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Nexo Welcomes $RUNE with 18% Promo APR
June 03, 2022 #News #THORChain

Nexo Welcomes $RUNE with 18% Promo APR


Nexo the leading regulated institution for digital assets and pioneer of the 1st Instant Crypto Credit Lines, recently listed native $RUNE with an 18% APR promo rate available until July 3rd.

With this listing, users can also:

  • Buy: Buy RUNE with a card in seconds and get up to 0.5% in crypto rewards per transaction.
  • Spend: Use your RUNE as collateral and spend its value with the Nexo Card.
  • Exchange: Swap RUNE on the Nexo Exchange, available in six pairs.
  • Borrow: Borrow against your RUNE at rates as low as 0% APR.
  • Boost: Leverage your current portfolio and buy up to 3x more RUNE.

RUNE is the second highest-yielding asset on Nexo platform, only bested by AXS! As with all assets on Nexo, interest is paid out daily. The rates on each Loyalty Tier are as follows:

  • Platinum: 15%; on Fixed Term & Earn in NEXO: 18%
  • Gold: 14%; on Fixed Term & Earn in NEXO: 16%
  • Silver: 13%; on Fixed Term & Earn in NEXO: 14.25%
  • Base: 12%; on Fixed Term & Earn in NEXO: 13%

Users can get the maximum rate of 18% APR simply by being on a Platinum tier, moving their RUNE to a 1-month Fixed Term and opting to earn interest in NEXO Tokens. The promo rates will be available until July 3, 2022.

The cave you fear to enter holds the treasure you seek