⚡How does it work?
Last updated
Last updated
Lulo orchestrates user funds in order to maximize interest. There are three main actions Lulo can take: deposit, move, and withdraw. Lulo has been designed to minimize any need for user funds to sit in Lulo smart contracts.
Deposits into Lulo are automatically routed to the highest rate available at the time. Money flows directly from the user's wallet to the chosen dApp, it does not need to be deposited into Lulo.
Periodically, Lulo will check to see what rates are available on the Solana network and move user deposits if a higher rate is available. Lulo automatically withdraws from the existing dApp and deposits into the new dApp, no user intervention is required.
A withdraw can be initiated by the original depositor. Only the original wallet that was used to create the deposit can receive the withdrawn funds. Lulo initiates a direct withdraw from the dApp holding the funds to the user wallet, it does not hold funds itself in between.
