Cryptocurrency exchange Bitget has unveiled its latest service, HodlerYield, designed to enable users to earn passive income simply by holding specific tokens. The feature, which supports USDE and weETH as its initial tokens, offers a straightforward and transparent method for crypto investors to grow their holdings.
The innovative Hold-to-Earn programme provides base annual percentage returns (APRs), with the potential for additional rewards through promotional offers. Combined, these rewards can deliver APRs exceeding 20%.
Simplified Crypto Income for Users
Unlike traditional staking services offered by centralised exchanges, HodlerYield eliminates the need for liquidity lock-ups or complex subscription processes. Users receive daily rewards for holding eligible tokens, regardless of whether they are stored in spot accounts, sub-accounts, or collateral accounts under Bitget’s unified margin mode.
Gracy Chen, Bitget’s CEO, commented:
“At Bitget, we aim to deliver smarter crypto investment solutions. With HodlerYield, users can earn rewards effortlessly while maintaining control of their assets. This service makes passive income generation more accessible and user-friendly.”
How HodlerYield Works
The service calculates rewards based on daily snapshots of user balances across different accounts. Eligible tokens include weETH, a liquid restaking token from Ether.fi, and USDE, a synthetic dollar issued by Ethena. Users need a minimum holding value of just 1 USDT to qualify. Rewards, which are dynamically adjusted according to market conditions, are automatically credited the following day.
Mike Silagadze, CEO of Ether.fi, said:
“We’re thrilled to collaborate with Bitget to make weETH a viable collateral option. Users can now earn passive income on their ETH holdings while maintaining market exposure.”
This flexibility allows users to manage their crypto assets with ease, earning consistent returns without the hassle of manual claim processes or liquidity constraints.
Boosting Yield-Bearing Token Use Cases
HodlerYield represents Bitget’s commitment to enhancing the utility of yield-bearing tokens while prioritising simplicity and transparency. The platform supports multiple holding methods, ensuring users can benefit regardless of how they choose to store their assets.
Bitget’s launch of HodlerYield also aligns with its broader mission to empower users through innovative financial tools. The service reflects the company’s focus on providing secure, user-centric platforms that cater to both experienced traders and newcomers to the cryptocurrency space.
As the crypto industry continues to evolve, initiatives like HodlerYield highlight the growing emphasis on accessible and flexible investment solutions. With this new offering, Bitget aims to attract a wider audience of investors looking to maximise their returns in an increasingly competitive market.
