crypto investing: Flint paves way for passive income from crypto investment; here’s how

Synopsis

Going beyond merely buying and selling crypto tokens, the company is offering a unique investment opportunity to earn passive income. The users can invest via simple rupee deposits, which get converted to stable cryptocurrencies generating returns.

Flint aims to become a one-stop-shop for the investors willing to get exposure to a diverse set of assets in the crypto world.

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New Delhi: Passive crypto investment player Flint is offering a simple diversification to crypto, with returns of up to 13 per cent a year without any lock-in period.

Going beyond merely buying and selling crypto tokens, the company is offering a unique investment opportunity to earn passive income. The users can invest via simple rupee deposits, which get converted to stable cryptocurrencies generating returns.

Flint will deposit funds to only stable cryptocurrencies like Tether, USD Coin, which are usually free from price fluctuations. These stablecoins will be overcollateralized loans to institutional borrowers such as hedge funds or exchanges.
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This is arguably the simplest and most straightforward way to earn a passive yield on your cryptocurrency deposits, the company said in a filing.

Further, the platform provides the flexibility of no lock-in period, meaning investors can withdraw their funds at any time without any fees.

Akshit Bordia, Co-Founder of Flint, said, “We found that sophisticated investors needed passive exposure to crypto that can provide high returns at low risk without market fluctuations.”

Flint aims to become a one-stop-shop for the investors willing to get exposure to a diverse set of assets in the crypto world.

The platform is trying to solve the three biggest problems investors face around the adoption of blockchain technology today, including losing money due to price fluctuations, complex processes to invest in innovative de-fi protocols and the absence of a consumer-friendly mobile application.

Anshu Agrawal, Co-Founder of Flint, said, “The best part is that Flint achieves all of these for our users without them having to break their heads on active crypto trading or price movements.” Presented By

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Updated: 01/10/2022 — 03:00

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