Holders of Dogecoin (DOGE) may now receive interest on their investments through the famous cryptocurrency lender Celsius. According to a statement, DOGE holders can receive up to 0.5 percent APY(annual percentage yield) in kind. According to Celsius’ release, DOGE holders can earn interest on the platform’s native Celsius token (CEL). If eligible customers with the platform’s Platinum level choose to do so, incentives can rise to 0.63 percent.
According to the company’s support website, having platinum status on Celsius indicates that customers hold at least 25% of their portfolios in Celsius tokens (CEL). It’s worth mentioning that earned rewards in Celsius (CEL) aren’t accessible in the US, according to the support website.
Celsius Network is a well-known bitcoin lender that was formed in 2017. Its CEO, Alex Mashinsky, has previously forecast that the price of bitcoin will rise to $160,000.
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