Solana-based Flint Allows Users to Earn Juicy DeFi Yields without Crypto Volatility

Flint, a leading passive crypto income gateway is set to introduce its beta stage to enable anyone to earn easy returns on their stablecoins.

Flint Makes Crypto Passive Income Simple

The meteoric rise in the popularity of cryptocurrencies, especially stablecoins, has attracted significant investor attraction since the dawn of the pandemic. As mediums of payments become more digital, the demand for tangential products continues to rise.

Flint is aiming to cement its name in the passive crypto income gateway space as it today announced its beta launch that allows anyone to earn passive returns on their stablecoin holdings.

For the uninitiated, stablecoins are digital tokens whose value is typically tied to a stable financial instrument or assets such as fiat currency or precious metals.

Flint allows stablecoin holders to earn returns as high as 13 percent per annum, without any specific time requirements for locking up funds.

Essentially, Flint aims to give investors exposure to crypto markets without the volatility.

Users can earn as much as 13 percent per annum with Flint without depositing any cryptocurrency directly. They just need to use Indian Rupees to get exposure to the booming DeFi yields at a time when interest rates are at a historic low.

Flint’s business model largely runs around generating revenue via stablecoins such as UST and USD Coin. As previously mentioned, stablecoins are typically pegged to $1 helps reduce the price volatility associated with cryptocurrencies and attract more risk-averse investors.

Moreover, Flint aims to invest the stablecoins in carefully diligenced, DeFi protocols to generate revenues on behalf of its users.

Besides, Flint allows users to withdraw their funds at any time without any fees. Flint makes it possible for investors and traders to enter and exit a position without any hindrance.

Plans to Deploy $500 Million Across Solana Ecosystem

Over the next 3 years, Flint aims to deploy a mammoth $500 million in capital across Solana-based DeFi protocols. The step is a part of a wider process that aims to develop a thematic basket of coins on Solana and, eventually, Flint’s NFT store on the network.

Further, the company is mulling using Solana for foreign remittance and Flint Pay (P2P and P2M crypto payments) and cementing Solana’s native stablecoins as the primary asset for yield generation via Flint.

Flint’s beta test can accommodate up to 100,000 users and also offers an exciting referral program that helps users earn additional returns on their stablecoin deposits for specific time periods.

Flint holds user protection in the highest regard and, as such, mitigates risk by carefully assessing protocols for its users by using stablecoins over more volatile crypto assets with no lock-in requirements.

The crypto passive income platform understands that entering the crypto industry is still a major hurdle for most investors. Flint does all the DeFi investment homework for its users and helps them earn the juiciest DeFi yields on their stablecoins.

Flint leverages its core product innovation to combine fintech in the front-end with crypto in the back-end to create an enticing consumer-facing investment solution that can be accessed via a simple mobile application.

Commenting on the development, Anshu Agrawal, co-founder of Flint, said:

 “We are targeting close to 500 million users globally across various customer segments, who are crypto-curious, have idle cash or stable coins, and are chasing higher yields than conventional investments. 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.”

Similar sentiments were echoed by Solana Foundation Advisor, Akshay BD. He noted:

“We’re incredibly excited about startups like Flint leveraging the Solana network to offer valuable consumer products in the mobile-first experience users are used to. Crypto is increasingly finding a place in every investor’s portfolio, and stablecoin yield may offer a great starting point for most investors entering the space.”

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