Hold to Earn

The “Hold to Earn” feature of the Smart Yield Wallet allows users to earn interest on their deposited coins right from the moment they are deposited. The interest is calculated minute-by-minute, so you begin earning interest as soon as your coins are in the wallet.

Interest Starts Immediately

As soon as you deposit your cryptocurrency (like Ethereum (ETH) or Bitcoin (BTC)), the interest begins accumulating minute-by-minute. This means you don’t have to wait for a full day or month to start earning; you’re rewarded for every minute your coins are in the wallet.

Compounded Interest

The interest you earn is compounded, meaning that as you accumulate interest, the wallet will pay interest not just on your original deposit, but also on the interest you've already earned. This results in your earnings growing faster over time.

Withdrawal Anytime

You can withdraw your funds at any time. Once you withdraw, the interest stops accruing, and you’ll get back the total amount of your original deposit plus the interest earned up to that second. This provides you with flexibility while still allowing you to earn passive income.

Locking Periods for Higher Earnings

To earn higher interest rates, you can choose to lock your coins for a specific period. The longer you lock your funds, the higher the interest rate you’ll earn. The options for locking periods are:

30 days

Short-term lock, with a standard interest rate.

90 days

Medium-term lock, offering a higher interest rate.

180 days

Longer lock period, providing an even better rate.

365 days (1 year)

The longest lock period, rewarding you with the highest interest rates.

The longer you lock your funds, the more you can earn, making it a great way to maximize your returns.

Interest Example

Let’s say you deposit 1 ETH at 12:00 PM, and the annual interest rate for ETH is 5%. Here’s a breakdown of how your interest could grow:

You will have earned a very tiny bit of interest (like 0.0000001 ETH for that minute).

Your balance might have increased slightly (like 0.000001 ETH).

You could earn 5% of your ETH, which would be 0.05 ETH for a full year, but because the interest is compounded minute-by-minute, you will actually earn a little more than that.

Withdraw Anytime with No Penalties (Before Lock Period Ends)

If you lock your coins for a longer period, like 365 days, but decide to withdraw after 100 days, you’ll still receive the interest earned during the time they were locked. However, you may not get the full benefits of the higher rate unless you wait for the full year.

Summary

"Hold to Earn" starts earning interest immediately after depositing your coins, calculated minute-by-minute.
Lock your coins for 30, 90, 180, or 365 days to earn higher interest rates.
Interest is compounded, allowing you to earn on both your deposit and accumulated interest.
Withdraw anytime, but longer lock-in periods yield higher interest.

Hold to earn