Question 1

What is Peak Money?

Accepted Answer

Peak Money is a high-yield finance app built by Dapper Labs that helps you put your money to work using strategies inspired by how smart money invests. Deposit cash, earn up to 10% APY on USD, withdraw anytime with no penalties, no lock-ups, no games. We handle the complexity. You keep the yield.

Question 2

Wait, how is that possible? My bank pays 0.5%.

Accepted Answer

Traditional banks keep the spread between what they earn lending your money and what they pay you. Peak routes your deposits directly into on-chain lending markets where every borrower posts collateral first. Their interest becomes your yield. No middleman taking the cut.

Question 3

Do I need to know anything about crypto?

Accepted Answer

Not at all. Peak Money is designed to feel like a savings account. You deposit USD, earn yield, and withdraw USD. Everything that happens on-chain is handled automatically behind the scenes.

Question 4

Is Peak Money a bank?

Accepted Answer

No. Peak Money is not a bank, registered investment advisor, or broker-dealer. Yield products are not FDIC or CDIC insured. Your funds are at risk and rates are variable and not guaranteed.

Question 5

Where does the yield actually come from?

Accepted Answer

Yield comes from borrowers who post collateral to on-chain lending markets and pay interest to use your dollars. Peak routes your deposit into these markets. That interest, minus protocol fees, is paid back to you.

Question 6

Is the yield rate fixed?

Accepted Answer

No. The rate is variable and moves with borrowing demand in the lending markets. 10% is the current target, but it can go up or down based on market conditions.

Question 7

How do I know my money isn't being gambled behind the scenes?

Accepted Answer

All lending activity is on-chain and publicly verifiable. Every borrower must post collateral exceeding the loan value. Audit reports are publicly available. You can verify every transaction on the blockchain at any time.

Question 8

Is Peak Money being audited?

Accepted Answer

Yes. The smart contracts powering Peak Money are independently audited. Public audit reports are available for review. The protocols are open-source and verifiable on-chain.

Question 9

What are the actual risks?

Accepted Answer

The main risks are: smart contract risk (bugs in code), market risk (collateral value drops faster than liquidation can execute), and rate risk (yield can drop). Collateral requirements and audits mitigate these, but they cannot eliminate them.

Question 10

Is my money insured?

Accepted Answer

No. Unlike a bank account, funds deposited in Peak Money are not FDIC or CDIC insured. You could lose principal in an extreme black-swan event. Only deposit what you can afford to have at risk.

Question 11

Can I actually withdraw anytime?

Accepted Answer

Yes. There are no lockups, no penalties, and no waiting periods. You can request a withdrawal at any time and your dollars come back to you.

Question 12

How do I deposit? Are there minimums?

Accepted Answer

Connect a bank account, card, or crypto wallet. There are no minimums. You can start with any amount. Yield starts accruing the moment your deposit lands.

Question 13

What are the fees?

Accepted Answer

Peak charges no deposit or withdrawal fees. A small protocol fee is taken from the yield generated, not from your principal. The APY displayed is already net of fees.

Frequently asked questions

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