Deposit and lend any of the listed coins in your Walletreum wallet for a required period to earn the relevant reward percentage depending on your acquired time package
Lending is the simple concept to offer loans to borrowers for a specific period of time and earn interest on your holding. Walletreum team has introduced the new concept of lending based on “ALGON” considering the fact that how to secure the value of deposited assets of lenders in a bear market. ALGON will play the role of fund manager for the lenders and any asset you lend at Walletreum will not depreciate up to 9% fall of a crypto asset in stable value even in the bear market.
Note: IN BEAR MARKET, USER CAN WITHDRAW EQUIVALENT VALUE IN STABLE COIN-OR IN BANK, WHEREAS IN BULL MARKET, USER CAN WITHDRAW IN DEPOSITED CRYPTOCURRENCY.
Any asset you lend at Walletreum will not depreciate more than 9% of the deposited value. In case the market drops from the deposited price of the investor, the investor will receive 1% to 9% less amount of the total fixed asset value at the time of depositing and if the market rises, there will be zero deduction.
We have given the numerical example with assumed values for better understanding as follows:
Let assume the crypto-market drops:
User (X) deposit = 1 BTC
Price of BTC at the time of deposit = $ 10000
Locked amount = $10000
Locked time period = 3 months
Depreciation = 1% to 9% from the original amount in-case of market drop
(if market drops 10% = Amount depreciated 1% of $10000
if market drops 20% = Amount depreciated 2% of $10000)
Interest earnings = 20% yearly
Interest earning per month = 20 / 12 month = 1.66%
Now, if BTC price drops 20% at $ 8000 after 3 months at the end of the locked period then User(X) can withdraw instantly
Interest earnings after 3 months on $10000 = 1.66% * 3 * $10000 = $498
Amount depreciation on 20% market drop = 2% of $10000 = $200
User(X) will get =$10000 (invested amount) - $200 (2 % depreciation on 20% market drop) + $498(interest earning) = $10298 in stable coin