Introduction

Brew Money is the simplest way to grow your crypto without giving up custody of your crypto assets. It is a Non Custodial Wallet that makes it easy to invest in bluechip DeFi protocols.

With Brew Money, you can select a DeFi protocol, specify the amount, and it will be debited through Apple Pay and deployed on the protocol earning yield. When you make the deposit, your money is converted into stablecoins such as USDC or other crypto tokens and deployed on blue chip DeFi protocols such as Aave and Balancer.

How Is Brew Money Different?

Unlike other crypto saving apps, Brew Money is non-custodial. This means you’re in control of your assets

We don’t take custody of your funds. Instead, we make it simple for you to invest your crypto in the bluechip DeFi protocols such as Aave and Balancer. In contrast to other options, you known exactly where your crypto is being invested into, what kind of returns you can expect, and what risks you are taking.

In short, this is the simplest and the most transparent way to grow your crypt assets.

What is Self Custody?

Your ownership of crypto assets is maintained through something called public private key cryptography. The public key is the wallet address and the private key enables you to verify your ownerships. Self-custody signifies that only you have control of your private key and hence possession of your crypto assets. In contrast, when you use a centralized institution you are entrusting your assets to them.

What is DeFi?

Financial services are typically facilitated by institutions such as Banks, Exchanges, and Brokerages. DeFi or Decentralised Finance is a blockchain-based form of finance that does not rely on central intermediaries. In DeFi, instead of large institutions, open-source programs called smart contracts that execute on blockchain networks enable these financial services.

DeFi is a whole new world and Brew Money is the fastest way to get on it.

Why is DeFi Intriguing?

1. Anyone can participate: Traditional Finance has gatekeepers and opaque rules that decide who can access the services offered. In contrast, DeFi is open to all. Anyone with a cryptocurrency wallet can participate in DeFi. DeFi is Permissionless.

2. Anyone can verify: Open Source code enables DeFi. These codes self-execute on the Blockchain Network, and anyone with the right technical skills can verify the correctness of the services offered by DeFi Protocols. DeFi is Transparent.

3. Anyone can build on DeFi: Builders overcome multiple hurdles to innovate with traditional finance. In DeFi, engineers can create new services by using existing DeFi protocols. DeFi is Interoperable.

4. Anyone can access DeFi without sacrificing privacy: People go through extensive KYC to avail of services from traditional financial institutions. In DeFi, these services can be accessed under pseudonyms instead of real identities. DeFi is Pseudonymous.

5. Anyone can access DeFi without giving up custody: Customers only have access to their money kept in banks, but the absolute custody lies with banks. DeFi services interact with smart contracts, and no intermediary is involved. Users have complete custody of their funds through their cryptocurrency wallets. DeFi is Non-custodial.

6. Anyone can access DeFi without trusting a third party: Customers need to trust their bank to keep their money safe. In DeFi, smart contracts handle funds & remove the need to trust any intermediary. DeFi is Trustless.

How are Yields Generated?

The yields are generated based on the DeFi protocol you are putting your money into. For instance, when you deposit into Aave, a lending protocol, your fiat is converted into a stablecoin USDC and lent out to crypto native entities such as Ethereum validators and crypto traders who use crypto tokens as collaterals to take out loans. All loans are over collateralized.

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There are other protocols where you can earn yield by providing liquidity into decentralized exchanges and getting rewarded for it.

How To Make a Deposit?

Brew Money currently supports deposits only via debit cards - VISA and MasterCard through Apple Pay. They are adding more methods to deposit funds into DeFi Protocols integrated with Brew Money App.

When you initiate a deposit, your fiat is first converted into a crypto tokens such as USDC or Matic and then deposited into the DeFi Protocol you have chosen. They work with leading and compliant on-ramp partners such as Wyre to convert fiat into crypto. You can withdraw your funds anytime. There is no lock-in.

If you want to grow your crypto, DeFi is the answer for you. But even for this transparent platform, you should know about the risks involved before you dive in.

Brew Money tackles a lot of these risks by managing private keys on your device. But it does not guarantee complete immunity.

They work with DeFi Protocols that have a long track record and have undergone independent security audits to reduce any software risks.

Reduce custody risk by backing up your seed phrase. Ensure there are no malwares on your device.

A loss in the value of a protocol’s crypto assets can severely affect your deposits. To reduce this risk, they work with assets that have good long-term prospects.