Important Notice: REINNO discontinued its Interest-Earning service as of May 1, 2020. This move is based on the company’s strategic decision to concentrate on its core services related to commercial real estate — tokenization, lending and marketplace. This will not affect the users who have already transferred DAI and started earning — they will still receive interest at the end of the earning period. They also have an option to withdraw their DAI at any moment until the end of the term. However, it will not be possible to start a new Earn Interest deal.
How to Earn Interest on Dai?
REINNO, a real estate tokenization and lending company, has recently added interest-earning Dai accounts to its product line. Dai holders can now leverage their assets and earn passive income in an easy, flexible and secure way.
Why Should You Earn Interest with REINNO?
- REINNO offers high yearly interest rates up to 8%.
- You can earn money in your sleep — this is a perfect passive income opportunity.
- No fees! Creating an account, adding funds and withdrawing coins is absolutely free.
- No minimums! Earn on as many Dai tokens as you wish.
- You can cancel your Earn Interest deal and withdraw the Dai you have added at any time.
- You funds are secured by real estate-backed overcollateralized loans.
Why Should You Earn Interest on Dai?
Dai provides stability when markets are volatile. It is the first fully-decentralized stablecoin built on the Ethereum blockchain. Its price is pegged to the US dollar (making 1 DAI = 1 USD) and backed by real assets. This makes Dai a perfect currency to use for storing value and earning interest.
MakerDao recently launched its Multi-Collateral Dai, which allows users to put up other cryptocurrencies as collateral in the MakerDAO system. Previously only ETH could be committed as collateral. MakerDAO is now the most popular decentralized financial (DeFi) application on the Ethereum blockchain.
How Does REINNO Use the Funds?
The funds accumulated through REINNO’s Earn Interest product are used to finance its instant loans backed by tokenized real estate. Traditional loans backed by real estate are inefficient, slow, inflexible, and quite costly. Mortgages block the entire properties while HELOC and home equity loans require a second mortgage. REINNO solves these issues through tokenization. With tokens representing fractions of a real estate asset, users can decide on the loan size they need at a given moment and hold or trade the remaining tokens not used as collateral — even before the loan is fully repaid.
The value of real estate appreciates over time and can never go to zero. This makes it a perfect option for loan collateral, especially when compared to cryptocurrencies whose values are extremely volatile. REINNO’s Earn Interest clients can rest assured that their funds are secured by real estate at all times, even if a user fails to repay a loan.
How Can You Earn Interest?
Earning Interest is easy with REINNO. Follow these simple steps:
- Open an account on REINNO’s platform - app.reinno.io.
- Transfer Dai to your REINNO account.
- Select the period, start earning interest on Dai and enjoy passive income!
To ensure safety and compliance, REINNO requires that all users complete a KYC procedure (Know Your Customer) and set up two-factor authentication.
You can select a three, six, nine or twelve month period, resulting in a five, six, seven or eight percent interest rate respectively.
When an earning period is complete, REINNO transfers interest to your wallet. You can decide whether to withdraw funds or earn more.
In the last month of your active deal, you will be asked whether you want to continue earning. If you decide to renew an ongoing Earn Interest deal, the same interest rate and period length will apply.
Register at app.reinno.io and start earning today!
