We provide access to the Compound lending pool on the Ethereum blockchain. Lending pool generates returns from borrowers who are paying interest on loans. Loans issued by the Compound lending pool are overcollateralized (115-150% of the loan value) and are monitored for liquidations in real-time.
Funds are held on and accessible only from your mobile device. Linen App never has access to your funds. We simply provide software and service to access Compound lending pools and connect your bank account. We are neither a lender nor a borrower.
Linen Cash is a software and service developed by Linen Mobile, Inc. Linen Mobile, Inc. is not a bank and the cash or digital cash (USDC
) you deposit using Linen mobile app will not be stored at a bank. Your funds are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other federal, state or local agency.
Supplying funds to the Compound lending liquidity pool using Linen App involves risk and you may lose money by accessing these pools through the Linen mobile app. Historical interest rates on supplying digital assets (digital dollar, stablecoin, USDC) to the Compound protocol is not an indicator that these rates will be available in the future.
We secure the app with Apple Passcode, Face ID or Touch ID, so only you have access to it.