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Hi Ember Crew,
We are proud to announce the launch of a new powerful feature: USDC Lending
Since the inception of Ember Fund, our goal has been to be the gateway to decentralized finance. Now that the Quant is running completely on smart contracts, we are able to introduce additional layers of yield in a way no custodial or legacy fintech app can: on open, transparent, public blockchains.
Starting June 16th, the Quant will automatically begin lending all USDC in your portfolio into Compound, the leading DeFi lending protocol. By lending your USDC, you’ll begin earning additional yield, which will boost your long-term ROI on the Quant. Whenever the Quant rebalances into USDC to protect from a downturn, you’ll still be earning between 3-10% APY while waiting for the next uptrend.
Benefits of lending include:
3-10% APY
while invested in USDC during a downtrend
Fully
non-custodial, transparent and decentralized
Higher long-term ROI
Additionally, in an effort to simpify our fee structure and create a better investing experience, there will no longer be 1.5% deposit/withdrawal fees on the Quant. The Quant will be moving to our annual 3% streaming fee model that is used on our other portfolios. More info around fees can be found on our FAQ.
No additional action is required on your end to enable USDC lending. We will be adding this feature to other portfolios and wallets in the app as things develop!
Onwards and upwards!
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