Klever Wallet App Partners With Cred Lending Platform. Why Is This Important for Klever Users?

… Stellar (XLM), Bitcoin Cash (BCH) and Ripple (XRP). All these assets will be included in Cred-powered passive income programs soon after launch.

Newly launched multi-asset crypto storage and exchange instrument Klever has already onboarded more than 250,000 daily active users in its ecosystem. Now it has joined efforts with Cred, a well known crypto lending ecosystem. With this collaboration, a seamless staking and lending experience is offered to Klever users.

Interest earning program for all Klever users

Within the framework of the recently announced partnership, Klever will deliver the ability to earn interest on tokens seamlessly from Cred lending/borrowing instruments. The holders of both proof-of-work coins and proof-of-stake tokens will also be able to stake it seamlessly.

Popular assets such as Bitcoin (BTC), TRON (TRX), Ethereum (ETH), Chainlink (LINK), OMG Network (OMG) and Basic Attention Token (BAT) can be locked into Cred’s earning programs seamlessly within the built-in Klever Browser. This program will not have a minimum required amount of assets, so even crypto newbies can try staking and lending opportunities.

The staking rewards and interest payouts can be paid in stablecoins (USDT, TUSD, DAI, etc.) or high-liquidity cryptocurrencies. Opportunities for fiat payouts will be added soon with the launch of Klever Bank.

Also, Klever disclosed plans to add support for some veteran assets of the crypto segment, namely Litecoin (LTC), DigiByte (DGB), DogeCoin (DOGE), EOS (EOS), Stellar (XLM), Bitcoin Cash (BCH) and Ripple (XRP). All these assets will be included in Cred-powered passive income programs soon after launch.

Cred’s LBA token to be supported by Klever App

Both sides warmly welcomed the launch of this partnership. Dio Iankiara, CEO and Co-Founder of Klever, highlighted that adding Cred-powered staking and lending features is in line with Klever efforts to build a new-generation financial ecosystem:

Klever was made to enhance the financial freedom of our more than 800k users globally by putting the keys to their funds in their hands and empowering them to become smarter investors. Our partnership with such a well-established and reputable fintech firm like Cred further advances these goals.

He also stressed that all staking and lending operations are launched in full compliance with U.S. law and other applicable regulatory frameworks.

Furthermore, adding LBA, the native asset of Cred, to Klever’s noncustodial exchange system, known as Klever Swap, will be accomplished in the next stages of the partnership.

LBA will be added to the Klever Swap tool with 5 direct trading pairs in BTC, KLV, TRX, ETH and USDT. KLV holders will enjoy reduced trading fees in the Klever ecosystem, while LBA holders will be eligible for premium staking and earning conditions through Cred’s staking programs.