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Earn yield on your stablecoins, privately.
Raycash puts idle dollars to work. Deposit USDC or USDT, move it into a vault in the app and earn yield through Morpho, while your balance stays encrypted and your keys stay with you.
How earning works
- 01
Deposit
Send USDC or USDT from any chain. It converts to cUSDC, Raycash's confidential dollar.
- 02
Pick a vault
Before you put anything in, each vault shows its current APY, total value locked, minimum deposit, withdrawal time and privacy level.
- 03
Earn
Your deposit is supplied to a Morpho vault, which lends it to borrowers. The interest they pay is your yield, and the app tracks it as it accrues.
- 04
Withdraw
Move funds back to your balance whenever you choose, in the time the vault states up front.
Why earn with Raycash
Private by default
Your balance and the amounts you move are encrypted with the Zama Protocol, so they aren't public on the blockchain.
Self-custodial
The keys to your wallet stay on your side. Nobody at Raycash can move or freeze your funds.
One balance
Whatever you deposit becomes dollars, so there is one number to watch instead of a portfolio to manage.
Questions about earning
- What is stablecoin yield?
- Interest earned on stablecoins such as USDC by lending them out. On Raycash it comes from Morpho vaults, where borrowers pay interest to the people who supply the funds.
- How much can I earn?
- It varies. Each vault shows its current APY in the app, and that rate moves with demand for borrowing. We don't promise a rate.
- What are the risks?
- Yield is variable and not guaranteed. Vaults run on smart contracts and lend to borrowers, so a bug, an exploit or a stablecoin losing its peg could cost some or all of a deposit. Raycash is not a bank, and vault deposits are not covered by deposit insurance.
- How quickly can I get my money back?
- Each vault shows its withdrawal time and minimum deposit before you deposit, so you know the terms up front.
- Who can see how much I've deposited?
- Amounts are encrypted, so they don't appear on the blockchain. How hard a deposit is to link to you also depends on how many people use the same vault; the app shows this as the vault's privacy level, which rises as more people deposit.
- When can I start?
- Earn is part of the Raycash app, which is in early access. Join the waitlist and we will email you when the download is ready.
Get early access
Join the waitlist and we'll let you know when you can start earning.