Since the advent of blockchain technology and the subsequent creation of crypto assets, there have been constant demands for an efficient product that will combine the pros of traditional finance (TradFi) and DeFi. As a result, Youhodler recently launched its “Dual Asset” product, designed to combine the simple user interface of traditional financial platforms and the high yield of DeFi platforms.
Anyone can easily use the wealth management product, which also has a whooping return of as high as 360% annual returns (APR). Dual Asset aims to revolutionize the yield generation market and create more wealth for users.
More Details about Dual Asset
As the name implies, it is an integration of two different assets, a volatile crypto asset and a stablecoin. The “Dual Asset” is designed to enable the user to earn more yield while also effectively mitigating risk. Users earn a payout in volatile crypto assets or stablecoins, irrespective of the market direction. What it means is that it is highly improbable to incur losses while using the Dual Asset product.
However, you can earn less than the maximum potential profit. Also, the longer your staking period, the more possible it is for the market to trade in the negative. This is why Youhodler has designed it so that users can only stake for as short as a half of the day (12 hours) and as long as 7 days (168 hours) maximum staking period.
Dual Asset’s Working Mechanism
The working principle of Dual Asset on Youhodler is covered in three significant steps, which include:
- The user selects the crypto and stablecoin pair from the available list on the platform; an example is ETH/USDT.
- The user opens a stake with 1 ETH (or about 1800 USDT) as the input coin.
- The user selects the preferred staking duration (between 0.5-7 days), including the 200% APR and then clicks “Start.”
Once the staking period has elapsed, the user will either be paid back in ETH or USDT, depending on the difference between the final price of ETH and the ‘original’ price. If the final price of ETH is higher than the ‘original’ price, the user gets paid in USDT, including the APR. However, if the final price of ETH is less than the initial price, the user gets paid the investment plus the yield in ETH. So while the latter might appear like you are getting paid with a depreciating asset, in a real sense, you have more ETH than you staked at first.
What sets Dual Asset apart from other Hodling Methods
- Users always make a profit
Unlike other traditional hodling methods in crypto, Dual Assets ensure that you make a profit whether the market depreciates or appreciates. However, your profit can be less than the amount you could have received if the price of the crypto asset in your staking pair depreciates at the end of your staking duration.
- Simple, efficient, and easy to use
For most of the DeFi staking protocols, you will have to undergo numerous complicated steps before staking. This is quite the opposite with Youhodler’s Dual Asset yield generation product. With the Dual Assets product on Youhodler, you have to deposit the crypto asset in your Youhodler wallet and then stake using the Dual asset feature.
- ’ known’ individuals run the product.
Most DeFi staking protocols are run by anonymous entities, giving room for certain uncertainties and security risks. Youhdler’s CEO is Ilya Volkov, and his experienced team members are all represented on the official website. The fact that users’ funds are locked for a very short period (Max. of 7 days) further reduces the chances of losing funds.
Dual Assets is a new product with the potential to help users build wealth in the crypto space. The fact that it is a win-win for users irrespective of market conditions makes it more interesting and unique. You can join the teeming users already exploring the benefits of “Dual Assets” by clicking here.