Upgrading our rates for the long term
Summary
- At Stablehouse, our goal is to help you build your wealth for the long term, ensuring steady and sustainable financial growth.
- As we open our platform to more users, we are upgrading our rates to better reflect our commitment to rewarding long-term investors.
- The headline change is that you can now earn 8% per annum (p.a) on your first $100,000 invested in each of the 3 leading stablecoins — USDC, Tether, and Binance USD (up to $300,000 in total). Above that, our base rates are increasing from 4% to 5%.
- The salient rate changes are in the table below and the full list of rates can be found here.
Overview
At Stablehouse, we are committed to providing returns that support your long-term financial growth.
To this end, we are upgrading our rates to better reflect our commitment to you. Our new rates will be effective August 25, 2022, at 00.00 UCT. We are also officially removing the waitlist to guarantee that anyone can take advantage of this.
As we navigate the current markets, our new rates reflect how we deliver competitive, yet resilient risk-adjusted returns. We achieve this through a conservative investment mandate combined with rigorous risk management.
How we generate returns and manage risk
Our investment strategy involves building a diversified portfolio of primarily short-term, secured loans, mainly within the crypto industry. All our loans are currently over-collateralized with highly liquid assets such as Bitcoin.
We firmly believe that to achieve sustainable returns, it is necessary to operate with the same rigorous risk management as traditional finance. In our case, this includes (but is not limited to):
- Choosing Bermuda as our regulatory partner based on their advanced regulatory framework regarding digital assets. The Bermuda Monetary Authority has oversight over our policies, procedures, and most importantly, products
- Ensuring our assets have similar tenures and valuations as our liabilities to minimize liquidity risk
- Performing extensive due diligence and risk assessment on every investment (and counterparty)
More detail on how we generate returns and manage risk can be found here.
What this means for you
We are focusing on giving you the best returns on coins you hold the most. In addition, we are strategically deprioritizing coins that are used more for trading instead.
For the priority coins, instead of offering a higher introductory rate that is only applicable to a small investment size, we are inviting you to benefit from a much larger participation.
Previously, you would earn 12% on only your first $25,000 invested in each stablecoin, and 4% thereafter.
You will now earn 8% on your first $100,000 invested in 3 stablecoins, USDC, Tether, and Binance USD, respectively. In other words, you can earn 8% on an investment of up to $300,000 on those coins. We are also increasing our base rate on additional deposits from 4% to 5%.
Investors seeking to build substantial wealth over time through these coins will therefore enjoy enhanced returns.
The salient changes are in the table below.
The full list of changes can be found here.
Upgrading our relationship for the long term
Thank you for your support and trust. We hope the rates upgrade will encourage you to invest and earn even more in the future!
We are always here for you. If you have any questions, please reach out at: support@stablehouse.com.
