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Hodlnaut Launches Preferred Interest Payout Feature

Thu, 07/22/2021 - 09:06
Hodlnaut Launches Preferred Interest Payout Feature
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SINGAPORE, 21st July 2021 - Singapore-based crypto interest-earning platform, Hodlnaut, is pleased to announce the launch of its newest Preferred Interest Payout feature. The new feature aims to help hodlers have more control and flexibility over their deposited crypto assets. Effective from 21 July 2021, it will allow users to earn interest in the crypto asset of their choice from the six supported assets: BTC, WBTC, DAI, ETH, USDT, and USDC.

Prior to the launch of the new feature, Hodlnaut users would receive interest in-kind. Thus, they would receive interest in the same asset class in which they made the deposit. This would mean that if a user deposited in BTC, the interest would be earned in Bitcoin. However, with the new feature, users can now choose the type of coin they wish to earn interest on among the six supported assets. 

“We are thrilled to introduce our preferred interest payout feature to empower Hodlers by allowing them to earn interest in the crypto of their choice,” said Juntao, CEO and Co-Founder of Hodlnaut. “This new feature is in line with Hodlnaut’s continual efforts to help Hodlers make the most of their cryptocurrency assets,” he added.  

Though the interest will be set in-kind by default, users can change it according to their preferences from their account dashboard. The interest will be accrued at the end of every day and deposited to the user’s account every Monday, 5 pm (GMT +8). As for the affiliate program, while the referred user can choose their interest payout asset, the referrer will continue to earn commission based on the currency deposited in.

About Hodlnaut

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 Junato Zhu and Simon Lee in April 2019, Hodlnaut has grown tremendously over the years. The platform now offers up to 10.5% APY on six supported crypto assets: BTC, WBTC, ETH, DAI, USDC, and USDT.

Holdnaut 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).

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