Boost Your APY by Earning in Stables with Hodlnaut’s Preferred Interest Payout
SINGAPORE, 5th August 2021 - Singapore-based crypto interest-earning platform, Hodlnaut recently launched its newest Preferred Interest Payout feature. The new feature aims to help hodlers have more control and flexibility over their deposited crypto assets. Users can now earn interest in the crypto asset of their choice from the six supported assets: BTC, WBTC, DAI, ETH, USDT, and USDC.
“We are thrilled to introduce our preferred interest payout feature, which will offer Hodlers the option to earn in stables to cushion the impacts of market volatility,” said Juntao, CEO and Co-Founder of Hodlnaut.
The new feature allows for more flexibility over users’ crypto assets and boosts their annual percentage yield (APY) when they choose to earn in stablecoins.
For example, if a user deposits 1 BTC into a Hodlnaut Interest Account, he will earn 7.46% APY on BTC. When the user chooses to earn in stablecoins such as USDC instead of BTC, the 7.46% interest paid out will earn 12.73% APY since it’s in stablecoins, as per our current interest rates. Thus, the total interest will accumulate to around 9.49% instead of the initial 7.46%.
This way, users can hedge any negative implications posed by market volatility by utilizing the Preferred Interest Payout feature. Users would just need to switch to earn their interest in stablecoins, enabling them to increase their APY.
Hodlnaut is a Singapore-based platform that provides innovative financial services for individual investors who can earn interest on their cryptocurrencies by lending them to vetted institutions. Founded by Bitcoin maximalists Junato Zhu and Simon Lee in April 2019, Hodlnaut has grown tremendously over the years. The platform now offers up to 12.73% APY on six supported crypto assets: BTC, WBTC, ETH, DAI, USDC, and USDT.
Holdnaut is a certified Fintech by the Singapore Fintech Association, an accreditation recognized by the MAS (Monetary Authority of Singapore). The company aims to become the first regulated entity in Singapore within the crypto lending and borrowing space and is undergoing license application under the Payment Services Act 2019 (by the MAS).
For more information, please visit www.hodlnaut.com.