Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Casual on July 08, 2021, 08:46:43 AM
-
Donut might be the most mainstream DeFi app attempt yet, offering 4% yields to customers on what feels like a conventional savings app. Many casual crypto users have heard the promises of 5% or even 8% yields on deposits in the wild world of decentralized finance, or DeFi. But while those rates might be tantalizing—especially when conventional "high yield" savings accounts are paying a pathetic 0.5% these days—most people quickly learn that navigating the world of DeFi is complex and intimidating. So they sit out. That's why an app called Donut, whose backers include the owners of the Washington Nationals, is intriguing. Launched last year, it looks like many other banking or investing apps but plugs into DeFi on the back-end to offer users a handsome 4% return—redeemable anytime—on dollars they deposit.more information (https://decrypt.co/75435/defi-donut-high-yield)