BlockFi, a financial services company dedicated to building a bridge between cryptoassets and traditional financial and wealth management products, today announced that it will support Basic Attention Token (BAT), Multi-collateral Dai (DAI), and Uniswap (UNI) on the company’s platform. 

In addition to earning compound interest in crypto on each of these cryptoassets in a BlockFi Interest Account (BIA), clients can now buy, sell, and trade these new cryptoassets into any cryptoasset currently available on BlockFi’s trading platform.

Launched in November 2019, DAI is the first decentralized, collateral-backed cryptoasset. As a stablecoin, DAI’s price is soft-pegged to the U.S. dollar and collateralized by a mix of other cryptoassets that are deposited into smart-contract vaults every time new DAI is minted. BlockFi clients will be able to earn monthly compounding crypto interest on balances in DAI held in a BlockFi Interest Account (BIA) at an introductory rate up to 8.5% APY through July 31, 2021.* The rate may be updated in August based on market conditions.

Please note: BlockFi will only be supporting Multi-Collateral Dai (DAI) on the platform, not  Single-Collateral Dai (SAI). BlockFi is not responsible for any funds lost or made irrecoverable due to trying to receive unsupported assets, wallets or networks.

Initially launched in March 2017, BAT is a token used by a blockchain-based system for tracking media consumers’ time and attention on websites using the Brave web browser. BlockFi clients will be able to earn crypto interest on BAT held in a BlockFi Interest Account (BIA) at an introductory rate up to 3.65% APY through July 31, 2021.* The rate may be updated in August based on market conditions.

UNI is an ERC20 token first issued in 2018 by the Uniswap Protocol, a platform that’s intended to provide a highly decentralized financial infrastructure that facilitates community-led growth, development, and self-sustainability. BlockFi clients holding UNI in a BlockFi Interest Account (BIA) will be able to earn monthly compounding crypto interest at an introductory rate up to 3.75% APY through July 31, 2021.* That rate may be adjusted starting in August due to market conditions.

The addition of these new cryptoassets advances BlockFi’s mission to deliver a wider range of services and support for its clients while providing a path to financial empowerment on a global scale. 

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