INSUBCONTINENT EXCLUSIVE:
You can now set aside some of your crypto assets to earn interests
In other words, ZenGo now also acts like a savings account.The company has partnered with two DeFi projects for the new feature
DeFi projects are the blockchain equivalent of traditional financial products
When you have crypto assets in your ZenGo wallet, you can now open the savings tab, pick an asset, such as Dai, and select what percentage
of your holdings you want to set aside.After that, all you have to do is wait
This way, you can see your total earned interests
Interests are automatically reinvested over time
You can move your money from those DeFi projects back to your wallet whenever you want.Behind the scene, ZenGo uses the Compound protocol, a
It works a bit like LendingClub, but on the blockchain
Some users send money to Compound to contribute to liquidity pools
Other users borrow money from that pool.Interest rates go up and down depending on supply and demand
But that could change over time.ZenGo also uses Figment in order to stake Tezos
When you lock some money in a staking project, it means that you support the operations of a particular blockchain
relying on Compound or Figment
There are other wallet apps that let you access DeFi projects, such as Coinbase Wallet and Argent
