Multiple accounts in the Finder app

What is Finder Earn?

Finder Earn lets you earn a competitive, stable 4.01% p.a. return on your capital. Even more, there's no lock-up period, no fees and we pay out each day, creating a compounding effect over time.

How does Finder Earn work?

Finder Earn is a cryptocurrency-based product that gives you a stable 4.01% p.a. return. Finder Earn is not a banking product or a savings account, and we are not investing on your behalf or managing your capital. Instead, our business pays you a return for you to lend us your capital.

It is offered exclusively through the Finder app and powered by Finder Wallet Pty Ltd. There are no fees for using Finder Earn, and you are free to withdraw your capital at any time.

Finder Earn takes advantage of a unique category of cryptocurrencies called "stablecoins", or more specifically, TrueAUD (TAUD). Unlike other cryptocurrencies you might have heard of such as Bitcoin, stablecoins are rarely volatile, meaning they don't often fluctuate in price. This is because they are typically "pegged", "backed" or "collateralised" against the corresponding currency or asset they aim to reflect, digitised in the blockchain ecosystem.

It's important to understand that Finder Earn does not come without risk. Stablecoins are not official currencies, nor are they endorsed or insured under any government guarantee program.

When you use Finder Earn, you're converting your Australian dollars into stablecoins and these stablecoins are then lent to us. The stablecoin we will convert your AUD into is called "TrueAUD" (TAUD). In exchange for lending us your capital (that is, your TAUD stablecoins), we will pay you a fixed fee of 4.01% p.a.

The minimum deposit is $25 and the maximum balance you can hold is currently set to 10,000 TAUD ($10,000). Once your Finder Earn balance reaches 10,000 TAUD, you will no longer be able to convert and transfer additional capital, but this does not limit the daily TAUD earnings that will be paid into your Finder Earn balance, and your earnings will continue to accrue and compound each day.

What's the key benefit of Finder Earn?

Finder Earn is a great way to put some of your capital to work for you. With the tap of a few buttons, you can start to take advantage of our innovative product that aims to bring some of the benefits of new blockchain technology, straight to your fingertips.

Risk warnings

1. Volatility

Trading and holding Cryptocurrency has a high level of risk. Cryptocurrency is a volatile asset, and you can incur losses. Though generally less volatile, stablecoin categories of cryptocurrency carry risk and may lose some or total market value. You should only trade Cryptocurrency if you fully understand and agree to the risks.

2. Counterparty

When you purchase Cryptocurrency, you only hold the beneficial interest. Finder Wallet, or a 3rd party, will hold and secure the Cryptocurrency. If Finder Wallet, or the 3rd party becomes insolvent, or is subject to hacking or some other cyber security event, your Cryptocurrency may be jeopardised and you may incur partial or total loss of your cryptocurrency.

3. Insolvency risk

You do not maintain a legal interest in the Allocation or Cryptocurrency, and we do not hold Fiat currency in a trust account. Accordingly, if Finder becomes insolvent, you will be an unsecured creditor in relation to your Allocation, Cryptocurrency or Fiat currency held with us.

4. Complex tax advice risk

Buying, selling Cryptocurrencies for profit, and receiving a Return raises novel taxation issues. You will need to be prepared to talk to a tax adviser if you use our services. We suggest you seek independent taxation advice prior to purchasing Cryptocurrency or earning a Return.

5. Independent Financial Advice

We suggest you seek independent financial advice prior to purchasing Cryptocurrency or earning a Return.

6. Not Exhaustive

This is not an exhaustive list.

Frequently asked questions

If you want to know more about Finder Earn, you can check out our full FAQs here.

We're working on an exciting new product called Finder Earn. Please note that Finder Earn is not a banking product and will involve cryptocurrency. Finder Wallet is not a bank. Terms and conditions will apply. Crypto trading and Finder Earn products are made available in the Finder app, powered by Finder Wallet Pty Ltd, an AUSTRAC registered Digital Currency Exchange (DCE). Trading and holding cryptocurrency has a high level of risk. Cryptocurrency is a volatile asset class. You can incur losses. You should only trade cryptocurrency or related products if you fully understand, and agree to, the risks. We suggest you seek independent financial advice prior to accessing our services.

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