Frequently Asked Questions
General
What is usmewe?
What is usmewe?
usmewe is a decentralized social credit application that enables peer-to-peer loans based on social trust, not traditional collateral. Think of it as Revolut meets Aave - a seamless fintech experience powered by blockchain.
Is usmewe a bank?
Is usmewe a bank?
No. usmewe is a decentralized protocol, not a bank. We don’t hold custody of your funds - they’re secured by smart contracts on the BASE blockchain. We’re not regulated as a bank and don’t provide banking services.
What blockchain does usmewe use?
What blockchain does usmewe use?
usmewe runs on BASE, an Ethereum Layer 2 blockchain developed by Coinbase. BASE offers fast, low-cost transactions while maintaining Ethereum’s security.
Do I need crypto experience to use usmewe?
Do I need crypto experience to use usmewe?
No! usmewe is designed to feel like a regular fintech app. You’ll never see gas fees, seed phrases, or transaction signing. The blockchain is completely invisible to users.
Trust Score
How is my Trust Score calculated?
How is my Trust Score calculated?
Your Trust Score (0-100) is based on five factors: account seniority, repayment history, transaction volume, social connections (Guardians), and your XP level. See our Trust Score documentation for the full algorithm.
How can I increase my Trust Score?
How can I increase my Trust Score?
The fastest way is to repay loans on time (+2 points each). You can also add Guardians (+5 points each, max 3), and earn XP to level up. Consistent activity over time also helps.
What happens if I miss a payment?
What happens if I miss a payment?
Late payments within 7 days result in a -5% score penalty. Defaults (>7 days late) cause a -30% penalty and affect your borrowing ability. Always try to repay on time or communicate early if you’ll be late.
Borrowing & Lending
How much can I borrow?
How much can I borrow?
Your borrowing limit depends on your Trust Score and level. New users can borrow up to 1,000 for 90 days.
What's the interest rate?
What's the interest rate?
Interest rates are variable based on vault utilization, typically ranging from 0-5% APR. Rates are always shown before you confirm a loan.
Can I borrow without any credit history?
Can I borrow without any credit history?
Yes! New users can borrow small amounts ($20) immediately. As you build your Trust Score through repayments, your limits increase.
What's the difference between Trust Vault and P2P loans?
What's the difference between Trust Vault and P2P loans?
Trust Vault loans come from the protocol’s liquidity pool with algorithmic rates. P2P loans are direct agreements between users with negotiated terms. Both count toward your Trust Score.
Staking & Yield
What yield can I earn?
What yield can I earn?
Stakers in the Trust Vault typically earn 5-10% APY, depending on vault utilization. Higher utilization = higher rates.
What are the risks of staking?
What are the risks of staking?
Main risks include smart contract risk (mitigated by audits), default risk (80% covered by Insurance Pool), and liquidity risk (high utilization may delay withdrawals).
Can I withdraw anytime?
Can I withdraw anytime?
Generally yes, but during high utilization (>95%), withdrawals may be delayed until liquidity is available. There’s no lock-up period.
Social Vault
What is the Social Vault?
What is the Social Vault?
Why would I use the Social Vault?
Why would I use the Social Vault?
What if I need emergency access?
What if I need emergency access?
There is intentionally no emergency bypass - this is by design to prevent coerced “emergency” transfers. Keep everyday funds in your regular wallet and only store long-term holdings in the Social Vault.
Account & Security
What happens if I lose my phone?
What happens if I lose my phone?
Your account is secured by Supabase Auth (Google OAuth). Simply sign in on a new device. Your smart wallet is recovered automatically.
Is usmewe safe?
Is usmewe safe?
We take security seriously. Our smart contracts are audited, we have a bug bounty program, and we’ve passed penetration testing. See our Security documentation.
Is my data private?
Is my data private?
We’re GDPR compliant. Your on-chain activity is public (as with all blockchains), but personal data is encrypted and you have the right to deletion.
Technical
How do gas fees work?
How do gas fees work?
You never see gas fees. usmewe uses account abstraction (ZeroDev) to bundle and subsidize gas. Service fees cover these costs.
Can I integrate with usmewe?
Can I integrate with usmewe?
Yes! We have a full API and SDKs for JavaScript and React. See our Developer Documentation.
Is usmewe open source?
Is usmewe open source?
Yes, our smart contracts and core algorithms are open source. Check our GitHub repository.