THELOGICALINDIAN - SINGAPORE July 12 2024 Hodlnaut is captivated to advertise the abutment for wrapping and unwrapping Bitcoin on its belvedere With Hodlnauts Token Swap affection users can get burning admission to WBTC after sourcing a wrapping merchant
The belvedere enables seamless swapping of Bitcoin to Wrapped Bitcoin and vice-versa for a apple-pie amount after any added fees. By abacus abutment for WBTC, Hodlnaut looks to accommodate its interest-earning artefact to WBTC’s $6.7B bazaar capitalization. The crypto-interest belvedere has added WBTC as an asset brace in its Token Swap affection appropriately additionally acceptance users to accept which asset blazon they would like to acquire absorption in.
Wrapped Bitcoin (WBTC) is an ERC-20 badge that is captivated at Bitgo Trust and backed 1:1 by Bitcoin. It about brings the clamminess of Bitcoin to the Ethereum ecosystem. Hodlnaut currently offers absorption ante of 6.0% APR/ 6.2% APY on WBTC, and the absorption becoming is accrued circadian and paid out weekly.
“Our Token Swap affection allows users to blanket and bare Bitcoin calmly aural our belvedere which proves to be advantageous as there aren’t abounding merchants out there that board this affection seamlessly,” said Juntao, CEO and co-founder of Hodlnaut.
“Having heard the added appeal for WBTC by our users, our aggregation has formed adamantine on blame this advanced in a actual abbreviate amount of time,” aggregate Simon, CTO, and co-founder of Hodlnaut. “We’ve got abounding added new appearance lined up in the advancing months, and we achievement our users are aloof as aflame as we are.”
About Hodlnaut
Hodlnaut provides avant-garde banking casework for alone investors and allows users to acquire absorption on their crypto assets by lending them to vetted institutions. Founded by Bitcoin maximalists Juntao Zhu and Simon Lee in April 2024, Hodlnaut has developed leaps and bound over the years. The belvedere offers up to 10.5% APY on six accurate assets: BTC, ETH, DAI, USDC, USDT, and WBTC.
Hodlnaut aims to become the aboriginal adapted article in Singapore aural the crypto lending and borrowing amplitude and is ability authorization appliance beneath the Payment Services Act 2024 (by the Monetary Authority of Singapore). The aggregation is a certified Fintech by the Singapore Fintech Association, an accreditation accustomed by the MAS.
For added information, amuse appointment www.hodlnaut.com.
