EARN. SEND. SWAP.
With the First Stablecoin Wallet
- Add / Withdraw Stablecoins with Local Bank Transfer
- Cash Out from Exchanges to your bank or ATM
- Earn up to 10% APR. Withdraw anytime
- Send Funds Globally In Minutes
How it works
Secured by the Ethereum blockchain, and in partnerships with local service providers, Everex lets you send, receive, earn interest, and safely keep stablecoins and digital assets in a secured digital wallet.
Use Stablecoins to trade on crypto exchanges or earn and borrow from lending protocols
Local money transfer
- Exchange Fiat currencies from your bank account to Stablecoins
- Cash out Stablecoins from any cryptocurrency to your bank account or cash
- Earn annual interest from lending protocols
- Borrow up to 75% from your collateralized funds at any time
Earning Money with Lending Protocols.
A decentralized lending protocol can be understood as an automated money market.
Decentralized lending protocols enable lenders to deposit their digital assets into a smart contract. The interest rate is variable and fluctuates between 6 and 14% APR.
The contract then makes those funds available to hedge funds and margin trading pools willing to pay interest for access to liquidity (the digital assets supplied to the smart contract). Borrowers pledge cryptocurrency as collateral to borrow from these lending pools.
Your interest is calculated with each block mined on Ethereum blockchain. Available for withdrawal at any time. Borrowers repay loans with interest to redeem collaterals.
How Lending Protocols Work
**Current risks associated with Lending protocols:
- Smart contract risk which can be mitigated with following the best practices and regular contract audits
- Price volatility in a flash crash resulting in lenders’ funds being at risk.