How Earning through Nook Works

A breakdown of how we connect you to money markets in 3 key steps.

Think of Nook as a high-yield earning account that taps into the stablecoin lending markets. When you deposit money, whether through Plaid Coinbase, Apple Pay, or a debit card - your funds are put into a programatic money market, where they are automatically matched with borrowers. These borrowers have collateralized their funds so that they are yours until they repay their borrowed amount.

The interest from Nook comes from the interest paid by borrowers and goes directly to you. Nook does not take a cut or a fee.

The earning process can be deposited into three key steps.

Convert your cash

Nook partners with Coinbase - our trusted payment provider - to convert your funds into USDC, a stablecoin pegged 1:1 to the U.S. dollar.

The conversion happens behind the scenes in seconds, so you can start earning right away.

Deposit your funds

Nook sends funds from your wallet directly to the earning protocol with the highest rate — all of which are hand selected with over $60B total across their platforms.

Move funds anytime

At any point, you can withdraw your funds directly back to your Bank or Coinbase account. There are no lockups, delays or wait times.