Pokket Savings

15 New Tokens added to Pokket

By scythenoz | Singapore Crypto FI | 8 Sep 2020

What is Pokket?

Pokket is a structured savings platform that offers very attractive interests rates as compared to other lending platforms. 

Some of the coins are offering as much as over 400% interest rates per annum such as BAND and LEND.

POKKET Offerings

How Does it Work?

You simply deposit the tokens and create your savings. There are two outcomes.

Structured Savings

Outcome 1

If the interest over the week is within 10%, both the principle and interest is paid in the depositing currency.

Outcome 2

If the interest over the week is exceeding 10%, both the principle and interest is paid in the USDT or TUSD (your choice).

Is it safe?

All funds are collateralized and the collateral is stored offline (cold wallet), protecting from theft. Pokket stores 110% of customer funds in TrueUSD (Trust tokens), so it’s safe from market fluctuations. The extra 10% is just to be safe!

In my experience, I have tried it successfully with ZRX and it seems to work well with it rolling over.

ZRX Roll Structured Savings

New Tokens added

These tokens are added to Pokket this week!

7 Sep: Band Protocol (BAND), Balancer (BAL), Swipe (SXP)
8 Sep: Bytom (BTM), Decentraland (MANA), Reserve Rights (RSR)
9 Sep: SushiSwap (SUSHI), YFValue (YFV), Wrapped Bitcoin (WBTC)
10 Sep: Golem (GNT), Numeraire (NMR), IOST (IOST)
11 Sep: Matic Network (MATIC), Nexo (NEXO), PAX Gold (PAXG)

To check out the full token list, click here.

Try it out now!

If you are interested to try it out, you can use the link here to setup an account!

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Singapore Crypto FI
Singapore Crypto FI

My journey towards financial independence by leveraging cryptocurrency as one of the assets in my portfolio in sunny Singapore

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