One of the most popular acronyms in the crypto space is ‘DYOR,’ which means Do Your Own Research. This is due to the level of risk involved in cryptocurrency and the high volatility of the cryptocurrency market that calls for a need for safety and constant research, irrespective of your level of experience or expertise.
From time immemorial, we’ve seen different situations with investors getting rug pulled or losing control of their funds. A recent example is Celsius Network halting withdrawals, transfers, and other activities on its platform. Therefore, it has become imperative to protect user funds now more than ever with the current state of the bear market as this is necessary for cryptocurrency to attain full mainstream adoption.
Fortunately, there are a few platforms currently providing a safe and readily accessible solution to this problem, and one of them is SwissBorg, a crypto wallet solution that combines the best of centralized finance and decentralized finance to store, trade, and provide yield on assets. With this innovation, crypto investors can be rest assured that their stored funds are safe, and in the event of a bankruptcy, hack, or a scam, they can still access their digital assets.
Why SwissBorg?
The SwissBorg platform provides crypto investors with the safest wallet solution for trading and accessing yields on investment. Here, users are able to rest easy knowing that at the helm of this innovation is a group of finance and technology experts committed to democratizing wealth management and changing the crypto investment narrative.
To safeguard funds, SwissBorg’s structure ensures that users always have access to their funds no matter what happens to the platform. They do this by separating user funds from corporate funds, which is enforced by the ‘Virtual Currency License’ they hold.
Also, instead of choosing between centralized finance (CeFi) and decentralized finance (DeFi), SwissBorg merges the best of these two spaces to make wealth management fun, transparent, and community-focused. In addition, the platform prides itself on the security its treasury is built on as two-thirds of investments are held in both fiat and stablecoins. This way, they ensure that there is financial stability to a high degree. The rest of its treasury is directed at investing in ‘lower-risk’ cryptocurrencies. These include top market movers such as Bitcoin and Ethereum, alongside the ‘$CHSB’ tokens.
What are $CHSB tokens?
The $CHSB tokens are primarily used by SwissBorg to provide financing for the CHSB Yield 2.0 and reward the SwissBorg community for their participation in the ecosystem’s growth. However, a portion is held by the platform in its treasury to serve as a rainy-day fund if necessary.
Safety First, Always!
For SwissBorg, the safety of the clients always comes first. This is why they have partnered with Fireblocks, one of the largest custody providers in the world, to help secure the platform. They do this by using MPC keyless technology and advanced cryptography to secure users’ assets and personal data.
The platform has multiple risk management strategies and reliable budgeting practices, both of which helped to avoid any exposure to UST and stay clear of the inevitable crash. The platform has always prioritized security and has undergone several auditing to create a highly secure environment for investors. Back in 2021, multiple trusted white hat hackers were engaged to carry out a penetration test on the platform and SwissBorg passed this test with flying colors. This also improved crypto investors’ trust in the platform.
Putting it all together
SwissBorg’s goal is to create a platform built on safety, dependability, and transparency. This is why their treasury only consists of cryptocurrencies that have proven themselves and are evidently here to stay. As for the bear market, SwissBorg has put contingency plans in place to hedge against further downtrends. They plan to help rebuild the trust and confidence of crypto investors, while simultaneously educating them that there is always a light at the end of the tunnel.