To explore savings conditions, open the main (wallet) page of your account
Crypto portfolio - the total value of crypto assets in USD you hold in your wallet.
Yield Limit - the total value of crypto assets in USD on which you earn yield.
APR - annual percentage rate.
APY - annual percentage yield, the annual compound interest.
The max Yield limit is 300K USD in crypto equivalent.
The default limit starts from 1k USD in crypto equivalent based on the account activity.
The minimum amount to start earning interest is 100 USD in crypto equivalent for any coin.
Savings available for crypto and stablecoins only.
Settlement period - 7 days.
Settlement date is the same you sign the Savings Reward Agreement.
The interest is paid in crypto (wallet currency) in equal shares across the portfolio in your YouHodler wallet.
A full Terms and conditions are available in your Savings Reward Agreement in the profile section - Reward Terms and Condition.
How is the payout calculated?
Every 4 hours the system counts the total balance of your wallets. After 1 week the system takes the amount that you kept on wallet for the week and calculate an interest payout for each cryptocurrency.
You hold 5000 USDT in your wallet for a whole week. At the end of the week you will get 5000 * 0.08 / 365 * 7 = 7.67 USDT interest.
You hold 5000 USDT but moved 1000 USDT out of your wallet for 1 day. At the end of the week you will get a sum of 5000 * 0.08 / 365 * 6 = 6.57 USDT (for full 6 days) and 4000 * 0.08 / 365 * 1 = 0.87 USDT (for 1 day).
What is "Dynamic limit"?
Dynamic limit is the maximum amount by default you can earn interest on. For the most of the users it is 1K USD in crypto, but it can be different based on your activity on the platform.
You have 30K USD worth crypto in your wallet (BTC, USDT, etc.) and your Dynamic limit is 25K. If you haven't done any actions on the platform for the period. In that case, the interest will be calculated on the amount within the limit of 25K only.
Simple rules of "Dynamic limits":
You earn interest on a maximum value of your Dynamic limit.
You earn interest proportionally on all your wallets with % APR.
Wallets without % APR do not affect your portfolio.
How to increase the limit?
To increase your Yield Limit, click the crypto portfolio to see the Yield Booster.
The Yield Booster shows your current savings conditions:
Earn amount in USD
The next payout date
The current portfolio value in USD
Weekly average - the average amount you hold in your wallet within the settlement period
The current Yield Limit
Personal Yield boost offer
The limit increase calculator
Once you choose the amount you want to increase your limit, click the limit increase button to see the increase options:
Increase the savings limit using Dual (Dual Assets). Open a Dual, and the limit will be increased by the input amount of your dual at the time of opening.
Increase the savings limit using MultiHODL. Open a MultiHODL deal, and your limit will be increased by the deal volume (total collateral) after opening a trade. A $100 worth collateral with a multiplier of 5 would result in a $500 total volume of the position. Your limit will increase by $500 within a minute after opening a position.
Increase the savings limit using Loans. Get any amount loan. At the time of loan opening and closing, the limit will be increased by the collateral value in USD. If the value of the collateral decreases at the time of closing the loan, the limit will be increased by the collateral value based on loan opening price. If the value increases - by the collateral value based on loan closing price. For example, you use as collateral $1K worth BTC. At the opening and closing a loan, the market value of the collateral in USD will be added to the savings limit.
Increase the savings limit using Convert (Exchange). Make any conversion on the platform. The limit will be increased by the value of the converted amount in USD. If you exchanged 0.3 ETH worth $1000 for 0.01 BTC, you will get plus $1000 to the limit.
Increase the savings limit using Turbocharge. Open any amount Turbo loan. At the time of loan opening and closing, the limit will be increased by the total collateral value in USD. If the value of the collateral decreases at the time of closing the loan, the limit will be increased by the collateral value based on loan opening price. If the value increases - by the collateral value based on loan closing price.
Use any of offered options and your limit will be increased right after processing the operation. You can also skip those steps and simply use any of described products to increase the limit.
At the end of the settlement period, the Yield Limit of your account will be set to the default level and will be increased once again in the next period based on your activity on the platform.
Will I keep earning interest on funds used in MultiHODL / Dual / Loan?
We pay interest on any funds you use in MultiHODL and DUAL (input amount), even if you use your whole balance. The APR conditions apply for all funds hold in MultiHODL or DUAL.
Collateral used in Loans doesn't count in interest calculation.
Please be advised:
Savings are not available for Swiss users.