Dharma.io Launches

Dharma, A new service for earning interest on your Crypto has launched. The service puts an easy to use interface on the complicated Compound Protocol, making it possible for anyone to earn interest on their StableCoins.

Currently the service supports Dai and USDCoin — To of the most popular and most trusted stablecoins.

Dharma pays anywhere from 2–8% per annum. The amount is constantly changing and can change as often as every 15 minutes. During testing, we found that the average interest rate was around 4% — which is much higher than what any bank around the world is currently offering. This makes it an attractive alternative to traditional banks for saving money.

You can find out more about Dharma here.