Is my money safe?
Similar to a normal bank, your money is lent out to borrowers to earn interest. Your funds are highly collateralized (Over 100%), so even if a borrower defaults, you have access to your money. While money in the Yotta Crypto Savings Bucket is not FDIC insured (as with any cryptocurrency), we utilize trusted protocols like Anchor to offer you a low risk, highly secure way to earn a high yield on your savings.
What are the risks?
As the Decentralized Finance Ecosystem, a $100 Billion industry, is entirely reliant on the integrity of the smart contracts these processes operate on, we are happy to partner with the best companies offering solutions in this space. While Terraform Labs and the Anchor Protocol offer extensive risk management practices and security measures, we always recommend to use discretion and consider potential risks while investing in emerging technologies.