Hodlnaut users can expect to earn an interest in the cryptocurrency of their choice from the platform’s six supported assets.
Cryptocurrency platform Hodlnaut has released a new tiered interest rate to better cater to the needs of individual investors.
Previously, investors could earn up to 10.5% in annual percentage yield (APY) with Hodlnaut. With the latest change in interest rates applied to their six supported digital assets, users can now earn up to 12.7% APY with their cryptocurrencies.
From 9th August onwards, Bitcoin (BTC) and their latest crypto addition Wrapped Bitcoin (WBTC) cryptocurrency will see an interest rate of 7.5% APY instead of 6.2% on the platform.
Ethereum (ETH) interest rates will be increased to 7.5% APY instead of 6.7%, and stablecoins USDC and USDT with 12.7% APY instead of 10.5%, while DAI stablecoin’s rates has been lowered from 10.5% to 8.3%.
“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 Zhu Juntao, CEO and Co-founder of Hodlnaut.
While the cryptocurrency interest rates have been revised to match the market conditions, investors can rest easy knowing that Hodlnaut has not changed its zero-fee deposit and token swap transactions on their platform.
Withdrawal fees have also been reduced from 3 August onwards, with stablecoins USDT, USDC, and DAI fees reduced from 18 to 10, and ETH fees reduced from 0.005 to 0.0036 ETH.
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