Risks and safety

SAM is built to be safe to use, but DeFi is never risk-free. Here is the honest picture: what keeps your funds protected, and what could still go wrong.

What protects you

Non-custodial. No person ever holds your money. Your deposit sits in established lending markets, tracked by the vault. Only the holder of the share token can redeem it.
Value is tracked, not guessed. The vault accounts for its value as funds flow in and out, so simply sending tokens at it does nothing and the share price can’t be inflated out of thin air.
You can’t withdraw more than your shares are worth, and no one else can either. The accounting makes over-withdrawal impossible.
Always redeemable. A liquid buffer is kept for instant withdrawals, and the vault is designed to be fully redeemable down to the last unit.
No hidden allocation. Rebalancing is permissionless and computed entirely on-chain; nobody decides by hand where your money goes.

The risks you take on

Smart-contract risk. SAM is unaudited. A bug or exploit in its contracts could cause loss.
Third-party protocol risk. Your funds are deployed into Scallop, Suilend, NAVI, and swapped via Cetus / SpringSUI. A failure or exploit in any of those is a risk you inherit.
Market and liquidity risk. If an underlying lending market lends out most of its cash, redemptions sourced from it can be temporarily limited until liquidity returns. The idle buffer is there to keep everyday withdrawals instant.
Yield is not guaranteed. APYs move with the market and can fall.

How to use it sensibly

Start small. Treat it as a public test, because it is one.
Only deposit funds you could afford to lose entirely.
Keep an eye on your vault’s allocation and APY on the app.

Use is at your own risk and subject to the Terms of Use.