Donut
Donut lets anyone easily take advantage of high yield earning opportunities within DeFi's lending sector with the ability to invest and withdraw on demand.
LOCATION
Sectors
DeFi
Website
https://www.donut.app/
Founders
Neel Popat
Donut is advancing a new model in which they provide > 2 percent yield on deposits by incorporating crypto securities lending. Specifically, users deposit USD to earn interest, just like a savings account. On the back end, those deposits are converted to cryptocurrencies, which are then loaned to hedge funds looking to leverage their trades. These hedge funds are willing to pay a high interest rate and typically overly capitalize the loan, thus mitigating loss risks.
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