RUNE is on Nexo with 18% APR Promo Rate!

Jun 03, 2022•3 min read

Cover photo for Rune cryptocurrency analysis blog

Our latest DeFi token listing comes with thunderous rates! We’ve added THORChain’s native token RUNE with promo interest of up to 18% APR! The asset is also available to buy, swap, and borrow against. You can also use RUNE for everyday purchases with the Nexo Card without selling it.

  • Buy: Buy RUNE with a card in seconds and get up to 0.5% in crypto rewards per transaction.¹
  • Earn: Start earning a promo rate of up to 18% APR on your RUNE.² The rate is available until July 3.
  • Spend: Use your RUNE as collateral and spend its value with the Nexo Card.
  • Exchange: Swap RUNE on the Nexo Exchange, available in six pairs.
  • Borrow: Borrow against your RUNE at rates as low as 0% APR.
  • Boost: Leverage your current portfolio and buy up to 3x more RUNE.

A Unique Multi-chain DEX

Since its mainnet launch in April 2021, THORChain has managed to deliver on a big promise — to allow decentralized trading of digital assets across different chains without wrapping. It’s a unique project that has made DeFi a more inclusive and welcoming place for beginners as well as advanced users. This fits our goal to offer simplicity to crypto enthusiasts and as such, we’re happy to welcome their native token to our platform.

Lightning Fast: Buy RUNE with Card in Seconds

While RUNE makes DeFi less intimidating, we make buying crypto feel like the easiest thing in the world. Simply use your Visa or Mastercard and buy it in seconds with up to 0.5% in crypto rewards. Want to swap it for another asset you have in your Nexo account? Here are the available RUNE pairs:

  • RUNE/BTC
  • RUNE/USDC
  • RUNE/USDT
  • RUNE/EURx
  • RUNE/GBPx
  • RUNE/USDx

You can also use your existing crypto assets as leverage to 3x your RUNE holdings with the Nexo Booster.

Promo: Start Earning Up to 18% APR on RUNE

What better way to battle volatility than an interest rate of 18%? With its listing and promo rate, RUNE becomes the second highest-yielding asset on our platform, only bested by AXS! As with all assets on Nexo, interest is paid out daily. The rates on each Loyalty Tier are as follows:

  • Platinum: 15%; on Fixed Term & Earn in NEXO: 18%
  • Gold: 14%; on Fixed Term & Earn in NEXO: 16%
  • Silver: 13%; on Fixed Term & Earn in NEXO: 14.25%
  • Base: 12%; on Fixed Term & Earn in NEXO: 13%

You can get the maximum rate of 18% APR simply by being on a Platinum tier, moving your RUNE to a 1-month Fixed Term and opting to earn your interest in NEXO Tokens. The promo rates will be available until July 3, 2022.

RUNE-backed Credit Card

With the Nexo Card, you can use your RUNE as collateral to receive funds for your everyday purchases. You receive up to 2% in crypto back on every transaction and have instant liquidity on your RUNE. Order your free Nexo Card and start spending at over 90M+ merchants worldwide. Your RUNE can also be used as collateral to borrow cash or stablecoins. The minimum borrowing amount is just $50 and the interest rates on Platinum tier are as low as 0%.

About THORChain

Popular DEX infrastructures come with certain limitations. Perhaps the most glaring one is the inability to trade cryptocurrencies across different blockchains without wrapping. THORChain fixes this problem by introducing THORNodes. They are comprised of THORChain nodes and a node for each supported chain, which validate the transactions. On THORChain, trader fees and validators/liquidity providers rewards are paid in RUNE. The asset is also used for THORChain governance.

¹The amount of free crypto you receive depends on your Loyalty tier. The higher your tier, the more crypto you get. Ex. Platinum users get the full 0.5% of their original transaction in crypto rewards. ²The Earn Crypto Interest Product is not available for citizens or residents of certain jurisdictions, including where restrictions may apply, such as USA, Bulgaria, Estonia.