How to ensure my deposited money is safe and not rug pulled?

Question

Working on a project where users can stake their USDC in the system. However, I am concerned about the safety of the user's deposited money. How can I ensure that the money is not rug pulled by anyone?

I also want to know if the co-founders or anyone else has the power to take money from the pool that users stake. Can they access the collateral provided by the borrower?

Furthermore, I would like to know about the risks associated with staking USDC in the system. Are there any other potential issues that I should be aware of?

Answer

[Here ](https://docs.aave.com/faq/#is-there-any-risk)are the risk mentioned and [here](https://docs.aave.com/risk/asset-risk/price-discovery-requirements)

You lend and borrow not stake, so you deposit a supported token and someone can borrow this token too. If there is enough liquidity (not everything borrowed like for e.g ampl) you can withdraw your deposited tokens anytime.

How to ensure my deposited money is safe and not rug pulled?

Answers 1