About Outlet

: Outlet is a mobile application that utilizes lending protocols and stable coins pegged to the USD to operate a banking-style lending institution on the Ethereum blockchain.

How It Works

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

Frequently Asked Questions

Start Using Outlet