APY – DIGIT INFO

Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk Contracts

DIGIT — Wed, 17 Apr 2024 11:20:07 +0000

In the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s transition to a Proof-of-Stake model. The bridging sector experienced […]

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Blockchain-based private loans hit $582M, doubling from last year

DIGIT — Mon, 18 Dec 2023 01:53:00 +0000

The average APR offered by blockchain credit protocols is 9.65% compared to an average personal loan interest rate of 11.5%, data shows.

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Here is why strong post-Merge fundamentals could benefit Ethereum price

DIGIT — Fri, 28 Oct 2022 20:00:00 +0000

An increase in staked ETH, lucrative yield on liquid staked ETH tokens and deflationary tokenomics are possible bullish factors for Ethereum price.

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APR vs. APY: What’s the difference?

DIGIT — Thu, 29 Sep 2022 08:05:00 +0000

The key difference between APY and APR is compound interest. Before investing, compare their potential returns.

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Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY

DIGIT — Sat, 07 May 2022 18:00:05 +0000

Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holding steady with a 19.4% annual percentage yield (APY) since the project started, Anchor Protocol’s earn rate is now roughly 18% APY for […]

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Coinbase Now Allows Cardano Staking Services, Firm ‘Plans to Continue to Scale Staking Portfolio’

DIGIT — Thu, 24 Mar 2022 15:49:47 +0000

On March 23, the cryptocurrency exchange Coinbase announced the platform will now allow cardano staking services. The company’s senior product manager Rupmalini Sahu mentioned that cardano is one of the top ten crypto assets by market cap and its proof-of-stake (PoS) blockchain “seeks to be more flexible, sustainable, and scalable.” Coinbase Now Offers Cardano Staking […]

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Anchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Largest Lending Application

DIGIT — Mon, 07 Mar 2022 23:00:34 +0000

While the decentralized finance (defi) platform Anchor Protocol’s native digital asset ANC has gained more than 180% over the last month, the total value locked (TVL) in Anchor has increased a great deal during that time as well. Anchor Protocol is currently the second-largest defi lending platform in terms of TVL, and over the last […]

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Defi Venture XFai Reveals Liquidity Generation Event, Project Backed by Angel Investor Roger Ver

DIGIT — Tue, 30 Mar 2021 20:38:29 +0000

Decentralized finance (defi) has seen extreme demand and innovative use-cases during the last 12 months. Defi oracles, decentralized exchange (dex) platforms and automated money makers (AMM) have swelled in value, as statistics show over $43 billion is locked into defi protocols today. Meanwhile, a new project has recently stepped out of the gate called XFai, […]

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YIELD App Launches Ethereum Fund, Gives Users up to 20% APY

DIGIT — Mon, 08 Mar 2021 12:00:47 +0000

PRESS RELEASE. ESTONIA — MARCH 8, 2021 — YIELD App, the DeFi wealth management platform bridging traditional and digital finance, is pleased to announce the launch of its Ethereum fund, allowing users to earn high-interest returns on their Ether (ETH). Following a successful public launch and token listing (YLD), YIELD App can now offer its […]

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Crypto Earning vs. Savings Accounts: How You Can Get Up to 17% Annually Holding Digital Assets

DIGIT — Sat, 20 Feb 2021 18:15:49 +0000

The mainstream has caught a whiff of the gains cryptocurrencies like bitcoin and ethereum have seen, but many people are not aware of the passive income crypto users are getting as well. While financial incumbents are giving people with savings accounts a measly 0.35% to 0.60%, digital currencies can give people 1-17% or even more […]

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