Question 1

What is Stormbit?

Accepted Answer

Stormbit Labs builds software for user-directed access to non-custodial smart contracts. The products let users choose defined tokenized-asset outcomes and settle them on-chain with counterparties.

Question 2

What are the products?

Accepted Answer

Harvest seeks income on an asset you already hold. Accumulate pays you for committing to buy at your chosen price. Prime borrows against holdings under a protective floor.

Question 3

Who provides transaction terms?

Accepted Answer

Counterparties provide terms. Any displayed price is indicative until execution. You choose whether to proceed and authorize the transaction from your wallet.

Question 4

What role does Stormbit Labs play?

Accepted Answer

Stormbit Labs develops software. For institutional transactions it acts only as arranger and mechanical calculation agent. It does not act as dealer or principal, does not hold a holder's assets, and does not select, approve or initiate a holder's transactions.

Question 5

Does Stormbit hold or control my assets?

Accepted Answer

No. Stormbit Labs does not custody assets and holds no withdrawal key over user collateral. Collateral is held by the contracts and moves only along the coded settlement paths, described in the documentation.

Question 6

Are income or outcomes guaranteed?

Accepted Answer

No. Prices and income vary with market conditions and counterparty terms. A defined payoff does not guarantee profit or prevent loss.

Question 7

What can go wrong?

Accepted Answer

Risks include smart-contract defects, counterparty failure, oracle error, network disruption, market moves, settlement failure and loss of some or all value committed to a transaction.

Question 8

What does the Prime property mean?

Accepted Answer

Once a Prime transaction is funded, no price-based liquidation occurs during the protected term. This is a product property, not protection from every form of loss or settlement obligation.

Question 9

How do I access Prime?

Accepted Answer

Prime runs as a program on the protocol. Access is by invitation through the app, or under a bilateral institutional program.

Question 10

Who can use Stormbit?

Accepted Answer

Availability depends on jurisdiction, eligibility and the terms presented for a transaction. Users are responsible for complying with applicable law.