FAQ

Q: Is EDGE Lending Safe to use?

A: Yes, our team is the best when it comes to contract security and design. Our smart contracts are holding hundreds of millions of dollars safely and have never been hacked or exploited since we began building in 2024. We have also repelled numerous DDOS attacks on our website, so we know what we are doing. Our apps are thoroughly tested and audited by a 3rd party. To further protect yourself from phishing scams, be sure to block new DMs on discord, never click on strange links, and always check the URL of the site you are on before connecting your Metamask wallet.

Q: Is EDGE Lending Decentralized?

A: Yes! You will find that it is even more decentralized than many protocols who claim decentralization. Our smart contracts are not upgradable proxies and there are no admin functions that would allow us to access users funds or NFTs for any reason. Our contracts are truly decentralized, and any update would require us to re-deploy. We have spent a great deal of time getting things right on the contract level so we do not anticipate many re-deployments. Our tokens are also decentralized, without any ways the team could control or rug the community. Decentralization Rank

Q: Is EDGE Lending Audited?

A: Yes they are! Please find our audits for LiquidNFTs here and for EDGE staking here. Audits are always good to have, but we have found that even the best auditing firms in the world aren't as good as our own internal testing (we know our own code the best). There have been dozens of multi-million dollar hacks on audited smart contracts every year, and it's important to understand that auditing firms are just businesses. They have disclaimers on their work, they don't offer insurance protection on contracts they have audited, and they won't necessarily offer any additional protection whatsoever.

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 EDGE team have any admin privileges to remove my funds from the pool?

A: Absolutely not! Our contracts are completely decentralized by every sense of the word.