We’re Reducing Crypto Lending Rates: Platform Update
Starting today, we’re officially cutting crypto lending rates and loan fees on all cryptocurrencies.
Why? Simply put, we want to revive credit demand and stimulate the crypto economy currently battling selling pressure.
Except for the coins listed in the table below, we are reducing crypto lending rates on all coins from 20% to 11%. A select number of special coins will experience an even greater decrease in lending rates of 2 - 6% APR. Furthermore, all daily loan fees will be adjusted to at least $0.01.
*These coins currently feature lower crypto lending rates than Binance.
As a reminder, all of our clients can open loans anywhere from one to 364 days with loan-to-value ratios as high as 90%.
Bear markets are for building: slash in crypto lending rates can help
YouHodler CEO Ilya Volkov stated that
“In a world where lending rates remain stagnant or even increasing in some cases, YouHodler wanted to provide some relief. The goal here is to offer more attractive lending options for our clients who want instant access to fiat currency without having to sell their crypto assets in this current bear market.”
We also want to remind you that while crypto lending rates will decrease, interest rates for our popular yield accounts will stay the same. Industry-wide, we are seeing centralized finance (CeFi) and decentralized finance (DeFi) platforms continue to lower yield potential.
However, at YouHodler, we want to put our clients in the best possible position for success in bear markets and bull markets. That’s why we constantly adjust our platform to meet your needs.
Furthermore, our Turbocharge feature is seeing a fee reduction as well. Starting now, there is a 0% fee on all BTC and ETCH-backed “turbo loans”. This is a limited-time offer for the web application only. Go to YouHodler.com today to take advantage of this deal and the new crypto lending rates.