One of the features that makes Nook stand out from other DeFi earning apps is our claim and swap feature. We claim rewards from all lending pools, swap them into USDC, and redeem them, allowing these earnings to gain interest as well.
A compounding effect leading to more gains for our users.
Every Friday we share our progress. This week, our lead engineer, Daniel Park, shipped batch claim and swap transactions. Paving the way to a more scalable Nook as we continue to grow.
More below →
We noticed an interesting earning pattern on Nook that we are shifting towards.
People are manually shifting sources much more than expected. Pushing back on automation - more than we expected.
Users with 15+ rebalances are active an average of 86.2 days. 4x more than the median. Users that manually rebalance even just 2-5 times in the first 30 days deposit 2.6x more than the user that only rebalances one time.
@agentpilled_xyz@davidtsocy@Joey_Isaacson@base Ultimately the user selects which sources they want to earn from.
But to date we focus on the best constructed vaults across Base with high reputation ratings from @vaultsfyi ✳️
Not only is the bank keeping your yield. But a better alternative is emerging.
@krzysgogol breaks down why DeFi stablecoin lending pays more than banks. Where the inefficiencies of banks are. And how they are (mostly solved) by automating the process with blockchains.
Learn more from Krzys and the mechanics that power higher earnings through @Morpho and @nook_platform
Why do DeFi stablecoin vaults pay 4–8% while banks offer 0.2–1% on savings accounts?
The answer is not “magic internet money”, but:
• 3x tighter spreads in DeFi
• Expensive banking overhead replaced by smart contracts
• Rates respond directly to market demand
• On-chain visibility of risks and collateral in real time
• Borrower yield flows directly back to lenders
And if you want to put your idle cash to work at rates traditional banks won't offer, @nook_platform is where I'd start. 👇
Update: Nook continues to grow and scale. Including our newly appointed CTO, @TheLarryWei
After leading engineering teams at Uber and Meta, Larry operates from a deep experience of helping teams build quality at scale.
With tens of thousands of Nook users, and over $500M in transactions across accounts - Larry has faced our scaling and quality challenges head on.
We are excited for Larry to keep leading the way as we build and strengthen the technical foundation at Nook.
✳️
Most people holding stablecoins are leaving money on the table.
Like, a lot of money. $11B a year, to be specific.
Right now, there's $300B+ in stablecoins circulating - but the vast majority earns 0% yield.
Just sitting there. Doing nothing. Dead money.
Meanwhile, @skyecosystem's sUSDS is offering holders 3.75% APY - automatically.
No lockups. No minimums. No fees in, no fees out.
1/ You swap in, your balance starts accruing yield.
2/ That's it. That's the whole process.
The yield comes from the Sky Savings Rate, a governance-set rate powered by the Sky Agent Network.
12+ independent capital allocators (inc: @maplefinance, @Securitize, @centrifuge) deploying across fixed income, private credit, AI infrastructure, energy, and onchain capital markets.
That 3.75% beats SOFR - the rate traditional finance uses as its benchmark for risk-free returns.
And the growth behind $sUSDS is insane:
- $6.9B in supply right now - nearly 2x its closest competitor in the yield-generating stablecoin category
- Grew from $3.3B to $6.7B in under a year
- Zero token incentives. The whole thing is organic.
No bribing users to hold it. Just a product that works.
That makes $sUSDS it the fastest-growing yield-generating stablecoin out there, and it's not even close.
The simple math on the $300B+ opportunity:
The Sky Savings Rate offers 3.75% APY - that's roughly $11B in yield sitting uncollected every single year. Most stablecoin holders are just not picking it up.
There's no reason to hold stablecoins that don't generate yield when the alternative is this simple.
Read more on how Nook works, from the Basics, to Safety & Risk, Tools like Earnings Calculator and Live Rates - to feedback from the Community and Testimonials.
→ https://t.co/AaLdfPuA9g ✳️
Every Friday - we post what we have shipped. This week, it was a revisit of the fundamentals. And how Nook, stablecoins - and onchain lending markets work.
We rebuilt our learning docs from the ground up to educate users earning with Nook for the first time.
We’ve been going back and forth about what diversification in the Nook app should look like.
This is important in multiple ways. Different strategies behave differently, different markets move differently, and different sources of yield come with different trade offs.
Yield is never static. Markets are constantly changing and evolving. We are excited to build the future of diversified earning across multiple @Morpho and @aave sources. So you can select which sources you want to earn from - across your portfolio.
Every Friday, we highlight how Nook is moving towards our mission: higher earnings.
This week we hard launched our partnership with @gauntlet_xyz
Gauntlet was one of the fist vaults we launched on Nook. Since then, Nook customers have deposited tens of millions of deposits into @Morpho vaults curated by @gauntlet_xyz
Our customers want transparency and frequently ask us, how we generate revenue. This brings more clarity to that.
https://t.co/uKzsAoysrd