Dogecoin (DOGE) Holders Can Now Earn Interest through Gemini Exchange

After a long-awaited time, the decisive moment was upon the entire Dogecoin (DOGE) community when Elon Musk appeared on the SNL. The second-richest man in the entire world, Elon Musk, reportedly hosted the most recent Saturday Night Live (SNL) show on May 9.

It was finally a dream come true for the cryptocurrency and most importantly, the entire Dogecoin (DOGE) community.

After Elon Musk had played such a significant role in bringing in a huge rally for the digital asset, the DOGE community wanted Musk to talk about it live at the SNL.

Prior to his appearance on the Saturday Night Live (SNL) show, Elon Musk had talked about Dogecoin (DOGE) through his Twitter profile. Even at that time, Elon Musk did not talk openly about the meme coin but gave hints that eventually led to a huge rally for DOGE.

Many had expected that if Elon Musk talks about Dogecoin (DOGE) during the show, more rally would be observed for the digital asset. Although the predictions made by people about Musk, talking about DOGE proved right, the latter part went the other way.

Instead of DOGE’s price growing upwards, its price experienced the worst downfall since the beginning of 2021. While the entire cryptocurrency witnessed Elon Musk’s words turning powerless for DOGE, the Winklevoss brothers have come to save the day.

Just when DOGE was about to turn bearish, the Winklevoss twins made an announcement, which brought the rally back to DOGE. Cameron Winklevoss and Tyler Winklevoss are the twins who are prominent figures in the entire cryptocurrency community.

Winklevoss twins not only are the cryptocurrency influencers but they have founded their own “Gemini” cryptocurrency exchange as well.

The twins announced on Saturday, May 9 that their exchange was going to go all-in with the Dogecoin (DOGE). As per their announcement, the “Gemini Earn” service operated by the Gemini exchange would offer a unique feature to the DOGE holders.

According to the announcement, the DOGE users will be able to hold their DOGE at Gemini and earn interest based on their holdings volume. The announcement suggests that the annual percentage yield for held DOGE would be 2.25%. The twins have confirmed that the APY percentage would depend upon the amount of DOGE the users will hold on their exchange account.

The best thing about their earning service is that the users will be able to earn interest on a daily basis. The users would also have the freedom to withdraw their held Dogecoin (DOGE). Furthermore, the users will not be charged any transfer or redemption fees when utilizing the earning service.

On top of that, there is no minimum limit that the users would be required to deposit, in order to benefit from the earning service.