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CPRX in Abra Earn is Here!

At Abra, we’re always looking for ways to help make your crypto work better for you and to offer the most user-friendly products in the crypto banking sector.

That’s why we’re excited to announce that Abra Earn now supports CPRX!

Starting today, earn 3% APY on your CPRX token holdings. 

What is Abra Earn?

Abra is a crypto wealth management platform that allows users to trade, borrow, and earn interest on crypto. 

One of our core products is Abra Earn — a crypto interest account that allows users to earn a high yield on crypto holdings.

In addition to CPRX, Abra Earn supports several popular cryptocurrencies (BTC, ETH, ADA, LTC, BCH, XLM) and USD stablecoins (TUSD, USDT, USDC, USDP).

Users earn daily compounding interest and receive payouts weekly each Monday.

Earning Interest on CPRX

Depositing CPRX in Abra Earn is easy and flexible — no lockup periods and no deposit limits.

You only need to hold a minimum of 20 CPRX to start earning interest on Abra Earn. The CPRX reward rate in Abra Earn is 3% APY regardless of your Abra Perx loyalty tier.

Follow these steps to deposit CPRX in Abra Earn:

  1. Open the Abra app.
  2. On the Trade tab, make sure you have a balance of at least 20 CPRX. 
  3. Tap on the Earn tab.
  4. Choose “Interest-earning CPRX” from the menu.
  5. Tap on the “Add CPRX” button at the top of the screen.
  6. Specify the amount of CPRX you want to deposit and tap the “Review” button.
  7. On the next screen, tap “Confirm” to finalize the transfer from your Trade account to your Earn account. 

*Even if you hold less than 20 CPRX on Abra, you’ll still be eligible to earn CPRX rewards via referrals and cash in promos.

Abra Earn Rewards Comparison

Let’s say you’re in the Orbit tier of Abra Perx. Here’s how you’ll be rewarded (based on Abra Earn interest rates as of March 21, 2022).

  • 8% APY in-kind on USD stablecoins + 2% yield booster for being in Orbit tier
  • 3% APY in-kind on Cardano + 2% yield booster for being in Orbit tier
  • 3% APY in-kind on CPRX (no yield booster)

*Note: Besides CPRX, actual interest rates will vary based on your Abra Perx loyalty tier. The more CPRX you hold, the higher yield booster you receive.

Earn Interest on Crypto with Abra

Check out our whitepaper to learn more about CPRX and the Abra Perx loyalty program.

Ready to start earning interest on CPRX? Download the Abra app today to get started!

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