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
- 4.6% yield (with 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.
0x saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your 0x (ZRX) just like you would in a regular wallet but in addition, earn interest on that ZRX wallet balance every week.
How does ZRX interest work
You can earn interest on ZRX 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 4.6% interest on ZRX.
How to Earn Free ZRX
It’s easy! Just deposit ZRX to your YouHodler wallet and you’ll earn free ZRX every week.
How to Get Free ZRX
Interest payments occur every seven days. So you’ll get your free ZRX a week after your first deposit.
Cumulative Interest ZRX
Yes, you have cumulative interest if you HODL ZRX in the wallet. We calculate compound interest rates every week.
ZRX 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 ZRX at the end of the year due to this cumulative interest.
ZRX Savings Calculator
Just use our ZRX Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.