> For the complete documentation index, see [llms.txt](https://docs.nookapp.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.nookapp.xyz/overview/editor.md).

# How Earning through Nook Works

Think of Nook as a high-yield earning account that taps into the stablecoin lending markets. When you deposit money, whether through Plaid Coinbase, Apple Pay, or a debit card - your funds are put into a programatic money market, where they are automatically matched with borrowers. These borrowers have collateralized their funds so that they are yours until they repay their borrowed amount. 

The interest from Nook comes from the interest paid by borrowers and goes directly to you. Nook does not take a cut or a fee.

The earning process can be deposited into three key steps.

#### Convert your cash

Nook partners with Coinbase - our trusted payment provider - to convert your funds into USDC, a stablecoin pegged 1:1 to the U.S. dollar.

The conversion happens behind the scenes in seconds, so you can start earning right away.

#### Deposit your funds

Nook sends funds from your wallet directly to the earning protocol with the highest rate — all of which are hand selected with over $60B total across their platforms.

#### Withdraw your funds

You can initiatie a withdraw your funds directly back to your Bank or Coinbase account at any time. There are no lockups, delays or wait times put in place by Nook. Our customers earn for varied periods of times. Typically over months, but sometimes, shorter durations. 

Since interest is paid out every 16 seconds, users can move funds in and out of Nook as they please. This is not a fixed bond or CD.