Leave a Review Linen
Not economically viable
To get started they charge a wallet deployment fee, which at time of writing is $77.48. They claim that this fee is charged by ethereum, not the app, but there are no fees to create an ethereum wallet, only deploying smart contracts, so they need to be more transparent about this cost.
The yields are incredibly low. For stable coins, they are currently between 2.34%-2.73% APY. For other crypto, they are between 0.11%-0.76%Show lessAsher McCall
Best defi wallet out there
By far best defi wallet out there. Easy to deposit funds, earn yield, and asset swap.SK131991
Apparently I haven’t reviewed this
To put it simply, Linen is awesome. It provides easy direct access to Compound DeFi to earn interest on deposits without having to deal with all the complexities that it usually involves.
Fortunately I was able to get in after briefly joining the wait list but I hope people can be patient and revisit Linen when they reopen to the public in the future.Show lessmrAssman
Developer Response
Thanks a lot for the kind words. We strive to be the best and easiest to use Ethereum and Polygon Wallet. We are open to the public. Thanks for being early.Best Wallet for someone new to defi
If you were looking for an easy on-ramp to the world of Decentralized Finance, the. This is it. You deposit from your bank (or transfer tokens from another wallet) and start earning interest right away. Currently earning between 7-9% APY for USDC, which is a token that is pegged to the US Dollar (aka stablecoin). You don’t have to worry about swapping, or dealing with exchanges, configuring gas fees, or any of the things that normally make it difficult for new users. They also recently added other Tokens to earn interest on. You can see how much potential there is for this app if they make it their mission to make DeFi easy and introduce more ways to earn money for tokens that you hold on your wallet.
Another great feature is the security they use. Instead of keeping your private key for you (and allowing them access to your money), the private keys are stored on your phone (aka non-custodial), so no one else has access except you. Normally, this would require you to write down your private key or a 12 word password somewhere . Linen has made it so that the private key is encrypted and stored for you (in iCloud and on your phone) so all you need is your regular phone security!
This is hands down the easiest wallet to use to earn interest on. Keep it going Linen.App team!Show lessiseeyoustaring
Easy to use!
The most user friendly defi app, perfect for people new to crypto. The interface is very clean and the app works without any bugs.
Thank you ❤️iriniusg
Developer Response
Hi, there! Thank you for the kind words! Our goal is to provide wallet that enables our members to build wealth in DeFi.Awesome service!!
I’m really pleased with my experience thus far and look forward to what the future holds! 😎Ed Carrington
Its all good in the Linen App
Using Linen App couldn’t be simpler. Does it take time for on and off boarding? Of course. Have I drawn between two and six HUNDRED times the 0.01% Bank of America is paying on my substantial saving account balance? Definitely.
Linen App is a start-up, there have been hiccups (so i gather from other reviews), but the real test is how those are addressed. Every interaction I have had with the team has led to outcomes matching their approach-positive and helpful.
Crypto returns for fiat folks with super low thresholds, thats a great idea. Matched with the convenience of an app.
Well done and thank you, Linen App Team!Show lessJack Paar
Developer Response
Hi, Jack: thank you for the kind words and for understanding that we are a startup! Our goal is to create the easiest onboarding to DeFi for those who are new to crypto finance and to earning yield in DeFi. We just released our new smart contract wallet with even easier onboarding, more robust backup/recovery of the wallet, and the USDC deposits from external wallets functionality. Additional things will be built on top of this new wallet. Please reach out to us and we enable you this new wallet.Good DeFi app for the non tech savvy
This is a good app for participating in the Compound platform on Ethereum from your phone. It is basically an Ethereum wallet backed up to iCloud for USDC that’s automatically linked to Compound. The beauty of the app Is that you don’t need to know what any of that means to make it work. A good way to get more interest on your dollars than you can from a bank or money market fund.Show lessDhjsjsmxmdjwkznsja
Developer Response
Thank you for your review! We are glad you like the app. We make it easy to invest in DeFi. Compound is our first pool and many more will come later. More wallet backup and recovery options will be added later, for example: social recovery and hardware wallet recovery.SV
Great idea for easy and safe investing right from high interests. Easy to navigate, and great customer service. Was approved within a day and linked my bank to start earning. Very exited!!!111970000
Developer Response
Thank you for the kind words SV! Glad you are enjoying the app and investing pin DeFi. Please keep in mind that DeFi investments, including Compound, are not insured. Please use in app chat if you have any questions.Love seeing my earnings!
Love the structure, easy, simple and great team behind the app the customer service is good in app and now just waiting for the DAI ☝️☝️Gabe-
