Hodlnaut is a platform that provides financial services for individual investors where they earn interest on their cryptocurrencies by lending it to corporate borrowers, who would otherwise struggle to access crypto loans. Two entrepreneurs started Hodlnaut out of Singapore in March 2019. As Bitcoin Hodl-ers, we wanted to build a product that helps Hodl-ers earn sustainable interest.
We lend out the assets we receive to established and vetted financial institutions that pay an interest rate. As for the attractive interest rates, we analyze supply and demand on our available crypto assets to set a fluctuating interest rate that adjusts as market conditions change. Also, we take earnings from our previous months into consideration.
Hodlnaut Pte Ltd is based in Singapore and ruled under Singapore Law, which introduced the Payment Services Act on the 28th of January 2020, which covers cryptocurrencies classified as "digital payment tokens." Our token swap service offered by Hodlnaut Pte Ltd is the only regulated activity under the Payment Services Act.
Hodlnaut is not available where prohibited by Hodlnaut Policy or Sanctions Laws as updated from time to time. Currently, such places include the countries of Iran, North Korea, Sudan, South Sudan, Syria, Cuba or any other country specified by the Sanction Authority, for more information please refer to our Terms & Conditions
Once you have logged in to your account, click on the "Deposit/Withdrawal" tab. Select the correct asset you would like to deposit and you will see your unique wallet address. Send any amount of coins from any wallet to your Hodlnaut address, and you will start earning interest automatically after it is confirmed on the network.
You can withdraw at any time. To withdraw, you will need to enable two-factor authentication (2FA), and you will be sent an email to confirm your withdrawal. We charge a small withdrawal fee that's visible from the withdrawal page. We process withdrawals instantly, but it might occasionally take longer depending on the size of withdrawal.
Thanks for signing up for an account with us! We're so excited to have you on board. KYC verification typically takes up to 3 - 5 business days to be completed by our compliance team. We seek your kind patience and understanding and we will get back to you on your application soonest possible. Should you not hear from our compliance team after 5 business days, you can drop us an email at firstname.lastname@example.org.
You can do purchase Nexus Mutual Custody Cover through iTrust directly on Hodlnaut's platform by heading to 'Custody Cover' under your User Settings. You can also refer to our useful Step-by-Step guide here: https://www.hodlnaut.com/crypto-guides/how-to-guide-for-buying-nexus-mutual-custody-cover-through-itrust
If you are depositing BTC, kindly use the Bitcoin Network. If you are depositing ETH, USDT, USDC, DAI or WBTC, kindly use the ERC20 network. We currently do not support other networks such as BSC, BEP20 and TRC20. Any coins sent using the wrong network will not be credited and your coins will be lost.
Please ensure that you send your funds using the correct network as any funds sent via the wrong network will not be credited and your funds will be lost. We strongly recommend that you send a small test transaction whenever you are sending funds to another wallet to ensure that they will arrive safely to the designated address.
Yes absolutely! You can find more about it here: https://www.hodlnaut.com/earn/ethereum
To find out more about Hodlnaut's tiered interest rates, you can view our rates page here: https://www.hodlnaut.com/rates
Interest is earned and paid out in-kind by default (in other words, in the same cryptocurrency that you have placed in Hodlnaut). You can also opt to earn your interest in another asset class! For more information, refer to our guide here: https://www.hodlnaut.com/crypto-guides/how-to-guide-for-preferred-interest-payout
We use Fireblocks' multi-party computation wallet infrastructure to secure funds. When users sign up for an account with Hodlnaut, they will be assigned a unique address generated by Fireblocks. When the deposit funds into Hodlnaut, funds are secured with Fireblocks' wallet infrastructure until it is lent out to one of our partners.
Hodlnaut users can get custody cover for their funds through Nexus Mutual’s Hodlnaut Custody Cover smart contract at a small premium. Through our partnership with iTrust, users may purchase the Custody Cover provided by Nexus Mutual on Hodlnaut's platform by heading to 'Custody Cover' under your User Settings. You can also refer to our useful Step-by-Step guide here: https://www.hodlnaut.com/crypto-guides/how-to-guide-for-buying-nexus-mutual-custody-cover-through-itrust
We have incredibly stringent capital requirements of our counterparties. In any case, we are very selective with whom we lend out to. We only lend to corporate entities with good credit scores, and the Loan-to-Value (LTV) Ratio of our loans is usually 70% or lower. For this reason, the risk of a default is very low. Like most of the DeFi products out there, we lend out to more than one counterparty to reduce counterparty risk.
In the very unlikely event that the borrower defaults and fails to return the borrowed asset, we may liquidate the borrower’s collateral and repurchase the borrowed funds. We also have a robust legal contract in place with each of our borrowers, and may take legal action to recover the funds if necessary. Furthermore, in an event a default happens, Hodlnaut will be taking on the loss and paying our users from our equity funds.
You can use Google Authenticator or Authy, or any other authentication app that you prefer. If your Google Authenticator codes are not working, this might be because the time on your Google Authenticator app is not synced correctly. There are several ways in which you can fix this. If you are using Android: 1. Go to the main menu on the Google Authenticator app. 2. Tap More and then Settings. 3. Tap Time correction for codes. 4. Tap Sync now. On the next screen, the app will confirm that the time has been synced, and you should now be able to use your verification codes to sign in. The sync will only affect the internal time of your Google Authenticator app, and will not change your device’s Date & Time settings. If you are using iOS or if the above did not work for your Android phone: 1. Remove the existing Hodlnaut 2FA account. 2. Set up 2FA again.
Please ensure the following when keying in your phone number: 1. Ensure that country of residency and phone number matches. 2. Avoid using auto-fill. 3. Remove any spaces, periods and dashes. 4. Do not copy and paste your phone number into the fields directly. 5. Do not enter your country code when keying in your phone number. The country codes are automatically generated according to your country of residence. You will only be able to register a phone number from your country of residence. Should you continue to face issues with receiving an OTP, please reach out to us at email@example.com and we would be happy to help!
Please ensure the following when keying in your phone number: 1. Ensure that country of residency and phone number matches. 2. Avoid using auto-fill. 3. Remove any spaces, periods and dashes4. Do not copy and paste your phone number into the fields directly. 5. Do not enter your country code when keying in your phone number. The country codes are automatically generated according to your country of residence. You will only be able to register a phone number from your country of residence. Should you continue to face issues with getting your number verified, please reach out to us at firstname.lastname@example.org and we would be happy to help!
Address whitelisting feature is implemented to allow crypto withdrawals to a list of known addresses only. For more information, refer to our how-to guide here: https://www.hodlnaut.com/crypto-guides/how-to-enable-hodlnauts-withdrawal-whitelist-feature
We partner with Fireblocks to provide our users with next-generation private key security (MPC-CMP) and hardware isolation technology (SGX) to create multi-layer security, which eliminates a single point of failure and insulates digital assets transfers from cyber-attacks, internal collusion, and human error.
We acknowledge that our employees are our first line of defence when it comes to cyber security therefore, all our employees have to undergo stringent Security Awareness training yearly. All our employee’s laptops are encrypted and secured. They do not store any personal customer data and other sensitive user data. Employees that can access customer data via our internal system have different clearance levels. We make sure they only have access to relevant data. We do not sell any data and our policy is to respect our users’ privacy. We regularly review our security policies to make ensure they meet the current best practices.
Our platform runs on secure AWS cloud infrastructure, and all traffic is encrypted with SSL encryption. We no longer support legacy encryption methods with known vulnerabilities. Servers and services are continuously monitored and run the latest security updates. Internal-facing applications have separate access controls and are not exposed to the public internet. Our engineers get real-time alerts to solve any issues immediately. Our infrastructure and features are designed to be reliable and scalable. Our network is protected with firewalls. We have IT security tools such as intrusion detection to detect unauthorized access of our systems and data. Our domains are protected with DNSSEC to prevent certain types of man-in-the-middle attacks All server connections are logged, and require multi-factor authentication. Direct password authentication, as well as public connections is not possible
We're a flat organisation, apart from being in the functional teams (business, engineering, compliance). We have different work groups or committees to handle different projects/specific tasks. The working group/committees will involve stakeholders from different functional teams. The founders have presence in all the committees/work groups.
All users are required to perform Know-Your-Customer (KYC) verification process and enable two-factor authentication (2FA) for account transactions. Hodlnaut runs on secure Amazon Web Services (AWS) cloud infrastructure and utilizes industry-grade SSL encryption. Encryption of data is done as much as possible onto services with anonymity. Fireblock’s multi-party computation wallet infrastructure is used to safeguard the private keys from cyber attacks and human error. Additionally, less than 2% of Hodlnaut’s AUM is stored on Fireblocks wallets and no funds are stored in hot wallets.
24 Raffles Place
838 Lai Chi Kok Road
Cheung Sha Wan
Kowloon, Hong Kong