Finblox: A guide to the new kid in town
F
inblox is a new high yielding savings app that allows you to earn interest on your digital assets. The company pays an impressive 15% APY on stablecoins.
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 Finblox?
Given the wider stagnation in the cryptocurrency markets together with rising interest rates and geopolitical concerns, investors are increasingly looking for better returns on their assets. This has led to the growth of organizations that offer high yields on well known cryptocurrencies.
These returns (upwards of 90% in some cases) compare incredibly well when you consider the low rates of interest on traditional bank savings accounts that fail to even surpass inflation.
Interest can be earned on over 15 digital assets including stablecoins, Bitcoin, Ethereum etc.
Who are Finblox?
Finblox is Hong Kong based company that was started by Dmitriy Paunin and Peter Hoang. Both individuals have prior management experience in the finance and cryptocurrency sectors.
The company has raised $3.9 million in funding rounds from the following investors:
- Sequoia
- CoinFund
- Dragonfly Capital
- Three Arrows Capital
- Emfarsis
- First Check Ventures
- Saison Capital
- Venturra Discovery
- Kyros Ventures
- Ratio
- MSA
- Orange DAO
The list of investors and capital raised is notable as it should provide some reassurance as to the stability of the company and safety of your assets.
How much can I earn?
The following table illustrates the rates of return that can be earned on your assets deposited with Finblox. Note, interest rewards are paid in the same asset as the deposit asset.
| Deposit assets | Reward assets | APY Rate |
|---|---|---|
 Axie Infinity (AXS) | Axie Infinity (AXS) | 90.0%Flexible |
 Polygon (MATIC) | Polygon (MATIC) | 20.0%Flexible |
 USD Coin (USDC) | USD Coin (USDC) | 15.0%Flexible |
 Tether (USDT) | Tether (USDT) | 15.0%Flexible |
 Samll Love Potion (SLP) | Samll Love Potion (SLP) | 10.0%Flexible |
 NEAR Protocol (NEAR) | NEAR Protocol (NEAR) | 10.0%Flexible |
 Polkadot (DOT) | Polkadot (DOT) | 10.0%Flexible |
 Solana (SOL) | Solana (SOL) | 8.00%Flexible |
 Avalanche (AVAX) | Avalanche (AVAX) | 8.00%Flexible |
 XSGD (XSGD) | XSGD (XSGD) | 6.50%Flexible |
 Bitcoin (BTC) | Bitcoin (BTC) | 5.75%Flexible |
 Ethereum (ETH) | Ethereum (ETH) | 5.75%Flexible |
 The Sandbox (SAND) | The Sandbox (SAND) | 5.00%Flexible |
 BNB (BNB) | BNB (BNB) | 5.00%Flexible |
 Dogecoin (DOGE) | Dogecoin (DOGE) | 3.50%Flexible |
How is customer support provided?
Customer support is provided by emailing support@finbloxapp.com
How are my assets kept safe?
Investors and their assets are protected in two ways: Digital asset custodian Fireblocks secures and insures assets. Crypto insurance platform Coincover also plays a role in protecting the platform.
Finblox FAQs
Mike
An editor at CoincropMike 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 putting his latest car project back together.
