Q: Do I need to pay gas fees to participate in BenPay DeFi Earn?
A: Any on-chain operation requires the payment of gas fees. But on the BenFen public chain,the gas fees you invest and redeem are borne by the platform, and you do not need to pay extra.
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 the 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: The security of DeFi protocols(such as AAVE and Compound) is guaranteed by their smart contract code. 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.