JULY 1, 2021
Start earning a yield on XRP with SwissBorg!
The SwissBorg community can now start earning a yield on the seventh largest crypto by market capitalisation - XRP!
With the XRP Smart Yield wallet, users can enjoy the summer sun while earning a yield of up to 4% p.a.
Simply, while you are travelling, at the beach or spending time with family and friends, your Smart Yield wallet is earning passive income on your crypto holdings. Here’s how it works:
- Every day, the Smart Yield strategy optimiser monitors and rates all available investment opportunities based on their risk and expected returns, then only invests in those that achieve a minimum risk score.
- Your holdings earn a variable yield that ensures you are getting the highest available yield for the best risk/return ratio, every day.
- Your yield is compounded on a daily basis, which leads to a higher cumulative yield over time.
- We contribute 25% of maximum yield earnings to the Smart Yield Safety Net Program, which is available to offset smart contract risk.
- You can start earning with just $10, and there is no minimum investment period - all redemptions are actioned within 24 hours.
The XRP Smart Yield wallet is the latest addition to our suite of yield wallets in the SwissBorg app, which now include Bitcoin, Ethereum, CHSB, USD Coin, Binance Coin and Tether.
Boost your yield with a Premium account
Intrigued? There’s more! You can boost your yield percentage by upgrading to one of our Premium accounts:
- Genesis Premium: Stake 50,000 CHSB to earn 2X the standard yield
- Community Premium: Earn 1.5X the standard yield by staking just 2,000 CHSB
In addition to a yield multiplier, all Premium users also benefit from discounted fees on all exchanges.
The best part is that a Premium account doesn’t cost anything - the tokens you stake are still yours and in your wallet, they are simply locked for 12 months. At the end of the 12-month period, you can freely unstake your CHSB and use them for exchanges or yielding (though remember that if you unstake, you will lose your Premium benefits).
To go Premium, go to the Premium tab in the SwissBorg app and choose whether you would like to upgrade to the Genesis or Community tier.
How to start earning a yield on XRP
To activate your XRP yield wallet in the SwissBorg app:
- Update your app to the latest version
- On the Portfolio screen and tap on XRP
- Scroll down, and tap the Yield Wallet card
- Tap Top Up
- Choose how much you would like to add to your yield wallet
- Follow the prompts to start earning a daily yield!
Note that while there is no minimum investment period, redemptions are actioned every 24 hours. Once you ask to redeem funds, they will be transferred to your active account at 8am GMT the following day.
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