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BTC $49483.41 (4.06%)
ETH $4210.67 (7.17%)
USDT $1.00 (0.04%)
BCH $466.61 (1.67%)
BSV $126.29 (14.4%)
LTC $159.56 (3.40%)
BNB $576.10 (6.30%)
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DOGE $0.17 (7.29%)

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

Nexo Offers up to 17% Interest on Polkadot (DOT) Blockchain News
  • Nexo is offering up to 17% yield on Polkadot 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%.

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Roland Guirdonan can be found writing, developing, and designing all sorts of content. Aside from his fascination with content creation, he is also passionate about blockchain and cryptocurrency developments.