🔍Lenders FAQ

Q: Can I take my money back out whenever I want?

A: Yes you can as long as there are enough funds in the pool that aren't being borrowed (this should always be the case). If 100% of the pool funds were being utilized, then your APY in the pool could be as high as 500%. Realistically, lenders would add more funds to the pool and/or some borrowers would pay back their loans to avoid the high APY before the pool got that much out of hand. Each pool's LASA dynamically adjusts APY to match demand, creating a constant equilibrium.

Q: Does the Wise team have any admin privileges to remove my funds from the pool?

A: Wise Lending is governed by a multisig wallet with several participants, including Peter Girr, Rene Hochmuth and Christoph Krpoun. The multisig requires 2 out of 4 confirmations to execute any governance actions (Rene alone has control over 2 addresses out of 4) most likely can execute any order from the payroll manager.

It's important to understand that if the multisig were to be compromised or if participants wanted to withdraw user funds, they could potentially do so by creating an artificial token pool that would allow access to other pools through providing unlimited collateral. This level of transparency about the governance structure is part of our commitment to being honest with our users about the security model.