Earn 4-percent interest on XLM deposits on Abra

Abra allows you to earn interest on various cryptocurrencies by depositing them in their application. Today, Abra has increased interest on Stellar Lumens (XLM) deposits to 4% which is highest compared to any other platform.

Other than XLM, you can also earn interest on USD, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Abra app is available on Google Play Store as-well-as on iOS App Store. Their app also lets you trade and exchange between 100+ cryptocurrencies. Money can be deposited or withdrawn via Bank ACH and wire transfer.

You can also deposit any of supported cryptocurrencies. There are no limits on deposits. Here are their current interest rates:

  • Litecoin – 4.5%
  • Bitcoin Cash – 4%
  • Stellar Lumens – 4%
  • Bitcoin – 4.5%
  • Ethereum – 5%
  • TUSD / USDT / USDC / PAX – 10%

Back in May 2020, Stellar Development Foundation (SDF) made a $5 million dollar investment in Abra to add Stellar integration and expand their financial services to Stellar’s network.

Abra Global is running a 10,000 XLM giveaway to celebrate this news. 10 winners will be randomly selected from all qualified participants. The winners will be announced on Abra Global’s Twitter channel on Dec 1, 2020. Each winner will receive a one-time reward of 1,000 XLM credited in their Abra wallet.