We are happy to announce that SOL (Solana) is now available on the CoinLoan platform. A top-10 cryptocurrency by market cap, SOL has grown by nearly 20,000% since 2020. We have added it to our list of available assets to satisfy the demand. You can deposit, withdraw, swap, sell, buy, earn interest, and use SOL as collateral for crypto-backed loans.
What is Solana
As the native cryptocurrency of Solana, SOL is used for staking and transaction fees. This sustainable blockchain takes Proof-of-Stake (PoS) to a new level with its unique Proof-of-History (PoH) algorithm. It provides fast, low-cost transactions and epitomizes a bundle of novel approaches. Like Ethereum, Solana powers smart contracts and popular Dapps.
Using Solana (SOL) on CoinLoan
- Instant Loans: With SOL collateral, you can get a loan in USDT, USDC, BUSD, TUSD, PAX, DAI, EUR, GBP, BTC, ETH, and WBTC.
- Interest Account: Get 5.2% APY with daily compound interest on SOL. Receive 7.2% in total with CLT Staking.
- Crypto Exchange: Buy and sell SOL through our crypto exchange.
Promo month bonus: +2% to APY on SOL!
Deposit SOL to your CoinLoan Interest Account before June 1, 2022, to raise your APY rate by 2% within the promotional period:
- APY without CLT Staking: 7.2%
- APY with CLT Staking: 9.2%
This offer is valid for all deposits made from May 2 to June 1, 2022. The promotional APY only applies until June 1, 2022. The offer starts and ends at 00:00 UTC.
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The information provided by CoinLoan (“we,” “us,” or “our”) in this text is for general informational purposes only. All investment and financial opinions expressed by CoinLoan in this text are from the personal research and open information sources and are intended as educational material. All outlined information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information in this text.