Money in a Crypto Bucket, like regular savings buckets, is still a part of your Yotta Balance. On your end, everything stays the same. However, behind the scenes, your money is converted into very low volatility cryptocurrencies known as USDC stablecoins, designed to be held stable to its $1.00 USD peg. These USDC stablecoins are placed in Decentralized Finance protocols and institutional lending platforms to earn a much higher yield than what normal banks with high overhead can afford to offer.
Yotta partners with a crypto custodian service to make the process for you as seamless as possible. We pass off the interest rate that we earn on these USDC cryptocurrencies back to you in the form of 2.5x higher tickets on your deposits, bringing the implied average APY to 4%