Bitget HodlerYield – Hold Your Assets and Watch Them Grow
The term HODL originated from a rant by a Bitcoin-talk forum member named GameKyuubi. Frustrated at the time, he declared, "I AM HODLING," expressing his decision not to sell his assets despite a sudden price drop. Interestingly, the misspelling of "holding" as "HODLING" became a humorous meme.
Today, HODLing, or being a HODLER signifies the belief in holding onto cryptocurrency long-term, trusting that its value will increase over time. To cater to this mindset, Bitget introduced HodlerYield, a flexible product that lets users earn rewards simply by holding specific tokens.
What Is Bitget HodlerYield?
Bitget HodlerYield is an innovative platform designed for tokens with interest-bearing tokens (e.g., WEETH, USDE). The platform will expand to support more tokens in the future to meet diverse needs. By holding these tokens, you can automatically earn basic returns (APR) and can also boost your incentives through various promotions. HodlerYield supports multiple holding types, offering one-stop yield management.
Benefits of Choosing Bitget HodlerYield
Earn while holding
Investors earn incentives automatically by holding supported tokens. The returns are calculated and distributed daily, ensuring a seamless and automated process.
Flexible holding options
HodlerYield supports a variety of holding methods, including spot trading, futures, and sub-accounts. It also accommodates multiple tokens (e.g., WEETH, USDE), allowing investors to switch between long-term and short-term investments with the flexibility to withdraw at any time.
Always enjoy the best APR
Bitget HodlerYield dynamically adjusts the APR based on on-chain and market fluctuations, ensuring investors always get the most competitive returns.
Support more tokens in the future
Initially, HodlerYield supports WEETH and USDE, with plans to introduce more tokens in the future to create a richer earning ecosystem.
How to Use Bitget HodlerYield
It is simple to participate in HodlerYield! If you already hold WEETH or USDE, the system will automatically calculate its income without manual operation on your part. If you do not yet hold WEETH or USDE, you only need to go to the spot page to purchase the corresponding crypto assets, or go to the HodlerYield page and purchase the corresponding assets.
Web
1. Go to the Bitget website, click on Earn in the navigation bar, and select Bitget HodlerYield.
Choose the asset you wish to buy/hold and click Buy asset.
2. Complete the purchase on the trading page to start generating holding incentives.
3. Check your returns by clicking Check my earnings on the product page. Daily earnings will be distributed to your spot account at 10:00 AM (UTC+8) the next day.
APP
1. If you are logging in from the Bitget app, tap More, navigate to the Popular section, and select HodlerYield.
Select the asset you want to buy/hold and tap Buy Asset.
2. Check your earnings in the holding section. Daily earnings will be distributed to your spot account at 10:00 AM (UTC+8) the next day.
Important Notes
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How to participate in Bitget HodlerYield?
Spot holdings: Purchase and hold supported interest-bearing tokens to enjoy the baseline APR. Additional incentives may be available if you meet promotion requirements.
Futures holdings: Use supported tokens as margin in multi-asset mode, the margin amount held in your futures account will also be eligible to generate returns.
Sub-account holdings: Valid holdings in your regular and virtual sub-accounts are eligible to generate returns, which will be distributed to the spot account of your main account.
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How are returns calculated and distributed?
Earning tokens: Returns are distributed in the platform’s designated token, e.g., ETHFI (for WEETH).
Calculation rules: The platform calculates daily returns based on your holdings and relevant promotion rules. Returns are settled daily and distributed to the user’s account the next day.
Dynamic adjustment: The APR (annual percentage rate) may fluctuate due to market price volatility. For some tokens, the APR is determined by whether trading requirements are met, as specified in the promotion announcement.
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Can I sell my holdings anytime?
Yes, you can sell your holdings at any time. However, selling may affect your holdings and potential incentives. For maximum returns, it’s recommended to maintain sufficient holdings during promotion periods.
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Why does APR fluctuate?
The returns depend on the profit-generation mechanisms of the respective token protocols. For instance, WEETH’s base yield is influenced by staking rewards on the blockchain, which may vary due to network conditions.
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Are there participation requirements?
HodlerYield products are only available to Bitget users who have completed KYC for their main accounts.
With Bitget HodlerYield, you can turn your holdings into a steady stream of income while enjoying flexibility and simplicity. Start holding today!