SwissBorg, a crypto purchasing, analysis, and staking app, recently added AVAX for staking and purchasing. It allows users to stake Avalanche’s native token to earn up to 3.75% APR on the app.
When compounded daily, the returns can be boosted to earn yields as high as 7.5%. Nicolas Remond, SwissBorg’s CTO, showed delight in the development. Nicolas added that as part of SwissBorg’s mission to democratize wealth management, a partnership with Ava Labs is one of the best steps for the platform.
Nicolas added that users have been asking for AVAX to be added to the app for quite a while. With the latest addition, over 600,000+ users will get the chance to earn more competitive yields.
The ventures have already started the integration, allowing users to add AVAX to their crypto portfolios. The app is currently available in 100+ countries; however, its unavailability in the US affects its use-cases.
The process to earn yields on SwissBorg is simple, and users merely need to stake AVAX in the Smart Yield wallet and let the platform take care of the rest. SwissBorg aims to reduce complications surrounding yield farming to create a passive process.
The platform generates the yield by using an oracle to scan and leverage any available investment opportunities. It releases monthly reports to clarify its Smart Yield wallet’s performance.
Currently, there are four staking tiers available on SwissBorg. Here is an overview of them all:
- Standard tier – 3.75%
- Community Premium – 5.63%
- Generation Premium – 6.56%
- Genesis Premium – 7.5%
The app also offers simple steps for the deposits and staking of AVAX. It can be done by following the given steps:
- Update the SwissBorg app
- Buy, exchange, or deposit AVAX
- Choose AVAX in the Portfolio section
- Browse and click on the Yield Wallet option
- Press the Top Up section
- Select the amount to be added to the wallet
- Follow the prompts and start earning
With 30+ cryptocurrencies and 16 fiat on-off ramps, SwissBorg allows users to curate a well-rounded portfolio in one place.
Source: https://www.cryptonewsz.com/swissborg-releases-automated-smart-yields-on-avax-in-100-plus-countries/