SINGAPORE, 12th August 2021 – Hodlnaut, a Singapore-based crypto interest-earning platform, recently announced its revised tiered interest rates that allow users to earn up to 12.73% APY on six supported assets. These include Bitcoin (BTC), Wrapped Bitcoin (WBTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), and Dai (DAI).
Prior to the change, Hodlnaut offered a 6.2% APY for BTC and WBTC, 6.7% APY for ETH, and 10.5% APY for USDC, USDT, and DAI. However, the introduction of tiered interest rates has been made to reflect the current market conditions. The effective tiered interest rates are as follows:
To get a deeper understanding of how the tiered interest rates work, check out this guide here.
Ultimately, the deposits will be categorized to fit the corresponding tiers, allowing users to earn up to 12.73% APY on their crypto assets. These rates are some of the highest and most attractive in the current crypto space, helping users maximize the productivity of their cryptocurrencies. The interest earned is calculated at the end of every day and is then deposited into the users’ account weekly on Monday at 5 pm (GMT +8).
To offer users easy access to some of the highest interest rates while enabling a seamless experience, Hodlnaut launched its latest iOS Mobile Application. This would provide hodlers the convenience of earning on the go through the ease of the iOS Mobile App.
The Hodlnaut iOS Mobile App allows users to sign-up, deposit and withdraw, and check their balances and interest statements, among other features. Additionally, the app supports the export of files onto messaging applications like WhatsApp and Telegram.
And that’s not all – users can even join Hodlnaut’s Affiliate Program through the iOS Mobile App, where they are able to earn 10% commission on their friend’s interest for every successful referral.
On top of that, Hodlnaut has included an additional User Referral Program in line with the launch of the iOS App. Referrers can earn up to $300 when they share their unique referral link with friends and families. They would first need to complete Tier 1, where they can earn a one-time bonus of 200 USDC for the first 5 KYC-approved affiliates. They will then qualify for Tier 2. Here, they are able to earn 20 USDC per new user for each additional KYC-approved user referred, capped at 5 users.
Do note that this User Referral Program will end on 25th August 2021.
“Our much-awaited iOS App will enable fast and transparent transactions while giving users the required information at their fingertips, enhancing the user experience of our platform,” said Juntao, CEO and Co-Founder of Hodlnaut.
Hodlnaut’s iOS App aims to make hodling simpler by delivering information and enabling quick transactions at the convenience of users’ iPhones and is now available for download on the Apple App Store.
Hodlnaut is a Singapore-based platform that provides innovative financial services for individual investors who can earn interest on their cryptocurrencies by lending them to vetted institutions. Founded by Bitcoin maximalists Juntao Zhu and Simon Lee in April 2019, Hodlnaut has grown tremendously over the years. The platform now offers up to 12.73% APY on six supported crypto assets: BTC, WBTC, ETH, DAI, USDC, and USDT.
Hodlnaut is 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.