Best For

      Retail Lenders
      Market Makers
      Privacy Focused Users

Nuo Network is a decentralized debt marketplace built on an Ethereum based protocol. Peer-to-peer lending powered by smart contracts enable users to earn interest on their crypto assets.

Nuo Network Interest Account - 2020 Comprehensive Review

Overall Score:

8
Trusted
Global Access:
10 of 10
Interest Accounts:
7.5 of 10
Ease of use:
6.5 of 10
Trust:
7 of 10
Fees & Rates:
10 of 10
Support:
7 of 10

Nuo Network Interest Account Overview

APY Rates0.00% - 0.03%
Interest Earning AssetsUSDC, DAI, WBTC, ETH, TUSD, MKR, ZRX, REP, SNX, KNC, LINK
Rate VariabilityHigh Variable
Earn Interest onStablecoin, Crypto
Deposit Amounts$1 - $200,000
Payout FrequencyDaily
Lockup TermsFlexible
Compound InterestNo
Network TokenNo
Token BenefitNo Token
Platform TypeDecentralized Lender
Deposit InsuranceFalse
Credit checkNo
KYC CheckNo
Platform FeesNo Fees
Supported RegionsAll Countries
Excluded RegionsSanctioned Countries

Nuo Network Interest Rates (APY)

Earn OnAPY Rate
USD CoinUSDC0.03%
DAIDAI0.00%
Wrapped BitcoinWBTC0.00%
EthereumETH0.00%
TrueUSDTUSD0.00%
MakerMKR0.00%
0xZRX0.00%
AugurREP0.00%
Synthetix NetworkSNX0.00%
Kyber NetworkKNC0.00%
ChainlinkLINK0.00%

Nuo Network Interest Account Alternatives

Rating8/107.5/107.5/10
Best Stablecoin APY RateUSDC 0.03%USDT 5.18%DAI 16.16%
Locked TermsFlexibleFlexibleFlexible
Payout FrequencyDailyDailyWeekly
Compound InterestNoYesNo
Deposit InsuranceNoNoNo
KYC CheckNoNoYes
Credit CheckNoNoNo
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • Fees - There are currently no platform based fees when using Nuo Network.
  • Transparency - Nuo Network smart contracts are open source and publicly verifiable. Every transaction on the platform is recorded on the Ethereum blockchain.
  • Non Custodial - User funds are held in decentralized smart contracts. At no point does the Nuo Network team or platform itself have custody of user crypto assets.
  • Privacy - Using Nuo Network does not require account creation or any personal documents. The platform can be accessed from any location in the world without restriction.
  • Community Support - The team is easily accessible for questions in their Telegram & Discord channels.
  • Custom Debt Reserves - Users can create debt reserves of any time duration using the funds in their Nuo account. There are no lock-up periods and funds can be withdrawn at any time.
  • Institutional Backing - Nuo Network has captured the attention of several prominent VCs whom have recently invested in the team behind the protocol.

Cons

  • Not Insured - Nuo Network is not licensed or regulated. Smart contract held crypto asset balances are not insured.
  • Not For Beginners - Nuo Network is non custodial. This means that users must be able to operate individual crypto asset wallets and maintain responsibility for their private keys. Blockfer recommends centralized interest platforms for beginners as the lending process is considerably more straightforward.
  • Variable APR Rates - Interest on debt reserves are paid on a daily basis. These rates are subject to change based on supply and demand, making it difficult to predict long term interest APR on lent crypto assets.

Frequently Asked Questions

Is Nuo Network safe?

Does Nuo Network have a token?

What trading options are available on Nuo Network?

Does Nuo Network require users to KYC?

Is Nuo Network a regulated platform?

Summary

Nuo Network is an innovative peer-to-peer debt marketplace powered by Ethereum smart contracts. Users can lend and earn interest on 10+ crypto assets at variable APR rates with no fees or asset lock ups.

The team behind the Nuo Network platform has recently raised several million USD from prominent VCs in the blockchain space. It is quite clear that there is institutional level confidence in the progress of the platform.

Blockfer does not recommend Nuo Network for beginner level users. The platform requires operational knowledge of Ethereum supported wallets and private key ownership. For more advanced users seeking to earn interest on their crypto assets without compromising privacy, Nuo Network is an option worth considering.

We remind our audience that the Nuo Network platform is experimental technology still in its early stages. Users should proceed responsibly and not lend more than they can afford to lose.

Learn More Best Features

Nuo Network Official Website

  • No KYC required to earn interest on stablecoins like USDC, DAI, and TUSD.
  • Supports Ethereum protocol tokens like SNX, ZRX, MKR, and many more.

Legal & Regulation - Facts & Figures

Legal Name Nuo Capital Pte Ltd
Incorporated Country Singapore
Headquarters Mumbai, MH India
Year Founded 2018
CEO Varun Deshpande
Total Employees 2-10
Regulators Not Regulated
Links Website, Crunchbase, Source code, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The interest product providers found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our interest product reviews and comparisons include: APR rates, compound interest, available assets, terms and fees, and deposit amounts.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

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