September 11, 2020
Ever since Bitcoin made its appearance nearly a decade ago, it helped the cryptocurrency progress continuously. It started as a simple, decentralized, peer-to-peer method for value exchange, and now it has birthed Decentralized Finance (DeFi) movement.
By leveling the benefits of cryptocurrency’s fundamental blockchain technology, DeFi has offered a range of alternative financial services that are almost the same as many of its counterparts in the average financial sector.
The adoption of cryptocurrencies has been increasing amongst many individuals as time went by. Many have preferred cryptocurrencies to be a part of their investment portfolio, and HODL expects it to gain in the short run.
If there will be an opportunity where crypto funds will actively generate returns in the form of interest, this is where platforms like Hodlnaut take action; they provide the crypto community with ways to invest their holdings and earn interest from it.
Hodlnaut is a financial services platform based in Singapore and was launched in April 2019. This platform came under the Monetary Authority of Singapore (MAS) and satisfied all the needed requirements of the Digital Payment Token license (DPT license). This is yet to be issued in the recently introduced Payment Services Act.
This platform is designed mainly for individual investors; it enables them to gain interest in cryptocurrencies by lending money to margin traders in crypto loans. As of now, it supports three significant cryptocurrencies naming, BTC, USDT & USDC, all the while offering annual compounded interest rates ranging from 6% to 8.3%, it depends mainly on the type of cryptocurrency. The deposits on Hodlnaut automatically earn the best interest rate, liable to the market demand and former month earnings.
Juntao Zhu and Simon Lee, the platform creators, have been holding a collective experience in financial software development, cryptocurrency trading, designing arbitrage and investment strategies, and more. The project is backed up by some of Asia’s leading institutional digital asset traders and VC firms that include Antler, BitGo, Sparrow, Singapore Management University, and Three Arrows Capital. It is also known that Hodlnaut is a member of the famous Singapore Fintech Association.
Hodlnaut offers an easy sign-up process with a user0friendly interface making it simple for its target audience – the individual investors. When one opens an account on Hodlnaut, they should complete the mandatory KYC process. After that, they can access all the account-related information and manage their investments from the dashboard. Furthermore, the platform doesn’t enforce minimum deposit or minimum lock-in period policies to ensure that the users always control them.
Gradually gaining popularity among crypto users, Hodlnaut is now seen as a trustworthy platform to earn returns on their crypto investments. Thanks to their flexible deposit and withdrawal options, better interest rates, and state-of-the-art security features. For operated over a year, the platform has already registered more than 500 investors and assets nearly above 750 BTC; it continues to grow with more investors participating in the group.