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For the complete documentation index, see llms.txt. This page is also available as Markdown.

FAQ

Quick answers to the most common questions.

General

What is unflat?

unflat is the European yield app for everyone. Your money generates yield every second. Money you move to Savings is lent through Morpho vaults on the Base network, and you don't need to know about crypto: you sign in with email, Apple or Google, and add money by card or bank transfer.

Is unflat a bank?

No. unflat is a technology platform and is not a bank or a financial intermediary. Funds deposited through unflat are not covered by deposit guarantee schemes (FITD or equivalent) and are subject to risk, including loss of principal. Never deposit money you cannot afford to lose.

Who is behind unflat?

unflat S.r.l., founded by Alessandro Prandini (CEO) and Giacomo Dotto (COO). unflat was born from B4i (Bocconi for Innovation) and is now building with TEF (Tech Europe Foundation), into which B4i has merged.

Where is unflat based?

Milan, Italy. The app is available in the whole EU, in English, to people aged 18 or over who live in the EU. For now, it is for individuals, not businesses.

Deposits & Withdrawals

What stablecoin does unflat use?

USDC, a dollar stablecoin issued by Circle. Your money is held in USDC, so its value in euros moves with the exchange rate. The app can show your balance in euros.

How do I deposit?

By card or bank transfer through MoonPay or Coinbase, from your Coinbase account (no verification needed in unflat), or by sending USDC to your unflat wallet on the Base network. Card and bank transfer need a one-time identity check. Then move the money to Savings.

Can I withdraw whenever I want?

Yes. No lock-up and no unflat fees. Get euros back in your bank account through MoonPay or your Coinbase account, or send the money to another account you control.

Earnings

What is the rate?

The lending market sets it, not unflat: about 5% a year so far in 2026, variable. That is the average APY of Savings (USDC) without cover, from January to September 2026. Past rates do not predict future ones. See How the Rate Is Set.

Are returns guaranteed?

No. The rate is variable and can go down, and your money can lose value, including what you put in.

How often do I earn interest?

Interest accrues every second and is visible in real time in the app. No waiting for monthly statements.

Is yield compounded?

Money in Savings is held as shares of Morpho vaults. As borrowers pay interest, each share is worth more, so the interest stays in Savings and earns along with the rest until you withdraw.

Fees

Are there hidden fees?

No. unflat charges no fees and has no subscriptions. Third parties may charge fees, and none of them is unflat revenue: MoonPay and Coinbase for card and bank payments, shown before you confirm, and the vault fees, deducted before the rate. unflat currently pays network fees on Base, through Pimlico. Covered money earns a slightly lower rate. See Fees & Transparency.

Security

Is my money safe?

Not without risk. Money in Savings is lent through Morpho vaults where every loan is backed by collateral worth more than the loan, and Sherlock reviewed the app's code in July 2026. But your money can still lose value: smart contract bugs, bad debt, a curator's wrong choice, a USDC de-peg or the exchange rate. Read Risks and Considerations.

Does unflat hold my funds?

No. unflat is non-custodial: your money stays in a wallet only you control, and every transaction needs your signature.

Can unflat recover my wallet?

No. unflat can't recover your wallet or access your money. You sign in with email, Apple or Google, and your wallet is built on Privy. You can export your recovery key in Settings › Security. Never share it: it gives full control of your money.

Is there any cover?

Yes, optional: on-chain cover from OpenCover · Nexus Mutual, off by default. Covered money earns a slightly lower rate. Cover is provided on a discretionary basis by Nexus Mutual, a member mutual, not as a regulated insurance contract. A 4% deductible applies, and it does not cover a de-peg of USDC. The app lists what's covered and what's not under "How coverage works".

Can I verify my position on-chain?

Yes. Deposits, yield and cover are public on the Base blockchain.

Currency

Why USDC and not EUR?

Your money on unflat is held in USDC, a dollar stablecoin issued by Circle, which publishes its reserves on its transparency page. The app can show your balance in euros, but its value in euros moves with the exchange rate.

What is the FX risk?

When you add euros, they are converted into USDC. If the dollar weakens against the euro, your money is worth fewer euros; if it strengthens, it is worth more.

Contact

Still have questions? Reach out:

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