

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.
Looking for more news? Check out these features below:
- Wadzpay names Ram Chari As Board Member and Director
- Fireblocks hit $2 Billion evaluation with latest $310 Million funding
- Malaysian Authorities Clamp Down On Binance Operations
Related
Search
Recent Post
Circle Launches EURC Stablecoin On The Stellar
- September 29, 2023
- 3 min read
Check In with Crypto: Luxury Hotels Accepting
- September 28, 2023
- 6 min read
Pendle Finance Integrates With Bitget Wallet for
- September 26, 2023
- 1 min read