Here Comes the Fantom of the Yields! $FTM Joins Nexo With 18% APR

Jan 274 min read
Asset Updates
Here Comes the Fantom of the Yields! $FTM Joins Nexo With 18% APR

Fantom had an explosive week against a backdrop of bleak market sentiment. ​​The project’s total value locked (TVL) has increased 126% over the past month and the network is bursting with new protocol and developer activity.

We’re not letting you miss out on the action, so Fantom’s FTM is now live on the Nexo platform!

  • Buy: Buy FTM on Nexo and get it in your wallet within seconds. You earn up to 0.5% back on each exchange transaction.*
  • Еarn: Receive up to 18% interest on FTM, paid out daily, with our current promo, and keep earning high yields in the long run.
  • Exchange: Convert to and from FTM on the Nexo Exchange instantly.
  • Borrow: Borrow against FTM at rates as low as 0% APR.

*The crypto rewards you receive depend on your Loyalty tier. The higher your tier, the more rewards you get. For example, Platinum users get 0.5% back.

Fantom’s Role in Our Vision for a Multi-chain MetaFi World

Fantom’s integration is just the latest in a series of rapid-fire listings which have turned the Nexo platform into one of the most efficient gateways to the DeFi ecosystem. Never ones to rest on our laurels, we’re constantly on the lookout for the most promising projects and we’ve noticed the exponential growth of Fantom due to the network’s speed and low fees. Fantom even briefly overtook Binance Smart Chain a few days ago to become the third-largest DeFi ecosystem by total value locked, according to DeFiLlama. We have no doubt that the healthy competition for talent, functionality, and adoption between projects will help blockchain technology scale and reach its full potential. So, onto building more of MetaFi together – the imminent multi-chain financial future in the metaverse.

Commenting on the integration, Fantom’s CEO Michael Kong said:

“For both retail users and corporate clients, Nexo plays an essential role in bridging the worlds of banking and crypto. But even more, as they innovate in that space, they’ve succeeded in outperforming banks in customer support and services. We are thrilled to be working and community-building with them.”

Buy FTM on Nexo

Buying FTM, one of the hottest DeFi tokens, is fast, safe, and simple with Nexo. Want a direct on-ramp? Then you can purchase FTM using your Visa/Mastercard debit and credit cards. Got some other cryptos that you’d like to purchase FTM with? You can easily convert them on our Exchange to buy FTM.

The currently available pairs are:

FTM/BTC
FTM/ETH
FTM/USDT
FTM/USDC
FTM/USDx
FTM/EURx
FTM/GBPx

Up to 18% Interest on FTM

An interest payment a day keeps inflation fears away. You heard us – at Nexo, interest is paid out daily. This means you can grow your FTM holdings every day with up to 18% interest p.a., depending on your Nexo Loyalty tier.

Fantom Limited Promo: Earn Extra Interest

Until March 1, 2022 you get yields of up to 18% when you buy FTM on Nexo. Even without the promo, Nexo’s yields are consistently among the highest in the industry.

  • Platinum: Маximum rate – 18%. Standard rate – 14%.
  • Gold: Маximum rate – 15%. Standard rate – 12%.
  • Silver: Маximum rate – 13.25% Standard rate – 11%.
  • Base: Маximum rate – 12%. Standard rate – 10%.

You can get the maximum rates simply by being a Nexo Platinum user, meaning you need to have at least 10% of your portfolio in NEXO Tokens – based on the ratio of NEXO to the other assets in your account – and enable Fixed Terms and Earn in NEXO.

FTM-backed Credit Lines

HODLers are today’s rock stars. As a long-time enabler of hodling, not only are we providing credit lines backed by FTM but we are also charging you nothing for them if you maintain an LTV of 20% or below. If you’d like to borrow more cash or stablecoins, i.e. have an LTV of more than 20%, our rates start at just 6.9% APR. Note: the higher your Loyalty tier, the lower your credit line interest. Our credit lines have:

  • ​​No origination fees
  • No monthly repayments
  • No credit checks

We are happy to welcome the Fantom community and future FTM holders to Nexo!

About Fantom

Fantom is a fast, high-throughput, scalable, and secure layer-1 platform for digital assets and dApps. It is built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed and low transaction costs make Fantom ideal for DeFi applications and real-world use-cases, testament to which is its growing ecosystem with thousands of active daily users.

Earn up to 18% on FANTOM (FTM)

Earn up to 18% on FANTOM (FTM) (“Promo”) is available within the period 14:00 UTC on January 27 2022 until 23:59 UTC on March 01, 2022 (“Promo Period”). Promo applies to all users of Nexo Earn Interest Product in FANTOM (FTM) complying with the Nexo Wallet General Terms and Conditions and the Nexo Earn Interest Product General Terms and Conditions (“General Terms”).

Nexo shall pay daily an interest rate starting from 10% (“Interest”) on all FANTOM (FTM) top-ups accumulated within the Period. The exact rates of interest, depending on the user’s Loyalty tier, and bonuses applicable for fixed terms and/or earning in NEXO Tokens, are indicated on the Nexo platform. After March 1, 2022, all users, including users of Nexo Earn Interest Product for a fixed term, will start earning at the standard rate depending on their Loyalty Tier.

Nexo has the right to maintain the integrity of Earn up to 18% on FANTOM (FTM) and in any event of fraud or fraud attempt, at its sole discretion, to revoke, deny or withdraw Interest, to block user’s access to particular products, and/or exclude a user from any future promotional offers.

By participating in Earn up to 18% on FANTOM (FTM), every participant declares their full and unconditional consent to the above requirements and the General Terms, and accepts as final and binding all Nexo’s decisions with regard to Earn up to 18% on FANTOM (FTM). All relations between Nexo and the participants will be governed by the General Terms and the applicable law, as defined by the General Terms.

Disclaimer

The exact rates of interest, depending on the user’s Loyalty tier, and bonuses applicable for fixed terms and/or earning in NEXO Tokens, are indicated on the Nexo platform.
Nexo Earn Interest Product is not available for persons who are citizens or residents of Bulgaria, Estonia, the States of New York, Kentucky, Arkansas, Texas, New Jersey, Alabama, Oklahoma, Vermont, and Washington.

Note: All times and dates stated in relation to Earn up to 18% on FANTOM (FTM) shall be defined in Coordinated Universal Time (UTC).

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