August 19, 2021

DeFi made easy: How Nash Earnings works

DeFi made easy

Nash makes it easy to earn top interest rates on your savings.

Nash is powered by crypto, but you can start earning straight from your bank account in a couple of taps, without worrying about crypto purchases, transactions or network fees.

What’s more, you remain in control of your funds: not a bank, not Nash – just you!

The best bits

  • Watch your money grow in real time 🌱
  • Add more funds or take out your newly-earned cash at any time 🔥
  • No Ethereum network fees  💸
  • You control your funds 🔒

Where does the interest come from?

Nash makes it as easy as possible for you to earn interest through the blockchain platform Aave.

Aave lets you lend out funds at high interest rates. What you earn is generated by borrowers paying back their loans.

Borrowers on Aave provide more collateral than the size of their loan, so they should always be able to pay it back. If a borrower appears unable to pay back their loan, Aave will automatically liquidate their position, claiming the borrower’s collateral and ensuring that lenders do not lose funds.

How does Nash make earning easy?

Nash simplifies Aave for you.

Normally, lending funds on Aave requires buying cryptocurrencies. It also means paying expensive Ethereum blockchain fees – both to add and remove funds.

Nash has designed a system that lets you buy into a lending pool on Aave directly with national currency. Your share of the pool remains under your control on the blockchain.

Since our system is more efficient than interacting with Aave itself, Nash is also able to cover Ethereum network fees for you.

You can read a more technical explanation here.

Do the rates change?

Yes. Interest rates for individual assets on Aave change based on demand for them. Nash’s system uses a number of different assets and calculates the APY you receive in real time.

The current best rate is prominentaly displayed in the Nash app and on our website.


Get the Nash app here

You can stay up to date with Nash by following our Twitter and Instagram, as well as joining our official Telegram group. We also encourage all Nash Exchange token (NEX) holders to join our community platform, where they can talk directly with the team and receive reliable answers to questions.

Tom
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Compliance and Registration

Nash was the first Crypto Platform in Europe registered by the Financial Market Authority (FMA) of Liechtenstein. Nash is also registered with the De Nederlandsche Bank N.V. (DNB).
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Industry Leading Security

Nash’s Crypto Platform and Investment App uses state-of-the art, audited security measures and is fully non-custodial.
What makes Nash so safe
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Rates may vary over time. Crypto-powered earnings on Nash are not covered by any deposit guarantee schemes like bank savings accounts and involve risks unique to the underlying technologies: (i) Exploitations of the smart contracts used; (ii) Forex fluctations between your national currency and the US dollar, which underlies crypto earnings assets; (iii) USD stablecoins losing their peg. 
Nash is a trademark of Neon Exchange Aktiengesellschaft. Neon Exchange Aktiengesellschaft is an exchange bureau registered with the FMA of Liechtenstein (TT Exchange Service Provider Nr. 261096 as defined by the Token- und VT-Dienstleister-Gesetz / TVTG, 3 October 2019)
Nash Exchange B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB conducts supervision and monitors Nash Exchange B.V.’s compliance with the Money Laundering and Terrorist Financing Prevention Act and the Sanctions Act 1977. Nash Exchange B.V. is not under the prudential supervision of DNB nor under business conduct supervision of the AFM. This means there is no supervision of financial requirements or business risks and no specific consumer financial protections.
Neon Exchange Aktiengesellschaft is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act – for more information please see this link.
Neon Exchange Aktiengesellschaft also provides fiat-crypto exchange services. These are separate and unrelated to the account and payment services you receive from Modulr Finance B.V.