We are excited to announce the launch of DeFi Earn on Crypto.com’s DeFi Wallet App! Users can now grow their portfolio using decentralized finance offering new us, and earn passive income without losing control of their crypto.
DeFi Earn demystifies decentralized finance, allowing users to easily and flexibly deposit to Compound via integration within the native app. They can access the feature via the ‘Earn’ tab, and start earning interest immediately after depositing their token and receiving on-chain confirmation. There is no minimum term, and users can withdraw their deposit with accrued interest at any time. Crypto.com charges a service fee of 0.5% of the corresponding revenue for each withdrawal.
Users can receive the best returns as their tokens are saved to the protocol with the highest APY at the time of deposit. At this stage, our integration with multiple lending pools gives users easy access to nine DeFi tokens: BAT, COMP, DAI, ETH, UNI, USDC, USDT, WBTC, and ZRX — with more to come.