ZebPay ZebPay: A new platform for investors to earn returns on crypto holdings
Mumbai/UNI: ZebPay, a crypto-asset exchange firm, on Thursday announced the launch of its ZebPay lending platform that is defined as a crypto lending model in India.
This new offering from ZebPay allows users to lend their coins to ZebPay, on which they earn returns depending on the coins and the duration they loan it for.
The ZebPay lending space generates returns on its users’ crypto investments once they lend select crypto's, their company release said.
On launch, the lending feature will support Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and Dai (DAI).
Depending on the term of deposit, users will be able to generate returns of up to 3 pc on their Bitcoin, 7 pc on Ethereum and Dai plus 12 pc on Tether. Investors can lend their crypto for an open term or a fixed term with the ZebPay Lending Platform.
Investors will not need to lock in their crypto under the open term deposit and will earn returns as applicable for the day, with the returns being deposited in the investor’s trading wallet along with the principal amount.
The fixed-term allows investors to lend their crypto for 7-days, 30-days, 60-days and 90-days timeline, while the rate of return varies for each. In this case, tokens cannot be withdrawn before the end of the term.
In case the investor chooses to withdraw early, a small penalty will be applied and upon maturity, the returns earned will be deposited in an investor trading wallet along with the principal amount.
The returns offered will be calculated directly based on the amount of crypto an investor holds.
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