About
Transform your savings into passive income with effortless crypto management and competitive yields.
Nook is a beginner-friendly savings app that converts deposits to USDC via Coinbase and allocates funds to vetted DeFi lending markets (e.g., Moonwell on Base) to pursue higher yields—advertising up to ~7.6% APY. It offers instant deposits/withdrawals, no minimums or account fees, and clear risk disclosure that funds are not FDIC‑insured. Backed by Coinbase Ventures.
Use Cases
High-Yield Savings for Beginners
Users can earn up to 7.6% APY by converting savings to USDC and lending in DeFi,without crypto knowledge.
Instant Liquidity Access
Users can deposit and withdraw funds anytime instantly via Coinbase integration,maintaining flexibility.
Diversified DeFi Investment Exposure
Users gain exposure to vetted DeFi lending markets like Moonwell with no minimuminvestment.
Safe Lending with Audited Protocols
Users invest through audited, over-collateralized DeFi protocols to reduce borrower default risk.
Key Features
Stablecoin & On‑Ramp Integration
- Nook converts user deposits into USDC (1:1 stablecoin) behind the scenes.
- Coinbase is the trusted payment/on‑ramp provider for deposits and withdrawals.
- Funds are routed instantly to USDC and then pooled for on‑chain DeFideployment.
- Users can withdraw back to their Bank or Coinbase with no lockups or delays.
- Platform built on Base and integrates with named partners (e.g., Moonwell) foron‑chain execution.
DeFi Yield, Risk & Market Impact
- Nook markets up to ~7.6% APY (average shown ≈7.6% over 12 months) sourced fromDeFi lending demand.
- Funds are deployed to hand‑selected, over‑collateralized lending markets with automated liquidation protections.
- Site traction claims include $100M+ in transactions processed and ~$85M ininterest paid.
- Explicit risk disclosures: not FDIC insured; smart‑contract risk; stablecoindepeg; liquidity and regulatory uncertainty; APYs variable.
- Team/backers & status: ex‑Coinbase founders, backed by Coinbase Ventures,>$2.5M raised; iOS app live in US; multiple earning protocols live.
(Co-founder and CEO)
Joey Isaacson
(Co-founder and CTO)
Kenzan Boo
(Co-founder and CPO)
Sohail Khanifar
Headquarters
🇺🇸 Austin, Texas
Website
nookapp.xyz
$60B+
Deposits in partner markets
100M+
Transactions through Nook