Earn Interest on 1inch Network - 1INCH Savings Account
YouHodler’s list of options to choose from for crypto savings accounts continues to grow. These low risk, high yield savings accounts help users earn interest on crypto up to 12% per year plus compounding interest. 1inch Network (1INCH) is a popular choice in the market. Here’s some information additional facts on 1INCH and also learn how to easily accumulate crypto interest on YouHodler.
What is 1inch Network (1INCH)?
1inch Network is a DEX aggregator made to search through the wide range of decentralized exchanges (DEXs) in order to find the most profitable options for liquidity providers. With so many DeFi protocols out there, it’s not easy to keep up with all the different staking and liquidity awards out there. There are well over 100 different platforms between the Ethereum, Binance Smart Chain, and Polygon networks alone. With this number set to increase over the years, the world needs a tool to help them automatically find the best passive income.
That’s where 1inch Network comes in. Russian developers Sergej Kunz and Anton Bukov partnered together as avid DeFi enthusiasts to make 1inch Network. The networks token is a governance and utility token for the 1inch ecosystem. Its’ an ERC-20 token on the Ethereum blockchain and you can buy 1INCH on YouHodler and other big exchanges.
How to earn 5.5% interest on 1INCH
Step 1: Sign-in or sign up to YouHodler (iOS, Android, and Web version available)
Step 2: Deposit 1INCH to your personal 1inch Network wallet
Step 3. Watch as your 1INCH earns a compounding interest of 5.5% APY.
Step 4: Get paid! Weekly payments come every 7 days
Watch your crypto earn on YouHodler
Congratulations! You did it. You deposited 1INCH to your YouHodler wallet and now you’re happily earning 5.5% APY. Just sit back, and watch your crypto earn. If you choose to keep HODLing on our platform, then you’ll experience the joys of compounding interest. That means you’ll be earning interest on top of your interest. Of course, we don’t force you to lock your funds on the platform. Feel free to withdraw them any time you like to use them in the real world or use in tandem with one of our many other features. Active your crypto on YouHodler and put it to work for you.
1inch Network saving wallet app that pays interest
YouHodler wallet app is the only application where you can store your 1inch Network (1INCH) just like you would in a regular wallet but in addition, earn interest on that 1INCH wallet balance every week.
How does 1INCH interest work
You can earn interest on 1INCH just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 5.5% interest on 1INCH.
How to Earn Free 1INCH
It’s easy! Just deposit 1INCH to your YouHodler wallet and you’ll earn free 1INCH every week.
How to Get Free 1INCH
Interest payments occur every seven days. So you’ll get your free 1INCH a week after your first deposit.
Cumulative Interest 1INCH
Yes, you have cumulative interest if you HODL 1INCH in the wallet. We calculate compound interest rates every week.
1INCH APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more 1INCH at the end of the year due to this cumulative interest.
1INCH Savings Calculator
Just use our 1INCH Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.