Linen App - Earn Yield on Cash

Linen App is a banking and investment app designed for the digital generation.

99% of Americans are bound by investment options available through mainstream investment platforms. Until now, only the finance and tech-savvy were able to earn high yield on their cash by supplying digital dollars (stablecoins) to liquidity pools.

We have changed that! Linen App provides access to digital finance. Our technology enables you to supply funds into a liquidity pool Compound on the Ethereum blockchain. Liquidity pools allow anyone to borrow digital dollars 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: connect your bank account and start earning.

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 your digital money can earn high yield with Linen App with no strings attached.

START EARNING WITH AS LITTLE AS $5, AVAILABLE TO WITHDRAW AT ANY TIME
Take control of your money and have a choice! Digital money for the digital generation.

SETUP IS EASY
Fast and intuitive setup. Earn interest with ease. Even your dad can use it.

TECHNOLOGY
Our technology provides you direct access to liquidity pools previously available only to the finance and tech savvy. No middle man and the app is protected with Face ID, Touch ID, or Apple passcode. Access to your funds is stored on your mobile device and backed up to Apple’s iCloud Keychain.


LINEN CARD
Linen Card will be available at a later time.

WE ARE HERE TO HELP
Please reach out to us at support@linen.app for support and feedback.



Disclosure:

* APY (Annual Percentage Yield) is variable and changes frequently based on the supply of digital assets (stablecoins, cryptocurrency, virtual currency) into the liquidity pool USDC on the Compound protocol and the demand for loans from the same pool.

Linen Mobile, Inc. does not 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.

Note that certain Linen App product features listed are currently in development and are not available.

Linen Cash is a cash management service that allows U.S. residents of certain states to supply digital assets (stablecoins, cryptocurrency) into the Compound digital dollar (stablecoin USDC) liquidity pool. Linen App is a software and service developed by Linen Mobile, Inc. Linen Mobile, Inc. is not a bank, and any digital cash (USDC) you supply using Linen App will not be stored in a bank. Funds supplied to Compound liquidity pools using Linen App software are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other federal, state, or local agency.

Supplying digital assets to the Compound liquidity pool using Linen App involves risk, and you may lose all funds by accessing these pools through the Linen App. Historical interest rates on supplying digital assets (digital dollar, stablecoin USDC) to the Compound protocol are not an indicator that these rates will be available in the future. Although loans, borrowed from the Compound liquidity pool, are overcollateralized by digital assets (cryptocurrency) and monitored by third parties for liquidations in real-time, neither Linen Mobile, Inc. nor the Compound protocol can guarantee it will be monitored in the future. 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.

Digital currency is not legal tender, is not backed by the government, and Linen Cash is not subject to FDIC or SIPC protections. Please refer to the Terms of Service located at https://linen.app/terms-of-service for disclosures.
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What's New

More details are displayed when some error happens during bank account connection
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Additional Information

Updated
January 17, 2020
Size
12M
Installs
500+
Current Version
0.3.3
Requires Android
6.0 and up
Content Rating
Everyone
Interactive Elements
In-App Purchases
Permissions
Offered By
Linen Mobile, Inc.
Developer
44 Tehama St. San Francisco, CA 94105
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