One of the oldest homegrown cryptocurrency platforms, Zebpay has launched a first-of-its-kind crypto lending model in India that allows people to earn interest on their crypto holdings.
The lending facility works more like the regular fixed deposits and will be available in two options — open term and fixed term. The fixed-term allows investors to park their cryptos in a deposit for up to a 90-day period.
Depending on the term of deposit, users will be able to generate returns of up to 3% on their Bitcoin, up to 7% on Ethereum and Dai and up to 12% on Tether, the company said in its announcement.