Ramp

Wow what a world we live in where simultaneously APY on normal checking accounts is close to zero yet crypto is giving unheard of returns. Love how easy this makes it to safely stake and get real returns for my money. Curious why everyone hasn’t already shifted out of normal checking accounts?

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3yr ago

Brian K

Thresholds

Maker

@davefontenot Thanks for checking us out! We're curious on that too! We believe it's only matter of time before people wake up to the potentials possible through crypto which is why we've built this. Checking account is just the first step!

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3yr ago

Shei

Thresholds

Maker

@davefontenot Great question! Probably because banks don't have any incentive to change, thus making it very inconvenient for anyone to get a decent yield on their dollar. Hopefully, we can force some change on the incumbents :)

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3yr ago

Spencer Yen

Looks awesome, congrats @kcshei on the launch! Will be using it :)

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3yr ago

Shei

Thresholds

Maker

@spenciefy Thanks so much Spencer, let me know what you think about it :)

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3yr ago

Ryan Hoover

Product Hunt

Big fan of companies simplifying DeFi and making crypto more accessible. Curious how this compares to Blockfi, Donut, and a few others?

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3yr ago

Shei

Thresholds

Maker

@rrhoover For sure! We want to integrate Thresholds into the day to day life of consumers, so users will be able to pay bills, get direct deposits, and use Thresholds like a regular checking account so they can conveniently access the high yields of DeFi without sacrificing accessibility. (Most people use BlockFi and Donut just as a place to park their funds) We also have some interesting integrations planned, that will let Thresholds become the bridge between the real world financial system and the Web3 world.

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3yr ago

Brian K

Thresholds

Maker

@rrhoover Wow Ryan thanks for the comment, it's a big honour! We're well aware of the competition in the space but we believe this is a big market just like how there are numerous banks in US & exchanges for crypto. That being said, our first real difference is the checking account. We're not trying to compete on the highest yield here. Rather it's more about functionality and liquidity of your cash. You'll have a regular checking account like you're used to where you can pay bills, make deposits, send wires -- except it'll earn you high yield interest in crypto. BlockFi and Donut etc are more like savings account right now and they don't offer much banking functionalities. Second difference we'll introduce later once the first one is established but it'll sort of be like a "plaid for web3" play where we truly start to connect web3 services.

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3yr ago

mr harun

@kcshei Wow, those are pretty good numbers in percentages. I like what this app is for, and I'm pretty sure it will come in handy because I'm planning to get serious about bitcoin. Cryptocurrency didn't play a significant role or mean much to me before until I started getting involved in mining and investing in bitcoin. I found an interest in it last year and am still using different strategies to multiply this resource. What helps me with such a hard thing is this article which has all the information about cryptocurrencies and how they are created. The whole system of cryptocurrency is at https://bitcoinbuy101.com.

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3yr ago

Thresholds

Earn up to 6% on your USD, paid daily in Bitcoin