Get updated promotions and offers from Linen App here.
Linen is a free mobile wallet that allows you to exchange U.S. dollars for digital dollar stablecoins (USDC) and earn interest on your holdings via blockchain-based lending pools. Let’s get dive into the Linen app and their offers below.
Linen App Bonus
Get a $5 bonus in the form of future equity when you download the Linen app and use the referral code 1AFFFM during registration.
Linen Sharedrop On Republic
Get a $10 bonus in the form of future equity when you register to participate in Linen Sharedrop on Republic. You’ll also earn a 1.00% APY toward future equity on assets you manage with Linen (maximum eligible balance is $50,000 for a maximum of $500 in future equity). To qualify, your Republic and Linen account emails must be the same, and you must be a U.S. resident over the age of 18.
The Linen Sharedrop is a regulated crowdfunding campaign hosted by Republic. When you participate in this Sharedrop, you’ll receive equity or cash in the future if Linen gets acquired, goes public or if certain conditions are met. So if Linen does well, you’ll also do well.
Coinbase Ventures, Polychain Capital, HashKey Capital and Wyre Capital have all invested in Linen.
Linen App “Give $5, Get $5” Referral Program
When your friend joins Linen using your unique referral link or code, you’ll both get a $5 bonus in the form of future equity.
Linen App Features
Linen is an investment app designed for the digital generation, letting you earn interest on your digital dollars. Here’s how it works:
- Deposit your digital dollars (stablecoin USDC) to the Compound Liquidity Pool. These pools allow anyone to borrow digital dollars as long as the loans are secured by digital assets.
- Compound is an autonomous interest rate protocol – based on supply of digital dollars and demand for borrowings – on the Ethereum blockchain.
- Returns are generated by borrowers who secure borrowings with digital assets collateral. Borrowings are over-collateralized (minimum collateral ratio to borrow varies from 115% to 150% of the loan amount).
Linen does not charge any fees for its service, and there is no minimum balance required. So you can access liquidity pools with no strings attached. Plus, there’s no commitment. Your Linen wallet balance is available for withdrawal at anytime.
Bottom Line
Linen is a user-friendly app that lets you easily earn interest on your digital dollars.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
