unflat.finance is a European fintech app that makes decentralized finance accessible to everyday savers by offering on-chain protected deposits. Users deposit USDC through a regulated partner, earn variable yields of up to 7% annually via the audited Morpho lending protocol, and can withdraw anytime without fees. The platform features a non-custodial smart wallet with key sharding technology, eliminating the need for seed phrases or crypto expertise.
Funding
Funding not disclosed
Founders
Product
Problem
European savers earn minimal returns on bank deposits—averaging barely 1.5% annually—while banks deploy those same funds to generate 4-7% returns. Decentralized finance offers higher yields but was built for experts, requiring technical knowledge of wallets, gas fees, and blockchain mechanics that most retail investors lack.
Solution
unflat.finance bridges the gap between retail savers and DeFi by providing a simple mobile app that handles all technical complexity behind the scenes. Users deposit USDC through Coinbase, a regulated MiCA-licensed exchange, and funds are automatically supplied to over-collateralized lending pools on the Morpho Protocol, where interest accrues every second. The app creates a non-custodial smart account using Privy's key sharding technology, allowing login with email and biometrics instead of seed phrases, while ensuring users retain full control of their funds. Deposits can be withdrawn anytime with no lockups or fees, and an optional on-chain cover through Nexus Mutual protects against exploits, oracle failures, and depeg events.
Target Audience
Primary customers are European retail savers seeking higher yields than traditional bank deposits without needing crypto expertise, as well as conservative investors who value transparency, verifiability, and on-chain protection.
Features
- Non-custodial smart account with key sharding in Trusted Execution Environments, eliminating seed phrase management while keeping user control
- Integration with Morpho Protocol, which has over $10 billion in deposits, 25+ independent audits, and zero funds lost since launch
- Over-collateralized lending model requiring borrowers to lock at least 150% collateral, with automatic liquidation protecting lender funds
- Optional Nexus Mutual on-chain cover for technological risks including exploits, oracle failures, and depeg events
- Auto Saver feature for recurring deposits and Future Projections tool for visualizing compound growth
- No gas fees, no external wallet configuration, and fiat on-ramp through Coinbase's regulated MiCA-licensed infrastructure