Coinbank Launches Bitcoin ‘Fixed Deposits’, Claims To Offer Highest Interest
Have you ever wondered if you could keep your Bitcoin in a fixed deposit (FD) or a term deposit and earn interest on them? Well, wonder no more. Coinbank claims to be giving out the highest interest rate anywhere in the world on Bitcoin. Coinbank is a wallet provided by Amaze Mining and Blockchain Research Limited. They are also the people behind GBMiners and are based out of New Delhi, India. The statement, released by Amit Bhardwaj of Amaze Mining and Blockchain Research, says: “We have two plans for three-month and six-month Fixed Deposits. On three months we are offering a one percent....
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Notional enables fixed-rate debt on Ethereum using a new on-chain automated market maker.
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Kulfi Finance is the first Cardano fixed-rate money market. At launch, vaults will be dedicated to stable-asset and pegged-asset pairs, with additional vaults added in the future. Louis Ryman, Chief technical officer at Kulfi, stated “By building upon Cardano, Kulfi has created a simple way for crypto users to access the benefits of fixed rate money market.” Kulfi finance facilitates fixed-rate lending, borrowing of Cardano native assets at fixed rates / Terms through an innovative financial primitive called wTokens. Fixed-rate financing touches all the edges of the modern financial....
Mr. B alleges that the platform was designed to only offer an interest rate of 3.6%, but that changed at the last minute. Anchor protocol was originally designed to offer an interest rate of 3.6% but this was dialed up to 20% just a week before release to attract more investors, a core developer alleged in an interview with Korean media outlet JTBC. “I did not know that this would go out with such a high-interest rate. Set to 20% just a week before the release,” said the employee, referred to only as Mr. B in the Korean-language report. “I thought I was going to collapse from the....