YouHodler, a crypto-backed lending and staking platform, is listing meta tokens in its already 40 strong supported digital assets. The move comes at a time when metaverse tokens and platforms are gaining immense traction and the public is heavily backing their tokens.
From Idle to Profit Generating
With YouHolder’s services, people who like to hold on to their crypto investments can gain liquidation without the need to sell their preferred assets.
Just like the DeFi concept, users on the fintech platform can use their idle assets and lend them out, gaining profits through interest without letting go of their initial capital. Offering up to 12.3 percent APR, the platform offers auto weekly compounding so the longer the assets are staked, the higher the profits are generated.
At the other side of the table, YouHodler users can also tap into the easy lending service, with as little as $100 of crypto collateral and receive up to 90% LTV in crypto, fiat and even stablecoins.
An in-built exchange allows for instant buying/selling and trading of tokens so users don’t have to transfer their assets in and out of the platform. Furthermore, for the ones who want to take the risk for high yield options, they can always use the automated investment tool, making YouHodler the perfect platform for people who would like to gain profits from their long-term holdings.
Hold Meta, Gain Meta
YouHodler is tapping into the metaverse market with its decision to support 5 meta tokens:
Metaverse enthusiasts and backers holding these coins can register and transfer their assets to YouHodler to earn 3% APR profits. To celebrate this move, YouHodler is offering a limited one month boost with APR touching 30%.
This opens up the doors for meta token holders to a world of innovation and sizable profit generation, as described by YouHodler CEO Ilya Volkov,
“At YouHodler, we want to help our clients utilize their crypto in a positive way instead of just buying and holding. Hence, we feel offering new tokens such as these give our clients access to the metaverse’s potential combined with our innovative digital asset tools.”
Just like other listed tokens and coins, the newly listed meta tokens interest is compounded weekly and deposited automatically into the users’ accounts.
Virtual Estate as Collateral
YouHodler is not just jumping into the metaverse market because it sees the tokens as a good investment or business option, but because the team behind the fintech platform has a deep understanding of what the virtual existence of tomorrow will hold for its users.
Taking a page out of traditional finance, an option actively being explored is to eventually allow users to put up their virtual estates as collateral for loans. Just like putting up your home for a mortgage, users will be able to use their NFT backed virtual homes for loans.
Unlike the real world where there is a ton of paperwork involved, the loans will be near-instant with the same high LTV YouHodler is famous for.
As cryptocurrencies gain value, these are being seen as lucrative investment options by millions of people worldwide. YouHodler gives them the opportunity to utilize their idle assets for profits and easy loans without liquidation. The platform’s services are user-friendly, allowing for token holders with even the most basic knowledge to tap into the financial inclusiveness offered by crypto assets.
YouHodler is available to its users through the web and both Android and iOS devices.
