There are risks associated with participating in our products or services.
Before you establish an account with us, you should carefully read our Terms of Service and the risks described on our website. If you have any questions concerning our Terms of Service or the risks associated with participating in our products or services, you are urged to consult with your personal financial, tax, legal or other advisors.
Beema Finance does not provide tax, legal or financial advice. Beema Finance is not a bank, a broker or an investment advisor. Therefore, any amounts which you place in an account with Beema Finance will not be protected by the FDIC or the SIPC if Beema Finance fails or experiences serious financial difficulties.
Because transactions in digital assets can be irreversible, you may not be able to recover any loss that you incur as a result of a fraudulent or unintended transaction. If you do not agree with any provision of our Terms of Service or you cannot afford to undertake the risks associated with participating in our products or services, you should not open an account.
The risks outlined below can lead to issues accessing funds for a few hours, or in the worst case, a loss of principal. However, extensive auditing and security protocols are in place to significantly reduce the odds of this happening.
Network risk—to provide our services, we rely on applications built on the Solana and Terra networks. If either of these networks were to fail due to a vulnerability or bug, the applications relying on them would fail as well.
Stablecoin risk—to avoid volatility, we utilize stablecoins, digital assets that are pegged to the US Dollar, such as USDC and UST. However, it is possible for stablecoins to “de-peg”, resulting in a value that is not 1:1 with USD.
Partner platform risk—to give you access to the best earning opportunities, we work exclusively with the most trusted and qualified third-party platforms. As with any software platform, they could have vulnerabilities or bugs.
Custodial risk—to make our platform as simple and easy to use as possible, we control the wallets used to access Anchor Protocol. This means it is our responsibility to keep your deposits safe from bad actors.
Ultimately, it is your responsibility to carefully read and understand the risks described in our Terms of Service, particularly, Section 7 “Disclosures and Risks”. If you cannot afford to undertake the risks associated with participating in our products or services, you should not open an account.
All yield is generated through Anchor Protocol. Anchor’s yield is backed by:
Interest from borrowers—Anchor implements a money market wherein depositors lend UST to borrowers and receive interest in return.
Staking rewards—to borrow through Anchor, a certain amount of collateral must be locked up. For example, to borrow $100, you would lock up about $200 worth of collateral. Collateral on Anchor comes in the form of staked tokens on proof-of-stake blockchains. These tokens generate yield for depositors.
A yield reserve—when there is a surplus of yield, the extra funds are transferred to Anchor’s yield reserve. Conversely, when there is a shortage of yield, funds are taken from the reserve to maintain a stable interest rate for depositors.
Yes. Circle, our payment service provider, currently imposes deposit limits of $2,999.99 per day, $5,000.00 per week and $20,000.00 per month.
There are no withdrawal limits.
We have partnered with Circle to ensure the secure conversion of your money into digital assets and back. We follow strict security protocols to deposit these assets into Anchor Protocol where they accumulate in cold storage.
For more info, reach out to us at security@beema.finance.