The yield-bearing wallet seamlessly integrates with Matrixport’s “Flexi Saving” product, allowing users to earn interest by depositing their cryptocurrencies and withdrawing them at any time without fees. The enhanced yield-generating wallet currently supports 19 popular utility coins and tokens, including SOL, DOT, LINK, and DOGE, with more token listings planned.
Interest rates are compounded hourly, so users are rewarded with a higher annual percentage yield (“APY”). The APY is dynamically adjusted proportionally by an algorithm based on utilization rates.
Cynthia WuHead of Sales and Business Development, Matrixport said, “We recognize that every satoshi matters. The ‘yield wallet’ enables greater capital efficiency with cryptos that would otherwise lie dormant in wallets, and earn Returning is also facilitated by a simple hassle-free one-click feature. Now our users can start earning with their balance in the wallet.”
Key features of Matrixport’s Yield Bearing Wallet include:
- One-click functionality: Automatically save all balances in Flexi Saving with just one click
- Flexible deposit and easy withdrawal: Deposit and withdraw at any time
- No charges: Enjoy zero fees when transferring to and from Flexi Saving
- Compound interest per hour: Interest is calculated after a successful purchase and will accrue hourly
- Open and transparent: Data such as total supply, usage, APY and current stream balance are published in real time so that users can make appropriate investment decisions based on their investment needs
- APY proportional to the utilization rate: The higher the utilization rate, the higher the APY
- Automatic recharge: Once activated, transfers are automatically triggered when the wallet balance exceeds the minimum deposit amount, improving financial efficiency and allowing unused funds to earn interest.
For more information, please see the product sheet.
Matrixport is one of from Asia fastest growing digital asset financial services platforms. With $10 billion in assets under management and custody, it provides one-stop crypto financial services with over $5 billion in average monthly transaction volumes. Offerings include Cactus Custody™, spot OTC, fixed income securities, structured products, loans as well as asset management.
Based at Singapore, Matrixport’s mission is to make crypto easy for everyone and its motto is “Get more from your crypto”. The company holds licenses in hong kong and Switzerland with more than 280 employees serving institutions and retail customers across Asia and Europe. For more information, visit www.matrixport.com.
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SOURCE matrix port