Asset security of users has always been Steaker’s top priority. To this end, we have partnered with CYBAVO to further tighten asset security: part of the corporate finance is now in the custody of CYBAVO VAULT. More importantly, we have established the Safe Asset Fund for Users (SAFU) to safeguard your rights and minimize the loss when you’re faced with systematic risks (volatility).
So, what exactly is SAFU about? Simply put, it is an insurance fund set up in the event of an emergency with an initial amount of 360,000 USDC (equivalent to roughly NT$ 10 million) and stored in the multi-signature wallet of the third party – CYBAVO VAULT. In the future, a proportion of fees on Steaker’s portfolios will be spared to top up this insurance fund on a regular basis. If there’s anything wrong with Steaker’s platform or projects that we work with, such as Smart Contract vulnerabilities, exchanges facing bankruptcy, or blockchains being hacked, and you suffer a loss of assets due to these extreme cases, you will be compensated with SAFU according to your personal circumstances. Note that Adventurous Portfolios or portfolios not under SAFU guarantee are inapplicable to this compensation plan.
SAFU Address: 0xF5102FBADF0b741838178cC441c11b4E2aDDD0A4
You can justify the address above by searching it on Etherscan, so can you view the value of cryptocurrencies stored in SAFU converted into fiat money via DeBank or Zapper. This address is made public because Steaker is 100% confident about its safety and reliability. The source and flow of SAFU are totally traceable and transparent, and thus are able to withstand the test of time.
All investments come with certain degree of risk, especially in this fast-paced, ever-changing crypto market. Despite the hardship, Steaker continues with our well-thoughout-out plans to select investment projetcs, develop a top-notch smart risk monitoring system, and tighten security measure on deposit and withdrawal process. Now, even if accidents happen, you can rest assured that Steaker SAFU will have your back!