Risks

Savings in Obento can lose value. Only put in what you can afford to lose.

Smart contracts

The vault, Obento's additions to it and every place it lends to are smart contracts. A bug in any of them could lose money. Obento's additions have not had an independent audit.

Lending

The places lend to borrowers against collateral. If collateral prices fall too fast for loans to be closed, a place can be left with bad debt, and pay back less than it holds. Protocol limits keep any one protocol to 40% of the vault.

Liquidity

A place that has lent out almost all its money can't pay back at once. Large withdrawals may then wait until borrowers repay.

USDC

Savings are in USDC. If USDC loses its dollar value, or Circle freezes it, savings lose value too.

Operations

Withdrawals need a share price less than an hour old. If Autopilot stopped publishing it, deposits and withdrawals would wait until the team fixed it. A watchdog alerts the team within 35 minutes.

Base

Obento runs on Base. If Base stops or slows, so does Obento.

Rules where you live

Rules for crypto savings differ by country and can change.