What is ZRX? How to earn crypto interest on ZRX
ZRX is the custom crypto asset from the 0x software. 0x aims to incentivize a user network to build new kinds of markets that don’t rely on intermediaries from traditional financial institutions. On 0x, users create crypto-asset markets that represent any form of value. This could include markets for tokens that represent shares of stocks, bonds, real estate, gold, or even tokens that represent other crypto assets.
0x is part of an up-and-coming group of DeFi protocols and to distribute its operation efficiently, uses the ZRX token from the Ethereum blockchain. ZRX’s main purpose is to encourage users to host and maint the order books for all 0x markets. In exchange for their work, 0x users get exposed to the fees paid when traders buy or sell any asset on the platform and they can also earn additional rewards denominated in ZRX.
Therefore, ZRX is also essential to the protocols governance system since those who HODL ZRX have the unique ability to vote on software changes. To do this, users stake ZRX to gain this governance ability.
ZRX savings accounts: Why should you earn interest on ZRX with youHodler
If there 4.% interest isn’t enough to convince you to keep your ZRX on YouHodler then check out the following reasons why so many around the world are choosing us to HODL their crypto assets. Guaranteed asset security
- Weekly payouts
- No need to buy a platform token to gain access to higher rates
- Compounding interest
- No locking of funds
- Transparent dashboard to watch your earnings accumulate daily
- 4.5% yield (compounding interest)
- And much more!
How to earn interest on ZRX
Unlike earning interest with savings accounts at your traditional bank, earning 4.5% on ZRX is incredibly easy on YouHodler
Here’s how to get started:
Step 1: Go to your YouHodler app or website
Step 2: Deposit ZRX to your personal ZRX wallet
Step 3. Watch as your ZRX earns compounding interest (4.5%).
Step 4: Get that money! YouHodler deposits ZRX to your wallet every 7 days.