Nexo offers up to 17% Interest on Polkadot (DOT) By CoinQuora

[ad_1]

Nexo offers up to 17% Interest on Polkadot (DOT)
  • Nexo is offering up to 17% yield on DOT.
  • The promotion is an instant high-yield alternative to liquidity staking.

The platform for lending cryptocurrencies — Nexo is offering up to 17% yield on Polkadot DOT, an open-source sharding multichain protocol.

On October 22, Nexo announced that with upcoming Polkadot parachains, it decided to offer users up to 17% interest on Polkadot this month. According to the blog post, users who consider buying DOT now may be the perfect moment to get some as the promotion is an instant high-yield alternative to liquidity staking that gives up to 17% interest on DOT, paid out daily.

To explain how users could benefit from this, the company said that all users have to do is just hold Polkadot in their Nexo account. Also, users could swap it for other cryptos on Nexo exchange without having to leave their Nexo account. Moreover, the promo is valid till November 30, 2021.

What’s more exciting, the Nexo team also added that users can boost their earnings by holding NEXO Tokens and choosing to get their rewards in NEXO.

In addition, the firm also gave out details for users who want to ensure that their earnings are optimized. There are 4 different plans. This includes firstly, a Platinum plan with a mаximum rate of 17% and a standard rate of 14%. Secondly, a Gold plan with a mаximum rate of 16% and a standard rate of 13%. Thirdly, a Silver plan with a mаximum rate of 15.25% and a standard rate of 12.25%. Lastly, a Base plan with a mаximum rate of 15% and a standard rate of 12%.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



[ad_2]

Leave a Reply

Your email address will not be published.