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Three former engineers in cryptist Siknbase He left the company earlier this year to start his efforts. On Wednesday, the team announced a new project: a Crypto Savings application called NOOK, a CINPTO Savings Application of $ 2.5 million from Coinbase Venturas of Venture Capital companies, defy.vc and UDHC. The company refused to disclose the appraisal of the tour.
Nook allows users to facilitate the amount of Crypto Holdings without services such as AAVE, which lends to credit to borrowers in exchange for interest in users.
Joey Isaacson said co-founder of CEO and NOOK Fortune The team estimates that a user must take 14 different steps to get access to a user’s average loan platform. This means that you do not have time to understand or study the subtlety of blockshas.
Nook, some of the complexity of some other platforms, some of the other platforms, a crypto of customers hopes to register with an email address to register with an email address.
“What we are trying to do is very much easier, makes the messaging clearer … and we follow the accurate installation and rules we are in regulatory restrictions,” he said.
Isaacson plans to present more credit programs in the company in the future, a partner, Moonwell started the public with a credit platform established by another coinbase graduates in 2021.
Before starting the public, NOOK was slowly wearing more than 50,000 people’s waiting list. These users have earned 8% annual income by giving credit Bittoin Or some other cryptoes to borrowers in Moonwell via Nook. “We cannot guarantee that, but the results of users have seen,” said Isaacson.
Because cryptos are so variable, lending and the borrowing of cryptovalism is risky. However, Moonwell and other companies have put the loans to restrict the loans to “excessive accelerations”, and put in crypto than they use the program for investment. For example, the borrower is automatically canceled, ie the borrower is automatically canceled, ie the loans are forced to return their loans.
Another coin market and former General Director of the Lending Protocol, Jayon Hobbies, implementing a similar venture Legend. Hobby’s platform allows users to a large number of people who are not a third party like a bank, which facilitates a financial function to force users to enter a number of different accounts.
Currently, NOOK is free for customers to use. However, Isaacson said that the company will consider various income options after attracting a large user base. “Once you can contact this relationship and continue to build our society, we see several income options from the road,” Isaacson said.
The company will use the money raised in this round to bring and distribute its technology to market and distribute the product to market.
