Flynt Finance Review 2023
Are you looking to earn high compounded interest on your crypto?
Are you a passive investor looking to leverage on sophisticated traders?
Do you have a higher than average risk tolerance?
If the answer is Yes, then you’re at the right place and at the right time.
Flynt.Finance is currently offering an introductory earning rate for founding members with the highest crypto yields in the market.
You can now earn ~50% APY Compounded Return on your investment annually. At the moment The Flynt Finance team are generating up to 80% on BTC, 25% on ETH, and 20% on USDC.
It’s simple, deposit your crypto assets, even a fraction of it into your account, sit back and relax. Rewards will be credit automatically to your wallet every week.
If you already own some crypto, you may attempt to deposit the minimum amount into your Flynt.Finance account and start earning passive income on a weekly basis on your assets. (You need to KYC to start earning)
What is the minimum subscription amount?
The minimum subscription amounts are as follows:
- BTC Covered Calls x5 : 0.001 BTC
- ETH Covered Calls x3 : 0.01 ETH
- USDC GMX:GLP : 500 USDC
They currently offer the highest yields in the market.
You can let your crypto assets work for you 24/7 in your jammies without needing to crack your head open learning how to trade.
But, wait…
- Is Flynt Finance Safe?
- How does Flynt.Finance pay so much?
- What are Flynt Finance’s fees?
- The pros and cons of Flynt.Finance crypto staking platform
- Can Flynt Finance weather the Regulatory Storm
- What is the Risk Reward investing on Flynt Finance?
Here, I will try to answer your most pressing questions and more.
By the end of this article, you should get a better idea of the pros and cons of using the Flynt.Finance platform to work in your favor.
Now let’s get to it:
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Sign up here and deposit your First 0.1 BTC to earn 0.001 BTC
Get 10% discount on performance fees
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What is Flynt Finance?
Flynt Finance is a user-friendly crypto yield platform which makes it easy for anyone to dabble with yield-farming (or in other words, create your own passive crypto income stream) leveraging various option strategies.
If you have a higher risk tolerance than most people, you can choose to stake bitcoin in their BTC covered calls X5 Strategy which offers the best returns. Their trading strategies, include:
- Bitcoin Covered Calls x5 : 20 – 80% APY (High Risk; High Yield)
- Ethereum Covered Calls x3 : 10 – 25% APY (Moderate Risk; Medium Yield)
- USDC GMX:GLP : 10 – 20% APY (Low Risk; Medium Yield)
”Covered calls” is a popular Options Trading strategy used to generate income in the form of options premium. Covered calls are often employed by those who intend to hold the underlying stock for a long time but do not expect an appreciable price increase in the near term.
This strategy is being levered Five Times (X5) which can be risky. In the event of sudden volatility, margin calls could cause them to be liquidated.
Their USDC product is a low-risk strategy that outperforms the majority of yield/lending platforms out there. It’s a delta-neutral strategy which is their first strategy that does not involve options trading.
GMX is one of the largest on-chain decentralized exchanges, and GLP is a liquidity pool. What the quants at Flynt are doing is borrow funds from GLP to trade.
*Delta-neutral strategies are commonly used by hedge funds and other financial institutions to manage risk and generate profits from market volatility.
How does Flynt quants know the strategies work?
Their products are fully backtested to minimize the risk of losses. And they have historical data of up to 4 years that confirms the projected growth in returns.
”We use a systematic covered call strategy with generous amount of leverage” – Flynt.Finance Quant
Covered Call PnL graph | Source : Investopedia
They use a systematic weekly Out-of-the-money (OTM) call selling below a specified delta.
The goal is to set the strike price far enough away from the current price so that the call options expire worthless and we collect the premium. The profits are then compounded back into the strategy to maximize returns. We are basically selling a form of price insurance on a weekly basis. @zeroxtinkerer – Quant at Flynt.Finance
The graph above shows how the strategy is performed over 3.4 years. The blue line is the price of BTC in USD and the red line (strike price for the call option) is what they don’t want to cross. Crossing the line at the end of the week means big losses (times the amount of leverage).
Flynt.Finance Backtest Results
According to their backtests, if you had bought 10 bitcoins in April 2019, costing you about $50k, using the strategy you’d now have 26.7 bitcoins today which would be worth a whopping $640k. That’s a plus 1,000% return. In terms of Bitcoins you would have 2.6x’d your bitcoins or grew your stack 49% per annum.
Strategy Overview
Strategy: High leverage(5x) weekly OTM call selling aka covered calls
Back-tested time period : 3.4 years (2019-April to 2022 July)
Starting capital : 10 BTC ($50,500)
Ending capital : 26.7 BTC ($640,800)
Total Profitability in BTC : 167%
Total Profitability in USD : 1,168%
Profitability per annum in BTC : 49.7%
Profitable weeks : 96.4% (169/175)
Loss weeks : 3.4% (6/175)
Max Drawdown : -53%
*This is not financial advice and please remember past performance does not guarantee future results.
Who is behind Flynt Finance?
What makes Flynt Unique and Different?
Flynt Finance is Best for High Interest Staking.
What makes Flynt.Finance different is its set-and-forget product strategies, which allows ordinary investors to stake their crypto assets for yield. This is excellent for user experience.
Likewise, the platform’s “Flexible Staking” feature is unrestrictive, which allows me to earn rewards while retaining the flexibility to move my assets at a moment’s notice. This is especially important in this environment due to the lack of transparency and trust even at highly coveted financial institutions.
What about some key or unique features we can see on Flynt? What benefits can users expect from using it? Why should they use Flynt?
Investors should use Flynt today because they are providing alpha strategies for anyone to beat the market. Flynt is currently the only service to provide a leveraged covered call strategy. This is how they can offer a much higher APY than their competitors. They use leverage to amplify returns and set the strike price further away from the current price, making it safer.
This of course doesn’t mean their strategy is invincible, though. Leverage is a double edge sword, so if they do take on losses, the losses are more significant.
It is important to note that the crypto DeFi space is highly competitive and rapidly evolving, so anything can change in a moment’s notice.
While there are many crypto staking platforms that offer attractive interest rates for cryptocurrency, Flynt currently offers the highest Staking yields on Bitcoin, Ethereum, and USDC. Rewards are paid weekly directly to your wallet without any long-term lock-ups.
You can also choose to reinvest your profits to earn compounded interest on your stake.
How to Sign Up with Flynt Finance
Signing up for an account is straight-forward and takes minimal effort. Users can start in less than 5 minutes. All you need to start earning interest is your ID.
After that you can simply deposit BTC, ETH or USDC into your wallet and then subscribe to a strategy. Each strategy runs in 1-week cycles. So the funds are locked for a week.
Step 1: Create a free Flynt Finance account
It’s easy to get access to the Flynt Finance platform. All you have to do is head over to Flynt.Finance and sign up with your email. Check your inbox for your verification code.
After that, complete your KYC requirements & Selfie. You’ll need this to start earning interest on your stake.
Step 2: Select the Strategy
You will see a row of tiles that display the different strategies offered in the Flynt the homepage.
Simply click the “Subscribe” button to access the Overview of the Strategy trading performance and history.
Step 3: Deposit your crypto funds
If your first deposit > 0.1 BTC; You can earn 0.001 BTC and Get a 10% discount on performance fees.
You will have your personal crypto deposit address. Send your crypto to that address to Subscribe.
You will automatically start earning yield on your Flynt account. You will receive weekly payout in the crypto strategy you chose every Friday the following week.
- BTC Covered Calls x5 : 0.001 BTC
- ETH Covered Calls x3 : 0.01 ETH
- USDC GMX:GLP : 500 USDC
How much Interest can you Earn Annually?
The Average Percentage Yield (APY) changes every week, but at the moment it fluctuates between 33% – 67% annualized and compounded. Other competitors are doing about 10 – 25% APY for bitcoin.
There are three main strategies to earn yield on Flynt:
- BTC Covered Calls X5
- ETH Covered Calls X3
- USDC GMX:GLP
The amount of interest you can earn with Flynt varies depends on the crypto you deposited and amount you wish to stake.
For example, If you put $10,000 worth of Bitcoin into Flynt’s BTC Covered Call X5 Strategy which expects an annual return of ~50.84%, 365 days later you can expect to earn around $15,200. *Past results is not a promise on future returns.
When can I start earning interest?
Interest is accrued every Friday for BTC and ETH strategies and Wednesday for the USDC strategy. Cycles begin on each corresponding days and if you have made a subscription on Thursday for the BTC strategy, your subscription will be included in the cycle that starts on the following day (Friday) and your interest will be credited the following Friday.
Interests are paid out each week and compounds weekly into your subscribed amount. Please keep in mind that the longer your crypto is subscribed, the higher yields you will receive due to the compounding effect.
Check out the compounded yield rates for each Strategy here before you subscribe.
What are Flynt Finance’s Fees?
Performance fees aren’t taken during loss weeks.
There are no exit fees or general management fees. They take a cut only when you make money.
There is a withdrawal network fee if you wish to transfer out your crypto to your wallet.
Withdrawal Fee: 0.0001 BTC | 0.01 ETH | 5 USDC
Performance Fee: 20% (10% if first deposit > 0.1 BTC)
Management Fee: Zero
Subscription fee: Zero
Exiting fee: Zero
How does Flynt Finance pay so much?
Flynt Finance offers one of the highest APYs in the crypto market because it generates yields through various options strategies. The main strategy is the covered call strategy which sells call options each week. The competitive edge of Flynt is the reduced risk with far out-the-money strike prices and reasonable leverage for yield maximization.
ELI5 by 0xTinkerer; Selling call options is kind of like selling insurance. You collect premiums often and pay out when the price increases over a certain price.
So, if we’re selling calls, why would someone buy calls? A call option is basically like a futures long position. You make money when BTC goes up. But unlike futures, you can use a lot of leverage, like 30x, but there is no liquidation price.
In order to long call options, they pay a small fee and start to earn money if Bitcoin increases above a certain price. The PnL diagram looks like this.
Put simply, call buyers are betting on Bitcoin moving in a certain direction, call sellers are kind of like the house selling those bets.
This is an alpha-level strategy investment which gives them a good cushion of somewhere in the region of 33% and 67% APY.
Is Flynt Finance Safe to Use?
Personal Security
Flynt has an email password combination with 2-Factor Authentication for security. Activate the 2-step Verification setting to secure your account even further.
KYC process is done via SumSub; an all-in-one verification platform that secures every step of the customer’s journey. With Sumsub’s KYC solution, it was an easy & straight-forward verification process which speeds up the onboarding process. This protects users from identity theft & fraud.
Asset Security
When dealing with risks and asset security, Flynt works with the leading industry standard firms to secure customer funds.
Fireblocks : Leading crypto custody service
Deribit : Largest options exchange
Paradigm : Crypto derivatives OTC desk
How are deposits on Flynt managed?
Flynt partners with the industry’s leading asset custodial institutions including BitGo and Fireblocks. All funds are secured with multi-layer cold wallet protection and multi-signature wallet infrastructure.
When deposits are made, the funds go directly into their Fireblocks custody wallet. Then it is stored there until users request for a subscription to a strategy. The weekly net subscription amounts are tallied and transferred to the corresponding counter-parties 2 hours before the next cycle begins.
Fireblocks is currently the number one crypto custodian service and is used by the largest crypto services in the industry. So you can’t get much better or safer than that… And their option trades are run through Deribit and Paradigm, which have also cemented themselves as highly-reputable service providers, dealing in billions of dollars daily.
Their service infrastructure is designed by their CTO with over 20 years of experience in building mission-critical financial services in Korea.
The counter-parties for each strategy are as follows:
Bitcoin Covered Call x5 : Deribit, Paradigm
Ethereum Covered Call x3 : Deribit, Paradigm
USDC GMX:GLP : Arbitrum, GMX, Binance
When there is an un-subscription request, the funds that were allocated to the strategies are transferred back to the Fireblocks custody wallet to ensure the security of our clients’ assets. (Proof of funds are displayed within each strategy as a testament to their commitment to Transparency.)
The platform is still incredibly new, so it is important to keep an eye out for their future plans.
Keep in mind, although Flynt is relatively safe to use, it’s your responsibility to practice basic crypto security measures to protect yourself against human error or hacks.
Flynt Finance Pros & Cons
Flynt offers the best crypto staking yields for Bitcoin, Ethereum and USDC. Although the strategies are back-tested, there is still a risk of liquidation. So if you have a high risk tolerance, this may be the best opportunity to reap some high income rewards.
I would not deem their low selection of cryptocurrencies to be negative. Having too many assets may jeopardies the longevity of their strategies.
- Hassle-free registration. Create a free account & KYC was exceptionally fast.
- Low minimum deposit amounts.
- One week lock-up period.
- Weekly crypto reward payments.
- Compound Interest
- No deposit fees
Just like any other centralized platforms, you have to cede control of your assets to a third party. Do so at your own volition.
Remember “Not your keys, not your Bitcoin”. So, you’ll need to weigh the options and decide how much risk you’re willing to take to earn those returns. Do not invest ALL your savings in one place. A hardware wallet is still the best choice for the vast majority of investors.
Flynt implements 2FA to enhance its security. But no crypto platform is 100% secure. If your crypto is on the exchange, they are not yours. You will have to trust the platform that they will do their best to protect your funds.
Conclusion – Is Flynt Finance Legit?
Flynt.Finance is a legit company that offers an easy way to earn yield on your cryptocurrency assets, all in one platform.
Flynt introduces a user-friendly crypto asset management platform which automates difficult-covered call trading into systematic yield generators by selling out the money options.
There are various investment strategies with different risk profiles to choose from:
- BTC Covered Calls X5 (Most Popular)
- ETH Covered Calls X3
- USDC GMX:GLP (Safest Strategy)
The best strategy is to hold and earn bitcoin interest with their BTC Covered Call Strategy (Levered X5).
The safest strategy is to hold and earn USDC interest with their USDC GMX:GLP. Approach this strategy with a longer time frame (+3 months)
After picking your favorite strategy to invest in, Flynt will automate everything for you. Set it and forget.
If you’re looking to build some passive income that’s pays out consistently every week, you can give Flynt.Finance a try. Once you’re confident enough, you can gradually increase the amount you wish to invest to maximize your returns.
That’s all for now. As the Flynt expands its features and services, I’ll be updating this post regularly with the latest info, so keep this page bookmarked for future reference.
I hope this article helps you to decide whether Flynt is right for you. If you want to know more about other yield-farming alternatives, check out this article here on Bitcoin Lending Sites.
Start w/ Flynt today
Sign up here and deposit your First 0.1 BTC to earn 0.001 BTC
Get 10% discount on performance fees
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