Q: Do I need to pay gas fees to participate in BenPay Earn?
A: Any on-chain operation requires the payment of gas fees. However, the BenFen public chain allows you to directly use BUSD to pay gas fees without holding other native tokens.
Q: Is my fund safe? How does BenPay ensure asset security?
A: The security of your funds is guaranteed by multiple mechanisms: 1. Your assets are controlled by your private key and are in a non-custodial mode. 2. The core smart contract of BenFen public chain has passed the security audit of SlowMist Technology. 3. As an aggregation app, BenPay will select mainstream DeFi protocols that have been verified and audited by the market as wealth management targets.
Q: What if the protocol I invested in (e.g., AAVE) gets hacked?
A: Your funds are actually deposited into the smart contract of a third-party DeFi protocol. While BenPay will do its best to choose safe and reliable targets, the contractual risks of the underlying protocol still exist. If the underlying protocol is attacked, your assets may face losses. This is an inherent risk in the industry. It is recommended that you fully understand the background and risks of the underlying protocol before investing.