what's Nook?
Nook is a mobile savings application designed to simplify access to decentralized finance (DeFi) yields for everyday users. It allows users to deposit fiat directly from their bank accounts via Plaid integration, which is then converted to USDC and automatically allocated across curated DeFi lending protocols on the Base blockchain, such as Moonwell, Morpho, Aave, Seamless, and Spark. This setup enables seamless earning on stablecoin deposits without requiring users to manage wallets or understand complex DeFi mechanics, focusing on user-friendly features like auto-deposits, instant withdrawals, and no lock-up periods or fees. The app emphasizes self-custody and security, partnering with established protocols to optimize yields while mitigating risks through diversified allocations. Built by former Coinbase engineers, Nook aims to bridge traditional finance with crypto by democratizing high-yield savings opportunities, starting with support in the US and expanding to countries like Canada. It supports features like scheduled deposits and is preparing mobile app launches for iOS and Android to broaden accessibility. By leveraging on-chain money markets, Nook automates yield generation, compounding earnings in the background. This approach positions it as a gateway for mainstream adoption, allowing users to earn competitive returns on savings in a volatile crypto ecosystem without direct exposure to trading or speculation.
Nook's price rose 46% in 24h; Smart Money and Top 100 addresses increased holdings.
Links
x.com/nook_savingsIncreased 46% in price over the 24 hours ending on 2026-03-10.
Top 100 addresses increased their holdings by 2.21% during the 24 hours ending on 2026-03-10.
Smart Money wallets accumulated $510 on Base, increasing holdings 21.59% and price 10.3% in 24 hours ending 2026-03-10.
Participated in an interview event alongside builders from Blackbird, Farcaster, Zora, and others discussing onchain developments in 2025.
nook_platform is featured in Privy Wrapped event this Thursday with live demos and Q&A, confirming the platform builds on Privy infrastructure alongside projects like Zora, Farcaster, and others.
Partnership with Gauntlet announced for risk management of onchain economy, with Morpho serving as the underlying infrastructure.
Platform now powered by Morpho protocol and introduces earning functionality through this integration.
Steakhouse announces welcoming Nook users to their platform on Base.
Funding round of $2.5M completed, listed among recent raises in the Base ecosystem.