Zebpay has launched a lending platform where investors can lend their coins on the cryptocurrency exchange and earn returns depending on the token and the time period it is loaned for. As of now, Investors can use this facility with Bitcoin(BTC), Ethereum(ETH), Tether(USDT) and DAI.
The company has stated that the Zebpay Lending platform generates returns on users’ crypto investments if they lend on selected cryptocurrencies.
According to the duration of time-period on deposits, users will generate up to 3% on Bitcoin, up to 7% on Ether and DAI; and up to 12% on Tether.
Investors can use this opportunity to earn a passive income by adding to the returns gained from the rise in crypto prices.
Lending facility will be categorized in two options: open term and fixed term.
In the open term, Investors aren’t required to lock in their crypto. They will earn returns as applicable for the day, with the returns being deposited in the investor’s trading wallet with the principal amount.
In the case of fixed-term, Investors can lend their crypto for seven days, 30 days, 60 days or 90 days, with the rate of return varying for each time period. Cryptos are locked and cannot be withdrawn in this case.
An investor can withdraw in fixed-term in case of an emergency, but a small penalty will be applied. After the time period is completed, the returns earned will be deposited in the investor’s trading wallet along with the principal amount. The calculation of returns offered by the platform will be directly based on the amount of crypto an investor holds.