FAQ

What assets does Lulo support?

Lulo is focused primarily on stablecoins such as USDC, USDT, PYUSD, and USDS. However, Lulo also supports SOL and some LSTs.

What are the fees?

Lulo is free to use aside from a one-time fee of 0.005 SOL + transaction costs when initializing a first deposit. There are no hidden fees or management costs.

Can I withdraw anytime?

Protected and Custom deposits can be withdrawn instantly, whenever. Boosted deposits require a 48 hour withdraw cooldown. You can read more in Protect.

Do I accumulate tokens, points, and other rewards?

Users accumulate the rewards given by the underlying protocols for lending. Lulo offers no direct rewards.

Is there a LULO token?

No.

How much can I earn with Lulo?

Lulo is a steady income source with less risk than other DeFi, trading, and market activities. You can see your real-time and historical APYs directly in the app.

My Custom deposits are not in the highest rate, why is that?

Most likely, funds have simply not yet moved. Lulo moves funds a minimum of once per hour for every user. Otherwise, gas costs could eat away at any potential gains. If your deposits are stuck for more than an hour, please open a ticket on our Discord.

Is Lulo audited?

Yes, please see Risks & Audits.

What are the risks?

Like any DeFi protocol, there is potential for loss of funds due to market exploits, hacks, or bad debt. Users are encouraged to read our Risks. Users worried about DeFi risks can opt to Protect their deposits.

How does Lulo make money?

At the moment, Lulo is funded privately from investors. The company is focused on developing the product and growing its user base before monetization.

What happens if there is a loss of funds in one of the dApps Lulo uses?

Protected deposits will automatically be covered by funds from Boosted deposits. Custom deposits will lose any funds they had in the dApp with the issue.