Yes, on CoinLoan you can earn more than indicated on the platform thanks to the principle of compound interest.
Compound interest means that we add the interest you earn to the principal amount of deposit so that you can earn interest on reinvested interest. The longer you hold your asset on Interest Account, the more you get on the previously accumulated interest.
When stored for a year, for example, your deposit will turn into a more profitable one:
- 10% → 10.5% APY;
- 6.4% → 6.6% APY;
- 5.8% → 5.97% APY;
- 5.2% → 5.34% APY;
- 5% → 5.13% APY.