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Linen App: DeFi fixed income for iOS

By Linen Mobile Free

Developer's Description

Linen App is an investment app designed for the digital generation.

99% of Americans are bound by investment options available only through mainstream investment platforms. Until now, the finance and tech-savvy were the only ones able to access Decentralized Finance (DeFi), also known as programmable money, and deposit digital dollars (stablecoins) to earn yield.

We have changed that! Linen App provides access to DeFi to everyone. Our technology and tools enable you to deposit funds into the Compound Liquidity Pool on the Ethereum blockchain directly from your bank. Liquidity pools allow anyone to borrow digital dollars (stablecoins) as long as the loans are secured by digital assets (cryptocurrency). Open source technology of the liquidity pools ensures that the predefined terms and conditions are enforced.

How it works: Register, link your bank account, and supply digital dollars (stablecoins) to Compound. Membership is free.

No Fees, No Minimum Balances, No Nonsense

We are challenging the status quo of old-school investment choices that require you to pay commissions, fees, or maintain minimum balances. Now, you can use Linen App to access liquidity pools with no strings attached.

Deposit as Little as $5, Available to Withdraw at Any Time

Take control of your finances and have a choice! Digital money for the digital generation.

SETUP IS EASY

Fast and intuitive setup. Even your dad can use it.

TECHNOLOGY

Our technology provides a self-custody wallet and direct access to liquidity pools. No middle man. The app is protected with Face ID, Touch ID, or Apple passcode. Access to your funds is stored on your mobile device, and you back it up to Apples iCloud Keychain. Linen App never has direct access to your money.

WE ARE HERE TO HELP

Please reach out to us at support@linen.app for support and feedback.

Disclosure:

* Linen App does not generate yield (return) for its members. Yields are generated by the Compound Liquidity Pool on the Ethereum blockchain. Linen App provides tools to access the Compound Liquidity Pool. Neither Linen Mobile, Inc. nor Linen App set or control interest rates. The APY displayed on the linen.app website and in the mobile app is in real-time. The currently displayed interest rate may be lower or higher than it was stated previously.

Linen App is a self-custody wallet that allows U.S. residents of certain states to supply digital assets (stablecoins, cryptocurrency) to the Compound USDC Liquidity Pool. A self-custody wallet means that Linen Mobile, Inc. does not store members funds. Funds are stored on the Ethereum blockchain and accessed using private keys stored on a mobile device. Members are solely responsible for safeguarding and backing up access (private keys) to their Linen App wallet. Linen App is software and tools developed by Linen Mobile, Inc. Linen Mobile, Inc. is not a bank, and any digital cash (cryptocurrency, digital assets) you supply using Linen App to the Compound Liquidity Pool will not be stored in a bank. Funds supplied to Compound Liquidity Pools using Linen App software and tools are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other federal, state, or local agency.

Linen Mobile, Inc. does not exchange stablecoins USDC (cryptocurrency) for its members. Exchange services are provided by a third party provider, Wyre Payments, Inc. Wyre Payments, Inc. is registered with FinCen as a Money Service Business (MSB), MSB Registration Number: 31000161439101, and is a licensed money transmitter in states that require it. Please refer to state licensing information https://www.sendwyre.com/licenses/.

Supplying digital assets (cryptocurrency) to the Compound Liquidity Pool using Linen App involves risk, and you may lose all funds by accessing these pools through Linen App. It is possible that Compound Liquidity Pools will not have enough liquidity at the time of withdrawal if the borrowing or withdrawal demand becomes high or for any other reasons.

Full Specifications

What's new in version 1.2.7

General

Release March 15, 2020
Date Added March 15, 2020
Version 1.2.7

Operating Systems

Operating Systems iOS
Additional Requirements Requires iOS 11.0 or later. Compatible with iPhone, iPad, and iPod touch.

Popularity

Total Downloads 0
Downloads Last Week 0
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