Lulo — your DeFi savings account

What is Lulo?
Lulo is a lending aggregator on Solana. It does heavy lifting for you by combining information from many lenders to find the bet yields for you. With so many things happening on Solana currently, it can be hard for a retail user to figure out the most capital-efficient way to deploy his funds. This is what Lulo aims to do — building your DeFi savings account. It not only maximizes your earnings but also saves your precious time.
How it works?
Once you have deposited funds, Lulo ensures that your money finds the highest lending rate. If, say, Kamino offers the best yield out of all integrated protocols, your capital will be deployed there.
But what if another protocol, say, Solend at some point starts to offer a better rate for lenders? Will you have to withdraw from Lulo and deposit into Solend? Not at all. Lulo does everything for you. It will check all integrated protocols on a regular basis (every 60 minutes). If there is a higher yield than your current lending rate, your funds will be automatically withdrawn and deposited into the dApp offering the better rate, i.e., Solend in this example.
You can deposit USDT, USDC and SOL among others. Minimum amount for stablecoins is $100; if you choose to deposit SOL, you have to provide at least 1 SOL.
Lulo deposit
You can view your active deposits in “Portfolio”.
Lulo portfolio
At the time of this writing, five apps have been integrated into Lulo. These are:
- Kamino
- Solend
- Mango
- MarginFi
- Drift
Why it matters?
OK, I see why Lulo is cool. But why Lulo matters? Tell me more.
- It’s cheap. There’s only one-time 0.025 SOL fee associated with using Lulo.
- Instant withdrawal. There is no 14- or 21-day unstaking period. You can always withdraw your funds.
- Inflation-resistance. In the world where US dollar loses its value due to inflation, traditional finance with its government bonds or CDs (certificate of deposit) don’t offer many options. With these financial instruments you can hope to break even with inflation at best. DeFi protocols, such as Lulo allows you to invest your dollars at a much higher rate.
- Easy to use. I love Lulo UI. I believe it has been designed to cater to crypto newcomers.

• You get points from the protocols as if you directly deposited into them, be it Kamino or MarginFi or any protocol integrated into Lulo.

Future plans
Though Lulo is an amazing product in its current form, the protocol aims to integrate even more Solana-based dApps. This will increase investment opportunities for users. Also, though I believe gradually more features, such as borrowing or swaps will be added to Lulo.
What to do with this information?
Go to Lulo website. Create your deposit and make your coins earn interest to you. You need only a few minutes and at least $100.
Conclusion
Lulo — lucrative, unique, liberating, outstanding!
- Lucrative. Earn higher interest with your digital assets.
- Unique. Easy to use DeFi savings account.
- Liberating. It does all heavy work saving your time.
- Outstanding. A truly outstanding product.