Get updated promotions and offers from Linen App here.
Linen is a free mobile wallet that enables you to exchange U.S. Dollars for digital dollar stablecoins (USDC) and earn interest on your holdings via blockchain-based lending pools.
Check out other cryptocurrency promotions here like: BlockFi, Coinbase, Voyager, Swan, etc.
Read below for more information on what they have to offer.
Linen App Bonus
Receive a $5 bonus in the form of future equity when you download the Linen app and use a referral code when you apply.
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Linen Sharedrop on Republic
Earn a $10 bonus in the form of future equity when you sign up to partake in Linen Sharedrop on Republic. Additionally, you can earn a 1.00% APY towards future equity on assets you manage with Linen (maximum eligible balance is $50,000 for a maximum of $500 in future equity). To be eligible, 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 partake in this Sharedrop, you’ll get equity or cash in the future if Linen gets acquired, goes public, or if certain conditions are met. So, if Linen doe well, you’ll do well.
Coinbase Ventures, Polychain Capital, HashKey Capital, and Wyre Capital all have invested into Linen.
Linen App “Give $5, Get $5” Referral Program
When your friend signs up with Linen with your personal referral link, the both of you will get a $5 bonus in the form of future equity.
Linen App Features
Linen is an investment app made for the digital generation, letting you earn interst on your digital dollars. This is 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).
Furthermore, Linen does not charge any fees for their service. There’s also no minimum balance required. So you’ll be able to access liquidity pools with no strings attached. Additionally, there’s no commitment, your Linen wallet balance is available for withdrawal at any given time.
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Conclusion
With Linen, it’s a user-friendly app that enables you to earn interest for your digital dollars. If you want to find more ways to earn interest on digital dollars, check out Celsius and Constant.
Check out our brokerage and investment offers page here.
