Hodlnaut Launches Interest-Earning Fixed-Term Deposits for Cryptocurrencies

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

As part of its Lock and Earn initiative, cryptocurrency interest-earning platform Hodlnaut announced the launch of its new feature: fixed-term deposits.

Unlike Hodlnaut’s current open-term deposit, the fixed-term deposit will allow retail users to earn the highest interest rates the company offers. This feature is built to help users earn high interest rates and grow their cryptocurrencies while holding their coins with Hodlnaut.

“With the prevailing volatility in the crypto market, investing in fixed-term deposits offers attractive interest rates along with the safety of funds and liquidity. Hodlnaut’s fixed-term deposit feature is launched with the same idea to offer assured returns to our valued users,” Hodlnaut CEO and Co-Founder Juntao Zhu said.

How it Works

Hodlnaut’s new fixed-term deposit feature enables users to lock up their cryptocurrencies for 30, 90, or 180 days and capture high interest rates. Users can benefit from higher rates the longer they lock their fixed deposits with Hodlnaut. The platform currently supports six cryptocurrencies: Bitcoin (BTC), Wrapped Bitcoin (WBTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), and Dai (DAI).

An important note: Interest on fixed-term deposits is paid upon maturity and is not compounded weekly. The total payout of users opting for a fixed-term deposit will be unlocked at 5.30 p.m. Greenwich Mean Time plus eight hours (GMT+8) on the date of maturity, and users will start earning interest based on the tiered interest rates.

Click here to learn more about the interest rates and here to learn more about fixed-term deposits.

About Hodlnaut

Hodlnaut is a crypto-based interest and loan financial services company with a mission to help investors get the most out of their cryptocurrency investments. Hodlnaut provides investors with some of the most competitive interest rates in the cryptocurrency world, some of which amount to an annual percentage yield (APY) of up to 12.73%.

Hodlnaut operates in a niche space in the crypto world. Instead of building exchanges like Coinbase Global Inc. COIN or running mining operations like Marathon Digital Holdings Inc. MARA, Hodlnaut is a company focused on creating passive income streams for cryptocurrency investors.

With more than 10,000 users and $500 million in assets, Hodlnaut aims to become the first regulated entity in Singapore within the crypto lending and borrowing space and is undergoing the license application process under the Payment Services Act of 2019.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.