MATIC Hodlers can now earn 12% APR for a limited time promotion in the native MATIC Token.
Polygon is thrilled to announce that their native MATIC token has been added to Vauld, a Singapore headquartered crypto lending and trading platform enabling customers to buy, lend, borrow and trade crypto assets from one unified platform.
Vauld customers will now be able to buy, swap, borrow against MATIC held on the platform and earn up to 12% annual interest, paid out weekly. This means there are more options than ever to engage and build value via MATIC.
With MATIC on Vauld, users can:
Trade: Buy/Sell/Swap MATIC on Vauld with USDT or Indian Rupee (INR)
Еarn: Receive up to 12% APR with no minimums or loyalty tiers.
Borrow: Borrow up to an LTV of 66.67% using MATIC as collateral and pay back anytime.
Customers can head to Vauld to make their first instant trade, and MATIC will be transferred to your wallet within seconds or Deposit your MATIC using the ERC20 chain.
Vauld will be running a promotion through March 12, 2022, providing 12% APR to all customers with MATIC in their wallets post which it will revert to the base rate of up to 9% APY.
Founded in 2019, Vauld (previously known as Bank of Hodlers) is a Singapore headquartered crypto lending and trading platform. It enables its customers in over 50 countries to buy, lend, borrow and trade crypto assets from one unified platform and is backed by Peter Theil’s Valar Ventures, Coinbase Ventures, Pantera Capital, and other major names in the industry.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
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Source : cryptodaily.io