Key Concepts

Time deposit - A time deposit represents a financial instrument offered by financial institutions, enabling you to earn interest on your savings. In contrast to conventional savings accounts, time deposits come with a predetermined term, typically ranging from a few months to several years. During this specified period, the funds you deposit must remain in the account to generate the agreed-upon interest rate.

Rounds - Users can allocate their tokens into slots provided by Hodlnodes. These slots are organized into rounds by Hodlnodes, with each round having a distinct duration, such as 3 months, 6 months, 1 year or 2 years.

Rewards - Hodlnodes will grant users all staking rewards from the Ethereum network, completely free of fees. These rewards will be reflected in users' pools regularly, depending on the distribution schedule of the Ethereum network.

Penalties - The penalties are determined at an approximate rate of 0.137% of the principal amount for each day remaining until maturity. This incentivizes users to adhere to their agreed-upon lock-up periods. In case of an early withdrawal from the pool, the penalty will be distributed among those participants who maintain their commitment until the designated round concludes. Additionally, Hodlnodes will keep varying proportions of the penalties depending on the specific product durations.

Early withdrawal - Hodlnodes allows users the flexibility to request an early withdrawal of their staked assets, albeit with the requirement to pay a penalty fee. This feature caters to users who may require access to their funds before the originally scheduled maturity date.

Open slots - In the event of an early withdrawal, the slots previously occupied by the withdrawn assets will be released and made accessible for any other users to utilize.