Earn Interest on Near Protocol - NEAR 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. Near Protocol (NEAR) is a popular choice in the market. Here’s some information additional facts on NEAR and also learn how to easily accumulate crypto interest on YouHodler.
What is Near Protocol (NEAR)?
With the explosion of Decentralized Finance (DeFi) over the last few years, Ethereum has come out on top as the “Champion of DeFi'' since a large majority ot DeFi dapps are built on the popular blockchain. However, in its rise to glory, several inefficiencies were exposed as well, leaving many to wonder if Ethereum really can maintain its top spot. Other competing blockchains are starting to challenge the king, Near Protocol being one of them.
Near Protocol is a Proof-of-Stake (PoS) blockchain that enables Dapps and smart contract development. Unlike Ethereum, Near Protocol wants to be much more scalable and secure for DeFi degens and DApp developers. NEAR is the native token of the blockchain and has several use cases such as staking, delegation, and integration with popular dapps such as NFT marketplaces.
How to earn 7% interest on NEAR
Step 1: Sign-in or sign up to YouHodler (iOS, Android, and Web version available)
Step 2: Deposit NEAR to your personal Near Protocol wallet
Step 3. Watch as your NEAR earns a compounding interest of 7% APY.
Step 4: Get paid! Weekly payments come every 7 days
Watch your crypto earn on YouHodler
Congratulations. You are now an active hodler! Just sit back and watch your crypto earn on YouHodler. But why stop there? YouHodler has additional apps like loans, Multi HODL, Turbo Loans, exchange, and more to help you take advantage of the crypto market. So while kicking back and watching your crypto earn interest sounds pretty nice, you can always do more. So start exploring!.
Near Protocol saving wallet app that pays interest
YouHodler wallet app is the only application where you can store your Near Protocol (NEAR) just like you would in a regular wallet but in addition, earn interest on that NEAR wallet balance every week.
How does NEAR interest work
You can earn interest on NEAR 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 7% interest on NEAR.
How to Earn Free NEAR
It’s easy! Just deposit NEAR to your YouHodler wallet and you’ll earn free NEAR every week.
How to Get Free NEAR
Interest payments occur every seven days. So you’ll get your free NEAR a week after your first deposit.
Cumulative Interest NEAR
Yes, you have cumulative interest if you HODL NEAR in the wallet. We calculate compound interest rates every week.
NEAR 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 NEAR at the end of the year due to this cumulative interest.
NEAR Savings Calculator
Just use our NEAR Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.