After 16 weeks of relentless market drops or sideways action, we have finally started to see upwards movement in the market this week. It's still very early days, with plenty of macro economic headwinds still in place, including recession threats in many countries and short-term rising interest rates. Nonetheless, it is great to see some positive market action and this hints that contagion from the various crypto crises
YouHodler has launched an interesting currency pair investing product this week called Dual. The product allows you to invest in a specific currency pair, for example BTC/USDT. You can use either BTC or USDT to invest in the pair. You will then earn interest on that pair irrespective of whether the price of the pair goes up or down.
In the example of the BTC/USDT pair, if the price of BTC measured in USDT goes up 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.
The yields being offered a very high, often 100% APR or more, and the investment term is very short, ranging from just 12 hours to 2 days.
You will need to consider your tax position when investing in this product because if your currency gets converted as part of the process then you may be realising a tax capital gain.
Did you know that DeFinda offers a Crypto APY Interest Calculator? The free tool allows you to enter your deposit amount, crypto platform and product and in return calculates your potential earnings. The tool allows you to quickly experiment with different deposit currencies, loyalty levels and deposit terms to find the best strategy.
The calculator considers tiered interest rates, which are common across many crypto platforms these days and shows you the tier breakdown and a chart of the different tier levels so that you can easily see at what level the interest tapers away. Charts of earnings vs term length are also provided to make it easy to see if a longer term length is worthwhile.
Finally the tool shows you what that same deposit could earn across the other available platforms.
|CeFi||6% APY||Up To 0.1 BTC||Go|
|CeFi||4% APR||Up To 0.1 BTC||Go|
|CeFi||4% APY||Up To 0.8966 BTC||Go|
|CeFi||3% APR||Up To 3.586 BTC||Go|
|CeFi||1.6% APR||Up To 1.076 BTC||Go|
|CeFi||1.5% APY||Up To 0.01 BTC||Go|
The competition for stablecoins is warming. US-based companies avoid cooperating with Asia-based...
Open source projects allow masses to contribute and develop the product. This process is more...
The crypto markets finally showed a strong reaction. We didn't hear bad news and rumours about...
It's time to take a step back and look at the current state of the crypto market and where...
Get $100 free in USDC when you deposit $2,000
Enter promo code: 9S39TN
When you deposit $11,000
Enter promo code: HPYBDY
When you deposit $1,000 or more in CRO
Enter promo code: ugmfpp539h
When you take out a loan
When you deposit $100 or more in assets on the platform
When you buy or sell more than $100
Earn $10 USD for any friend that you refer to Kraken
When you buy or sell £100 in crypto
Enter promo code: 49TMGG
Earn 10% of all commission fees paid by friends that you refer to Bittrex
Enter promo code: ZEJ-GI4-2VS
When you take out a Binance card
We always rank and compare products objectively and impartially.
We carefully research products for legitimacy before adding them to the platform.
We never sell or disclose your data to anyone.