Web 3.0 and the metaverse are currently the hottest topics in the crypto and blockchain industry, but these discussions are not limited only to crypto users. Many believe that Web3, a term broadly used to describe a new generation of the internet that seeks to give power back to the people, is the internet of the future.
The interest in Web3 and other blockchain concepts such as Non-Fungible Tokens (NFTs), Play-to-Earn (P2E) gaming, and the Metaverse among mainstream users is becoming widespread.
But for the Metaverse market to reach its full potential, everyone has a role to play. This is why YouHodler has ventured into the Metaverse space, offering new ways users can access and utilize the native tokens of different virtual worlds.
What is You Hodler?
YouHodler is a FinTech platform that provides users with access to different financial services such as crypto-backed lending, stablecoin loans, crypto exchange, crypto savings accounts, and crypto trading The platform is designed to bridge the gap between the digital assets industry and traditional systems by facilitating fast and seamless transactions.
Launched in 2018, YouHodler offers users more opportunities to earn passive income while granting access to quick crypto-backed loans. Users can buy, sell, and exchange a wide range of cryptocurrencies, including stablecoins. They can also stake their crypto assets and earn staking rewards.
As a multi-asset platform, YouHodler employs some of the best security systems to ensure that users’ assets and data are kept secure at all times. The Swiss-based firm is also regulated by some of the top financial regulators in the world.
Additionally, users have a variety of payment options to choose from as the platform supports multiple payment systems. YouHodler accepts deposits made with credit and debit cardsas well as bank wire transfers.
Interestingly, YouHodler has recently joined the Metaverse bandwagon and is providing users access to some of the ecosystem’s tokens.
YouHodler Debuts Metaverse Tokens for Users
The rapidly evolving nature of the crypto space has attracted many investors to metaverse-focused protocols and their tokens. YouHodler is looking to leverage the growing interest in metaverse products by giving users access to five metaverse tokens on its platform.
YouHodler has added support for the native tokens of Decentraland (MANA), The SandBox (SAND), Axie Infinity (AXS), Illuvium (ILV), and Gala (GALA). This means that users can buy, sell, save, lend, and borrow these tokens on the platform.
Since the tokens have just recently been listed on its platform, YouHodler will be running a one-month-long promotion that will give users an annual percentage yield (APR) of 25% – 30% for newly-listed tokens. Immediately after the promotion ends, the interest rates will automatically be reduced to 3% APR compounded.
Presently, the platform offers interest rates that are as high as 12.3% for certain stablecoins on its platform.
With the concept of Web3 and the Metaverse becoming more popular, the user base of these metaverse projects has shot through the roof. The prices of their native tokens were also not left out, as they had witnessed exponential growth over the last couple of months.
YouHodler’s CEO, Ilya Volkov, noted that the platform is currently on a mission to help its users increase their earnings and maximize their investments. Hence, the addition of these metaverse tokens will not only help investors diversify their portfolios, but will also help them to access the full potential of the Metaverse using its innovative digital asset tools.
By providing support for these tokens, YouHodler is becoming more involved in the Metaverse space, paving the way for its services to be integrated into the system.
In the meantime, the newly added tokens are only accessible to users on YouHodler’s savings account feature. The platform, however, intends to expand its reach and make the tokens accessible on some of its other features, including Multi HODL, crypto-backed loans, crypto exchange, and Turbocharge.