Hodlnaut Announces Tiered Interest Rates, Increases BTC Interest to 7.5% APY
Singapore, August 4th, 2021 – Hodlnaut, a crypto interest-earning platform based in Singapore, has just announced its revised crypto interest rates. Hodlers can earn interest in the crypto asset of their choice from the six supported assets: BTC, DAI, ETH, USDT, USDC, and WBTC.
Previously, Hodlnaut offered an APY of 4.08% for BTC and WBTC, 4.60% for ETH, 7.25% for USDC & USDT, and 3.56% for DAI. However, the new rates and the introduction of tiers have been updated to reflect the current market conditions. With effect from 1 July 2022, the new rates and tiers are as follows:
Users can now earn up to 7.25% APY on cryptocurrencies. The rates have been adjusted to ensure maximized earning opportunities for users.
“We always strive to offer the best experience on our platform for our users. The change in interest rates and the introduction of a tier system is thus necessary in order to maintain the best risk management policies while having our users attain maximized interest rates,” said Juntao, CEO and Co-founder of Hodlnaut.
The interest will be calculated at the end of every day and deposited to the user’s account every Monday, 5 pm (GMT +8).
Furthermore, Hodlnaut also has recently reduced its withdrawal fees for Tether (USDT), U.S. Stable Coin (USDC), Dai (DAI), and Ethereum (ETH). Hodlers can earn interest in the crypto asset of their choice from the six supported assets: BTC, DAI, ETH, USDT, USDC, and WBTC.
With effect from 1 July 2022, the withdrawal fees for the mentioned currencies are as follows:
Users can now withdraw their crypto assets at a lower transaction cost, to enable them to earn maximized returns.
P.S: The interest rates shown above and subject to change and are updated every month. To know about our latest interest rates, please refer here.
Disclaimer: This article is for informational purposes only, and is not an offer nor a solicitation to invest in DPT, securities, funds, partnership interests or other investments or funding or purchasing loans. It is the user's sole responsibility to conduct due diligence and research extensively into each DPT and platform, and understand that the volatility and unpredictability of the price of DPT may result in significant loss over a short period of time. No information on Hodlnaut should be considered to be business, legal, financial or tax advice regarding the use of Hodlnaut. Users should consult their own legal, financial, tax or other professional advisors before using Hodlnaut.