Friday, May 28, 2021

YouHodler launches "Multi HODL." Through proper risk management, the new feature further multiplies the portfolio

YouHodler is introducing a new feature. "Multi HODL" is intended to help users manage risk and multiply their cryptocurrency portfolio. YouHodler [...] https://www.pinterest.com/pin/1085437947660215829/

YouHodler is introducing a new feature. "Multi HODL" is intended to help users manage risk and multiply their cryptocurrency portfolio. YouHodler is introducing a new feature to its popular platform, which specializes in cryptocurrency-based loan products, savings accounts and proprietary trading tools such as "Turbocharge". The new feature, called Multi HODL, is an innovative concept based on the Barbell strategy that helps cryptocurrency HODLers multiply their wallet funds by investing a fixed portion of their portfolio in activities with calculated risk in order to earn higher returns. YouHodler with a new idea Ilya Volkov, CEO of YouHodler, says the Barbell investment strategy was a key inspiration for the Multi HODL feature: "The strategy is to ensure that 80% of your capital is invested in safe, risk-free assets. Meanwhile, the remaining 20% of your capital is allocated to still profitable investments, but with calculated risk. At YouHodler, we have been able to replicate the Barbell strategy by combining our Stablecoin savings accounts with the newly introduced feature." When a user selects the Multi HODL option, the platform automatically takes a predetermined percentage from the user's savings account (e.g. 20%) and uses those funds as collateral to initiate an automatic "chain of loans" (based on YouHodler's Turbocharge feature). In this chain of loans, the funds from the first loan are used to purchase more cryptocurrencies to use as collateral for the next loan in the chain. This process repeats up to ten times depending on the user's choice. Users can choose from more than a dozen cryptocurrencies they want to "multiply" through this process. They can also adjust their risk level and set a desired "profit taking" point to automatically close the position. YouHodler says risk is limited and users cannot lose more than they set in the system. "MultiHODL provides our users with the best of both worlds. Cryptocurrency traders can store 80% in safe, profitable savings accounts and earn risk-free. At the same time, they can use 20% to engage in riskier maneuvers to multiply their crypto through our chain of loans. If the value of their crypto increases during the process, the user covers the platform's interest fee and can keep the extra profit. If the crypto value drops, then the trader can take comfort in the fact that 80% of their assets (plus interest) are still safe in a savings account." - explains YouHodler. Multi HODL is available to all YouHodler users today. About YouHodler YouHodler is a Switzerland-based company with two main offices in Limassol, Cyprus and Lausanne, Switzerland. YouHodler's FinTech platform focuses on cryptocurrency lending and offers loans in fiat (USD and EUR), cryptocurrencies (BTC) and loans in stablecoins (USDT, USDC, TUSD, PAX). YouHodler's official website: https://www.youhodler.com/ Tags YouHodler

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