One of the easiest ways to start earning interest on your cryptocurrency is through lending.
There are quite a few popular platforms that facilitate lending, and one of them is Hodlnaut.
Hodlnaut is a Singapore-based cryptocurrency borrowing and lending platform that allows users to earn interest of up to 12.73% on their cryptocurrencies by lending them to vetted institutions. Founded in April 2019 by bitcoin maximalists Juntao Zhu and Simon Lee, Hodlnaut has grown remarkably over the years.
Hodlnaut has received an in-principle approval (IPA) for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PS Act) for its Token Swap feature. The firm is also a certified Fintech by the Singapore Fintech Association, an accreditation recognized by the MAS.
How Do I Earn with Hodlnaut?
Hodlnaut Crypto Interest Account lets you earn interest on crypto with up to 6.71% APY on Bitcoin and 12.73% APY on stablecoins. It is a flexible deposit account with no lock-in periods or minimum deposits. Interest is credited directly into your Hodlnaut account on a weekly basis.
The cryptocurrencies that are currently supported are BTC, DAI, ETH, USDC, USDT, WBTC. While buying and selling crypto using fiat currency is not supported, the token swap feature allows you to buy and sell between all the supported cryptocurrency pairs.