Earn Ethereum Interest
Make your Ethereum work for you and earn up to 7.20% crypto interest per year on your gwei
What is Ethereum?
Ethereum (or the currency Ether) is the second most popular cryptocurrency and was launched in 2015 by Vitalik Buterin and Joe Lubin.
Ethereum and Bitcoin have some similarities in common, however what differentiates the Ethereum network from some other blockchains is the ability to execute smart contracts, create different types of tokens and build decentralized applications (dApps) on top of its blockchain.
Ether is the currency behind the Ethereum network and is used to pay transaction fees, as well as fees associated with sending ERC-20 tokens, NFTs and interacting with various decentralized protocols and dApps. Gwei is a small unit of Ether (1 gwei being equal to 0.000000001 ETH) and is often used to describe transaction fees.
Ethereum is looking to move away from Proof-of-Work (PoW) (the same type of consensus mechanism that the Bitcoin network uses) and adopt Proof-of-Stake (PoS). With PoS, validators can stake Ether (as a way of having some skin in the game) and confirm transactions on the network. They can receive Ether as a reward for successfully validating transactions. However, if the validator misbehaves or becomes inactive, then the Ethereum network may slash (take away) part of the validator’s staked Ether.
What is Earn Ethereum Interest?
Lendingblock’s Earn allows you to earn interest on your Ethereum. Simply holding Ethereum in cold storage or in an offline wallet does not often generate yield, and that is why many Ether holders decide to use crypto lending and borrowing platforms to earn interest on their Ethereum holdings.
Here’s how you can start Earning interest on your Ethereum with Lendingblock:
After you create an account with us, you can generate your Ethereum deposit address and transfer however much crypto you wish to earn interest on. You can then create an Earn and lock up your Ethereum for 1 month, 3 months or 6 months. Each term has its own yield and the interest rate is applied to the full Earn Ethereum amount, unlike some other crypto lending platforms that have diminishing interest rates for each level of Ethereum you lock up
Lendingblock is a centralized finance (CeFi) crypto lending and borrowing platform. We lend out Ethereum to our institutional partners who are willing to borrow Ethereum from us and pay Ethereum interest rates on it. We only work with partners who have successfully passed our due diligence process and have a proven track record in the crypto lending market
Whilst your Ethereum Earn is active, the interest is paid on the 1st of every month and you can withdraw the accumulated interest at any point. When your Earn matures, your Ethereum is unlocked and you can withdraw it, lock it up in another Earn Ethereum or borrow against it!