THELOGICALINDIAN - When YouHodler appear the absolution of a new affection this anniversary we actuality at NewsBTC knew there would be one catechism on everyones apperception What is a Multi HODL and why should anyone affliction Thankfully the CEO of YouHodler Ilya Volkov is actuality appropriate now to bright up any questions and advise us a affair or two about accident administration asset about-face and crypto multiplication
NewsBTC (NBTC): Thank you so abundant for abutting us today and congratulations on the new feature.
Ilya Volkov (IV): Yes, acknowledge you for accepting me as well. We’re absolutely aflame to present this new affection for you.
NBTC: Let’s get appropriate to it then! So afore we get to the capital catechism on everyone’s mind, can you acquaint us about the afflatus for this new feature?
IV: Absolutely. So, I am a appealing ardent clairvoyant of Nicholas Nassim Taleb. He is a acclaimed essayist, investor, trader, philosopher and statistician who has different thoughts on probability, finance, and uncertainty. I awful acclaim his material. Anyway, one of the key advance strategies Taleb talks about is the Barbell Strategy.
In a nutshell, this action consists of authoritative abiding you accept the majority of your basic (e.g. 80%) in safe, certain assets. Then, demography the added 10-20%, you would use this bulk for high-risk investments with the abeyant for aerial profit. It’s a acclimation act to agreement the majority of your portfolio is safe and advantageous but abrogation yourself a little jerk allowance for adventure.
On YouHodler, we already had one allotment of this blueprint in crypto accumulation accounts so now, Multi HODL is the additional allotment of the puzzle.
NBTC: Yes, I see you accept BTC, BNB and stablecoin accumulation accounts with absorption ante up to 12% per annum correct?
IV: Yes, that is correct. Our accumulation accounts accept been absolutely acknowledged but we capital to affect our users to advance accumulation accounts while accompanying demography some bulk to use on the belvedere and hopefully accumulation from it. That is area Multi HODL comes in.
NBTC: So what absolutely is a Multi HODL? This is absolutely a new appellation for the crypto world.
IV: Multi HODL is the name of our new affection but it’s added than that. It’s a accompaniment of mind. When allotment to use Multi HODL, users can booty 20% of their assets from a certain wallet or accumulation annual and use it to admit a alternation of loans to accumulate their crypto.
NBTC: What’s a alternation of loans?
IV: Let me accord you an example. Let’s say you accept 1 BTC that you appetite to multiply. On YouHodler, you can use this 1 BTC as accessory for a loan. Then, application those funds, you buy added crypto to use as accessory for yet addition loan. This is the additional accommodation in the chain. We accept an automatic affection alleged “Turbocharge” that does a alternation of loans up to ten times, adding your crypto in the process.
Later, back the bazaar goes up, the amount of your crypto will acceleration and awning all absorption fees on the platform. So in the case of Multi HODL, users can booty funds from their accumulation annual or wallet, accept which crypto they appetite to “Turbocharge” and again alpha the automated alternation of loans.
NBTC: So how is this altered than your Turbocharge feature?
IV: Great question! With Multi HODL, users absolutely can addition their accumulation while accompanying earning circadian absorption from their accumulation account. Furthermore, users can set their adapted accident level.
With our “Take Profit” feature, users can aces a point at which the position is bankrupt and an adequate akin of risk. Users can never lose added than they set with Multi HODL. In the accident of crypto amount advance during the event, again the amount of your bread will accumulate and all accumulation is deposited anon into your account. In case the amount declines, again you get your antecedent drop aback bare the absolute loss.
To put it this way, it’s like demography 20% of your crypto portfolio to accomplish small, incremental bets on the crypto bazaar and you can adjudge how chancy or how safe those bets are. Meanwhile, the added 80% of your portfolio is growing at a affirmed amount in YouHodler extenuative accounts.
NBTC: Fascinating! So it’s like a new way to “HODL proactively” if I may say?
IV: Yes, that’s a acceptable way to attending at it. The accepted crypto bazaar is one that’s conditioned to HODL. There is annihilation amiss with actuality a HODLer but there are opportunities to be a added alive HODLer than a acquiescent HODLer. YouHodler’s crypto-backed loans, “Turbo Loans” and now, Multi HODL are all means to advice our users accomplish their crypto assignment for them.
As the Barbell Strategy implies, a advantageous advance plan is one with smart, counterbalanced risks. Without risk, it is abundant harder to accumulation greatly. This new affection gives the best of both worlds. Users get the assurance and affirmed advance and a new advantage to comedy the bazaar and hopefully account from it.
NBTC: Thank you so abundant for your time and again, congratulations on the avant-garde feature. Is this accessible for all to use?
IV: Currently, we don’t acquire audience from the USA. Bangladesh, China, Iraq or Pakistan. But for all others in the world, Multi HODL is accessible to use and accessible now. Just go to YouHodler.com, assurance up and get started.
NBTC: Sounds good! Thank you, Mr. Volkov, and accept a abundant day.
IV: Yes, acknowledge you actual abundant and you too!
