Recognized for its innovative approach towards taking the complexities out of DeFi so even the most novice crypto users can tap into the financial wonders of digital assets, YouHodler continues its mission of servicing the masses by including listing 5 more tokens in its 40+ token options, this time with meta tokens.
Meta Services
Using 3D, VR and AR technologies, the decentralized world is at the cusp of making the dream of author Neal Stephenson’s concept of metaverse a reality. Creating whole virtual worlds that users can explore, build upon and even conduct financial and business activities, the metaverse is a new rage and the logical successor of the internet as we transition from web2.0 to web3.0.
Sensing a major lack of support in the web2.0 world for metaverse tokens, YouHodler has increased its supported list of tokens and coins to include the top 5 meta assets. You can now avail the complete services of YouHodler using MANA (Decentraland), SAND (Sandbox), AXS (Axie Infinity), ILV (Illuvium) and GALA (Gala).
While YouHodler users will be able to stake their meta tokens and up to 3% APR on their assets that is compounded weekly, a special month-long promotion is also in place that boosts interests as much as ten folds (up to 30% APR).
On the launch of the new service, YouHodler CEO Ilya Volkov said,
“...we feel offering new tokens such as these give our clients access to the metaverse’s potential combined with our innovative digital asset tools.”
Scratching the Surface
As time progresses, there may be more meta tokens added to its expanding list of supported assets, but YouHodler has eyes on much more. As metaverse platforms start delivering on their promises, it is expected that there will be a major shift towards buying virtual estates such as lands and properties (given the speed of its adoption).
YouHodler plans to let people use their virtual properties as collateral for loans, allowing them instant access to liquidity without the need of selling their dream homes or online business locations. Putting up properties for loans and mortgages is a common practice in the real world and YouHodler sees no reason that this will not be a norm in the future when it comes to metaverses.
And why stop at virtual estates? Any NFT with enough value and demand may be on the table soon.
Rise of Metaverses
With technology finally catching up to the concept set by the author Neal Stephenson in his 1992 novel Snow Crusher, the metaverse is a loose term that includes everything that can be used to create a virtual world, in 2D or 3D, using various interactive technologies like computer displays and even augmented or virtual reality devices. With a boom in recent years, metaverse has found the perfect partner in crypto tech for digital assets and ownership. As the world is already starting to experiment with the shift from web2.0 to web3.0, YouHodler finds that it is in the perfect position to help promote the movement and help meta token holders at the same time to build their financial portfolio,
“Web3 and the metaverse represent the next iteration of the internet. At YouHodler, we want to help our clients utilize their crypto in a positive way instead of just buying and holding.” continued YouHodler CEO Ilya Volkov.
Based in the EU and Switzerland, YouHodler offers loans, token exchange and staking services to its users with more than 40 listed tokens with crypto, fiat and stablecoin options. Their most favored is stablecoin staking with as much as 12.3% APR interest, auto compounded weekly.
