Hodlnaut Launches a New Feature: Fixed Term Deposit

Cryptocurrency
First published
December 2, 2021
Last updated
January 25, 2022
Earn Hodlnaut’s highest interest rates with Fixed Term Deposit 

Singapore, December 2, 2021 – Singapore-based cryptocurrency interest earning platform, Hodlnaut announced today the launch of its new feature — Fixed Term Deposit.

Unlike Hodlnaut’s current open term deposit, the Fixed Term Deposit will allow retail users to earn the highest interest rates offered by Hodlnaut. This feature is built to help users earn high interest rates and grow their cryptocurrencies while holding their coins with Hodlnaut.

“With the prevailing volatility in the crypto market, investing in Fixed-term Deposits offers attractive interest rates along with the safety of funds and liquidity. Hodlnaut’s Fixed Term Deposit feature is launched with the same idea to offer assured returns to our valued users,” said Juntao Zhu, Co-founder, and CEO of Hodlnaut. 

Hodlnaut’s new Fixed Term Deposit feature enables users to lock up their cryptocurrencies for 30, 90, or 180 days to avail of the high interest rates. Users can benefit from higher rates the longer they lock their Fixed Deposits with Hodlnaut. The platform currently supports six cryptocurrencies: BTC, WBTC, ETH, USDC, USDT, and DAI. To learn more about the interest rates, click here

Note: Fixed-term deposits do not automatically have a compounding effect since the interest is paid only upon maturity. The interest earned on the Fixed Terms is simple interest (APR), i.e., it is calculated based on the principal of the term deposit. Thus, unlike the open term, the Fixed Term is not compounded weekly. The total payout of users opting for a Fixed-term deposit will be unlocked at 5.30 pm (GMT+8) on the date of maturity and users will start earning interest based on the tiered interest rates. 

Moreover, hodlers also have an alternative option of earning better rates when they deposit 25 BTC or more with Hodlnaut. Hodlers keen on the same can connect with Hodlnaut’s relationship team by dropping an email at rm@hodlnaut.com.  

About Hodlnaut

Hodlnaut is a cryptocurrency lending and borrowing platform based in Singapore that provides innovative financial services for individual investors. The platform has grown tremendously since its inception in April 2019. Founded by Bitcoin maximalists Juntao Zhu and Simon Lee, Hodlnaut is also 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.

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