A European problem, a simple solution
If you're European with savings, the reality is discouraging. According to ECB data, the average annual return offered by major banks on deposit accounts barely exceeds 1.5%. Meanwhile, those same institutions deploy your liquidity into operations generating 4 to 7% returns. The gap between what you earn and what the bank earns with your money is significant. Until now, you had no real alternative.
In 2023, we observed a clear trend: decentralized finance (DeFi) was maturing rapidly. More and more institutions – from investment funds to banks – were entering this market, using audited lending protocols with billions of dollars under management and a solid track record. But nobody had made these tools accessible to retail investors in Europe.
The question was inevitable: how can a retail investor access a more profitable and technologically advanced market, without needing specialized technical knowledge?
unflat: not a bank, not a crypto app
unflat is a bridge between retail investors and the world of decentralized finance. It makes accessible to everyone what previously required advanced technical skills. Here's how it works:
- You deposit USDC via a regulated partner (Coinbase)
- Your money works inside a secured lending pool (Morpho Protocol)
- Interest accrues every second, visible in real time in your app
- You earn up to 7% per year (historical average, net of unflat fees). Returns are variable and depend on market conditions
- You withdraw anytime. Funds return to your wallet within minutes
No external wallet to configure, no gas fees to pay. Your wallet is created automatically by the app and security keys always remain under your control. Just a simple interface showing how much you've deposited, how much you're earning, and letting you withdraw at any time.
Why it works
Morpho Protocol: a decentralized lending protocol with over $5 billion in Total Value Locked (TVL), the total value of funds deposited by users. Audited over 25 times by the world's top security firms (Trail of Bits, OpenZeppelin, Spearbit). Zero exploits in over 2 years of operation. Borrowers on Morpho are required to deposit collateral worth at least 150% of the amount they borrow. This doesn't concern you as a saver, but it protects your funds.
Account Abstraction: a next-generation technology that radically simplifies blockchain interaction. In practice, it eliminates the need to manage cryptographic keys, manually sign transactions, or pay gas fees. You see a simple, intuitive app. Behind the scenes, a smart account securely holds your funds.
unflat never has access to customer funds. Savings are held in a non-custodial wallet: the security keys always remain in your hands, accessible and exportable at any time.
Who we are
Alessandro, CEO & Co-founder. Previously at Conio (Bitcoin wallet) and KPMG, with a background in SDA Bocconi.
Giacomo, COO & Co-founder. With a background in fintech and business development (Bocconi).
Both B4i Alumni (Bocconi for Innovation), selected for the Tech Europe Foundation (TEF) program.
Follow us on LinkedIn for product updates and accessible DeFi content → linkedin.com/company/unflatfinance
The vision
We want to democratize access to decentralized finance for retail investors. We believe that tools capable of generating historical returns of up to 7% shouldn't remain a privilege for the technically skilled. With unflat, you have total control of your funds: everything is visible, verifiable on-chain, without having to trust anyone.
The technology for better returns already exists. unflat finally makes it accessible to everyone.
Want to see how it works in practice? Discover the mechanics behind unflat → unflat.gitbook.io/unflat-docs