Flint Launches High Annual Crypto Yields on Solana Without the Volatility

[ad_1]

New Delhi, February 1, 2022 – Flint, a passive crypto investment gateway, will enter its beta phase to allow anyone easy access to passive returns from its stablecoins. Returns can be as high as 13% per year and there are no specific time requirements to lock in funds.

Passive income is a dream for many cryptocurrency enthusiasts, but it remains difficult to achieve. Flint is here to solve this problem by giving investors exposure to the crypto markets without volatility. By leveraging decentralized finance (DeFi) and stablecoins, Flint can generate up to 13% returns per year, but the service does not require users to own cryptocurrency directly. Instead, users can enter using Indian rupees to gain exposure to DeFi returns at historically low interest rates.

Flint generates returns using only stablecoins, such as Tether (USDT) and USD Coin (USDC). Since stablecoins are pegged to $1, this reduces price volatility for investors who don’t have the stomach for it. Additionally, Flint will invest stablecoins in DeFi protocols to generate returns on behalf of platform users.

A bonus of using Flint is the ability for users to withdraw funds at any time without any fees. Entering and exiting a position is seamless, creating a new gateway into the cryptocurrency industry for those who do not currently hold crypto assets.

Additionally, Flint aims to deploy up to $500 million in capital across various DeFi protocols on the Solana network over the next three years. This step is part of a process to establish a themed basket of coins on Solana and the introduction of Flint’s Non-Fungible Token (NFT) store to the network. Additionally, the company aims to use Solana (SOL) for overseas remittances and Flint Pay in peer-to-peer and peer-to-merchant crypto payments and establish Solana native stablecoins as a primary asset. for yield generation via Flint.

During the beta test, which can accommodate up to 100,000 users, there is also an exciting referral program where users earn extra returns on their deposits at specific intervals. Flint reduces risk by evaluating protocols for you, using stablecoins instead of more volatile assets, and imposing no lockout requirements. This is the easiest way to explore passive income via cryptocurrency, even if one does not own crypto assets or stablecoins.

Entering the cryptocurrency space remains a major hurdle for most consumers. The risk of losing money due to price fluctuations or scams, complex research requirements to invest in DeFi, and the lack of consumer-focused interfaces to access investment opportunities can be user experiences intimidating. Through its core product innovation, Flint combines fintech in the front-end with crypto in the back-end to create an engaging investment solution accessible to consumers through a mobile app.

Anshu Agrawal, co-founder of Flint, said, “We are targeting nearly 500 million users globally across different customer segments who are crypto-curious, have idle money or stablecoins, and are looking for returns. higher than conventional investments. The best part is that Flint does all of this for our users without them having to worry about active crypto trading or price movements.

Akshay BD. a foundation advisor at Solana, said, “We are extremely excited for startups like Flint to leverage the Solana network to deliver valuable consumer products in the mobile-first experience that users are used to. Crypto is increasingly finding a place in every investor’s portfolio, and the performance of stablecoins can provide a great starting point for most investors entering the space.

About Flint

Flint will first roll out its crypto-focused passive income offering in India, where users can deposit rupees. A global rollout will occur gradually as the team introduces support for more fiat currencies and stablecoins. The first stablecoin support network will be Solana, a blockchain renowned for its speed, low transaction costs and high efficiency. Providing stable returns for stablecoins on Solana sets the stage for optimizing risk-controlled returns for SOL.

Website | Twitter

This is a paid press release. Cointelegraph does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other elements of this page. Readers should do their own research before taking any action related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

[ad_2]