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HOKK Finance launches Ethereum aggregator and yield-earning NFTs

By Joy Dumasia

February 14, 2022

  • Copenhagen
  • Crypto Trading
  • Denmark

HOKK Finance, one of the original meme tokens that peaked at an $800 million market cap in May 2021, announced that HOKK Premium is available publicly. HOKK Premium is an aggregator that enables users to place their ETH and USDC into intelligent contracts that relay the token to aggregator contracts such as AAVE, which then lend out the ETH and USDC to earn the user a passive yield. In conjunction with their NFT collection, owners of NFTs instantly earn yield in USDC for simply holding the NFT.

Mark Basa, Global Brand and Business Manager at HOKK Finance, said: “HOKK Premium will enable us to grow alongside DeFi juggernauts, whereby users can do more than just purchase and hold a token with their crypto, or buy a NFT in hopes that the team will build utility around it. Our collection of NFTs work with HOKK Premium, resulting in instant yield that comes from a locked liquidity pool. Basically, NFT owners will get an ROI + profit over time for simply owning a HOKK NFT.”

The new service allows users to select preset lockup durations of their ETH and USDC and calculate their estimated monthly yield. The aggregator contracts earn yields that can be claimed periodically and converted to stablecoins to maintain their value. The NFTs have similar benefits, with each NFT growing in value the longer a holder doesn’t claim their yield. 

Users can also view their initial ETH contribution, the annual percentage yield, the current yield, and their portion of ETH in the total pool. With ETH’s strong forecast ahead, Basa predicts a massive demand for HOKK Premium and HOKK NFTs as institutions increasingly invest in Ethereum. 

“With HOKK Premium, we’re now ready for the next 10 years of global crypto adoption that will be led by Ethereum,” continued Basa. “To be first in the meme token market, we need to attract novice crypto users and give everything we can to crypto natives, as well as engage in industry-leading compliance and adequate due diligence processes. We must, then, continue to launch products like HOKK Premium.” 

He added: “We believe that winning the hearts and minds of both early and late crypto adopters has to be done by demonstrating that this game is long-term and that we’re prepared for it. We want to be able to say to people thinking about entering the crypto world that we’re going to do everything to win this race through utility.”

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