What is On-Chain Earn?
VALR allocates funds to the Aave Protocol to generate returns, which are shared proportionally with On-Chain Earn users. The Aave Protocol gives you access to a global, decentralised pool of rewards for multiple assets.
How to Access the On-Chain Earn Feature on VALR?
- Hover over the Earn section in the Navigation Bar.
- Select On-Chain Earn.
- Choose the cryptocurrency you want to allocate from the available list.
- Click the Allocate button.
- If you do not have the selected cryptocurrency, you will be given an option to Buy it first before allocating.
- Enter the amount you wish to allocate.
- Agree to the Terms and Conditions (T&Cs).
- Click Allocate to complete the process.
Which cryptocurrencies are supported for On-Chain Earn on VALR?
Currently, we support On-Chain Earn for the below listed cryptocurrencies, please note that available options for On-Chain Earn may change over time.
- USDC
- USDT
- ETH
- More cryptocurrencies to be added soon.
Estimated Returns (APR - Annual Percentage Rate)
The estimated APR for each cryptocurrency will be displayed on the On-Chain Earn screen when you select that particular crypto.
How Often Are the Rewards Distributed?
Rewards earned through On-Chain Earn are paid hourly into your VALR account.
What Protocol Does VALR Use for Allocating?
VALR uses the AAVE Protocol for allocating, which is an on-chain (blockchain-based) allocating system. It ensures transparency, security, and decentralization. We intend to support multiple protocols over the time.
Unlocking Your Allocated Crypto
Unlocking (or un-allocating) your crypto depends on the available liquidity. If there is sufficient liquidity, unlocking will be instant. However, in cases where liquidity is limited, On-Chain Earn unlocking typically happens once a day.
How to Unlock or Add More Amount to Allocate?
- After successfully allocating, click on the Manage button.
- From there, you can:
- Add more cryptocurrency to your On-Chain portfolio.
- Unlock (or un-allocate) your allocated crypto.
How to View My Allocating History and Interest Earned?
- Click on the Navigation option next to the Manage button.
- View your Activity History and Earnings.
- You can also download your entire transaction history in CSV format for record-keeping.
Is There a Minimum Amount for On-Chain Earn?
Yes, there is a minimum amount for allocating. If the amount you enter is below the minimum, the system will automatically notify you on screen.
--- The On-Chain Earn feature is currently live on the Website and the Mobile App.