Hodlnaut Announces the Launch of TerraUSD (UST) and Terra (LUNA), and its Revised Tiers and Interest Rates
Hodlnaut announces the launch of two new assets, TerraUSD (UST) and Terra (LUNA), as well as newly revised tiers and interest rates.
Singapore, April 6, 2022 – Singapore-based crypto lending and borrowing firm, Hodlnaut, has just announced that it will be launching two new assets namely, TerraUSD (UST) and Terra (LUNA). At the same time, Hodlnaut has also revealed that it will be revising its tiers and interest rates for its supported assets.
In conjunction with its third anniversary, the platform will be supporting both UST and LUNA with effect from 6 April 2022, 7:30 PM (GMT+8). Hodlers are able to earn interest in a total of eight supported assets: BTC, ETH, USDC, USDT, DAI, WBTC, and the newly launched UST and LUNA. The effective rates for both open and fixed terms for UST and LUNA are as follows.
“The Luna Foundation Guard (LFG) has proven to support the growth of the Bitcoin ecosystem, which is in line with Hodlnaut’s vision. Therefore, we are proud to announce the support of Luna and UST on the Hodlnaut platform,” said Juntao, CEO and Co-Founder of Hodlnaut.
Users can utilize the entire suite of features supported for both UST and LUNA. This includes Hodlnaut’s Token Swap, Preferred Interest Payout, Fixed Term Deposits, and Interest Account functions. To celebrate the launch, Hodlnaut will be holding a US$2,000 worth of UST and LUNA giveaway. Click here for more information.
Please take note that Hodlnaut ONLY supports the following:
- Native LUNA via the Terra Network
- Wormhole LUNA via the ERC-20 network
- Wormhole UST via the ERC-20 network
At the same time, Hodlnaut has also announced that it will be revising its tiers and interest rates for its current lineup of assets: BTC, ETH, USDC, USDT, DAI and WBTC. This decision was made in line with the firm’s goal to remain a sustainable business while offering the best risk management policies in times of market uncertainty.
The open term interest rates are as follows.
The implementation of the revised interest rates will take effect on 18 April 2022, 6pm (GMT+8). Users will begin to earn in the new interest rates from 19 April 2022 (GMT+8).
Moving forward, Hodlnaut will be adopting a dynamic approach toward the Hodlnaut Interest Accounts. Due to the unpredictability of the market and volatile conditions, the dynamic approach would allow the company to continue maximizing earning opportunities for all users while remaining competitive and maintaining business sustainability for the long term.
The revision of interest rates will occur on a monthly basis. An announcement of the new interest rates will be made on the fourth week of every calendar month with a minimum of three days before implementation.
Hodlnaut is a Singapore-based cryptocurrency lending and borrowing platform that allows users to earn interest of up to 13.8% on their cryptocurrencies by lending them to vetted institutions. Founded in April 2019 by Bitcoin maximalists Juntao Zhu and Simon Lee, Hodlnaut has grown tremendously over the years.
Hodlnaut has received an in-principle approval (IPA) for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PS Act) for its Token Swap feature. The firm is also a certified Fintech by the Singapore Fintech Association, an accreditation recognized by the MAS.
For more information, please visit www.hodlnaut.com.
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.