Buy digital dollars &
earn 8% annual yield*

Cenoa is a borderless superwallet that helps you buy digital dollars with zero fees and earn 8% yield. Our zero-fee digital dollar product aims to serve the billions of people hit by inflation in emerging markets. It is a new way to protect yourself from inflation and grow your funds. 

Our mission is "Bringing fair, empowering and innovative financial services to everyone". Because Cenoa is founded with the purpose of bringing solutions to the increasing problems of inflation, devaluation, inequality and financial inclusion, using modern technologies. 

Cenoa's initial set of digital dollar based products aims to serve the billions of people hit by inflation in emerging markets.

Read our blog to learn more about our mission, the problems we are passionate about and why we started the Cenoa movement.

Cenoa is not a bank or a licensed financial institution.

Because financial and banking infrastructure and business models haven’t changed since the 1970s, despite all the rapid technological advancements, shifting economic landscape and growing problems.

With inflation soaring globally to a 40-year peak, billions of people in emerging economies are facing currency meltdowns. They are left with few options but to store savings in strong currencies like the US Dollar. In many countries, the existing financial system makes buying USD either very difficult or very expensive while offering almost no yield. Everyday people in emerging markets suffer deteriorating living standards and are neglected in a world of rising prices. 

Cenoa introduces a borderless and non-bureaucratic way to access a digital dollar product without any fees and earn an inflation-resistant yield. This compares to less than 1 percent in most traditional banks, which also take hefty fees and often require paperwork for simple currency exchanges. With the US Dollar at its strongest in 20 years, and emerging markets setting the highest USD saving demand, Cenoa’s non-custodial blockchain wallet is helping users make their assets devaluation-proof and increase savings growth. 

Did you know many financial institutions can pay a higher yield rate, but they just don’t?

First, they want to make your money work for them. Most traditional banks use your deposits to make loans — a bank’s profit is the interest it earns on those loans minus the interest it pays on deposit accounts. Based on data from the US Central bank (“Fed”), banks earn >10% by lending your deposits to customers, earn >4% by lending to the Fed itself. But they shared only 0.13% of those earnings with you. In other words, banks refuse to pay a high interest for your deposits. Why do they do this? Because they’ve learned they can generally get away with it, especially after 2008.

Second, they have an expensive and outdated infrastructure. Traditional banking systems were built in 1970's, with many intermediaries to pay, inefficient processes and costly branch networks. So in simple terms, banks have a higher cost base compared to fintechs. 

We believe it is only fair to provide people with what they deserve, especially now that modern solutions and technologies such as blockchain are available to change the status quo. Cenoa is breaking this cycle by providing access to these advancements.

Cenoa's current yield rate of 8% is an exclusive launch offer valid until April 1st, 2023. After April 1st, the yield rates will be updated to fair market rates, likely 4-6%.

Cenoa is for everyone who wants to protect their savings towards inflation.

We are currently available across 35 countries mostly in Europe, with plans to launch to new markets in Latin America, Africa, Southeast Asia in 2023.

To get started with Cenoa, there is no requirement for a minimum amount of funds. However our trusted financial partner in Europe require a minimum transaction amount of $30. 

Cenoa superwallet enables easy-access to digital dollars and inflation-resistant yields because Cenoa's non-custodial solution cuts out the costs for branches, intermediary fees, and other inefficient procedures of traditional banking. Cenoa achieves this by helping you access modern technologies such as blockchain and decentralized finance platforms (also known as open finance, or peer-to-peer finance). 

Cenoa superwallet aims to make your entire experience super easy, secure and cost-free, so it is integrated and partnered with multiple third party services. Licensed fintechs connect Cenoa with the local banking systems and enable you to deposit and withdraw money easily. Peer-to-peer platforms help you buy/sell digital dollars and earn higher yields. 

To learn more about how Cenoa works, scroll down to "How does Cenoa Work? (Advanced Version)"

Cenoa is different from traditional financial institutions. Cenoa's main source of income is not mark ups, fees, spreads in exchange rates or commissions paid by its users. 

Cenoa generates revenue only through one of its partner third party services, the liquidity provider. When the realized yields are higher than 8%,  liquidity partner makes a profit and it pays a revenue share to Cenoa superwallet.

Cenoa is founded by a world-renowned team, made up of experts from Getir, Garanti BBVA, Facebook, Amazon, Google and McKinsey - who have previously managed global businesses with 50+ million customers.
We're also backed by top global venture capital investors - who backed some of the most iconic Fintechs before.
This team got together all with the common goal of creating something incredible. To learn more about us and our investors, find more about us from our page and do not hesitate to reach out to us from hello@cenoa.com

Cenoa superwallet enables easy-access to digital dollars and inflation-resistant yields because Cenoa's non-custodial solution cuts out the costs for branches, intermediary fees, and other inefficient procedures of traditional banking. Cenoa achieves this by helping you access modern technologies such as blockchain and decentralized finance platforms (also known as open finance, or peer-to-peer finance). 

Cenoa superwallet aims to make your entire experience super easy, secure and cost-free, so it is integrated and partnered with multiple third party services. Licensed fintechs connect Cenoa with the local banking systems and enable you to deposit and withdraw money easily. Peer-to-peer platforms help you buy/sell digital dollars and earn higher yields. 

Let's discuss in more detail how the solution works and what partners help it work:

1. Opening an account in Cenoa superwallet mobile app: 

Cenoa superwallet helps you open an account on Avalanche blockchain. It gives you an interface to manage your digital money (also known as digital assets). Cenoa superwallet is a non-custodial blockchain wallet, which means it can never control, move or invest your digital assets. Only you can control, move or invest your digital assets. 

2. Depositing money to Cenoa superwallet:

Cenoa superwallet is integrated with fintechs (such as BiLira or Transak -a UK Financial Conduct Authority licensed fintech) who act as a bridge and connect Cenoa users with the local banking systems.

When a user sends money to an integrated fintech in local fiat currency (e.g., Euro), the integrated fintech converts the local fiat money to local digital money (also known as digital asset) and sends it to the user's account on Avalanche blockchain. The user can view and manage the received digital assets by using Cenoa super wallet mobile app as an interface. 

3. Buying digital dollars   

When a Cenoa user wants to buy digital dollars and earn yield, she approves a transaction in Cenoa superwallet mobile app to move her digital assets to the automated investment module. 

This module is developed and published to Avalanche blockchain by a trusted software provider partner. It is a fully-automated, immutable and decentralized piece of software (also known as smart contract). This means nobody, including the developer company, can change the rules or logic in the software. This provides transparency and security to the user, because the user can see how her digital dollars will be managed by the software and can know nobody can touch her digital dollars.

First, the module swaps her local digital money for digital dollars using real market rates via a peer-to-peer digital exchange named TraderJoe that operates on Avalanche blockchain. 

The module uses only USDC issued by Circle as digital dollars. USDC is known as a fully-reserved stablecoin, every digital dollar of USDC on the internet is 100% backed by cash and short-dated U.S. treasuries, so that it’s always redeemable 1:1 for U.S. dollars. 

Circle is a fintech, which is regulated as a licensed money transmitter under U.S. state law just like PayPal, Stripe, and Apple Pay. Circle’s financial statements are audited annually and subject to review by the Securities and Exchange Commission in the US. Circle holds more than $43 Billion in reserves and enabled $9 Trillion in transaction volume.

4. Earning yield 

Second, the module stakes her digital dollars to decentralized platforms that allow peer-to-peer lending and borrowing, such as Aave, Benqi and Stargate to earn yield. The module automatically manages allocation of digital dollars to these yield platforms based on the defined rules to minimize risk and optimize returns. 

5. Ensuring a fixed yield rate

Cenoa integrated with a liquidity provider to ensure the yield rate is fixed for users. The liquidity provider deposits digital dollars as liquidity into the automated investment module from day 1. This liquidity makes sure that the user earns the yield rate coded in the modules code (e.g., 8% per year) regardless of the yield amount generated by the module. 

The liquidity provider can withdraw digital dollars only after the module's 90-day active period ends. And the liquidity provider can withdraw only the excess amount, which is the difference between the amount owed to users (principal and yield) and the existing amount. 

For example, if the module generates more than 8%, the liquidity provider can make a profit and withdraw the profits. On the other hand, if the module generates less than 8%, the liquidity provider makes a loss and can withdraw less than its initial investment. Because its initial investment is used to pay owed yield to users.

Summary

Cenoa superwallet and all of the integrated blockchain platforms are non-custodial and decentralized. This means nobody other than the user can control her funds. 

The only partners who are custodial and can control customer funds are the fintechs (such as BiLira or Transak -a UK Financial Conduct Authority licensed fintech) who act as a bridge and connect Cenoa users with the local banking systems.

All these pieces are integrated in a way that enables the user easy-access to digital dollars and inflation-resistant yields.

First of all, the entire process is decentralized and noncustodial - all of the software platforms including Cenoa superwallet and partners. This means 2 things: 1) Only you can access your digital dollars, not Cenoa or anyone else; 2) Nobody can stop you from accessing them, not even Cenoa. By contrast, a custodial wallet or a traditional bank that holds your money can freeze it, in the worst-case scenario.

But the main risks are Cyberattacks and security breaches. Like all software platforms and products, Cenoa superwallet and its partners are potentially vulnerable to cyberattacks, hacks, and security breaches. That’s why Cenoa superwallet puts cybersecurity first. It is built by world-class security experts, partners only with leading platforms and does frequent testing/auditing.

Read more about risks and mitigations in our blog.

We believe biggest benefit of blockchain is empowering people to cut-out banks and gain control. So we built Cenoa superwallet as a non-custodial wallet to give you full control.  If the worst happened to Cenoa as a company and Cenoa superwallet disappeared, you could still easily access, manage and withdraw your digital dollars using another wallet.