Source : coinquora.com
- YouHodler has added 10 new cryptocurrencies to their listing
- Only coins with real applications and in the top 100 in CoinMarketCap are listed
- Users can receive up to 12% interest for staking, saving, or lending activities without being technology savvy
Fintech platform YouHodler has announced that it has added 10 new cryptocurrencies to its trading, staking, and lending platform. The goal of the platform is to ensure that crypto-asset hodlers, receive more benefits for holding cryptocurrencies with real application to the crypto community.
The platform’s new listings include FTX Token (FTT) and Zilliqa (ZIL) which users can receive up to 5.5% interest depending on the amount used for saving, staking, and lending. This makes it the first exchange in the world to offer such pay for the two tokens. Other cryptocurrencies in the new listing are Near Protocol (NEAR), PancakeSwap (CAKE), Cosmos (ATOM), Avalanche (AVAX), BitTorrent (BTT), Elrond (EGLD), Filecoin (FIL), and 1inch Network (1INCH).
With the returns received from the investments, users can make budgets for the future since their return is specified from the onset. Only cryptocurrencies in the top 100 in CoinMarketCap market capitalization are listed in the fintech platform.
Prior to these new listings, YouHodler had been paying interest on cryptocurrencies like Bitcoin (BTC), Tether (USDT), Ethereum (ETH), PAX, Binance Coin (BNB), HT, XRP, USDC, XLM, HUSD, and TUSD. The platform ensures that assets held in it are secured with the use of Ledger Vaults and Fireblocks.
The CEO and Founder of YouHodler, Ilya Volkov noted that, unlike the technicalities involved in the Decentralized Finance (DEFI) staking and farming process that also requires paying of two assets, YouHodler ensures that its users can receive up to 12% returns without any knowledge of DeFi staking by staking or depositing just one asset.
The interest received can be converted to stable coins or other coins in the platform, thereby generating a passive income for them without stressing themselves with the technical skills required for crypto trading.