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Connect Your DOTs: Buy, Earn Interest & Borrow Against DOT on Nexo

Jun 23·2 min read
Product
Connect Your DOTs: Buy, Earn Interest & Borrow Against DOT on Nexo

If you’re a Polkadot fan, we have good news for you: Nexo is connecting the dots by making DOT available on our platform, thus helping to increase the asset’s utility, easing selling pressure, and making HODLing stress-free for users.

Check out the services you can benefit from with the new integration:

  • Buy DOT on the Nexo Exchange and get cashback.
  • Еarn up to 8% interest on DOT, paid out daily.
  • Borrow against your DOT with the industry’s most versatile crypto credit line.

With the initial launch of DOT on Nexo, clients will be able to add the asset to their Nexo Wallets by purchasing it through the Nexo Exchange. DOT withdrawals and deposits will remain temporarily unavailable, but will become possible on the platform in due time. This new approach of integrating currencies to Nexo allows us to speed up the addition of new assets to our platform and make our range of financial services available to a wider range of crypto holders.

Get the full details on Nexo’s services for DOT below 👇.

Buy DOT on the Nexo Exchange

You can now buy DOT on the Nexo Exchange using both crypto and fiat with over 100 trading pairs and optimal rates from our industry-unique Smart Routing System which pools prices from multiple exchanges and finds the best one for you. All swaps are executed instantly, so your DOT becomes available in your Nexo Wallet within seconds.

Get 0.5% Cashback

To celebrate the launch of our DOT integration, we’re also giving you 0.5% cashback on all DOT purchases through the Nexo Exchange. The offer is valid until June 29, 2021.

DOT Trading Pairs on the Nexo Exchange:

DOT/BTC DOT/BNB DOT/ETH DOT/USDT DOT/HUSD DOT/USD DOT/EUR DOT/GBP

Earn on DOT

Get up to 8% interest, paid out daily on DOT with Nexo’s Earn on Crypto. You can choose between a fully flexible account with no lock-ins by using our standard FLEX Terms, or you can bump up your yield with Fixed Terms.

Get Cash, Keep Your DOT

Spend the value of your crypto without having to sell it with the Instant Crypto Credit Lines™ which enable you to borrow using DOT as collateral at competitive rates starting from just 6.9% APR and a loan-to-value ratio allowance of 30%.

All credit requests are processed automatically with instant approvals, no credit checks, and local bank withdrawals available within 24 hours. You can borrow from as little as $50 to up to $2 million with larger sums also available upon request. There are no installments, no minimum loan repayments, and no hidden fees so you’re free to manage your credit as you see fit.

Why Nexo’s Credit Lines for DOT Are Unique?
Unlike regular crypto loans, Nexo offers crypto credit lines which means you can take out as much or as little cash as you want, whenever you want as long as you maintain a healthy LTV ratio. Interest is accrued only on the sum you actually withdraw for as long as you have it for, ultimately giving you one of the most flexible and cost-efficient credit services in the blockchain space.

About Polkadot

Polkadot is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created. It facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain. The platform makes it easier than ever to create and connect decentralized applications, services, and institutions. By empowering innovators to build better solutions, they seek to free society from its reliance on a broken web where its large institutions can’t violate our trust.

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