Depositing with Stablegains is not the same as depositing in the bank. The reason you can earn a high return via Stablegains is in part because of the protocols offering a much more efficient solution than banks do, but also in part because the risk profile is different. Certain risks exist that are relevant to any open digital finance protocol, whether accessed via Stablegains or another platform.
As Stablegains is not a traditional US bank, the funds are not secured by the FDIC. While we aim to make every effort to understand and mitigate everything that can possibly go wrong, there is still a non-zero risk you can lose your deposit. Our advice is to diversify and never invest all of your savings in a single place.
If you have a concern that is not addressed below, please get in touch.
Read more about security practices at Stablegains here.