Earn Interest on Zilliqa - ZIL 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. Zilliqa (ZIL) is a popular choice in the market. Here’s some information additional facts on ZIL and also learn how to easily accumulate crypto interest on YouHodler.
What is Zilliqa (ZIL)?
In the year 2017, a team of academics from the National University of Singapore got together to build a one-of-a-kind crypto product focusing on sharing and scilla. The end result was Zilliqa. Zilliqa uses sharding, a process of breaking up blockchain nodes into smaller groups or “shards.” Each group has the same number of nodes as each other meaning the transaction processing ability is divided up, allowing for scalability.
As far as consensus mechanism goes, Zilliqa uses proof-of-work and the utility token ZIL is used for the execution of smart contracts and transaction feels on the Zilliqa blockchain. ZIL also rewards proof-of-work miners who dedicate their time to the network.
How to earn 5.5% interest on ZIL
Step 1: Sign-in or sign up to YouHodler (iOS, Android, and Web version available)
Step 2: Deposit ZIL to your personal Zilliqa wallet
Step 3. Watch as your ZIL earns a compounding interest of 5.5% APY.
Step 4: Get paid! Weekly payments come every 7 days
Watch your crypto earn on YouHodler
At YouHodler, we put a strong priority on UX/UI design. Why? Because finance should be simple and accessible for everyone. Why should the traders and “DeFi degens” be the only ones that reap the benefit of cryptocurrency? Sure, buying and HODLing crypto can be very profitable but we want you to have more. You deserve more. So deposit ZIL on YouHodler today and watch your crypto earn. Our savings accounts are safe, secure, and user-friendly. On top of that, we have other features to use in tandem with them that help put your crypto to work for you.
Zilliqa saving wallet app that pays interest
YouHodler wallet app is the only application where you can store your Zilliqa (ZIL) just like you would in a regular wallet but in addition, earn interest on that ZIL wallet balance every week.
How does ZIL interest work
You can earn interest on ZIL 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 5.5% interest on ZIL.
How to Earn Free ZIL
It’s easy! Just deposit ZIL to your YouHodler wallet and you’ll earn free ZIL every week.
How to Get Free ZIL
Interest payments occur every seven days. So you’ll get your free ZIL a week after your first deposit.
Cumulative Interest ZIL
Yes, you have cumulative interest if you HODL ZIL in the wallet. We calculate compound interest rates every week.
ZIL 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 ZIL at the end of the year due to this cumulative interest.
ZIL Savings Calculator
Just use our ZIL Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.