WhaleLend is a saving account for the purpose of digital assets, in which users can easily put their capital to work in the multiple cryptocurrency lending markets. The platform was also designed for the users to earn interest on their digital asset holdings without even taking excessive risks. The investment saving account work for each and every one. Some of the pillars include the:
Interest rates fluctuate on a daily basis
Daily paid interests
Amount of interest paid in the same currency as the investment.
WhaleLend started as a bunch of code which is running on an old computer which is meant for just a few people. With time to time, more family and friends expressed their interest and simply asked to join.
WhaleLend How it Works?
The platform sets out your capital to the market for crypto lending so that the traders can borrow. In return, traders can even easily pay interest based on the agreed rates. Your capital even remains protected and safely such that the traders can lose everything while your investment with the help of Whale lends put and safe. The platform operates on what they called as the “margin lending.”
Apart from that, Whale Lend as a service provider which even works with both the crypto exchanges and customer to facilitate the process of Margin Lending. It is neither an Investment fund nor a bank.
Multi-purpose exchanges: it diversifies amongst numerous exchanges to reduce the risks.
A secure platform: Whale Lend works on the industry-leading security practices.
Transparency: The Platform offers the full details of the company and their team behind the service.
There is no such any type of investment without risk. AT Whale Lend, two main risks which are involved in:
The cryptocurrency exchanges can fail to risk limit their trading engines. However, the risks are rare and most unlikely to occur in some of the leading crypto exchanges.
The cryptocurrency exchanges can become involvement, especially at the time of the hacking, which can even lead to a loss.
Whale Lend is for anyone with the purpose of digital assets that are even lying idle in the wallet. The platform can even help them earn money from it. Besides that, if you wan returns from cryptocurrency markets, but do not want to take the risks of buying directly, you can utilize the platform. However, Whale Lend enables everyone to become a “Whale” and earn interest from the lending market.