Solana joins Nexo; users can earn up to 8% interest on SOL
Nexo users can buy, exchange and receive loans in exchange for Solana tokens (SOL / USD). Invezz learned from a press release that they could earn up to 8% of the shares. Nexo wrote:
As you know, we always have the best interests of our customers at heart, so we come back with exciting news: Nexo brings SOL on board! Now you can buy, trade, earn and borrow your SOL on our platform.
Are you looking for quick news, hot tips and market analysis?
Subscribe to the Invezz newsletter today.
Users get Solana tokens in their wallets immediately. Interest is paid daily. They can obtain loans with SOL as collateral and interest rates starting at 6.9% APR and exchange SOL for Nexo at real cost.
Purchase of Solana
Nexo ensures that you can easily, safely and immediately buy SOL on its platform. Just add your bank details to your Nexo wallet and hit “buy”.
You can exchange Solana for Bitcoin (BTC / USD), Ethereum (ETH / USD), Tether (USDT / USD) and three fiat currencies: US dollar, euro and British pound.
Nexo presents its savings on Solana as the highest on the market. With Nexo Earn Crypto Interest, it is paid out daily. You don’t need to do anything to start increasing your passive income other than top up your balance.
Receipt of an instant cash loan
The Nexo Instant Crypto Credit Lines trademark allows users to obtain a cash loan or a stablecoin using Solana tokens as collateral. The APR starts at 6.9%. The minimum loan amount you can get is $ 50. The maximum amount is $ 2 million. No credit check is required. The platform will automatically process your application and loans can be approved in seconds.
You can repay the loan in full or in part at any time. No installments or minimum repayments are required.
Solana supports over 400 projects in NFT, Web3, DeFi and other industries. Its combined consensus mechanism is based on Proof of History (PoH) and Proof of Stake (PoS). It has very low transaction costs and claims to be able to process up to 50,000 transactions per second.
Invest in cryptocurrencies, stocks, ETFs and more in minutes with our preferred broker,
67% of retail CFD accounts lose money