Your U.S. dollars are converted into stablecoin cryptocurrency assets, which are pegged to the U.S. dollar. This gives you access to markets that are typically only in reach for technically sophisticated cryptocurrency experts. These assets are loaned directly to borrowers willing to pay high rewards for the digital currency that you provide them. These earnings come back to you! This is similar to how your bank generates interest on the money in your checking or savings account, but at Zurp we believe that you should receive true rewards from your money! (this is why our APY can be up to 600x more than what your bank provides)

We only earn when you earn! As we give you access to yield generating protocols, we take a cut of the excess earnings above 6% APY.

You can withdraw funds in your Zurp account at any time and as often as you like. There are no withdrawal limits. We have a short processing period to ensure we can keep fees down to convert your funds back into USD. Afterwards, the funds are sent back to your bank account. While there are no delays after our processing period, keep in mind that ACH deposits can take 3-5 business days to arrive in your bank account.

Every investment assumes the risk of losses, defaults, as well as market or protocol failures. However, Zurp minimizes these risks in multiple ways: Zurp incorporates audits and implements the highest bank level security, AML/KYC, and encryption standards. Zurp focuses on protocols that only use over-collateralized loans to generate rewards. This means that borrowers must put up digital assets as collateral for their loan, and those are worth more than the amount they are borrowing. Hence, your original deposits are designed not to be lost in case of a default. Zurp only works with the most trusted and qualified partners and protocols. Nevertheless, there are risks associated with using Zurp products and services. Some of the risks include, but are not limited to, the following: Protocol risk: We rely on applications built on blockchain networks such as Etheruem. Hence, in the unlikely event of these networks failing due to a vulnerability or a bug, the applications relying on them, such as Zurp, would fail as well. Stablecoin risk: We convert your USD into stablecoins such as USDC. These digital assets are pegged to the US Dollar. However, it is theoretically possible for stablecoins to deviate from the peg, resulting in a value that is not 1:1 with USD. Partner risk: To give you access to DeFi, we work with third-party providers. Though we work exclusively with the most trusted and qualified third-party providers and protocols, our partners could have incidents such as vulnerabilities or bugs.

In short, DeFi gives you access to financial services such as earning interest, borrowing, lending, and more without the need of a centralized entity like a bank since it’s based on public, decentralized blockchains. To elaborate a bit further, DeFi (Decentralized Finance) is a term used to describe financial services performed on blockchains (e.g. Ethereum). In the traditional financial world, financial institutions such as banks act as trusted (centralized) verifiers of transactions. This gives financial institutions immense power because your transactions are verified by single entities (banks) through which your money has to flow. DeFi is a fundamentally different approach to verification, rather than you trusting a single entity to verify your financial interactions, you don’t have to trust anyone, because every participant verifies your interactions on the blockchain protocol through a consensus mechanism. DeFi has grown significantly in the past two years, roughly representing over $209 billions in deposited assets as of 2022, with the ambition to make financial services more secure, accessible, inclusive, and transparent.