Snowball Money, an intuitive savings app, harnesses DeFi to offer users competitive interest rates.
Founded in 2018 by Parul Gujral, Snowball Money aims to disrupt and compete with traditional banks. By leveraging high-yield stablecoin vaults, Snowball allows users to get a competitive interest rate on their savings through decentralized finance. Where Snowball Money stands out from other DeFi savings platforms is that the application shows your interest being generated in real-time and this return automatically compounds, giving users compounded returns on their savings.
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