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

Where does my money go? and what is a lending protocol?

Is this safe?

What kind of loans do my funds back?

How can I see whats going on with my funds?

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