Public Mint, the fiat-native public blockchain and money system, has started using Celsius, the platform for lending and earning yield on digital currency, adding to Public Mint’s diversified, high-yield returns program known as EARN.
The partnership with Celsius diversifies EARN’s offerings, which enables users to benefit from crypto-based returns — without actually holding any cryptocurrency.
Public Mint EARN is reportedly the first mobile and web app of its kind, “combining the best of decentralized finance (DeFi) and centralized finance (CeFi) providers for a one-stop-shop for lucrative earnings opportunities.”
By teaming up with global CeFi platform Celsius, Public Mint users are able to receive upwards of 8% APY on their USD, “compared to the near-zero rates offered by traditional investment products.”
As noted in an update shared with CI:
“By wrapping the complex landscape of multiple partners and protocols into one simplified, diversified platform, Public Mint EARN allows users to tap into the high yields found in the crypto space with little to no previous crypto knowledge.”
Jorge Pereira, co-founder and CTO of Public Mint, stated:
“We are honored to be working with Celsius to bring crypto yields to a wider audience. We picked Celsius as a major partner for EARN because we’ve always believed Celsius is amongst the most reputable and successful crypto lending providers. This will only bolster our mission of bringing crypto-based high-yield earnings to the masses.”
Celsius is considered a pioneer in the crypto lending sector and one of the first to “truly push for democratizing this new financial system.”
Over the years, the company claims that it has proven its resilience and “built a solid reputation of fairness and openness — not to mention some of the best returns in the CeFi space.”
This collaboration cements both firms’ shared vision for “a more accessible and transparent economy — one that benefits everyone.”
Alex Mashinsky, CEO of Celsius, remarked:
“We are excited to be partnering with Public Mint to advance the promise of financial freedom for everyone. The current financial system does not serve the consumers’ needs well, and rebuilding it through decentralized solutions opens up countless doors for people of all backgrounds to benefit.”
As noted in the update, the EARN solution is built into the Public Mint mobile app, which is “currently in open beta, and is available publicly on both Android and iOS. In the future, it will be possible to offer EARN functionality in other partner products.”
For Public Mint users, EARN looks “exactly like any other traditional fintech app, as it does not introduce industry-specific terms or require any new learning for the user.”
On the backend, Public Mint is “fully blockchain-powered” and uses the technology to “offer seamless and instant payments, as well as lucrative yield opportunities.”