Dogecoin (DOGE) Holders Can Now Earn Interest Via Celsius Network
Crypto financial services platform Celsius Network took it to Twitter to announce support for Dogecoin (DOGE).
Dogecoin holders can now earn interest on their holdings via popular cryptocurrency financial service platform Celsius Network. According to an official tweet from Celsius, DOGE holders can earn up to 0.5% annual percentage yield (APY).
The announcement further detailed that DOGE holders can, if they so choose, decide to earn interest in the platform’s native CEL token, which would increase the APY up to 0.63% for eligible users with a Platinum status on the platform.
?? @dogecoin ( $DOGE ) is now supported on Celsius. Earn up to 0.50% APY when earning in-kind, and up to 0.63% when earning in CEL token (Eligible Users, Platinum Status). ?
*Subject to Celsius’ Terms of Use; Not all coins/services are available in all jurisdictions. pic.twitter.com/AFywkxWFCv
Reaching a Celsius platinum status, users should have at least 25% of their portfolios in CEL tokens. However, earnings rewards in CEL is not available in the United States, according Celsius support page.
Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users.
Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments.
Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency.
Celsius was founded by Alex Mashinsky and Daniel Leon.
