AltaFin Earn contracts bring the massive wealth gains of real estate to the crypto industry. The global real estate industry represents $280 trillion usd of value and $4.2 trillion usd of annual income.
For example, hold 5% of your AltaFin Crypto Wallet portfolio (calculated in USD) as AltaFin Tokens and you unlock the Gold Loyalty Tier. Hold 10% of your AltaFin Crypto Wallet portfolio (calculated in USD) as AltaFin Tokens and you unlock the Platinum Loyalty Tier.
When does AltaFin Earn launch on DeFi?
AltaFin Earn V1 will launch on DeFi by February 01, 2022.
How does AltaFin Earn work?
Loan crypto assets to AltaFin, and earn up to 12.5%. All contracts are quoted and base denominated in USDC (so AltaFin can utilize the capital for real estate acquisition in the United States).
Choose from term lengths and initial assets.
Interest is calculated daily in a Base and Bonus rate and can be redeemed at the end of the term length.
Which crypto assets are currently accepted?
The AltaFin Earn smart contract will accept any assets that are available on the respective protocol. At launch, the AltaFin Earn smart contract will support the following protocols:
How does AltaFin calculate daily interest?
AltaFin Earn savings contracts (V1) are currently simple interest with a daily calculation:
USDC Contract Value * ( APY / 365 )
Which type of real estate assets will AltaFin purchase?
We are currently targeting assets in the following categories in the US:
Stake AFN for xAFN and begin earning stable long-term yield.
Maximize yield by staking AFN for xAFN
When your AFN is staked into AltaHelix, you receive xAFN in return for voting rights and a fully composable token that can interact with other protocols. Your xAFN is continuously compounding, when you unstake you will receive all the originally deposited AFN and any additional from real estate dividends and platform fees.