The cryptocurrency industry has been constantly evolving since Bitcoin made its first appearance over a decade ago. What started as a simple, decentralized, peer-to-peer method for value exchange has now given birth to Decentralized Finance (DeFi) movement. By leveraging the benefits of cryptocurrency’s underlying blockchain technology, DeFi offers a range of alternative financial services that are close to, if not on par with many of its counterparts in the traditional financial sector.
Over time, the adoption of cryptocurrencies has increased among people. Many opt for cryptocurrencies as part of their investment portfolio and hodl it with an expectation of its value appreciating in the near future. But what if there is an opportunity where their crypto funds actively generate returns in the form of interest over regular intervals while they wait for their value to appreciate? This is where platforms like Hodlnaut enters the picture, providing the crypto community with a way to invest their holdings and earn interest on it.
Based out of Singapore, Hodlnaut is a financial services platform that was launched in April 2019. The platform comes under the gambit of the Monetary Authority of Singapore (MAS), and satisfies all the regulatory requirements of Digital Payment Token license (DPT license) which is yet to be issued under the recently introduced Payment Services Act (Jan  28, 2020).
Hodlnaut is designed mainly for individual investors, enabling them to earn interest on cryptocurrencies by lending it to margin traders in the form of crypto loans. The platform currently supports three major cryptocurrencies viz., BTC, USDT & USDC while offering annual compounded interest rates ranging from 6% to 8.3%, depending on the type of cryptocurrency. All deposits on Hodlnaut automatically earn the best interest rate, depending on the market demand and previous month earnings.
The platform is a creation of two entrepreneurs Juntao Zhu and Simon Lee, together holding a collective experience in financial software development, cryptocurrency trading, designing arbitrage and investment strategies, and more. Their project is backed by some of Asia’s leading institutional digital asset traders and VC firms including Antler, Three Arrows Capital, Sparrow, Singapore Management University and BitGo. It is also worth noting that Hodlnaut is also a member of the prestigious Singapore Fintech Association.
Making it as simple as possible for its target audience – individual investors, the platform offers an easy sign up process with a no-nonsense user-friendly interface. While opening an account on Hodlnaut, users should mandatorily complete the KYC process. Once done, they can access all the account related information and manage their investments from the dashboard. Further, the platform doesn’t enforce any minimum deposit or minimum lock-in period policies to ensure users are always in control of the funds.
Hodlnaut is gradually gaining popularity among crypto users as a trustworthy platform to earn better returns on their crypto investments, thanks to their flexible deposit and withdrawal options, better interest rates and state-of-the-art security features. Having operated for a bit over a year, the platform has already registered more than 500 investors and assets over 750 BTC, which continues to grow with more investors prepared to jump on to the bandwagon.
Join Hodlnaut at – https://app.hodlnaut.com/signup
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