El Dorado Earn offers you the opportunity to earn a 4.5% annual return on your USDT balances, one of the most popular stablecoins, while keeping full control of your assets. But how do you get started? We’ve created this detailed guide to help you open your vault and start generating returns today.
1. Open Your El Dorado Account
If you've previously created an El Dorado account for P2P transactions, you can skip to the next step. If not, download the app from your store.
- Once in the app, tap “Create an Account.”
- Choose a username, enter your email, and create a password.
- You’ll receive a code by email to verify your address, allowing you to access the app.
- Once inside, you can explore its features. Complete your registration with identity documentation to start using all functions.
2. Access the “El Dorado Earn” Feature
On the main screen, next to your balance, you’ll see the exciting new option to deposit USDT and earn daily returns on your balances. Tap “Get Started” to access this new functionality.
3. Open and Back Up Your Vault
Opening your vault gives you access to daily returns on your digital dollar balances. It’s entirely free; you’ll just need to create a backup on Google Drive or iCloud to get started.
It’s crucial to make this backup, as it’s the only way to regain access to your vault from another device. Your vault is a self-custodial wallet.
⚠️ Note: The El Dorado team CANNOT recover your access if you do not securely store your encrypted backup keys.
4. Deposit USDT in El Dorado Earn
With your vault active, simply deposit USDT to start using it. On-screen, you’ll find the option to convert your balances to USDM on Arbitrum. You’ll be able to view your balance at any time and withdraw funds whenever you wish.
- The deposit has a minimum of 20 USDT and no fees.
- The minimum withdrawal amount is 10 USDT.
Opening your vault in El Dorado Earn is a straightforward process that allows you to start generating returns on your USDT immediately, keeping full control of your assets with the flexibility to deposit or withdraw at any time.
Additional Tips
- Store your backup securely: Do not share this information with anyone. It’s your only key to recover funds if your device is lost or stolen.
- Check for updates: USDM is just the first of many options we plan to offer to protect and grow your money daily. Stay tuned for announcements and follow us on social media to keep updated.
- Don’t hesitate to contact support: If you have any questions, our team is available to assist you with whatever you need.