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Trading

Growing Crypto Assets During Market Volatility with Hodlnaut

Published by Wanda Rich

Posted on August 11, 2021

Featured image for article about Trading

By Sofia Kim, Hodlnaut

It is no secret that the cryptocurrency market is volatile, as shown by the extreme price swings of Bitcoin and other currencies. Indeed, the first half of 2021 was a rollercoaster ride for crypto enthusiasts.

One way to cushion the negative impacts caused by market volatility is to deposit crypto assets into interest accounts that would help generate greater yield. One such platform that allows you to do just that is Hodlnaut.

What is Hodlnaut?

Hodlnaut is a Singapore-based platform that was founded in 2019. It offers financial services to investors, allowing them to earn interest on their cryptocurrencies. This would enable hodlers to maximize the productivity of their crypto assets by earning interest on them. This is especially relevant during market volatility since earning interest on cryptocurrencies can help to mitigate the price swings. At present, Hodlnaut has 5000 users and an AUM of $250 million.

Hodlnaut is also recognized by the Infocomm Media Development Authority (IMDA) of Singapore. Moreover, it is known to be backed by some respectable companies in Asia such as Three Arrows Capital, Singapore Management University, and global VC firm – Antler.

How to Grow Crypto Assets with Hodlnaut?

Earn Interest on Crypto

The main feature of Hodlnaut is its crypto interest account. Users can earn up to 7.5% APY on Bitcoin and 12.7% APY on stablecoins. The crypto assets deposited into the Interest Account will begin accumulating interest at a compounded rate. Individuals and crypto enthusiasts alike who have assets such as Bitcoin and Ethereum can then sign up for an account to start depositing to earn interest.

Hodlnaut currently supports six different currencies namely, Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), DAI, and Wrapped Bitcoin (WBTC). It uses a tiered interest structure where users can earn 7.5% APY with a maximum deposit of 2 BTC and 12.7% APY with a maximum deposit of 25,000 in stablecoins.

Additionally, Hodlnaut recently launched its Preferred Interest Payout feature, which allows users to opt for the currency on which they prefer earning interest. There are also no minimum deposits and lock-in periods, and the interest is paid out in-kind on a weekly basis.

Earn More with Hodlnaut’s Affiliate Program

Another way users can grow their crypto assets during market volatility is through Hodlnaut’s Affiliate Program. Each Hodlnaut user is able to access their unique referral link through the platform. They are then able to share their link with others. All they would need to do is invite a friend to join Hodlnaut using their link and earn 10% of their friend’s interest. This allows them to generate a more yield on their initial deposit.

VIP Fixed-term Loan

Users looking to hold their crypto assets for the long term can consider Hodlnaut’s VIP Fixed-term Loan. It offers users the highest interest rates though they would have to hold their crypto with Hodlnaut for a mutually agreed-upon term. In order for users to be eligible for the VIP Fixed-term Loan, they would need to meet the following requirements:

Lock in their cryptocurrency with Hodlnaut for either 1, 3, or 6 months.
Deposit an equivalent of 100 BTC or more in a single asset class.
Hold the fixed-term balance till the end of the term.

This feature provides a higher return on cryptocurrencies. When users opt for the VIP Fixed-term Loan, the interest earned is calculated based on the Annual Percentage Rate (APR) and paid out at the end of the term in a single payout. Hence, the interest would not be compounded.

Hodlnaut’s iOS Mobile App

To make growing crypto assets during market volatility more convenient, Hodlnaut has just launched its iOS mobile application to allow users to earn crypto interest while on the go. Just like the website, the mobile app allows users to access information easily, deposit and withdraw their crypto assets, and manage their holdings.

The current version comes equipped with a wide range of features from signing up for an account to identity verification. In addition, users can even check their interest statements and manage account settings at their own convenience. The app also allows users to join Hodlnaut’s Affiliate Program, where they can earn a 10% commission on their friend’s interest for every successful referral.

Plus, the app is integrated with applications such as WhatsApp and Telegram so users can export their transactions easily. And if that’s not impressive enough, the app is also protected with a pin and face identification to ensure all information is secured.

In Conclusion

In times of market volatility and uncertainty, there are numerous ways crypto enthusiasts can mitigate the repercussions presented by the market. One way to do so is by depositing their crypto assets into interesting earning accounts. Hodlnaut is thus an ideal option for those looking to grow their crypto assets. And with the new iOS app, hodlers can manage their portfolios while on the go.

To ensure security, Hodlnaut has integrated Fireblocks, iTrust, Nexus Mutual, as well as two-factor authentication. Users can also only withdraw funds to addresses that are whitelisted to block off any potential hacks.

Sign up for a free account on Hodlnaut to hedge against any downsides of market volatility. Feel free to send an email to support@hodlnaut.com if you have any questions.

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