Happy Friday everyone! We have some fantastic news for you heading into the weekend. Today, we are beyond thrilled to announce that Solana is joining the YouHodler family! Yes, that means you can use Solana’s native token SOL for crypto-backed loans, universal currency exchange, multiplying with Turbocharge, longing and shorting with Multi HODL and of course, earn 7% APR with our savings accounts (plus compounding interest).
Until June 20th, all users can earn 10% APR plus compounding interest on SOL as a promotional bonus.
YouHodler Head of Partnerships Vaida Saltenyte said
“This is an inspiring listing. Solana is one of our favorite projects out there and its mission is in line with YouHodler’s goal to provide a more efficient and flexible method to use cryptocurrency. Solana is a highly functional blockchain and we are happy our clients can discover new ways to HODL, trade, and multiply SOL on our platform.”
Solana is a blockchain platform with a cryptocurrency by the same name. Solana soared exponentially by 12,000% in 2021. It is currently the 6th largest cryptocurrency in the world with a market capitalization of USD 21.4 billion. Solana is designed to host decentralized, scalable applications and is said to rival Ethereum due to its fast transaction speed and lower fees. The blockchain uses a proof-of-stake (PoS) model and incorporates new proof-of-history (PoH) technology.
The market may not be bullish today but that’s no excuse to avoid playing with your crypto. Opportunities exist in every wave (up or down). YouHodler has the tools to weather every crypto storm so visit us today and see how you can use them to your advantage.