CoinList, a platform for investing in and trading digital assets, has rolled out two updates that allow users to earn passive income (an offering somewhat similar to other crypto platforms like Coinbase and Kraken)..
By holding Solana (SOL) or Ethena’s USDe in a CoinList wallet, users can now earn up to 5.5% APY on SOL and 6% APY on USDe, respectively.
These offerings highlight CoinList’s commitment to providing accessible, high-yield opportunities while supporting web3 and blockchain ecosystems.
Solana, which is often described as a high-performance blockchain known for its speed and low transaction costs, has become a cornerstone of the web3 and crypto ecosystem since its token sale on CoinList in 2020.
Launched at $0.22 per token, SOL has surged nearly 683x, cementing its status as a widely-adopted blockchain.
Its proof-of-history consensus reportedly enables high-frequency trading and decentralized finance (DeFi) applications, attracting retail, institutional, and developer interest.
CoinList’s latest update introduces auto-staking for SOL, allowing users to earn up to 5.5% APY simply by holding SOL in their CoinList wallet.
As clarified in the update, no manual opt-in or vault deposits are required—CoinList handles the delegation process behind the scenes (like Coinbase and many other digital assets platforms), ensuring users’ SOL remains accessible while generating rewards.
According to a blog post, this approach not only benefits users but also supports Solana’s network security by increasing staking participation.
Rewards are distributed automatically, reportedly making it a suitable option for both new and experienced investors.
Earlier this month, CoinList announced another passive earning opportunity with Ethena’s USDe, which is described as a synthetic dollar protocol built on Ethereum.
USDe offers a crypto-native alternative to traditional stablecoins, backed by a delta-neutral strategy that hedges Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) using futures, alongside liquid reserves in USDT and USDC.
With a market cap of $5.25 billion, USDe has emerged as the fastest-growing USD-denominated asset, trailing only USDT and USDC.
CoinList users can earn up to 6% APY by holding USDe in their accounts, with rewards accruing weekly.
Unlike staking, which often involves lockups or complex setups, this program requires no additional actions—just hold USDe and let the rewards accumulate (but these deposits are not like traditional fiat currency deposits which are FDIC insured at regulated US banking institutions).
CoinList’s integration of USDe reflects its focus on innovative protocols that bridge traditional finance and DeFi.
Both offerings underscore CoinList’s mission to empower users with accessible, high-yield opportunities while supporting various DLT / blockchain projects.
Solana’s auto-staking simplifies the staking process, making it easier for users to contribute to network security and earn rewards.
Meanwhile, USDe’s synthetic dollar model provides a stable, high-yield alternative for risk-averse investors.
Together, these programs cater to diverse investor needs, from those anticipating Solana’s steady growth to those seeking dollar-pegged stability.
CoinList’s track record of facilitating token launches, including Solana, Filecoin, and Algorand, indicates that these new offerings should gain traction as digital assets become more widely adopted.
However, users should note that crypto investments / financial products carry risks.