How-to Guide for Preferred Interest Payout

First published
July 21, 2021
Last updated
December 10, 2021

Hodlnaut now allows users to earn interest in the cryptocurrency of their choice with its latest feature - Preferred Interest Payout. This means that users can deposit any cryptocurrency from the supported assets (BTC, ETH, USDT, DAI, USDC, and WBTC) and choose to earn interest in the asset of their choice. For instance, if you have deposited BTC in your Hodlnaut Interest Account, you get the option of earning interest in any of the six supported asset classes. 

In this guide, we will walk you through the steps you need to take to enable the preferred interest payout. 

Steps to Enable Preferred Interest Payout on the Web App

1. Login to your Hodlnaut Account 

Go to and log into your Hodlnaut Interest Account. 

Login to your Hodlnaut Account
Login to your Hodlnaut Account

2. Click on User Settings from the Account Dashboard 

After you log in, you will see a dashboard like this. 

User Settings from the Account Dashboard
User Settings from the Account Dashboard

Click on your name on the top right and go to User Settings.   

Go to User Settings
Go to User Settings

3. Navigate to Interest Payout Preference 

Navigate to the “Interest Payout Preference,” and you will see the list of assets and their corresponding interest payout assets to choose from. 

Interest Payout Preference

4. Choose the Interest Payout Preference 

Under the “Interest Payout Asset,” click on the asset type, and from the drop-down, you may select the asset in which you want to earn interest. 

Interest Payout Preference 
Interest Payout Preference 

Voila! You can now start earning interest in the crypto of your choice, and the changes will be saved automatically. 

Changes Will be Saved Automatically
Changes Will be Saved Automatically

Note: The crypto interest rate will be set as in-kind by default (i.e., users will earn interest in the same asset deposited) until you change it. Once you choose the preferred interest asset class, the change will be immediately reflected in your interest earnings. If you set it before 5 pm SGT, the changes will be reflected in the interest statement around 5 pm that day. If you set it after 5 pm, the changes will be captured the following day around 5 pm. 

Interest Statements

Let’s say, for example, that you have deposited ETH and would like to earn interest in USDT instead. In this case, after you select the preferred asset, you will see that the interest earned from your ETH deposit is in USDT under your ETH interest statement. Likewise, you will also see the interest accrued over the week on the “Transaction” section on the following Monday. 

Note: As for the affiliate program, the referred users can change their interest payout asset, whereas the referrer will earn interest in-kind.  In essence, the referrer will continue to earn the 10% perpetual commission in the base asset even if the referee has opted for preferred interest payout. For instance, if your referee holds 1 BTC and he chooses to earn interest in ETH, you will continue to receive the commission in BTC instead of ETH.

With the above steps, you get the flexibility to earn interest in-kind or in the asset class of your choice. 

Steps to Enable Preferred Interest Payout from the Mobile App

To enable preferred interest payout from the mobile app, follow these steps.

Step 1: Login to Your Hodlnaut Account From the Mobile App

 Login to your hodlnaut account from the iOS or Android app.

Login through mobile app

Step 2: Click on Account From the Bottom Right

 You will see a dashboard like this from where you can click on the bottom right "Account" icon. 

App Dashboard

Click on Account from bottom right

Step 3: Click on Settings and Navigate to Interest Payout Preference

From your account, click on Settings and navigate to interest payout preference. 

Navigate to interest payout preference

Step 4: Choose the Asset in Which You Would Like to Earn Interest

Once you click on Interest Payout Preference, choose the coin in which you wish to earn interest. Note that by default, you will earn interest in-kind i.e. in the same coin which you have deposited unless you choose the interest payout preference. 

Interest Payout Preference

Confirm the preferred asset

And that’s all! The changes will be saved and you can start earning interest in the crypto of your choice. 

Hodlnaut is a crypto interest-earning platform that offers up to 12.73% APY on six supported assets: BTC, USDT, USDC, DAI, ETH, and WBTC. If you haven’t signed up for a Hodlnaut Interest Account already, you can do it now and earn interest in the cryptocurrency of your choice!

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