Description
Sock is a self-custodial crypto application that allows users to earn, invest, and send money. It offers variable APY on assets like USDC, USDT, DAI, and ETH. Users can invest in over 100 cryptocurrencies, including Bitcoin and Ethereum, and send money instantly and for free to over 60 countries. As a self-custodial platform, users maintain full control over their funds, which are secured on the blockchain. Sock operates on the Arbitrum and Bitcoin networks, sponsoring network fees for most transactions. The company makes money by taking a small transaction fee (0.85%) on all investing trades (swaps).