FAQ

What is Stormbit? Stormbit Labs builds software for user-directed access to non-custodial smart contracts. The programs let a holder choose defined tokenized-asset outcomes and settle them on chain with counterparties.

Who provides transaction terms? Counterparties provide terms. Any displayed price is indicative until execution. The holder chooses whether to proceed and authorizes the transaction from their own wallet, or through an approved delegate.

Does Stormbit hold or control assets? No. Stormbit Labs does not custody assets and holds no withdrawal key over user collateral. Collateral moves only along the coded settlement paths: no function transfers user collateral to a role holder or to a recipient of a role holder’s choosing. An administrative settlement backstop can set a settlement price, and the settlement price determines how escrowed value is allocated between the parties at expiry; its limits are described in the security model.

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

What does the Prime protection property mean? No price based liquidation occurs during the protected term. On non repayment, liquidation opens permissionlessly after maturity plus four hours. This is a product property, not protection from every form of loss or settlement obligation.

How do I access the programs? Harvest, Accumulate and Prime run as programs on the protocol. Access is by invitation through the app, or under a bilateral institutional program.