New coins on BlockFi!
BAT, DAI & UNI
BUY & EARN
We have some exciting news for BlockFi clients. You can now buy and earn compound interest in crypto on Dai (DAI), Basic Attention Token (BAT), and Uniswap (UNI). Adding these exciting cryptoassets to our platform is part of BlockFi’s continuing mission to help improve the earning potential of our clients.
DAI
Launched in November 2019, DAI* is the first decentralized, collateral-backed cryptoasset. As a stablecoin, DAI’s price is soft-pegged to the US dollar and collateralized by a mix of other cryptoassets that are deposited into smart-contract vaults every time new DAI is minted.
BlockFi clients will be able to earn monthly compounding crypto interest on DAI held in a BlockFi Interest Account (BIA) at an introductory rate up to 8.5% APY through July 31, 2021.** The rate will be updated in August based on market conditions.
BAT
The Basic Attention Token (BAT) is used by a blockchain-based system for tracking media consumers' time and attention on websites using the Brave web browser. BAT has a $2.3 billion market capitalization and a 24-hour trading volume of approximately $560 million.
BlockFi clients will be able to earn crypto interest on BAT held in a BlockFi Interest Account (BIA) at a special promotional rate up to 3.65% APY through July 31, 2021.** The rate will be updated in August based on market conditions. Clients will also be able to buy BAT with other cryptoassets supported on our platform.
UNI
UNI is an ERC20 token issued by the Uniswap Protocol, a platform that’s intended to provide a highly decentralized financial infrastructure that facilitates community-led growth, development, and self-sustainability.
Launched in 2018, Uniswap is a decentralized exchange that aims to create liquidity, primarily through trading, within the decentralized finance (DeFi) space, while addressing some of the liquidity issues that other platforms have encountered. Investors contribute to Uniswap pools by locking two assets into a smart contract, and they receive UNI, plus a portion of the trading fees, in exchange for maintaining liquidity in these pools.
BlockFi clients holding UNI in a BlockFi Interest Account (BIA) will be able to earn monthly compounding crypto interest at an introductory rate of up to 3.75% APY through July 31, 2021.** The rate will be updated in August based on market conditions. Clients will also be able to buy UNI with other cryptoassets on the BlockFi platform.
Read our latest blog posts on DAI, BAT, and UNI to learn more about these new offerings to the BlockFi platform. Start earning interest in crypto on any of these new cryptoassets by funding your account or trading today.
*Please note: BlockFi will only be supporting Multi-Collateral Dai (DAI) on the platform, not Single-Collateral Dai (SAI). BlockFi is not responsible for any funds lost or made irrecoverable due to trying to receive unsupported assets, wallets, or networks.
**Terms Apply
Disclaimer:
Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections.
For more information, please see BlockFi's Terms of Service
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