Wellspring

Wellspring is a high-yield alternative to traditional savings, offering up to 12% APY.

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  • 21. Best use of Alchemy
  • 01. 🛠️ Public Goods
  • 02. 🚀 Hyperliquid Frontier Track

Description

🧠 Project Name

Wellspring

🔍 Description

You get less than 1% APY on your bank deposits, Wellspring gives you a bank account that will earn up to 12% APY powered by stablecoins and DeFi. 

🛠️ How It Works

Users can fund their Wellspring account through two simple methods: by sending a portion of their paycheck directly to their Wellspring-issued bank account, or by using a debit or credit card. Once the funds arrive, they’re seamlessly converted into stablecoins and deployed into HypurrFi’s isolated lending markets, which have historically delivered over 12% APY.

There’s no need to deal with crypto conversions, gas fees, cross-chain swaps, or complex wallets. Wellspring abstracts away the technical friction of DeFi—making high-yield strategies accessible to anyone, without needing to be a blockchain expert.

🔑 Key Features

  • Direct Deposit Integration – Save automatically from your paycheck.

  • High Yields (Up to 12% APY) – Rates are dynamic and powered by DeFi lending markets.

  • Self-Custody – Users retain full control over their funds at all times.

  • Security – Smart contract infrastructure, identity verification, and fraud prevention.

  • U.S.-Based Live Support – Talk to real people, not bots.

  • No DeFi Knowledge Needed – Designed to feel like a traditional savings experience.

💻 Demo

https://app.wellspring.money/

Please join the community and request an access code. 

📂 Project Links

Join the TG community here.
GitHub Repo.

👥 Team

Founders: Andrey Chabanov, Slava Chabanov, Trevor Hoffman

Wellspring is built by the founding team behind iTrustCapital, the first and largest CryptoIRA provider. The team brings deep experience from fintech and traditional finance firms like Wells Fargo, Acorns, PIMCO, and Citi—combining institutional-grade execution with crypto-native innovation.