The Donut team works every day to make DeFi investing so simple that you don’t even have to think about it. With the introduction of Collect for DeFi, saving and earning with Donut is easier than ever before.

Collect helps you earn 4-10% APY on your spare change through the power of DeFi. It’s super simple: just link the cards you use most and Donut automatically collects the spare change from everyday purchases. Then, you can sit back and watch your savings earn high yield in real time.

Below, we’ll discuss how to set up Collect and answer some common questions about how Collect works.

Connect a card or bank account, then watch your spare change collect automatically

How to set up Collect

  1. Tap “Collect Spare Change” on the home screen.
  2. Tap “Collect Accounts” to add a credit card, debit card and/or bank account.
  3. Tap the Play Button to activate and you're all set!

    Bonus: set your Collect multiplier to 2x, 5x or 10x and save even more!

How does Collect work?

When you link a card, anytime you buy coffee, ride an Uber or go shopping, you’ll collect the spare change. On the other hand, when you link a bank account you can collect the change from direct billing like utilities, insurance premiums or Venmos.

Each time your Collect Ring fills up with $10 of spare change, Donut will deposit $10 from your default bank account and start filling a new Collect Ring automatically.

Once Collect is activated, Donut will deposit your spare change automatically every $10

Do I need to have a credit card to use Collect?

Nope - you can collect from any card or bank account! Simply add your debit card, credit card or bank account to “Collect Accounts” in the settings tab.

How does my spare change earn APY?

All funds on Donut—whether spare change, one-time deposits or recurring investments—earn high APY through highly collateralized lending in DeFi markets. If you'd like to learn more about DeFi lending and how Donut works, check out our blogs on Donut Fixed and saving with DeFi.

How do Collect multipliers work?

The default multiplier on Collect is 1x, which means if you buy a $4.50 latte on your credit card, you collect $0.50 on Donut.

With a multiplier of 5x, however, a $4.50 latte means Donut collects $2.50. Multipliers help you collect spare change faster and save even more. If you use a credit or debit card several times each day with a 10x multiplier, you could save and invest $10 a day just by going about your everyday routine.

How does Donut know when I spend money?

Donut views your transactions from “Collect Accounts”—securely connected credit cards, debit cards and bank accounts—and rounds up the spare change on each purchase to the nearest dollar. Your accounts share this information with Donut securely through our secure payment partner, Plaid.

Below the Collect Ring, you'll be able to track your purchases over time and see how much spare change you save with each purchase. Now when you can't stand to cook and order $22.50 of tacos on Uber Eats, you can also think of it as a $0.50 DeFi investment.

We hope you enjoy using Collect to save and invest in DeFi easily while you shop for groceries or impulse buy vintage band t-shirts on Instagram. If you have any questions about Collect or experience any trouble setting it up, feel free to e-mail us or DM us in-app for support.

Real Talk 🚨
Any saving and investment strategy puts your capital at risk.

The above information is intended for informational purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

Donut monitors "Collect Account" transactions (through our Plaid integration) for the purpose of investing your spare change and will never share this information with third parties.