Earn Interest on Solana - SOL 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 8.32% per year plus compounding interest. Solana (SOL) is a popular choice in the market. Here are some additional facts on Solana (SOL) and also learn how to easily accumulate crypto interest on YouHodler.
What is Solana (SOL)?
Solana is most famous for being Ethereum’s main rival but what is Solana exactly? Solana is an open-source and public blockchain that supports smart contracts, decentralized applications (dapps), non-fungible tokens (NFTS), and more. Sound familiar? It should. That’s because it’s essentially a direct copy of the Ethereum blockchain and a better one at that – well, at least that’s what Solana loyalists say. Tying it all together is Solana’s native token, SOL, which adds additional network security through staking in addition to being used for value transfer in the network.
How to earn 8.32% interest on SOL
Step 1: Sign in or sign up to YouHodler (iOS, Android, and Web versions available).
Step 2: Deposit SOL into your Solana wallet
Step 3. Watch as your SOL earns compounding interest.
Step 4: Get paid! Weekly payments come every 7 days
Watch your crypto earn on YouHodler
On YouHodler, you can earn 8.32% on your SOL deposits. Staking on YouHodler is stable, safe, and effective. While trading comes with high risk and potentially high profit, savings accounts are a nice, stable way to round out your investment portfolio. Simply deposit and want your crypto to earn on YouHodler. It’s easy and stress-free!.
Solana saving wallet app that pays interest
YouHodler wallet app is the only application where you can store your Solana (SOL) just like you would in a regular wallet but in addition, earn interest on that SOL wallet balance every week.
How does SOL interest work
You can earn interest on SOL 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 8.32% interest on SOL.
How to Earn Free SOL
It’s easy! Just deposit SOL to your YouHodler wallet and you’ll earn free SOL every week.
How to Get Free SOL
Interest payments occur every seven days. So you’ll get your free SOL a week after your first deposit.
Cumulative Interest SOL
Yes, you have cumulative interest if you HODL SOL in the wallet. We calculate compound interest rates every week.
SOL 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 SOL at the end of the year due to this cumulative interest.
SOL Savings Calculator
Just use our SOL Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.