ZebPay launches crypto-based lending platform

One of the oldest crypto organizations in India, ZebPay, today launched another lending platform for crypto resource trade. The organization says that the platform is a “first of its kind” crypto lending model in India and will allow clients to lend their cryptocurrency to ZebPay, acquiring revenue on the equivalent. Obviously, the profits will rely upon the token being referred to, its worth during a specific period, and how long it’s loaned for.

“The ZebPay Lending Platform generates returns from users’ crypto investments in the event that they loan select cryptos in this manner, giving a chance to earn a passive income by adding on to the returns gained from increase in crypto prices,” the organization said.

At launch, the lending feature will just help Bitcoin, Ethereum, Tether, and Dai tokens. “Depending upon the term of deposit, clients will actually want to create returns of upto 3% on their Bitcoin (BTC), upto 7% on Ethereum (ETH) and (DaI) and upto 12% on Tether (USDT),” the organization said in its annoucement.