Introducing Earn, Alta Finance's first mainstream lending tool built on Alta Finance Protocol

February 09, 2022 / Product

Today, we're excited to introduce Web3 Earn, Alta Finance's first mainstream lending tool built on Alta Finance Protocol.

DeFi investors will gain access to a stable, long-term, USDC yield generated from real world assets.

Why Earn?
Earn makes it easy to have exposure to the underlying real world asset revenue streams wrapped in a smart contract, including instant interest redemptions.

Learn more here: Earn

How does it work?
Earn runs natively on Ethereum and Polygon (other chains launching soon) and are powered by the ERC-20 infrastructure. All Earn contracts are opened with our native AltaFin AFN token, which can easily be acquired inside MetaMask or Coinbase or more.

How will my principal be returned?
All contracts are quoted in USDC, and principal will be returned at contract close in USDC.

What are typical terms?
All terms are subject to change, but we are currently offering:

- 12.55% USDC @ 36-months
- 6.77% USDC @ 24-months
- 6.55% USDC @ 18-months
- 19.75% USDC @ 1-month

Any Earn contract above 5,000 USDC also includes an ALTA bonus.

What if I need to close my position early?
We have created a market to re-sell Earn contracts to 3rd parties, allowing any owner to exit their position at any time. Just place your contract For Sale and accept the highest bid on your terms.