April 2022 guide to Hodlnaut saving products

April 2022 guide to Hodlnaut saving products

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Chris
Chris

An editor at Coincrop


23 Apr 2022 | 6 min read
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odlnaut is a licensed cryptocurrency financial service provider located in Singapore but operating worldwide. It offers earning, borrowing and trading products with support for 8 major assets. 

In this guide:

Disclaimer: All of the information written on Coin Crop is without influence and based on our analysis. No guarantee is offered concerning the accuracy of this information and therefore, any individual following up on it does as such completely at their own risk. Rates are correct at time of publication.

What is Hodlnaut?

Hodlnaut is a cryptocurrency earning, lending and trading platform.

The company describes its products as:

Hodlnaut's leading APY rates and custody cover puts your crypto to work for you. We've created market leading conditions to ensure your crypto not only grows, but is safe in storage and transit.

The company offers: 

- Earning on 8 cryptocurrency assets (including stablecoins)

- Swapping between assets

- Flexible and fixed term deposit assets

- Cryptocurrency loans to institutions only

What is the history of Hodlnaut?

The Hodlnaut history can be chronically as follows:

- April 2019: Hodlnaut is founded

- January 2021: Assets held of $106 million

- March 2021: Token swap feature launched

- April 2021: Assets held of $234 million

- May 2021: Visa and MasterCard payments enabled

- August 2021: Tiered rates added

- April 2022: Launch of Terra and TerraUSD

How much can I earn?

Hodlnaut offers both flexible and fixed term saving products.

Rates on flexible term products are tiered. The following table shows rates you can earn for flexible deposits:

Deposit assetsReward assetsAPY Rate

Wrapped Bitcoin (WBTC)

Wrapped Bitcoin (WBTC)

5.33%

0 - 1 WBTC

Flexible

Wrapped Bitcoin (WBTC)

Wrapped Bitcoin (WBTC)

5.02%

1 to 1.5 WBTC

Flexible

Wrapped Bitcoin (WBTC)

Wrapped Bitcoin (WBTC)

1.51%

1.5 to 2 WBTC

Flexible

Wrapped Bitcoin (WBTC)

Wrapped Bitcoin (WBTC)

1.00%

Above 2 WBTC

Flexible

TerraUSD (UST)

TerraUSD (UST)

13.9%

Flexible

Tether (USDT)

Tether (USDT)

9.41%

0 - 100k USDT

Flexible

Tether (USDT)

Tether (USDT)

3.04%

100 to 500 USDT

Flexible

Tether (USDT)

Tether (USDT)

0.60%

500 to 1000 USDT

Flexible

Tether (USDT)

Tether (USDT)

0.10%

Above 1M USDT

Flexible

USD Coin (USDC)

USD Coin (USDC)

9.41%

0 - 100k USDC

Flexible

USD Coin (USDC)

USD Coin (USDC)

3.04%

100 to 500 USDC

Flexible

USD Coin (USDC)

USD Coin (USDC)

0.50%

500 to 1000 USDC

Flexible

USD Coin (USDC)

USD Coin (USDC)

0.10%

Above 1M USDC

Flexible

Terra (LUNA)

Terra (LUNA)

6.71%

Flexible

Ethereum (ETH)

Ethereum (ETH)

5.44%

0 - 30 ETH

Flexible

Ethereum (ETH)

Ethereum (ETH)

4.08%

30 to 100 ETH

Flexible

Ethereum (ETH)

Ethereum (ETH)

3.04%

Above 100 ETH

Flexible

Dai (DAI)

Dai (DAI)

8.32%

0 - 25k DAI

Flexible

Dai (DAI)

Dai (DAI)

5.12%

25 to 100 DAI

Flexible

Dai (DAI)

Dai (DAI)

3.04%

100 to 500 DAI

Flexible

Can I borrow from Hodlnaut?

Borrowing from Hodlnaut is only possible for institutions at this time.

Are my assets safe with Hodlnaut?

Hodlnaut has been certified by Singapore Fintech Association – this accreditation is recognized by the Monetary Authority of Singapore (MAS).

Additionally, Hodlnaut has been gived an in-principle approval (IPA) for a Major Payment Institution License in Singapore.

How do I use Hodlnaut?

There are three ways that the Hodlnaut services can be used:

- Android application

- Apple iOS application

- Web site

How is customer support provided?

Customer support is provided as follows:

- Email: info@hodlnaut.com

- Live chat support at https://www.hodlnaut.com/

- Messages sent through the web site

Hodlnaut does not provide a telephone number. The business hours are Monday to Friday 10am to 7pm (GMT +8).

Are there any referral or affiliate programs?

Hodlnaut operates programs for both individuals and commercial partners as incentives for bringing new customers.

The referral program pays $30 of USDC to both the new customer and the referring individual once a minimum account balance of $1,000 has been maintained for 30 days.

The referral of individuals is done so using a unique referral link.

Organizations such as web site properties or social media channels can earn between 15 and 25 USDC for new customers that join Hodlnaut as part of an affiliate program.

Hodlnaut FAQs

The Hodlnaut headquarters are located in Singpoare. It also has an office in Hong Kong.

Hodlnaut has raised $100k in pre-seed funding.

You start earning interest immediately after a deposit is made. A snapshot of your account balance is taken at 5pm (GMT +8) every day. Interest is then calculated on that balance for the day. The total amount of interest calculated for the week is compounded weekly. Interest is credited to your account every Monday at 5pm

By default, interest is paid in the same currency as the deposit. It is possible to specify earning interest in a different asset.

Hodlnaut services are not available in the following countries: Iran, North Korea, Sudan, South Sudan, Syria, Cuba or any other country specified by the Sanction Authority.


Chris

Chris

An editor at Coincrop
View articles

Chris is a Crop Crop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely assembling lego models.


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