DeFi Basics
New to DeFi? Pick a question below to learn the basics.
DeFi (Decentralized Finance) is a growing sector of financial tools built on blockchain technology. It lets people lend, borrow, trade, and earn with digital assets without traditional intermediaries.
Open to individuals and institutions everywhere, DeFi offers new ways to participate and earn in a decentralized financial ecosystem.
In recent years, DeFi has grown rapidly to become a $100+ billion space with institutions, retail investors and funds participating around the world.
Open to individuals and institutions everywhere, DeFi offers new ways to participate and earn in a decentralized financial ecosystem.
In recent years, DeFi has grown rapidly to become a $100+ billion space with institutions, retail investors and funds participating around the world.
Fido lets anyone easily access high-yield earning opportunities within DeFi's most secure protocols.
We automatically convert your USD into digital dollars (USDC), which then earn yield through carefully vetted DeFi protocols that we deploy on your behalf.
The dynamics in decentralized money markets create unique opportunities - automated protocols and reduced overhead costs generate higher interest rates than traditional finance.
With Fido, you earn 10% APY in real time while maintaining full custody of your funds through non-custodial wallets.
We automatically convert your USD into digital dollars (USDC), which then earn yield through carefully vetted DeFi protocols that we deploy on your behalf.
The dynamics in decentralized money markets create unique opportunities - automated protocols and reduced overhead costs generate higher interest rates than traditional finance.
With Fido, you earn 10% APY in real time while maintaining full custody of your funds through non-custodial wallets.
All investments have some degree of risk, and as an emerging technology DeFi's risks are unique.
Technology Risk: Fido and all DeFi applications rely on blockchain infrastructure to operate. If a smart contract or stablecoin (such as USDC) were to fail or experience issues, your funds could be affected.
Protocol Risk: Fido works exclusively with the most trusted, battle-tested protocols in the space. As with any software platform, they run the risk of bugs or exploits. Depending on the severity, you could have issues accessing funds temporarily, or in worst case scenarios, lose principal. Extensive auditing and security measures are in place to prevent this.
Smart Contract Risk: DeFi protocols use automated smart contracts to execute transactions. While rigorously tested and audited, these contracts could potentially malfunction or be exploited.
Technology Risk: Fido and all DeFi applications rely on blockchain infrastructure to operate. If a smart contract or stablecoin (such as USDC) were to fail or experience issues, your funds could be affected.
Protocol Risk: Fido works exclusively with the most trusted, battle-tested protocols in the space. As with any software platform, they run the risk of bugs or exploits. Depending on the severity, you could have issues accessing funds temporarily, or in worst case scenarios, lose principal. Extensive auditing and security measures are in place to prevent this.
Smart Contract Risk: DeFi protocols use automated smart contracts to execute transactions. While rigorously tested and audited, these contracts could potentially malfunction or be exploited.
Digital assets aren't FDIC insured, but your first $100,000 is fully protected through Open Cover insurance, underwritten by Nexus Mutual, the largest DeFi insurance protocol with over $200 million in capital pools.
This coverage protects against protocol risks and other risks such as depegs. Nexus Mutual has a proven track record, having successfully paid out over $18 million in claims.
This coverage protects against protocol risks and other risks such as depegs. Nexus Mutual has a proven track record, having successfully paid out over $18 million in claims.
DeFi can be part of a diversified investing strategy that also includes stocks, bonds, and other traditional assets.
Fido provides predictable returns in the form of 10% APY on your digital dollars, offering an alternative to low-yield savings accounts.
We're not here to replace your bank account, but to help you discover new ways to earn higher yields and make your money work harder through secure, accessible DeFi.
Fido provides predictable returns in the form of 10% APY on your digital dollars, offering an alternative to low-yield savings accounts.
We're not here to replace your bank account, but to help you discover new ways to earn higher yields and make your money work harder through secure, accessible DeFi.