Uphold offers an open, trusted and transparent digital money platform that lets users quickly and safely access traditional currencies, cryptocurrencies, and other investments. Uphold provides access to a wide range of currencies and investments and has offices in San Francisco, Portugal, London and Mexico City.
Crypto Interest Provider Uphold
Financial service, Centralized
Earning Start: After program start (1st and 15th each month)
Guarantee Period: 6 Months
Payed As: Same curreny as deposit
Payout Interval: Monthly
Better Rates: Available when LBA (Cred utility token) is staked
The interest program has a min and max aggregated amount. Before min amount is reached, program (interest earning) doesn't start. When max amount already reached, no participation in the program is possible (no interest is earned). You have to wait then for the next program start (1st and 15th every month). The earned interest for the 6 months period is calculated based on the USD value of the deposited crypto at program start. For that reason you don't earn interest for any deposit value appreciation.
Crypto is sent to provider which uses BitGo as custody. Crypto is lent in the next step to crypto miners, digital asset companies, crypto investment funds, and retail investors but not to short-sellers.