How to Deposit $HOLO to Earn Interest
DEPOSITING
HOLOCLEAR offers holders the opportunity to earn interest on their $HOLO just as you would in a bank account. Interest is paid in a second token called HOLOYIELD, which can then be exchanged 1:1 for $HOLO. To earn interest you need to deposit your $HOLO into an account on the HOLOCLEAR dAPP. The steps to do this are:
- 1.Make sure your wallet is connected
- 2.Ensure you have $HOLO in your wallet
- 3.Choose the amount of $HOLO you would like to stake and earn interest
- 4.Click 'DEPOSIT TO $HOLOYIELD'
- This then exchanges your $HOLO to $HOLOYIELD so you can begin earning interest
- 5.The total deposited will now appear in 'total deposited balance'
- This will show you the total amount in your account, next interest payment and weekly return on investment
- APY will adjust dynamically in line with market forces and treasury performance
- 6.Leave your $HOLOYIELD and earn income passively for as long as it is deposited
- 7.While you hold a deposit account you will also be automatically entered into the HOLOPOOL prize draw each week
WITHDRAWING
Should you want to withdraw your deposited $HOLOYIELD you can do this at any time. To do this simply follow these steps:
- 1.Select 'WITHDRAW'
- 2.Choose amount of $HOLOYIELD to withdraw
- 3.Click 'WITHDRAW $HOLOYIELD'
- 4.There will then be a 24 hour 'cooldown' period (with subsequent withdrawals from the same wallet submitted within this period resetting the 24 hour cooldown for the total amount)
- 5.After this you can 'claim' your $HOLO (with interest) from the dapp
- 6.Once claimed the $HOLO will appear in your wallet