Fintech
Crypto

Simplifying Crypto Interest Savings

See how ULAM LABS helped Mooney launch a secure crypto savings app. Read the case study and start building your fintech success.

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The challenge

In the crypto FinTech sphere, security threats like fraud, password theft, and infrastructure attacks are prevalent. Ensuring top-notch security was paramount, encompassing: - Two-factor authentication (2FA). - Secure AWS infrastructure (VPC). - Role-based access for developers - Email alerts for account activity - MPC-CMP private key protection (Fireblocks integration) - Partnerships with trusted, certified providers

What we delivered

The Mooney mobile app includes essential features like registration, ID verification, and 2FA, all within a user-friendly interface developed using Flutter. Post-registration and KYC verification, users can deposit cryptocurrencies into a Fireblocks-secured wallet, making their funds eligible for investment and monthly interest earnings.

Overview

Mooney empowers users to earn interest from their cryptocurrency savings, offering a straightforward platform for assembling a portfolio of crypto assets. Designed with simplicity in mind, the app caters to beginners looking to achieve a 10% annual return on their cryptocurrency investments.

Sector

Fintech / Crypto

Product type

Simplifying Crypto Interest Savings

Timeline

Q1-Q2 2021

Background

Mooney introduces an accessible way to build a crypto asset portfolio and earn monthly yields. The app stands out for its simplicity, intuitiveness, and transparency, making it ideal for novice investors.

Scope of Work

What we delivered

Backend development

Frontend development

Deployment

Backend development

Frontend development

Key features

Institutional Borrowing — Assets are lent to reputable institutional borrowers, generating the yields paid to users.
Fireblocks Integrations — Boosts transaction speed and security, safeguarding against cyber threats, collusion, and errors.
Monthly Statements — Automatically generated reports detailing transactions and profits, accessible to users at any time.
Yield Generation — The core app feature enabling users to earn monthly profits from their USDC investments.
Digital Wallet — Allows users to deposit and invest funds, with real-time balance visibility and easy withdrawal options.
KYC Verification — A crucial step for depositing funds, integrated smoothly with Persona to ensure compliance and security.
Two-factor Authentication — Enhances security without being mandatory, offering an optional layer of protection for users' digital assets.

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