When you deposit money to the interest account, we technically borrow your funds and pay you interest in return. Once the funds are deposited into the account, they begin generating profit.
Like a bank deposit, a part of your money is used to create Loan Offers on the CoinLoan platform. Interest is accrued daily and deposited directly into your wallet on the first day of the month.
How is my money protected?
Suppose the borrower fails to repay or the collateral loses a part of the value due to crypto-volatility. In that case, collateral will be sold instantly to fulfill the lending commitments.
If you're wondering how the CoinLoan security system works, here you can find our ten main principles of safety.
What do I get in return?
You are guaranteed to earn up to 10% annual interest on your asset. Whether we successfully invest your money or not, interest is accrued to your account every day. The interest rate is subject to change. Please check the IA page for the current rates.
To boost your APY, you need to deposit CLT to the Staking Account on the Interest Account tab. There is no minimal staking time required to get bonus rates. Within a day after deposit, all interest rates in the Interest Account will increase by 0,1% with every 125 CLT you hold. The maximum bonus is 2%. Follow this link to learn how to earn more interest with staking.
No fees. We charge zero fees for using Interest Account, deposits, and withdrawals in EUR and stablecoins. Check our prices here.