Donut 🍩
@donutapp
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Donut has closed. Thank you for being part of our journey.
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Joined June 2018
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Pinned Tweet
Update:
The deadline for all users to complete their withdrawals is August 31st.
For any account with an outstanding balance after this date, we will issue a digital or physical check using the information on file.
As of today, we are also retiring our X and Instagram
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Ok, ok, we love some other people too…
Like Keanu Reeves and our folks at
@anchor_protocol
who helped us run a sweet APY party.
We’ll introduce you to our friends in the coming days! 👋
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The results are in and we are 100% that app.
The Donut beta is live and the sats are stacking 🍩!
👉 Check it out
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Thank you for your continued patience, understanding and words of encouragement.
Starting today, and every Tuesday and Friday until a resolution is reached, we will publish updates to our FAQ with the latest material information available.
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Update:
The bankruptcy plan is now in effect, and we've successfully recovered 100% of your funds, which we're preparing for withdrawal.
To ensure system stability and adherence to payment processor limits, we'll use a gradual distribution process in which withdrawals become
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Update:
We are in the final stages of recovering and returning your funds from Genesis.
Within the next week, we expect to be able to confirm a 100% recovery for Donut users.
Soon thereafter, we will provide instructions on how to prepare your account for distributions.
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Our team has been hard at work over the past weeks & we’re proud to announce our newest feature: Donut Savings 🎉🎉🎉
1️⃣ Add funds
2️⃣ Earn interest in real time
3️⃣ Cash out when you want
As simple as 1,2,3.
Thanks to our friends at
@compoundfinance
for helping make this easy!
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Update:
Based on advisor estimates, we expect a 100% recovery of funds and distributions to begin in July.
To ensure a smooth withdrawal process, please confirm your bank account.
Going forward, we're transitioning to an as-needed schedule and will publish updates when
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💸 We've still got $50 up for grabs this holiday weekend 💸
- Tweet us or reply to this tweet
- Tag a friend to enter the lottery with
+ we'll automatically enter you in for the win ⚡️⚡️⚡️
#donutapp
#giveaway
#giveawayalert
#cryptogiveaway
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⚡️GIVEAWAY⚡️
It's been a crappy month. We wanna try cheer some people up
We've got $100 up for grabs 💰
Share your
#stayathome
hacks with us
👉 RT this tweet + COMMENT telling us your top survival tip for getting through lockdown
(T&C's in thread)
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What's new, hot and fresh on the App Store??
🥁🥁🥁
Donut is now App Store official! 🤩
👉 Check it out
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Update:
We can now confirm a 100% recovery of funds.
We understand you're eager for updates and appreciate your continued patience. We're working diligently to move this process forward and will notify you when withdrawals are ready.
To ensure a smooth withdrawal process,
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Today we’re excited to announce that Save now has a protected base APY of 5%!
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So we've been thinking...
... about how much you guys deserve a boost.
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We’re always getting a little bit egg-stra around holidays. But a holiday that combines decorating, hunting, and feasting? We're all in.
Hop into the app to unlock +2% APY for 12 days. One day for each egg in the carton.
Activate the boost before April 18th, 11:59 PM PT.
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We know you love boosts. And so do we. All the sweet messages you’re sending us are truly heartwarming. ❤️
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Make sure you've got enough funds tomorrow if you wanna boost like crazzzzy. 👀
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Update:
The outstanding issues preventing the Plan effective date are resolved and distributions are imminent.
Your recovery value remains unaffected; the 100% recovery is still secure.
To ensure a smooth withdrawal process, please confirm your bank account.
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Update:
The UCC has largely completed their diligence, an effort that seeks to maximize creditor recoveries.
We expect the next few weeks to focus on optimizing and improving the structure of the existing Term Sheet, and then finalizing the PSA.
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This Thursday marks 100 days to Christmas, and we’re launching another no withdrawals challenge!
We’ll kick off on Thursday with a +20% APY one day boost for everyone! If you make it all the way to Dec 25th without withdrawing, we’ll make it +100% APY 🥳.
Challenging enough?
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You wanted it.
You got it.
8% APY is out there in the wild, so how’s everyone feeling?
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Hello world 👋🏼 - sorry we've been AWOL recently. But, we've been busy building 🏗
We are announcing today:
🇺🇸 We are launching in the US!
🍩 Our new website,
👨🎨 A new look brand
🚀 A little about our beta launch product
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Raise your hand if you've had no withdrawals since September 16th 🙋♂️🙋♀️
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To do our part in the battle against
#COVID19Pandemic
, we're joining up with
@TheGivingBlock
for
#cryptoCOVID19
💪
Every RT this post gets we'll DONATE 30,000 SATS to help the nonprofits fighting on the
#coronavirus
frontline, like
@SavetheChildren
@nokidhungry
&
@TeamRubicon
✨
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Update:
The hearing began as expected on November 7th, and will continue on November 14th.
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Update:
The Steering Committee in partnership with Genesis, DCG, and our respective advisors, has reached an in-principle agreement on the terms of a restructuring plan.
Learn more in our Market Update:
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We are thrilled to announce our $1.8M Seed round ✨🎉
This brings us closer to our vision of democratising access to digital assets and making investing effortless for everyone.
Read more here 👇
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Donut lovers, THANK YOU! We’re extremely grateful for having grown such an active and engaged community. Your support is truly heartwarming and we appreciate the ways in which you help us build a forward-looking product!
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We’re hosting a 13 week party and you’re invited!
To celebrate the arrival of Fall, we’re announcing our biggest Boost campaign, ever…
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To the waitlisters, the early adopters, the beta testers, and our growing community of users, thank you all for making Donut what it is today. 🙌
We're thrilled to announce our
@ProductHunt
debut!
Check it out 👉
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Update:
Houlihan Lokey has begun introducing a plan to resolve the liquidity issues at Genesis and DCG.
All assets that were with our non-Genesis lending partners remain available for withdrawal.
Learn more about plans and timing in our Market Update.
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Let the boosts begin!
Kick off Fall Fridays this week with a +4% for 4 days boost when you open your app on Friday.
That's it. That's all you gotta do!
Of course, you could invite a few friends and boost your APY even more, but you wouldn't want too much APY, would you?
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Update:
Genesis maintains their intent for the Plan Effective Date to occur during the week of July 8th.
We expect to start distributions shortly after the Plan Effective Date.
With respect to the upcoming holiday, our support team will remain available throughout the week
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New year, new Donut! We've got some pretty amazing plans for 2022. Cannot wait to share them with you! ❤️
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Today, we’re introducing our latest upgrade to Save, the opportunity to earn 6% APY when your balance reaches $5,000 🎉
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Update:
We're pleased to report that the withdrawal process has kicked off.
While we can't provide an exact date for your specific withdrawal, we're moving as fast as we can while ensuring everything remains secure.
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You’ve been dreaming of higher APY. Time to wake up!
Donut’s guaranteed interest rate on the Grow plan is rising from 6% to 8% in early February.
We’ll tell you more about it next month. All users with a balance of $5K will join the new Grow club.
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The word is out! Donut Fixed lets you earn 4% fixed APY in real-time, plus it's super easy to use.
For those of you who want a little more predictability in your DeFi yields, check out our latest way to grow your wealth better with Donut 🙌
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We moved into 🏠 Donut HQ 2.0 last week:
- Huge and bright space on the top floor
- Views over Berlin
- Endless Club Mate supply
We still have a few empty seats ... come join us!
👉
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Happy Labor Day! Today we’re celebrating your hard work and achievements! 💪
Our goal is to provide you with the safest earning experience in DeFi so you can reach financial independence.
Thank you for trusting us with your hard-earned dough!
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2 days left 🤩
We’re excited to serve you the most delicious snack. Are you? ARE YOU?
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1 day left til you can unwrap your +20% APY gift! 😳 We’re hyped. Are you?
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Updates:
We've aligned with 2 other large creditor groups and appointed a joint financial advisor, Houlihan Lokey.
No timelines, but we continue to have positive dialogue.
Withdrawals for all funds not on Genesis will be opening soon (within 10 days).
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The first Fall Friday boost is ready for activation!
Open your app to earn +4% APY for the next 4 days 🍃
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We prepared something special for you... Keep an eye out tomorrow! 👀
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It's Monday.
And you're getting a +5% APY boost.
For two more days.
Conclusion:
Mondays can be good.
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To the Outliers, the savers, and the Glazed-Classic lovers, we want to say a huge THANK YOU 💛💛💛💛
It's been three *very* busy months since Donut went live in the App Store, and this week our community of outliers crossed the 1000 user mark!
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The bakery is continuing to run smooth and deliver high APY as usual 👍
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Donut Claus is coming to town… With a +20 APY for all users and a +40% APY reward for Holiday Hundred participants! ✨🔔
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5/ Thank you for your patience 🙏
We've updated our live FAQ, here's the TLDR:
Grow: Max balance loss of 15%, services remain paused
Build: No loss to balance, services resumed
Save: No loss to balance, services resumed
We will have more updates soon.
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Tomorrow we'll kick off Holiday Hundred, our newest no withdrawals challenge! At our first stop, Day Zero, all of our users will get a +20% APY boost for 24h simply by opening the app. 🔥
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Update:
We put forward 2 new proposals this week, the last of which was Thursday night.
The window for understanding the next step is small ( ~ 7 days).
Despite the week’s noise, we remain solely focused on you and a resolution.
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Update:
Following the court's confirmation of Genesis' Amended Joint Chapter 11 Plan, the next step is for the Debtor to submit the Confirmation Order for the Judge to sign.
We understand the submission will likely happen later today or by next week.
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Update:
The first-day hearing was positive.
We continue engaging in productive conversations and working towards an agreement.
We are seeking to provide a more material update by the end of this week.
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Crypto investing is broken. Today we are giving you a sneak peak of Crypto Collections to fix this 🍩.
@trydonut
#trydonut
#crypto
#investing
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Hey everyone - it's Friday. We did it again. High fives all around! 🙏
The last few weeks have been a bit... much. Now it's time to take a few days to sit back, relax, and crack open a can of cold hard APY.
Open the app to unlock +5% APY for 5 days.
#donutapp
#donutboost
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1/ To our Donut Community
Over the past days, you may have heard that the UST stablecoin depegged from the dollar.
This was unprecedented, and has caused incredible volatility in the DeFi market.
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Today, it’s a donut a day that keeps the doctor away. To celebrate National Donut Day we’re giving everyone +5% APY for 24 hours.
We’re also celebrating a year of boosts. A boostiversary. Here’s to many more years and many more boosts!
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The tape has leaked and there's no more hiding it: Donut is the easiest way to invest in crypto 🚀
Learn more on
@ProductHunt
👇
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At last week’s
@GermanAccelerator
forum in New York, our CEO
@theneelpopat
finally realized his lifelong dream of wearing a
@TEDTalks
headset 🎤
(he also presented
@donut_app
to a room of industry leaders and crushed it) 👏 👏
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Today marks the halfway point of meteorological summer, and we're predicting nothing but clear skies and high APY.
Open your app to celebrate Midsummer with us and earn +5% APY for the next 5 days ☀️
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Update:
We continue collaborating with our payment processor to ensure a smooth and secure distribution process.
This required some additional build from our side which we have completed.
During the next week, we will provide further instructions on how to prepare you account
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Hey all 👋
This morning, Donut’s principal lending partner, Genesis, paused withdrawals along with new loan originations.
Here’s what that means for Donut users:
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Surprise, sweet tooth, it's Cupcake Day! Open the app today to receive a +10% APY sweet treat.
#dessertsforever
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Update:
A Bar Date Order has been entered with an established deadline of May 22, 2023.
No action is required on your part. Donut will file a master proof of claim on behalf of all users.
Additionally, the UCC has completed their due diligence and based on their findings made
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Two weeks of Holiday Hundred
It’s a long way to the top if you wanna rock ‘n’ roll, but hey, we’ve got enough snacks to keep you entertained! 🥳
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*Queue emoji drum roll*
🥁🥁🥁🥁🥁🥁🥁🥁
We’ve got some exciting news to share.
We’re *stoked* to announce the recent launch of our newest earning strategy: Variable Pro 🕺
Head to the app to find out how you can start safely earning up to 15% APY on your savings ⚡️
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Repeat after me: donuts for dinner, donuts for dinner, donuts for dinner...
1 day left, guys! 🎉
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🥳 To everyone taking the August Challenge, congratulations on two weeks of no withdrawals!
To celebrate the challenge's halfway point, open your app today and you’ll automatically receive a +5% APY boost.
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THE TIME HAS COME!
Open your app to turn on the second Fall Fridays boost and earn +3% APY for the next 3 days.
But also, reply to this with how you're *really* turning on this boost.
We'll go first ⬇️
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The wait is over! A huge shout out to everyone who successfully completed the August Challenge! 💪
Open the app today and you’ll automatically receive your +30% APY reward for 24 hours.
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The August Supersaver Challenge is back by popular demand!
Here’s how it works ⬇️
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Do you love your friends?
Ok, cool.
Then you gotta let them know Donut gives users +8% APY for 8 days. Sign up today!
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