A non-custodial mobile wallet that utilizes a liquidity direction protocol to provide decentralized finance (DeFi) yields for neo-bank users. This platform enables users to earn interest on their assets without relinquishing control of their funds, addressing the need for accessible yield generation in the digital finance space.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Neo-bank users often lack access to decentralized finance (DeFi) yields directly within their banking applications. Existing solutions may require users to relinquish control of their assets to third parties in order to earn interest. This creates a barrier to entry for users seeking accessible yield generation in the digital finance space.
Solution
Alluo provided a non-custodial mobile wallet that aimed to integrate DeFi yield opportunities for neo-bank users. The platform utilized a liquidity direction protocol to enable users to earn interest on their assets without relinquishing control of their funds. By connecting to various DeFi protocols, Alluo sought to offer a seamless experience for users to access and manage their digital assets while participating in yield-generating activities. The mobile application aimed to simplify the complexities of DeFi, making it more accessible to a broader audience of neo-bank users.
Target Audience
The primary target audience was neo-bank users interested in earning DeFi yields on their digital assets without sacrificing control over their funds.
Features
- Non-custodial wallet, giving users complete control over their private keys
- Liquidity direction protocol for optimizing yield across multiple DeFi platforms
- Mobile application for iOS and Android devices
- Integration with Uniswap v3 pool for ALLUO token holders to exchange their ALLUO for USDT