Alta Finance launches Earn v2, bringing real estate to crypto
May 24, 2022 — Alta Finance has released Earn saving protocol version 2.0, which will deliver real estate yield to the decentralized finance community.
“We’re excited to deliver this big update to our native Earn lending system,” said Jeremy Crane, Alta’s founder and CEO. “With the launch of this product, the crypto community will have access to a stable, long-term dividend provided by innovative and intriguing real estate assets while also collecting ALTA token rewards.”
Beginning with its debut product, the Earn lending system, and the Alta Finance (ALTA) token, Alta has taken a unique approach.
Web3 wallets can be used to lend cryptocurrency and earn bonus ALTA token incentives.
Alta will use monies lent through the Earn protocol to buy cash-flowing real estate assets for the Alta Treasury’s short-term, long-term, and Dream funds. ALTA token holders will be able to see detailed Alta holdings in monthly net asset-value reports. Earn is available on the Ethereum and Polygon networks at launch, with more networks to follow in the next 90 days.
Alta is on a quest to create ALTA, the token that will facilitate the future transfer of $280 trillion in global real estate assets to the treasury of its platform. The Alta platform now allows the typical investor to access stable real estate asset returns that were previously only available to the wealthy.