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Donut โ Invest your spare change in Bitcoin & earn interest 24/7
Donut is an iOS app that provides an easy way to invest your spare change in Bitcoin and earn real-time interest on your savings. Simply connect your bank, choose how to invest and start growing your digital wealth in under 5 minutes.
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Replies
Jay
Cool product! Is there support for the Apple Card?
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Maker
@jaybroni Hey Jay! We're working on adding that soon, you can check out our public roadmap here ๐https://bit.ly/2ynm8Qi
I love the concept and if the UI/UX is even close to the UI of the website I'm sold! (Hopefully coming to Europe as well ๐ช๐บ๐ฎ๐น :D)
@tatoalo thanks ๐ Big props to @dario_ferrando for the web design & @lemurf @maxtillich on the app!
I love how simple they have made the actual investment user experience, and you are up and running in minutes. The product design is clean, permitting you to really focus on what you have come to the app to accomplish. I do hope that future iterations will provide a dashboard view of your overall progress (e.g. ROI, trending data, day over day performance metrics, etc.)
Overall, pretty sweet!
@bruinrob11 thanks so much for your support and feedback. You read our minds! We've been busy designing, testing and building loads of improvements to help you track ROI, pricing & performance for both Bitcoin and Donut Savings. These features will be pushed in a new version of the app over the next month. You can check out our roadmap here: https://bit.ly/2ynm8Qi
@dan__spooner I love how you are evolving the product. You did not overwhelm new users (who might not have been familiar with cryptocurrency trading yet) with a lot of features they would not be well suited to use, you have allowed the product to grow with the customer, great approach. And somewhat related, sharing your roadmap with your customers (and stakeholders) is such a breath of fresh air, too often product guards this info from the people who can benefit from it the most. Sharing inspires confidence from your customers and lets them know you take their concerns seriously.
@bruinrob11 thanks so much for your kind words - much appreciated. As you said, we're working hard to bring new users with us on our journey.
The improvements to charting and performance coming soon are super exciting, we're just making sure we don't overwhelm new users alongside providing much greater insight.
Glad you like the roadmap! I take inspiration from Monzo for this - the masters in involving users in the product development process ๐ซ
Clean and simple UI makes this a great app for crypto newcomers and veterans alike! Looking forward to the Android app.
@bassbauman thanks for the love Bass! We'll keep you posted for our Android release ๐ค
Loved the demo I got by Jordan earlier this year! Wish I was a US citizen rn.
The day you launch in Europe, Iโll switch it all from coinbase :)
Looks great. Bring it to Europe! Tried using Argent but the ease and UX of donut looks so much simpler
@daniel_cheung thanks for your feedback! We'll definitely be bringing this to Europe in the future. Let me know if you fancy having a sneak peak of what you can expect in a testing session ๐ค
Great product. I signed up a couple of weeks ago and love the UI & design. Very interested to see the next steps and where this product is going!
Maker
@mathias_kl Thanks! Great to have you on and looking forward to the next steps too ๐
Any thoughts on bringing this to Australia? Would you know a rough timeline for this to happen? @dan_spooner ?
@blasabe great stuff! Let me know if I can help answer any questions or you have any feature requests :)
Congrats team Donut. Such an amazing product. Hope you come to Europe soon!
Gorgeous design! Whatโs the plan for accessing various crypto assets? Is there a plan for any beyond bitcoin?
@jasonzerbin thanks!
I have to give full kudos to @lemurf & @maxtillich for all things design.
Regarding more assets, that's 100% the direction we want to take Donut in. However, we're going to be selective in the assets we offer. We've already added Donut Savings (leveraging Compound) and we have more exciting ways to build digital wealth coming soon.
Here's a little more about the savings product: https://blog.donut.app/donut-sav...
Maker
@graup Hey Paul! Thanks for reaching out with a great question.
We have two product lines: one is an investment product for Bitcoin, the other (Donut Savings) is an interest bearing product which allows you to hold your savings in stablecoins to earn a higher interest rate than cash in a bank.
On Donut, we automatically convert your dollars to stablecoins and supply them to our partners at Compound (https://compound.finance/). In exchange for supplying your stablecoins to Compoundโs platform, you receive a real-time interest rate on your assets. The interest rate varies constantly, but has been as high as 5% APY in in recent months.
On Compound, your stablecoins become part of a global decentralized lending pool. Borrowers take out loans from this pool and pay an interest rate, which goes directly to your pocket in real time. We built the app so you can literally watch your Donut Savings tick up second-by-second as it generates interest 24/7.
We wrote a blog piece that covers Donut Savings in depth, but happy to answer any more questions here too ๐
๐ https://blog.donut.app/donut-sav...
@neelpopat thanks for the explanation! The blog post helped as well. Would love to try the app when it launches in the EU or Korea.
@neelpopat Donut Savings is a wonderful and elegant solution, onboarding fiat into the DeFi economy. I am curious, is there some sort of deposit insurance a lรก FDIC?
Maker
@daniel_de_sa Thanks Daniel that's exactly what Donut Savings does. FDIC insurance covers only USD on our platform and Donut Savings leverages the stablecoins. We supply these stablecoins to Compound which has it's own risks, but they mitigate this with extensive security practices and auditing. You can indeed read about their security here (https://compound.finance/docs/se...) and we are looking into ways to insure this even further!
Been using Donut since beta and love it so far! An awesome team and a great product with a ton of support, can't wait to see where this will go! Feel free to use my referral and get a free $10 to get started! https://donut.app.link/dante/i/3...
@dante142 Thanks for the feedback Dante - you're feedback has been super super useful - can't wait to ship what we showed you a week ago!
Hey Product Hunt,
I speak for the whole team when I say that weโre super excited to bring Donut to Product Hunt. As a group of product nerds, we're proud to share what weโve been building over the last year.
From day one, our goal with Donut was to create an investment app worth using. Our team believes that cryptocurrencies and DeFi are essential to our financial future and that everyone, regardless of crypto savvy, should have access to these asset classes. Some of the features we're most proud of include:
- Collect: round-up spare change from card purchases and automatically invest in Bitcoin
- Schedule: an easy, customizable tool to set recurring investments
- Donut Savings: earn real-time variable interest and grow your savings (leveraging Compound)
- Quick Buy: make a one off investment using a Debit card
Donut is currently available for iOS on the App Store in the US (excl. NY, WI, NJ and PA) and we hope you'll give it a try.
A big thank you to everyone who has tested and provided feedback on Donut. Weโve met many of you in person or more recently on Zoom and itโs been great to build Donut with you!
Let me know your thoughts and questions (or just say hi!) in the comments below. Neel and I will responding all day and look forward to hearing your thoughts on crypto and the future of investing.
Thanks,
Dan
@dan__spooner Damn, I skipped a few days of ProductHunt and missed the promo by a day ๐ฅ The savings product looks great though, so still going to try it out!
@iamramsey hey Isaac! Haha! Let me know how you get on and if you have any feedback we can bake into our future versions :)
