Earn Interest on Avalanche - AVAX Savings Account
YouHodler’s list of options to choose from for crypto savings accounts continues to grow. These low risk, high yield savings accounts help users earn interest on crypto up to 12% per year plus compounding interest. Avalanche (AVAX) is a popular choice in the market. Here’s some information additional facts on AVAX and also learn how to easily accumulate crypto interest on YouHodler.
What is Avalanche (AVAX)?
Avalanche is a unique three-blockchain network that aims to improve the scalability of blockchain tech without sacrificing the beloved decentralized aspect of it. The three blockchains of the Avalanche network are called the X-Chain, C-Chain, and the P-Chain. X manages assets with the Avalance consensus protocol, C is for building smart contracts and P is responsible for organizing validators.
In addition, Avalanche also enables developers to create a customized blockchain with no limits on how many can be created. However, to do this, developers need to subscribe to the Avalance network via a subscription fee paid in none other than the network’s native token, AVAX.
How to earn 6% interest on AVAX
Step 1: Sign-in or sign up to YouHodler (iOS, Android, and Web version available)
Step 2: Deposit AVAX to your personal Avalanche wallet
Step 3. Watch as your AVAX earns a compounding interest of 6% APY.
Step 4: Get paid! Weekly payments come every 7 days
Watch your crypto earn on YouHodler
At YouHodler, we want to lower the barriers of entry so it’s incredibly easy to watch your crypto earn interest. We prioritize safety, security, efficiency, and usability above our else. We don’t want to destroy traditional finance but work with it to make it better. Both traditional and crypto realms of finance have good things to offer so we’re creating a product that combines the best of both worlds and offering it to you. We want you to activate your crypto so depositing AVAX to YouHodler is one good way to start doing that.
Avalanche saving wallet app that pays interest
YouHodler wallet app is the only application where you can store your Avalance (AVAX) just like you would in a regular wallet but in addition, earn interest on that AVAX wallet balance every week.
How does AVAX interest work
You can earn interest on AVAX just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 6% interest on AVAX.
How to Earn Free AVAX
It’s easy! Just deposit AVAX to your YouHodler wallet and you’ll earn free AVAX every week.
How to Get Free AVAX
Interest payments occur every seven days. So you’ll get your free AVAX a week after your first deposit.
Cumulative Interest AVAX
Yes, you have cumulative interest if you HODL AVAX in the wallet. We calculate compound interest rates every week.
AVAX APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more AVAX at the end of the year due to this cumulative interest.
AVAX Savings Calculator
Just use our AVAX Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.