FAQ

A selection of frequently asked questions by Keom users

General Questions

Is Keom safe?

As with all DeFi Protocols, there are always elements of risk to interacting with crypto assets and Keom itself. The most pressing of these are smart contract vulnerabilities that may affect the platform and the liquidation risk faced by end users. No platform should be considered 100% safe. That said, Keom has been and continues to be extensively tested in order to mitigate risk and protect user assets from undue loss. You can read more about Keom's security here.

Where are my assets being stored?

Assets supplied to Keom are sent to smart contracts. Only users have access to and full control over their funds. It is essential, however, that users properly secure the private keys of the wallets used to interact with the protocol. Loss of private keys equates to loss of funds, as neither the protocol, nor the team supporting it, have means of retrieving access.

Where does the interest accrued by the suppliers come from?

Interest paid by borrowers is distributed to all suppliers of the same asset on a pro-rata basis.