So I js wanted to do more research on this and hear from people who use it regularly or in general tell me about your experience can I withdraw instantly do I have to wait etc how does the app work I have it downloaded and I wanna test it with 50-30 dollars if anything
This may be a dumb question since I've only been using the platform for a couple months now but how do you do an instant deposit (idk if you even can). Right now, I transfer money from my Chase checking account to Coinbase, wait for the money to settle, and after a week transfer to Nook. This takes a bit and I was just wondering if there is a way to go from a checking account directly to Nook. Thanks : )
I'm excited to share that we have officially entered a partnership with Gauntlet.
Our customers have told us they love Nook but have always asked us - how do we earn money? It's now (officially) through Gauntlet.
Gauntlet is one of our top curators. Since launching our first vault just five months ago - we have facilitated thousands of suppliers of liquidity into Gauntlet vaults on Morpho - with over $10M moved into Gauntlet vaults over time.
This partnership is designed to help the Nook team grow to reach more customers and support day to day operations. This arrangement is primarily a win for you, our customers. With this partnership, Nook customers don’t pay fees on transactions [or their earnings. Fees are only generated when they earn].
More background on Gauntlet
Gauntlet is one of the leading risk managers and vault curators in onchain finance.
Gauntlet was founded in 2018 by Tarun Chitra and Rei Chiang as a quantitative research firm building simulation infrastructure for early DeFi protocols. Eight years and several market cycles later, the team has grown into one of the most established risk and curation firms in onchain finance.
That foundation is rooted in academic research. Gauntlet has published 27 papers with over 1,000 citations, covering virtually every primitive in DeFi.
Gauntlet’s work is built around quantitative risk management. The team uses models, simulations, and market monitoring to help manage how capital is allocated across onchain lending markets.
Today, Gauntlet is one of the largest curators on Morpho, with lending vaults representing more than $1.6B in TVL across 50+ vaults, 15+ supported supply assets, and 8 networks. Gauntlet also works with major institutions and platforms across crypto and traditional finance, including Gemini, Apollo, Securitize and Morpho.
That is why Gauntlet has become an important partner for Nook. Nook is designed to connect customers to more earning sources. Gauntlet’s job is to help manage the risk and allocation behind those earning sources. Together, we can give customers access to better earning opportunities without asking them to become crypto experts.
More background on how the deal is structured
The revenue share agreement is designed to be a win-win-win among our customers, Nook and Gauntlet. Revenue is not generated for us unless our customers earn. Gauntlet will credit a reward to Nook based on the liquidity supplied through Nook to their curated vaults..
[This is not an additional fee paid for by our customers]. It’s already integrated into Nook from the start. The APY displayed remains the same. Net of fees. The rate you see is the rate you earn. No hidden fees to get between you and your earnings.
This revenue is then either passed back to the customer in terms of bonuses and boosts - or reinvested in the Nook platform.
How this benefits our customer
Customers want transparency and a clear understanding of how Nook operates.
This level of transparency is how we have connected with our customers here on Reddit and beyond - and have grown to tens of millions of dollars in deposits. So that’s why we are excited to partner with Gauntlet - but also - share this with everyone.
Joey
CEO, CoFounder of Nook