If you choose an Earn Account, it can yield attractive returns. Earning returns always involves risks, including when lending out your crypto. It is possible that BLOX Earn, or the parties to whom BLOX Earn may lend your crypto, cannot repay the loan. As a result, you run the risk of losing your lent crypto (or part of it). We also want you to be aware of these risks.
To limit the risks of the Earn program, BLOX Earn has a risk management framework. This includes, among other things, the careful selection of third parties, where creditworthiness is assessed based on reputation, compliance with laws and regulations, and financial health (liquidity, balance sheet, reserves), as well as ongoing monitoring.
These precautionary measures have been carefully developed to minimize potential risks and safeguard the security of your crypto. With the Earn Account, your crypto is put to work and allows you to benefit from market movements, earning returns on the investments stored in your vault.
It is important to carefully consider whether the Earn Account suits you and whether you can bear any potential losses. Make sure you fully understand the terms and risk disclaimer of the Earn Account before you get started.