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About Outlet

Outlet is a mobile application that utilizes lending protocols and stable coins pegged to the USD to operate what feels like a bank account on the Ethereum blockchain.

Deposit
Opening our mobile application will prompt you to hook up your bank account to make a deposit.
Convert
After you deposit funds they are automatically transfered to Dai. Dai is a token on the Ethereum blockchain that is equivalent to $1.
Send
After your dollars are tokenized we send them to a smart contract. This smart contract will then lend these funds to lending protocols.
Earn
Once the lending protocols smart contract recieves your funds you will start to earn interest.

Frequently Asked Questions

How Outlet Works

We connect your funds with someone who is taking out a loan backed by their crypto. Outlet is a DeFi loan aggregator that searches for the best return on stable coins pegged to the United States Dollar.

Amount locked in DeFi

~$500 Million

Loan-to-value

250%

Average yield

8%

Monthly Loan Repayment

~$100 Million

Technology Making Outlet Possible

Etherscan
Etherscan allows you to explore and search the Ethereum blockchain for transactions, addresses, tokens, prices. This allows you to see where your funds are at all times.
Wyre
Every dollar you deposit goes through Wyre. This is how we turn dollars to Dai.
Dai
Dai is a stable coin, 1 Dai = $1, stable coins bring stability to the blockchain world.
Compound
Compound is a lending protocal on the Ethereum blockchain. They fulfill blockchain based loans.

Pricing

All accounts are subject to a 10% fee on all interest earned through Outlet.
Free
  • Full Access
  • 1% Withdraw fee

Start Using Outlet