Brazilian Neobank Picnic Launches Self-Custody Savings with On-Chain Yield and Insurance
Brazilian Neobank Picnic Launches Self-Custody Savings with On-Chain Yield and Insurance
🏦 Brazilian Banking, Reimagined
Brazilian neobank Picnic has launched a savings feature that combines on-chain yield generation with decentralized insurance coverage while maintaining full user custody.
Key Features:
- Users earn yield on dollar holdings while retaining complete self-custody
- Insurance coverage provided on-chain through Nexus Mutual via OpenCover
- Built on Gnosis Chain
- All functionality integrated into a single application
The product represents a practical implementation of decentralized finance principles within a traditional banking interface, allowing Brazilian users to access crypto-native financial services without sacrificing control of their assets.
Brazilians holding dollars can now: - Earn yield. - Stay in full self-custody. - Have the position covered on-chain by @NexusMutual via @OpenCover. One app. Live on @gnosischain. While fintechs pitch, @usePicnicBR ships. Put your dollars to work now.
Hoje o Picnic entrega algo que nenhuma fintech do mundo fez antes. Rendimento DeFi. Cobertura on-chain. Autocustódia total. UX 1:1. 5 protocolos. 1 stack. Zero buzzword. Apresentamos a Caixinha Protegida. 🧵👇
A savings tab in a Brazilian neobank. The yield is on-chain. The cover is on-chain. The custody never leaves the user. Quietly the most interesting kind of normal. @usePicnic, @OpenCover, @NexusMutual.
Picnic is a leading neobank built on blockchain rails, offering a @gnosispay @Visa card with some of the lowest rates on the market. Launched in the largest market in LATAM (Brazil is 1/3 of regional GDP), the new Caixinha savings, available exclusively in the Picnic app and
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