Hodlnaut Announces Revised Interest Rates and Tiers for Supported Assets
Hodlnaut announces that it will be revising its tiers and interest rates for its assets.
Singapore, January 13th, 2022 – Singapore-based crypto interest-earning platform Hodlnaut has just announced that it will be revising its interest rates for 3 of its supported assets: Bitcoin, Ethereum, and Wrapped Bitcoin. Additionally, Hodnaut has also updated its Tier 4 interest rates for stablecoins. This change has been implemented to reflect the current market conditions while ensuring that users are still able to earn maximized returns.
The revised tiers and interest rates for all assets are as follows, and will take effect on 1 July 2022. This will mean that interest payouts to users on 1 July 2022, 5pm GMT+8, Monday will be based on the new rates.
“The tiers and interest rates have been revised in light of the current market conditions. We believe this is necessary to maintain our current risk aversion policies while offering users the best experience on our platform,” said Juntao, CEO and Co-founder of Hodlnaut.
The interest will be calculated at the end of every day and deposited to users’ account every Monday, 5 pm (GMT +8).
Hodlnaut is a Singapore-based crypto lending platform that allows users to earn interest on their crypto assets. Founded by Juntao Zhu and Simon Lee in April 2019, Hodlnaut has grown tremendously over the years. The platform offers up to 7.25% APY on six supported crypto assets: BTC, WBTC, ETH, DAI, USDC, and USDT.
Hodlnaut is undergoing license application under the Payment Services Act 2019 by the MAS (Monetary Authority of Singapore) and aims to become the first regulated entity in Singapore within the cryptocurrency lending and borrowing space. The company is a certified Fintech by the Singapore Fintech Association, an accreditation recognized by the MAS.
For more information please visit www.hodlnaut.com.