Investing With Elitium: A Short, Sharp Overview Of Your Wealth Management Products

The Elitium App offers a selection of blockchain-based investment and savings products, which you can read about in detail here. But if you’re after a shorter overview of each one, then this is the article for you.

Elitium’s Six Core Products

You’ll find the investment and savings products on the ‘Invest’ page of the Elitium App. Each one has a slightly different risk-reward ratio, with the balance catering to different client needs.

Staking

Staking gives users a way to participate in the consensus and governance of the underlying blockchain. Staked funds facilitate network operations, and for that, the blockchain rewards users in the native cryptocurrency.

APY: Elitium staking offers up to 7.9% EUM APY* on any staked balance, distributed monthly.

Masternodes

A masternode is a powerful, dedicated, and secure server that’s integral to the functioning of certain blockchains. Given its role in securing and stabilizing the network, a masternode must be deemed trustworthy by the blockchain in question.

Elitium masternodes require a cryptocurrency deposit, called collateral, of 100,000 EUM: as the collateral signals to the network that the masternode is a trustworthy third party. 

APY: Elitium offers masternodes up to 28.9% APY*, with rewards distributed monthly.

USD Stable Savings

Stable Savings is a decentralized finance (DeFi) protocol based on two highly-liquid USD stablecoins, USDT and DAI.

The protocol powers a US dollar-backed decentralized savings account — while the underlying stablecoins reduce the volatility of the investment vehicle, giving users a secure way to save while balancing the risk of their portfolio.

APY: Stable Savings offers up to 5% APY*, with rewards distributed monthly.

DeFi Gold Savings

Gold Savings is a decentralized finance (DeFi) protocol based on the cryptocurrency PAX Gold: a digital token backed by LBMA-accredited London Good Delivery gold bar. 

The protocol powers a gold-backed decentralized savings account. Meaning when you invest in Gold Savings, you buy actual gold bullion, with the underlying gold reducing the investment vehicle’s volatility, giving users a secure way to save while balancing risk.

APY: Gold Savings offers up to 1.2% APY*, with rewards distributed monthly.

Locked Staking

Locked Staking works the same as standard Staking except that Elitium stakes your funds for a specified period.

You cannot use your locked staking balance while staked. You will only be able to access it once the Locked Staking period ends, at which time you can spend, transfer, or withdraw your staked EUM.

APY: Locked Staking offers up to 8.1% APY* on staked balances of EUM, USDT, or PAXG, distributed monthly.

Premium Staking

Premium Staking works the same as standard Staking except that Elitium offers staked funds a higher possible APY for invitation only clients.

APY: Locked Staking offers up to 8.4% APY*, with rewards distributed monthly.

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*Sidebar: APY is always ‘up to’ because DeFi rewards fluctuate based on specific variables, meaning Elitium cannot guarantee a fixed APY, but we can offer a guideline.

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Track Your Performance On-The-Fly

The Elitium App is mobile-optimized, meaning you can track your portfolio on the fly. Simply navigate to the ‘Balance’ page:  

  • For instant insight into the funds available across your wallets
  • To deposit and withdraw in just a few clicks
  • To send currency to another Elitium client, instantly and without fees

Then — if you want to update your portfolio allocation, head back to the investments page, hit ‘Edit Allocation’, and adjust as often as you like.

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