Earn Interest on Fantom - FTM Savings Account
YouHodler’s list of options to choose from for crypto savings accounts continues to grow. These low risk, high yield savings accounts help users earn interest on crypto up to 12% per year plus compounding interest. Fantom (FTM) is a popular choice in the market. Here’s some information additional facts on Fantom (FTM) and also learn how to easily accumulate crypto interest on YouHodler.
What is Fantom (FTM)?
Fathom is a high-powered, fully scalable smart contract platform designed to combat the limitations of previous smart-contract platforms like Ethereum. Fantom is fully decentralized, permissionless, and open-source, allowing developers free-range to experiment and innovate.
Fantom features a modular infrastructure that allows for full customization of blockchains so that developers can tailor-make their characteristics to suit a variety of use cases. To secure the network and verify transactions on the blockchain, Fantom uses the proof-of-stake protocol.
FTM is the main token on the Fantom network and it’s used to secure the network for staking, payments, fees, and governance. FTM token holders can participate in the voting process of the network, influencing its future development.
How to earn 4% interest on FTM
Step 1: Sign-in or sign up to YouHodler (iOS, Android, and Web version available)
Step 2: Deposit FTM to your personal Fantom wallet
Step 3. Watch as your FTM earns compounding interest.
Step 4: Get paid! Weekly payments come every 7 days
Watch your crypto earn on YouHodler
YouHodler favors active hodlers over passive holders. A passive holder is someone who just buys crypto and HODLs it in a hardware wallet or hot wallet like Metamask. There’s nothing wrong with this approach per se but you can do so much better. By being an active HODLer on YouHodler, it’s possible to put your crypto to work for you beyond the powers of the market movements. Depositing FTM to a Fantom savings account means you can earn passive income while also taking advantage of our other features like Multi HODL, classic loans, Turbocharge and so much more. There are so many opportunities with these great crypto tokens and coins. Take advantage of them!
Fantom saving wallet app that pays interest
YouHodler wallet app is the only application where you can store your Fantom (FTM) just like you would in a regular wallet but in addition, earn interest on that FTM wallet balance every week.
How does FTM interest work
You can earn interest on FTM just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 4% interest on FTM.
How to Earn Free FTM
It’s easy! Just deposit FTM to your YouHodler wallet and you’ll earn free FTM every week.
How to Get Free FTM
Interest payments occur every seven days. So you’ll get your free FTM a week after your first deposit.
Cumulative Interest FTM
Yes, you have cumulative interest if you HODL FTM in the wallet. We calculate compound interest rates every week.
FTM APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more FTM at the end of the year due to this cumulative interest.
FTM Savings Calculator
Just use our FTM Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.
