The SingaporeCrypto-Based Lending Platform Will Now Support PAX Gold (PAXG)
SINGAPORE, July 12, 2022 /PRNewswire/ — Singaporean crypto lending and borrowing firm Hodlnaut has just announced the launch of a new asset, PAX Gold, otherwise known as PAXG.
Hodlers can earn interest on seven supported assets: BTC, ETH, USDC, USDT, DAI, WBTC, and the new PAXG. Effective rates for PAXG open and fixed terms are as follows:
Term deposits
|
Levels |
APY |
|
No level limit |
1% |
Term deposits
|
Term |
APR |
|
1 month |
1.02% |
|
3 months |
1.05% |
|
6 months |
1.10% |
|
9 months |
1.15% |
|
12 months |
1.20% |
“PAX Gold is a cryptocurrency that offers the benefits of physical ownership of gold but with the speed and liquidity of a digital asset. We seek to provide our users with access to assets that we believe are recession proof in these uncertain times amidst the bleak macroeconomic backdrop,” said Juntao, CEO and Co-Founder of Hodlnaut.
Users can start earning PAXG from July 8, 2022, 5:00 p.m. (GMT+8). They can use the full suite of features, including Hodlnaut’s token exchange, preferential interest payout, fixed term deposits, and interest account.
For a limited time, Hodlnaut will be running a promotion to celebrate the launch of PAXG. Users who trade to PAXG will receive an additional 0.5% PAXG bonus. Click here to learn more about this campaign.
With this latest introduction of PAX Gold and plans to launch new products in the coming months, Hodlnaut remains committed to growing the business and fighting the bear market. In the coming weeks, Hodlnaut will add products to its suite to improve the user experience more seamlessly. Users can view the product roadmap coming soon for more details.
About Hodlnaut
Hodlnaut is a SingaporeCryptocurrency lending and borrowing platform that allows users to earn up to 7.25% interest on their cryptocurrencies by lending them to approved institutions. Founded in April 2019 by bitcoin maximalists Juntao Zhu and Simon LeeHodlnaut has grown tremendously over the years.
Hodlnaut has received Approval in Principle (IPA) for a Major Payment Institution License in Singapore of the Monetary Authority of Singapore (MAS) under the Payment Services Act (PS Act) for its token exchange functionality. The company is also Fintech certified by the Singapore Fintech Association, an accreditation recognized by the MAS.
For more information, please visit www.hodlnaut.com.
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SOURCE Hodlnaut
