Ensuring the safety of our users' funds is the number one priority for YIELD App. At launch, we selected BitGo, the leader in digital asset financial services as our custody wallet partner. BitGo Custody carries $700,000,000.00 in insurance protections through a syndicate of underwriters through Lloyd’s, the world’s specialist insurance and reinsurance market.
As the DeFi market has evolved and as YIELD App’s multi-strategy approach is rolled out, user assets allocated to funds naturally sit outside of BitGo’s insured custody domains and with new YIELD App platform technology updates and releases, we will be replacing BitGo with a YIELD App, multi-asset, cross-chain compatible proprietary wallet infrastructure that resides within a single YIELD App technology and data ecosystem. This wallet is not insured.
As with BitGo, YIELD App wallets and the YIELD App platform integrate advanced authentication mechanisms employed to ensure the authenticity of data, and that assets are distributed geographically and organizationally as designed.
It is the account holder's responsibility to safeguard their accounts by means including but not limited to using a strong password, enabling two-factor authentication, and controlling all login credentials to YIELD App. Clients remain owners of the crypto assets placed into YIELD App accounts.