Polygon Arrives on Nexo With Up to 20% APR for MATIC Holders
Polygon is thrilled to announce that our native MATIC token has been added to Nexo, the world’s most advanced, regulated digital assets institution offering instant crypto loans. Nexo customers will now be able to buy, swap, borrow against MATIC held on the platform and earn up to 20% annual interest, paid out daily. This means there are more options than ever to engage and build value via MATIC.
With MATIC on Nexo, users can:
Buy: Buy MATIC on Nexo and get it in your wallet within seconds.
Еarn: Receive up to 20% APR.
Exchange: Swap it on the Nexo Exchange instantly.
Borrow: Borrow against it at rates as low as 6.9% APR. Plus, there’s a cashback promotion for new customers!
What MATIC Can Do for You on Nexo
Customers can head to the Nexo Exchange to make their first purchase, and MATIC will be transferred to your wallet within seconds.
Nexo will be running a promotion through Jan. 3, 2022, providing additional rewards to all customers with MATIC in their wallets.
The interest will vary depending on your Nexo Loyalty tier, as well as whether you’re earning with Fixed Terms and opting to earn in the native NEXO token. The promo rates for each tier are:
Platinum: Маximum rate – 20%. Standard rate – 16%.
Gold: Маximum rate – 17%. Standard rate – 13%.
Silver: Маximum rate – 16.25%. Standard rate – 12.25%.
Base: Маximum rate – 13%. Standard rate – 10%.
MATIC will also be launching in market pairs with Bitcoin, Ethereum, Binance Coin, Tether, USDC, as well as Euros, GBP, and USD. This means you have plenty of options for buying and selling your MATIC to maximize your trading profits.
Moreover, by using your MATIC as collateral, you can then borrow other assets at rates as low as 6.9%. Best of all, if this is your first time opening up a credit line with Nexo, you can even get 0.5% cashback on your total borrowed amount.
MATIC and the Polygon Ecosystem
Polygon is a leading Ethereum scaling platform that works in parallel with the Ethereum network to improve functionality and promote infrastructure development. Polygon achieves this via its array of scaling solutions, including Polygon PoS, Polygon SDK, Polygon Avail, Polygon Nightfall, and Polygon Hermez.
As one of the fastest-growing blockchains, offering high speed and low gas infrastructure, Polygon hosts notable DeFi bluechip decentralized apps (Dapps), including Sushiswap, Curve, Aave, Balancer, and Kyber.
MATIC is designed to encourage network development and is used to reward those who support its operation. Users who validate Polygon network transactions can earn MATIC in what is known as staking and also get the option to vote on network upgrades.
Nexo is one of the world’s leading regulated digital assets institutions. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines™, a high-yield Earn Crypto Interest suite, an instant Exchange service, and sophisticated trading and OTC capabilities, while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $50+ billion for 2,500,000+ users across more than 200 jurisdictions.
Source : blog.polygon