How does it work?
Let us explain why the decentralized savings platform is more than just borrowers paying interest to lenders without an intermediary.

Lending explained.

Let's start with breaking down on how the lending business works. In very simple terms, it's possible to say that a person is willing to pay for something they want to borrow. In the financial industry, the borrowed asset is mostly money. Most of us will be familiar with this: loans, mortgages, car leases or whenever somebody borrows money and pays the lender for it. In traditional finance, the lender is mostly a bank or another financial intermediary. Actually, the bank is not lending out their own money but rather they are lending out the money of other clients and they keep the biggest share of the generated interest for themselves. The lending business is one of the oldest and biggest businesses in the world and is sure to stay forever.
In the last few years, different decentralized lending platforms have clearly showed us that it is possible to run a successful peer-to-peer lending business on the blockchain, fully decentralized and trustless. But how does that work? In general, it is pretty much the same as a normal lending business, just without a financial intermediary. By taking the bank out of the picture, fair interest rates become available on the open market which continuously adjusts to market conditions. This makes it possible to have a fair and non-manipulatable lending market.

Changing the game.

Until entered the market, the interest rates for crypto deposits on the different available platforms were pretty low. Let's have a closer look at the situation with Ethereum. The interest rates for ETH deposits were somewhere around 0.03% - 10% per year for decentralized and centralized platforms. At the same time, deposits for stablecoins, like DAI or USDC, generate interest rates of between 3% - 25 % p.a. depending on the risk you are willing to take on decentralized and centralized platforms. When we analysed the whole decentralized lending market, it quickly became clear that we needed to find a solution to get stablecoin interest rates for crypto deposits like ETH. Since there were already many possibilities of generating high interest rates if you own stablecoins, the goal was even simpler: we needed to find a way to get stablecoins for crypto deposits. If you step back and look at the situation objectively, it is pretty clear where the solution might be found: in the banking industry. We also know that the banking industry isn't normally really happy about the upcoming decentralized finance revolution, but we managed to find a Swiss banking partner who is open for a partnership with the future of finance and is already into crypto.

Workflow of the future.

Because humans make mistakes and code normally doesn't, we bypassed the human aspect in our workflow. Let's have a closer look: workflow
In oversimplified terms we could describe what's happening behind the scenes as followed:
  1. 1.
    When a user deposits funds into the smart contract via the website our partner bank and are notified.
  2. 2.
    Our partner bank grants us a loan in stablecoins for the US dollar net value of the deposited crypto in our smart contract on the blockchain.
  3. 3. uses the received stablecoins to generate maximum interest for its users by using other decentralized financial services in a highly diversified matter.
  4. 4.
    Once a user makes a withdrawal, the smart contract returns the deposited amount including the generated interest automatically. is notified and returns the stablecoins to the banking partner.

Sometimes examples are easier.

Since the theory sometimes is complicated let's go for a simple real life scenario:
  1. 1.
    User A deposits 1 ETH on's decentralized savings platform. We and our partner bank are notified.
  2. 2.
    At the time of writing, 1 ETH is worth 3600 USD. receives from the partner bank a loan in form of 3600 USDC. The stablecoins are sent directly and automatically to
  3. 3. automatically begins the process of generating maximum interest by using the stablecoins from the bank. All this is done without the risk of human error in a highly diversified manner.
  4. 4.
    User A decides to make a withdrawal after a period. The smart contract returns their deposit plus the generated interest directly into the user’s wallet, all in one transaction. is notified and the 3600 USDC are returned to the bank.