 5 USDC of rewards will be disbursed to your Basic Account based on your withdrawal instructions. 

  1. Withdrawals

In order to withdraw USDC from your Rewards Account, you simply initiate a transfer of the desired amount of USDC from your Rewards Account to your Basic Account. From there you may either send the USDC to another digital wallet or sell the USDC for ARST and withdraw this value via Latamex, or any other off-ramp partner made available to you through the Vibrant Wallet, to your bank account in Pesos.

  1. Taxes

Vibrant is not responsible for determining the withholding, sales, use, value added, transfer or other taxes, together with any interest and penalties imposed with respect thereto (“Taxes”), that apply to your transactions. By agreeing to these Rewards Account Terms, you certify that you are not a “U.S. person” for U.S. federal income tax purposes. You agree that you are solely responsible for determining what, if any, Taxes apply to your transactions and to withhold, collect, report and remit the correct amounts of Taxes to the appropriate taxing authorities. Any rewards payments made to you shall be made without deduction or withholding for any Taxes, except as may be reasonably determined by Vibrant under applicable law. 

  1. Suspension or Termination of Services

We reserve the right to change, suspend, remove, disable or impose access restrictions or limits on the rewards service, its features and/or functionality, at any time, in our sole and absolute discretion.

Cyber-attacks, including malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing, and other operational or technical difficulties could result in the immediate halt of transfers and withdrawals of USDC either temporarily or permanently. WE WILL NOT BE RESPONSIBLE OR LIABLE FOR ANY LOSS OR DAMAGE OF ANY SORT INCURRED BY YOU AS A RESULT OF SUCH CYBER-ATTACKS, OPERATIONAL OR TECHNICAL DIFFICULTIES OR SUSPENSIONS OF TRANSFERS OR WITHDRAWALS.

  1. Account Non-Transferable

Your Rewards Account is not transferable or assignable to another person, in whole or in part, under any circumstances.

  1. Closure of Rewards Account

We have the right to cease providing the Rewards Account to you or to close your Rewards Account at any time for any reason without advance notice. If we cease providing you with a Rewards Account or if you close your Rewards Account, you will retain your principal within your Vibrant Wallet together with the accrued rewards earned up to the closing date. However, if we close your Rewards Account because you have breached these Rewards Account Terms or the Agreement, you will not be entitled to any undisbursed rewards that may have otherwise accrued to your Rewards Account.

  1. No Fiduciary Relationship

These Rewards Account Terms and the relationship created hereby do not create a fiduciary relationship between us.

  1. Risk Disclosures

Please carefully review the representations, warranties, and risks included in Section 4 of the Agreement (Representations, Warranties, and Risks). In addition to the representations, warranties, and risks set forth in Section 4 of the Agreement, you acknowledge and agree that:

Your Rewards Account is not a checking or savings account, and it is not covered by insurance against losses. Your Rewards Account is not registered with any governmental authority, and we make no promises that we will continue to offer Rewards Accounts to you or any other user of our Services.

The regulatory status of digital assets, blockchain technology and digital asset rewards products is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect such technologies. We may in the future be required to suspend, limit or terminate the rewards service as a result of law or regulation. You are responsible for complying with all laws and regulations applicable to your use of the rewards service.

  1. Account Issues and Questions

For any purpose other than technical support requests, you may contact us by registered post or courier: Sunship, Inc. PO Box 192750, PMB 24194, San Francisco, CA 94119. For technical support requests only, you may email us at We cannot guarantee immediate responses.

These Terms are written in English (U.S.). Any translated version is provided solely for your convenience. To the extent any translated version of our Terms conflicts with the English version, the English version controls.