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Uphold Launches Earn Product Offering Variable Yield on RLUSD Stablecoin
(2 hours ago) · 1 source · Summarized by CryptoBipto
Crypto platform Uphold has introduced an earn feature for RLUSD, a stablecoin associated with Ripple. The product offers a variable annual percentage yield of up to 7%. Details on how the yield is generated and the specific risks involved have not been fully disclosed in the report.
WHY IT MATTERS
If you have ever put money in a savings account at a bank and earned interest, crypto earn products work on a similar idea.
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SOURCES
- thedefiant.io
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Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- What are stablecoins, NFTs and tokenized assets?What stablecoins are and how they hold a steady value, what an NFT represents, and what it means to tokenize a real-world asset.
- What is DeFi, and how does decentralized finance work?Decentralized finance explained: liquidity pools, yield farming, impermanent loss, DAOs and governance tokens, each with its own definition page.