Assets deposited onto Outlet utilize FireBlocks as the primary custodian. FireBlocks is SOC Type II compliant and receives regular pen testing from ComSec and NCC Group. You can read more about what exactly SOC type II compliant means, and how it protects you here.
To earn rewards, our partners lend assets deposited onto Outlet to heavily vetted institutions. Our lending partners have risk and finance teams that work collaboratively to review these institutions before allowing them to become a borrower. Some borrowers are also required to over-collateralize their loans in order to borrow assets.
Please note that digital currency is not legal tender, is not backed by the government, and is not subject to FDIC or SIPC protections. This is not a risk free product.