Introducing The Definda Score

Did you know that we test every crypto platform thoroughly before listing them on DeFinda? We use the wallets, try the savings and loan products, do some exchanges and make some withdrawals. All this information is summarised in our detailed platform reviews.

Now to make it even easier to compare platforms, we have added DeFinda Scores to our reviews.

The DeFinda Score shows at a glance how strong each platform is in each of the key aspects that we assess. Each aspect is assessed objectively and impartially, and we provide a detailed report explaining how each score was arrived at. We have paid particular attention to risk management and withdrawals, two key issues over the recent months.

Each platform has its own unique strengths and weaknesses. Some platforms have focused on excellent savings rates, but a small selection of cryptos. Others have focused on supporting as many cryptos as possible but offer less competitive rates. Our side by side comparisons show at a glance where these strengths and weaknesses lie.

You can do your own side by side comparisons of any platform just by ticking the compare box on the platforms page:

AQRU Ten

AQRU continues to launch new products at a pace. This week they have launched AQRU Ten, which is effectively a fund of the top ten cryptocurrencies, excluding stablecoins. By making a single investment you can gain exposure to a balanced portfolio of the top ten cryptocurrencies. 

AQRU claim that exposure to a balanced portfolio has outperformed holding Bitcoin alone.

The portfolio is balanced according to the marketcap of the top coins. Each week the portfolio is rebalanced on this basis. This means bitcoin will be your biggest holding, with ethereum second, and these two coins will make up the bulk of your investment. You will then have a small investment in the other top ten coins such as Solana and Cardano.

The product has a simple fee structure. There is a one off charge of 0.35% when you buy into the fund and another 0.35% fee when you sell the fund. There are no other fees associated with the product.

YouHodler Dual

YouHodler has also launched an interesting high-yield product this week. YouHodler Dual is an ultra short-term high yield investment product that allows you to take a position on a currency pair, with a guaranteed return irrespective of whether the pair increases or decreases in price.

The term of the investment is very short, ranging from just 12 hours to 2 days. The yield offered is very high, with some currency pairs offering yields of over 300% APR. The yield is stated on an annualised basis, so the actual yield that you earn for a one-day position will only be a fraction of this. Nonetheless, the yield being offered is substantial.

You are guaranteed to receive the yield irrespective of whether the price of the currency pair goes up or down. However, the currency you are paid out in varies depending on the price movement.

Let's say you take a position on the BTC/USDT pair. If the price of BTC measured in USDT goes up during the term then you will receive your payout in USDT. If the price goes down then you will receive your payout in BTC. Either way, you will receive the stated APR.

YouHodler Dual is an interesting product and offers substantial returns. However if you want to be sure that your investment currency (say BTC) is not converted into a different currency (say USDT) at the end of the term then this might not be the right product for you.

Finally, the market seems to be holding steady this week and maybe even showing some slight optimism. The FED is hinting that there aren't too many more rate rises to come, and contagion from the various crypto crises earlier this year is hopefully coming to an end.

We welcome any feedback, so please just email us at info@definda.com if you'd like to get in touch.

Matt & the DeFinda team