LAUSANNE, SWITZERLAND / ACCESSWIRE / May 27, 2022 / Swiss-based FinTech platform YouHodler has just announced that it will support Solana (SOL) on its platform. The cryptocurrency has been listed on YouHodler and will be available for lending, saving, trading, and exchanging. For YouHodler’s savings accounts, clients can earn 7% APR with compounding interest on SOL.
YouHodler Head of Partnerships Vaida Saltenyte said, “This is an inspiring listing. Solana is one of our favorite projects out there, and its mission is in line with YouHodler’s goal to provide a more efficient and flexible method to use cryptocurrency. Solana is a highly functional blockchain and we are happy our clients can discover new ways to HODL, trade, and multiply SOL on our platform.”
Solana is a blockchain platform with a cryptocurrency by the same name. Solana soared exponentially by 12,000% in 2021. It is currently the 6th largest cryptocurrency in the world with a market capitalization of USD 21.4 billion. Solana is designed to host decentralized, scalable applications and is said to rival Ethereum due to its fast transaction speed and lower fees. The blockchain uses a proof-of-stake (PoS) model and incorporates new proof-of-history (PoH) technology.
YouHodler clients can buy SOL, trade, earn interest on SOL, multiply SOL and get Solana-backed loans starting today.
YouHodler is a cryptocurrency exchange and platform that hosts popular coins such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more. It acts as a wallet to help hold cryptocurrency coins while unlocking benefits for its users. Solana holders will now be able to leverage their coins to borrow fiat money. The fiat currencies supported include the US dollar (USD), Euro (EUR), Swiss Franc (CHF), and British Pounds (GBP).
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Vaida Saltenyte, Head of Partnerships
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