We're proud to announce the Beta launch of another product, the Programmatic Lending portfolio. The team has been building and iterating on this for months now and we're finally ready to put this in Beta.
Ember is leveraging Compound, a cutting-edge venture backed protocol that allows for decentralized lending. Interest rates are automatically set based on supply / demand and paid to you every 15 seconds. Earn up to 50x more interest than your savings account and redeem your funds at any time! At the time of this writing, the rate is 4.61% on USDC. This is a great product for users that want to put their crypto to use and earn interest while they wait to get in the market or those who want to replace legacy banking products that pay less than 0.09%.
If you are interested in Beta testing this, please make sure you've installed our app here and private message me to let me know the email you used to sign up so we can enable it for you in app. As usual, for our beta we are not charging any fees.
P.S. Our first trade with The Quant portfolio went well! We had an entry at $7335.15 and exit at $8645.49 (+16.4% or +$1310.34)!