We’re excited to announce the launch of DeFi Earn in the Crypto.com DeFi Wallet App! You can now grow your crypto assets on the Crypto.com DeFi Wallet App using our new decentralised finance offering, and earn passive income with a few simple steps.
To start, you can access the feature via the ‘Earn’ tab on app version 1.5.0 or above, and start earning interest instantly upon depositing tokens and receiving on-chain confirmation.
There is no minimum term, and you can withdraw your deposit with the accrued earnings at any time subject to the individual protocol terms & conditions
Crypto.com DeFi Wallet is a decentralized (non-custodial) wallet where you’re the one and only custody of your wallet and crypto assets. Crypto.com remains as a facilitator of the deposit & withdrawal process.
How does DeFi Earn work and how am I actually earning?
DeFi Earn demystifies decentralised finance and allows you to deposit your crypto assets to DeFi protocols through native in-app integration. You are able to receive the best return because your tokens are deposited to the integrated protocol with the highest APY at the time of the deposit.
At this stage, our integration with the Compound Lending, Cosmos Staking and Yearn Earn V2 protocols give you easy access to grow 12 crypto assets. We’re working hard to integrate more DeFi protocols to help you grow your digital assets easily.
DeFi Protocol | DeFi Earn Supporting Token | Type of Earning |
BAT COMP DAI ETH UNI USDC USDT WBTC ZRX | When you deposit assets to Compound, you act as a lender to supply loanable assets and receive a fixed amount of cTokens - interest-bearing tokens issued by Compound to represent your deposit + interest accrued. | |
ATOM | When you deposit ATOM to a validator, you are staking and delegating your ATOM to the validator that earns ATOM rewards by validating transactions on the Cosmos Network. Your reward balance will accrue every block after staking. | |
DAI USDC USDT TUSD SUSD WBTC | When you deposit assets to Yearn Earn V2, you act as a lender to supply loanable assets and receive a fixed amount of yTokens - interest-bearing tokens issued by Yearn to represent your deposit + interest accrued. | |
CRO | When you deposit CRO to a validator, you are staking and delegating your CRO to the validator that earns CRO rewards by validating transactions on the Crypto.org Chain. Your reward balance will accrue every block after staking. |