YIELD App has developed an in-house wallet software that has been launched with our V2 platform upgrade. This core competency is a multi-asset, cross-chain compatible proprietary wallet infrastructure that resides within a single YIELD App technology and data ecosystem. Alongside institutional-grade security protections, our wallet forms part of the core architecture within ring-fenced data infrastructure that includes data centers, chain dedicated nodes, bespoke hardware security modules, user databases, portfolio engines and a regulatory risk management suite.
Custodial wallet insurance provided through digital asset platforms varies greatly; these “cold” or “custodial” wallets provide protection against a narrow range of risk vectors, typically hacks, loss of keys or malicious actions of platform employees. In practice, once a user of any platform elects to put their funds to work in the passive income digital asset ecosystem, these utilized funds sit outside of the insured wallets that are provided solely for custody.
Whilst the industrial-grade security of custodial and insured wallets is not in doubt, income is typically only generated once a user's assets are transferred from cold wallets to “hot” or “deployment wallets” that in many cases are owned or managed by uninsured third parties. Yield App wallets are not currently insured, please see our Security page for more information including our protection pools.
We also recommend that users safeguard their accounts by means including, but not limited to, use of strong passwords, enabling two-factor authentication, and controlling their login credentials to Yield App.