There are lots of options in the crypto market to earn interest on your HODL-ing if you aren't keen to take on the wild journey of trading.
Crypto.com has options to earn 3-6% on a wide range of tokens, up to 12% APR on stablecoins, and up to 18% on their own native tokens MCO and CRO. However, they do lock in the amounts you deposit for 3 months.
Nexo has 4-10% APR on tokens, with daily compounding, offering additional benefits with their native token NEXO
YouHodler has a wide range of tokens too, 12% APR on stablecoins too, they pay the APR weekly (as do Crypto.com), however there are no lock in periods. There is also a Multi-HODL options where you predict the direction of the market and can potential make 250%+ APR per year. But this requires you to be looking at charts and knowing market fundamentals and ultimately is a form of trading.
So I was wondering if there was a way to grow your crypto and your wealth whilst waiting for the market to mature and prices to reach their all-time highs and beyond. Then I found it!
Pokket
Above: Interview from December 2019 with the CEO
Pokket is different from any other service that I've seen for two key reason. Firstly, the APR levels are immensely high on tokens with high liquidity. Secondly and very importantly, you deposit is collateralised 110%
This extra security is unprecedented for this area of DeFi. In fact, most other services will let you know that there is risks of you not getting back your deposit if using their APR based crypto services.
Below is a screenshot of the top current tokens. There are 36 in total including BTC and ETH but with very low APR rates.
You can see that LRC Loopring is current a 300.04% annualised rate! 5.77% per week!
To explain how powerful this is with their automatic rollover function, let's assume this rate stays fairly flat.
$50 investment into Loopring at the moment would give you approx. 650LRC. At the end of one year, you would have 12,016LRC (1748% increase)
From 30th June 2019 ($0.0575) to June 30th 2020 ($0.0759), LRC increased 31.9%, if we re-use this (and I'm almost certain this is the absolute minimum to expect over the next 12 months from LRC), they would be worth $0.10 each taking your investment to $1,201.60 (2303% increase)
If you can name anywhere else that you can hit greater than 1748% without being lucky and in the right place at the right time, then I'm all ears!!
Do some research, watch the interview, and then don't hesitate to sign up to keep accumulating!
