Stablegains enables you to easily deposit funds into select lending protocols.
All deposits with Anchor protocol, the lending protocol we use, are protected by over-collateralizing. This means that if a borrower is unable to repay their loan, the lending protocol sells their collateral to maintain full depositor liquidity. In the event where the value of the collateral drops to the defined minimum, which is well above the loan value, a liquidator is incentivized to terminate the loan, essentially repaying the loan in full to the depositor while getting the collateral in return (the collateral is worth more than the loan). Read more about how Anchor works here.
Anchor has been extensively audited and tested. You can review their audit reports here. Currently Anchor holds assets worth $3.4 billion in the protocol. All code is public and openly verifiable.
Please note: Stablegains is not a bank, and as such we are not eligible for FDIC insurance. Risks still exist.