Burst lends stablecoins (aka digital dollars) to diversified borrowers who pay us back with interest.
First, you deposit your regular dollars into our app.
We then convert those dollars into digital dollars (stablecoins) like $USDC. It is backed by the U.S. Dollar - so 1 $USDC = 1 $USD.
We lend those digital dollars to borrowers (like hedge funds) through a global decentralized pool of borrowers. Every loan we give out is overcollateralized (collateral > loan) and facilitated by our regularly audited partners like Compound.
Those borrowers pay an interest which goes back to your pocket. And, because of DeFi’s design, you earn higher interest and can take your money out anytime.
To be clear, anyone can do this using DeFi. However, existing tools are clunky, complex, or require a wealth of technical knowledge to use properly. Burst makes earning returns in Web3 simple, the way it should be.
All investments assume the risk of losses, market failures and defaults. Burst minimizes these risks in several ways (learn more here).
You can deposit and withdraw funds at any point! No catch.
There are no fees to deposit or withdraw from Burst. Transferring funds in and out is free, forever.
Burst is completely free to use for our beta users, sign up now to lock in zero fees for life!