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Crypto.com (CRO $ 0.06512) just announced new Crypto Earn rates. In this article we will go over all the details of what it means for you as an investor using the Crypto.com platform. The new update may sound confusing but do not worry as we got you covered!

Crypto Earn is lowering its rates by creating a tiered rate, as well as lowering its stablecoin interest rates. Before we get into how the tier rate will work, let’s first look into the changes in interest rates on specific cryptocurrencies. Look down below for your card stake to see how this personally affects you.


Ruby Red Steel and Midnight Blue Cardholders:

ETHEREUM (Current Rates)
Flexible:2%
1 Month: 4%
3 Month:6%
ETHEREUM (New Rates Effective April 4th)
Flexible:3.5%
1 Month:4.5%
3 Month:6.5%

DOT & MATIC (Current Rates)
Flexible:6%
1 Month:8%
3 Month:10%
DOT & MATIC (New Rates Effective April 4th)
Flexible:5.5%
1 Month:8%
3 Month:11%

Stablecoins (Current Rates)
Flexible:6%
1 Month:8%
3 Month:10%
Stablecoins (New Rates Effective April 4th)
Flexible:3%
1 Month:6%
3 Month:8%

Jade Green / Royal Indigo Cardholder

ETHEREUM (Current Rates)
Flexible:4.5%
1 Month: 5.5%
3 Month:6.5%
ETHEREUM (New Rates Effective April 4th)
Flexible:3%
1 Month:5%
3 Month:7%

DOT & MATIC (Current Rates)
Flexible:8%
1 Month:10%
3 Month:Dot: 12.5%, Polygon: 12%
DOT & MATIC (New Rates Effective April 4th)
Flexible:6%
1 Month:10%
3 Month:12.5%

Stablecoins (Current Rates)
Flexible:8%
1 Month:10%
3 Month:12%
Stablecoins (New Rates Effective April 4th)
Flexible:4%
1 Month:8%
3 Month:10%

What Are The Big Changes?

We can see that specific tokens have increased APR slightly for their 3 month terms such as ETH & MATIC, but we do see a decrease on interest for their flexible and 1 month deposits. 

Stablecoins have mainly decreased in interest with this update. Stablecoin interest for the Ruby Red card holders and below dropped by 3% for flexible terms, while 1 month and 3 month dropped by 2% each. As for the Jade Green and Royal Indigo card holders, stablecoin interest rates have dropped by 4% for the flexible term, and decreased 2% for both 1 month and 3 month terms.

Now that we’ve gone over the interest changes, it’s time for us to talk about the Tiered ranking system Crypto.com is launching April 4th as well. This new tier-1 and tier-2 will decrease interest on any deposits over 30,000 USD. How this will work for example is let’s say you own 50,000$ in USDC and you do not have any card staked. If you deposit 30,000$ into USDC and do a 3 month term, you will now earn 10% APR paid out weekly, but let’s say you deposit another 20,000 USD, this 20,000 usd will get x0.5 the interest that your 30k is getting. Therefore the 20k you deposit will get 5% interest.

This will be true with any deposits you make into crypto earn, not just stablecoins. Tier 1 is the full interest you get up to 30k, while tier 2 is any amount above 30k that gets only 0.5x the rewards. (Your interest rewards get cut in half on anything over 30k USD).

The community has responded and appear to not like these new changes coming into effect. The main issue and frustrated responses I am seeing is not the decrease in interest rates on the stablecoins but the new 30k USD tier 1 as rewards get slashed in half.

Here is the link to the main article as well as the link to the updated table interest rates: https://help.crypto.com/en/articles/2996965-crypto-earn-how-does-it-work, https://crypto.com/product-news/changes-to-crypto-earn

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