New Assets to Earn Income on Interest Account
The list of assets in the Interest Account expanded to three newcomers: BTC, ETH, and TUSD. This update brings the number of supported assets to seven, with the original four being USDC, USDT, PAX, and EUR.
In the first minutes after the update, we have already received several cryptoasset deposits; it seems to be a good sign! Let’s get acquainted with the new assets.
How's It Looking So Far?
In doing updates, we are guided by your lending & borrowing preferences. CoinLoaner’s favorite assets have migrated to enrich their favorite investing tool. Now you can earn 4.4% annual on BTC, 3% on ETH, and 8% on TUSD. As usual, interest is accrued daily and credited to your account on the first day of the month.
Interest Account continues evolving, and now provides the full range of asset types, including cryptoassets, stablecoins, and fiat money. You know, there's more to come.
How to Deposit New Assets?
Well, new coins are not completely new for Lending Market users. If you have the funds that you need on the main wallet, transfer them to the Interest Account in one click. To do so, open the Interest Account page and press Deposit.
If you have no coins in your CoinLoan account yet, transfer them in My Wallet tab. Or you can visit the Crypto Exchange page to buy whatever asset you need.
A Little Spoiler
Now we’ve got some insider information for those who have read up to this point. A brand-new CoinLoan product is in the testing stage now, it will be shortly announced for users. Can you guess what it is?