PDAX’s Hold and Earn Campaign for $USDC, $USDT Raises from 10% to 11% Annual Yield

Starting November 11, 2024, to November 30, the Hold and Earn campaign of virtual asset service provider PDAX is offering an 11% annual yield for those users who ‌hold $USDT and $USDC.

This article is in collaboration with PDAX. Make your next money move with PDAX by signing up here!

Photo for the Article - PDAX’s Hold and Earn Campaign for $USDC, $USDT Raises from 10% to 11% Annual Yield

What’s the significance: An increase in yields means an increased opportunity for traders who hold tokens and have no time to be active in watching the market.

About PDAX’s Hold and Earn Campaign: The crypto exchange, which also offers tokenized bonds and supports an NFT marketplace, started its Hold and Earn Campaign on July 1, 2024, with 10% annual interest on $USDC and $USDT tokens.

New Offering: The campaign’s raise to 11% annual yield will run from November 11 to 30 only. There is no update yet on when will be extended.
To Be Eligible: A PDAX user must have a level two verified account and have bought or sold either crypto, bonds, or filled limit order transactions this year.
Holdings Required: A minimum of 250 tokens and a maximum of 10,000 tokens.
Tokens to Hold: Either $USDC on the Solana network, $USDC on the Base network, or $USDT on the Tron network.
How Will Rewards Be Earned: Credited weekly every Wednesday, the user will automatically receive the yield they earned from the past week’s Sunday to Saturday.
- There will also be an email between the 10th and the15th of the following month that includes a summary of the rewards that the user has earned for the covered month.

“The Hold & Earn Program is a rewards initiative where users can earn incentives based on the amount of tokens they hold on PDAX. It’s designed to reward users for their loyalty and long-term engagement. This allows us to provide a rewarding experience that meets the needs and interests of our community.”
PDAX

How It Works: To compute the daily rewards earned, it will be computed based on the minimum daily balance of the respective token in your wallet within the 24-hour period.

Formula: Daily Rewards = (Amount of Holdings) * (11% * (1/365))
Example Computation: A user holds 300 $USDC on Solana for seven days.
- The rewards they will receive will be: 300 * 0.11 * (7/365)
- So the total reward will be $0.633 for a week of holding.
- A year of holding will earn the user of around $33.

Worth Reading: Aside from PDAX, BitPinas has also created a list of platforms and applications that offer yield farming. And the good news is that we update this list monthly!