Traditional investors can avoid risks and the effects of inflation while they earn passive income from their digital assets with Streams mobile app. It is secured by Ethereum making it easy to use.
Streams mobile app was founded by CEO Kieran Daniels and CTO Dziugas Butkus in 2021. Streams previously raised $1.3 million in pre-seed funding and has just announced their highly anticipated private beta.
The mobile app is launching in summer 2022, but you can get early access now by joining the waitlist at streams.xyz.
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Where does the yield come from?
Unlike centralised products, such as Anchor Protocol or $UST – Streams is 100 percent non-custodial and secured by Ethereum. This means that each user personally controls their assets and does not rely on trusting a third party with their money.
Streams is also utilising the decentralised scaling solution Polygon to eliminate high gas fees, which are often a major blocker for new users.
“Most people are ready to use Ethereum and start earning passive income, but they don’t understand the risks or how to take their first steps. We are excited about Streams, because now there’s a way for everyday users to earn passive income without relying on sketchy third-parties.” – Kieran Daniels (, co-founder and CEO of Streams.
Streams mobile app provides a non-custodial platform
Streams mobile app is built on Ethereum which is a decentralised network and the backend is powered by Idle Finance (DeFi Protocol); Gnosis Safe (Multisig Wallet); Polygon Network (Layer 2 Aggregator); and Wyre (Fiat On-ramp).
The combination of these powerful products has created a delightful onboarding experience for beginners while also providing a secure, non-custodial platform to store their funds while earning passive income.
Kieran goes on to say, “Streams is not a ‘get rich quick’ product – we are focussed on helping users generate yield from decentralised sources such as Aave, Idle Finance, and other collateral-backed protocols. We built this product to perform the best in both a bull market or a market downturn.”
Finally, to address the difficulties most users have when first using blockchain products, Streams has focussed on creating a fondly familiar FinTech onboarding experience, with a focus on beginner education and risk assessment.
What is next?
The team recently announced their private beta and $50,000 launch giveaway at the Blockworks/Bankless conference, Permissionless 2022 – with a public release planned for this summer.
There is currently a waitlist to join the beta, but you can sign-up for early access and a chance to win up to $50,000 in prizes at streams.xyz.
– GLOBE NEWSWIRE, San Francisco
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