VICTORIA, Seychelles, Jan. 21, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is proud to introduce Bitget HodlerYield. The first tokens supported by this innovative Hold-to-Earn service are USDE and weETH. This new service offers users an easy way to earn passive income by holding popular tokens, while benefiting from both base annual percentage yields (APR) and the opportunity to receive additional rewards through special promotions , which brings the total APR to more than 20%.
Bitget HodlerYield is designed to meet diverse user needs by supporting multiple holding methods, including spot holdings, unified margin collateral holdings, and subaccount holdings. By holding eligible tokens such as weETH, a liquid re-staking token issued by Ether.fi, or USDE, a synthetic dollar issued by Ethena, users can enjoy rewards calculated daily and automatically distributed to their accounts. The service dynamically adjusts APRs based on market conditions, helping to ensure fairness and transparency while maximizing benefits for users.
“At Bitget, we strive to provide smarter crypto investment solutions that help the general public generate passive income. Unlike traditional Earn/Staking programs offered by centralized exchanges, Bitget users can now receive rewards directly by simply holding the tokens, regardless of the account in which the crypto holdings are stored. This approach simplifies the process to start earning returns on our platform, making it even more user-friendly as users no longer have to worry about liquidity and lock-up periods,” said Gracy Chen, PDG de Bitget.
“We have had huge demand from customers for weETH as collateral, and we are excited to partner with Bitget to make this wish a reality! Bitget users who hold weETH will get passive gains in their ETH account while maintaining their exposure to the price,” commented Mike Silagadze, founder and CEO of Ether.fi.
HodlerYield offers users the flexibility to manage their assets while benefiting from consistent returns. Daily snapshots of the balances users hold across their various accounts, including spot, contract and policy accounts, determine eligible rewards. A minimum holding value of 1 USDT in weETH or USDE is required, and rewards are distributed the following day based on the market price of the designated token. The service ensures simplicity and ease of use, with users able to manage their holdings without any additional manual action on their part in order to purchase subscriptions and claim rewards.
The launch of HodlerYield demonstrates Bitget’s commitment to providing a secure and user-centric platform. This service expands the use cases for yield tokens and reflects the company’s long-term vision of providing users with innovative tools for smarter investing.
About Bitget
Founded in 2018, Bitget is the world’s first cryptocurrency exchange and Web3 company. Serving more than 45 million users across more than 150 countries and regions, Bitget exchange is committed to helping users trade smarter with its revolutionary copy trading functionality and other trading solutions, while providing real-time access to prices for Bitcoin, Ethereum and other cryptocurrencies. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers a range of comprehensive Web3 solutions and features, including wallet functionality, token exchange, NFT marketplace, a DApp browser, among others.
-Bitget is spearheading the adoption of cryptocurrencies through strategic partnerships, as evidenced by its role as the Official Crypto Partner of the world’s top football league, THE LEAGUEin the EST, ASEAN and Latin America markets, as well as as a global partner of Turkish Olympic athletes Buse Tosun Çavuşoğlu (world wrestling champion), Samet Gumus (boxing gold medal) and Primary Aydin (national volleyball team). Bitget aims to encourage the world population to adopt cryptocurrencies, symbols of the future.
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Risk warning : Prices of digital assets may fluctuate and experience some volatility. Only invest as much as you can afford to lose. The value of your investment may be affected and you may not achieve your financial goals or recoup your principal investment. We encourage you to always seek advice from an independent financial specialist and take your own experience and financial situation into account. Past performance is not a reliable indicator of future results. Bitget will not be liable for any losses you may incur. Nothing herein shall be construed as financial advice.
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