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Cred to enable in-app staking through Klever wallet

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Crypto Business World

CBW -External Analyst

INDIA

Sep, 04 2020

Sep, 04 2020

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Crypto wallet app Klever will allow users to stake cryptos from within the wallet in Cred’s staking programs. The cryptocurrency wallet platform Klever will allow users to stake several cryptocurrencies. This includes bitcoin (BTC), Ether (ETH), Tron (TRX), and others in Cred’s staking programs from within the wallet. Cred is a cryptocurrency staking and lending platform. It allows users from across 190 countries to lend their cryptocurrency funds in return for monthly rewards. The rewards are in stablecoins, cryptos, and fiat currencies. The feature will allow users to opt for any of the Cred staking programs. These will be in return for monthly rewards. It will allow users to stake Tron, Bitcoin, and Ether. This will be without having to hold any minimum threshold. 

Users will also be able to choose whether their preferences. They will choose to receive the monthly interests in ERC-20 stablecoins or other cryptocurrencies. These include such as BTC, ETH, TRX, Chainlink (LINK), and Basic Attention Token (BAT).Both companies are working with a revenue-sharing model. This means Klever would keep a commission for facilitating the staking process for its users with Cred.

 

Users will not get rewards in fiat currencies. This is possible on Cred. But they will be able to do so in the near future. It will be possible after the launch of their new product Klever Bank. Besides, Klever would now also allow its users to swap Cred’s utility token. LBA for BTC, TRX, ETH, Tether (USDT), and Klever’s native token KLV. While currently, Klever only supports three public chains. These are Bitcoin, Ethereum, and Tron. {latform will add support for more chains. These include Litecoin (LTC), DigiByte (DGB), DogeCoin (DOGE), EOS (EOS), Stellar (XLM), Bitcoin Cash (BCH), and XRP.

 

Further, cryptocurrencies supported on these blockchains will be available soon for staking. It will be allowed with Cred inside the Klever App.


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Crypto Business World

CBW - External Analyst

INDIA

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