Introducing Earn V2

May 23, 2022 / Product

Alta Finance launches Earn V2, a major release to our Earn lending protocol. Earn will now accept USDC, USDT, DAI, FRAX, and ALTA tokens.

Why Earn?
Earn makes it easy to have exposure to the underlying real estate asset revenue streams wrapped in a smart contract. Earn is available on Ethereum and Polygon with new chains launching regularly.

How does Alta Finance Earn work?
Earn runs natively on Ethereum and Polygon (Avalanche, BNB Chain, and other chains launching soon). All Earn contracts are opened with an accepted crypto.

  • Open a yield-generating Earn contract using the following: USDC, USDT, DAI, FRAX, ALTA;
  • Earn interest in the currency you lend according to the terms you select;
  • Interest is redeemable daily during term lengths, and principal is unlocked at contract end;
  • Term lengths are from thirty-six (36) to sixty (60) months;
  • If you stake ALTA in your Earn contract, you can earn an interest rate multiplier bonus (x 1.15 or x 1.30);

How will my principal be returned?
The principal will be returned in the same asset that was lent.

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 offer on your terms. Offers and transfers will occur in the crypto used to open the contract.