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Why Moneda?

High Yield Earnings

Full Control

AI Financial Agent

Security & Compliance

Company

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Hello, How Can We Help?

We’re growing fast and hiring carefully. If you’re curious, mission-driven, and ready to shape a new category in global finance, you’ll feel at home here.

What could happen with my funds if Moneda shuts down?

Since Moneda is a self-custody interface, your funds would remain secure and accessible even if the event our company shuts down. You can continue using your account by connecting your Moneda Passkey with other services, but doing so might impact your user experience and lose access to Moneda’s features. For example, you might lose access to perks like storing contacts, using integrated services like earnings accounts, and other platforms may require you to manually pay fees on every transaction.

What is the risk level of using Moneda Earnings?

Overall, Moneda Earnings has a generally low risk due to the use of fully regulated stablecoins. However, no investment is risk free. Moneda Earnings has the following risk profile compared other options in the market:

Market risk: Low due to the use of stablecoin
Liquidity risk: Low due to the use of stablecoin vaults with deep liquidity
Credit/default risk: Low due to the use of overcollateralised loans
Inflation risk: Low. Potential earnings can outpace the inflation rate for USD and EUR.
Regulatory risk: Low due to the use of fully compliant stablecoins in the EU (MiCa)
Technology risk: Moderate due to the use of smart contracts. Smart contracts have been fully audited but are not risk free.

Is my account balance private?

Moneda operates on blockchain technology, which means that transactions and balances are recorded on a public ledger. While your personal identity is not directly linked to your account, your account address allows anyone to view your balance and transaction history. This concept, known as pseudo-anonymity, means that while identities are not explicitly revealed, data analysis techniques or service providers can sometimes be used to link transactions to individuals based on spending patterns, interactions with previously known addresses, or external data sources.

Is my information private?

Moneda prioritizes user privacy by implementing security measures that protect your personal information. While blockchain transactions are publicly recorded, Moneda does not store personally identifiable information on the blockchain. Any data stored by Moneda, such as email addresses or device information, is fully encrypted in our database and protected using industry-standards and best security practices.

Is my money insured?

No, funds held in Moneda are not insured by the Deposit Guarantee Scheme (DGS) in the EU or the Federal Deposit Insurance Corporation (FDIC) in the United States. These protections apply to traditional bank accounts.

Moneda operates as a self-custodial platform, meaning your funds are held in digital currencies that are pegged to the corresponding asset, stablecoins. These stablecoins (such as USDC and EURC) live on the blockchain rather than in a traditional bank. These stablecoins are issued by reputable providers with robust reserves, ensuring transparency and security. However, they are not covered by government deposit insurance programs.

Can I lose money with Moneda Earnings?

While Moneda reduces risk through Morpho’s safeguards, potential risks include:

Losses due to smart contract vulnerabilities or exploits.
Stablecoins de-pegging from their corresponding fiat currency.
Temporary unavailability of funds during extreme liquidity shortages.
Extreme Market events where liquidated collateral is insufficient and the Reserve Factor is exhausted.

These risks are low for stablecoin lending but still exist.

Can I lose my money?

Using Moneda is not exempt of risks. Unforeseen events can always happen, but they are extremely unlikely. Moneda is designed to prioritise your safety

Price stability: Your funds are held in stablecoins, pegged to assets like the Euro or US Dollar, reducing price volatility and providing stability.
Self-custody: We use blockchain technology on the Base Network to secure your assets. As a self-custodial platform, you retain full control of your funds, eliminating reliance on middlemen who could pose security risks.
Social Recovery: You can recover access to your account with the help of Recovery Contacts in case you lose access to your Passkey.
Reliable systems: Third-party hacking or issues with the Base Network, its rigorous audits and strong track record make such events highly unlikely.
High security: By securing your own private keys via passkey authentication, you can confidently manage your funds, knowing your safety is our highest priority.

Where are my funds stored?

Moneda is a fully self-custodial platform, meaning Moneda does not hold, manage, or maintain your funds in any way. Here’s how it works and why this approach is unique and beneficial for you:

You Own Your Assets: With Moneda, only you have access to your funds because you hold the private keys to your account. Unlike traditional banks or custodial services, we cannot access your money.
No Middlemen: Your funds are stored securely on the blockchain, a decentralised financial infrastructure that ensures you are the sole owner and controller of your money.
Access Anytime, Anywhere: Since funds are stored on the blockchain, they can be accessed instantaneously through Moneda, as long as you have your device and private keys to sign into the app.

Why don’t passkeys require 2FA?

Passkeys don’t require traditional two-factor authentication (2FA) because they inherently provide strong security guarantees. They use cryptographic authentication that binds your credentials only to your device and require biometric verification or a PIN. Since passkeys cannot be phished or stolen remotely, they eliminate many of the vulnerabilities associated with passwords and traditional 2FA methods.

Where can I find my passkey for Moneda?

On iOS

Open your device Settings.
Navigate to Passwords.
Search for auth.moneda.com, select the Moneda passkey named with the appropriate date the passkey was created.
- You can view, rename, or delete your passkey here.

On Android devices

Open device Settings.
Go to Passwords & Accounts.
Select Google
Select Google Password Manager under the corresponding user profile.
Search for auth.moneda.com, select the Moneda passkey named with the appropriate date the passkey was created.

On 1Password

Open the 1Password App
Search for auth.moneda.com , select the Moneda passkey named with the appropriate date the passkey was created.

What happens if I lose the device with my passkeys?

If you lose a device with your passkeys and have used a password manager, you can still access your Moneda account from another trusted device where your passkeys are synchronized. Simply log in using your password manager and continue authentication as usual.

If your passkey was only ever stored on the lost device, you may need to recover access by using the exported key generated through Moneda’s account recovery process, and then set up a new passkey on your replacement device.

Can I use the same passkey across multiple devices?

Yes, if you utilize a password manager such as iCloud Keychain, Google Password Manager or 1Password, you can use the same passkey on any device that also has access to your iCloud, Google or 1Password accounts.

Certain passkey providers, such as Chrome Profile are device specific and will not work across platforms.

Where are best practices for managing my passkey?

Here are some general recommendations for managing your Moneda passkey:

Never delete your passkey for your Moneda Account, or you risk losing access to your funds.
Use a cloud-based passkey manager like iCloud, Google Password Manager, or Microsoft Cloud, or 1Password to ensure you have cross-device accessibility to your Moneda account and passkey.
Avoid bulk clean ups of passwords and passkeys.
When using Google Chrome Profile as a passkey, never check Passwords and Passkeys in the Advanced tab when clearing any browser data history.
When using a hardware device such as Yubikey, do not clear or reset your keys or you will lose access to your wallet.
Google Chrome Profile, Brave profiles, and other browser based passkeys are typically device specific. We recommend using a cloud-based passkey provider whenever possible.

Where should I store my passkey?

We recommend using iCloud Keychain on Apple devices or Google Password Manager on Android and Chrome for the best cross-device compatibility. We also recommend using a general password manager like 1Password to store the passkeys. These services ensure that your passkeys are encrypted and synchronized across your trusted devices, making authentication easy and secure.

What are passkeys?

Passkeys are a new secure and phishing-resistant authentication method that replace traditional passwords. They are cryptographic keys stored on your device or password manager, enabling seamless and secure logins without the need to remember complex passwords. Passkeys work with biometric authentication (like Face ID or fingerprint scanning) or a device PIN to verify your identity.

Is Moneda safe to use?

Yes, Moneda is designed with security as our top priority. We employ industry-leading practices and technologies to ensure your assets and personal data are protected at all times. Here’s how Moneda keeps you safe:

Blockchain Security: Moneda runs on the Base Network. This means your transactions benefit from Ethereum's robust security infrastructure while maintaining high efficiency.‍
Data Protection: All identifiable user data is encrypted at REST, ensuring it remains private and secure from unauthorised access.‍
Passkeys: To strengthen account security, Moneda supports passkeys, an advanced authentication method that replaces traditional passwords with cryptographic keys. This approach offers greater protection against phishing and unauthorised access while ensuring a seamless login experience.‍
Regulatory Compliance: Moneda adheres to strict regulatory standards in Europe, including GDPR and Travel Rule, to safeguard your privacy and ensure transparency in how your data is handled.‍
Continuous Monitoring: Our systems are continuously monitored for suspicious activities or vulnerabilities, allowing us to respond proactively to potential threats.