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Eligible users can fund the Vault with naira or supported currencies.
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The advertised annual yield of up to 7% can change.
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Raenest’s help centre lists a $100 minimum deposit.
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Deposits have no government-backed insurance, and withdrawals can face delays.
September 22, (THEWILL) – Raenest has launched a Stablecoin Vault that lets eligible customers fund accounts with naira and earn variable returns on USDC and USDT, expanding its services beyond receiving and moving money.
The company advertises an annual percentage yield of up to 7%. Its launch announcement, published on September 22, says supported currencies are converted into the relevant stablecoin before entering the Vault. Access covers eligible customers in supported markets across Africa, Asia and Latin America.
For Nigerian customers, naira funding provides a route into a product holding digital tokens designed to track the US dollar. However, the advertised return comes with conversion costs and risks that differ from keeping money in a bank account.
How Naira Funding and the $100 Minimum Work
Raenest’s help centre says customers must deposit at least $100 into the Vault. Earnings begin 24 hours after a deposit is successfully processed and are added to the balance daily, allowing them to compound.
Its published conversion fees are 0.50% between US dollars and supported stablecoins, and 0.70% between other supported currencies and stablecoins. The applicable charge appears before confirmation.
Those charges affect the amount available to earn returns and the proceeds of converting back. For someone starting and finishing in naira, exchange-rate movements also influence the final result.
The 7% figure is an annual yield, even though earnings are credited daily. It is variable, so customers cannot assume the advertised rate will remain unchanged throughout a year.
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No Deposit Insurance and No Guaranteed Instant Withdrawal
The launch announcement says the Vault generates returns through decentralised finance protocols. It also states that returns are not guaranteed and that the product carries no deposit insurance.
Raenest’s detailed terms add qualifications to the announcement’s promise of access without a lock-up period. Withdrawals are ordinarily expected within two hours under normal conditions, but may take four business days or longer in exceptional circumstances.
The terms identify insufficient liquidity, blockchain congestion, security incidents and compliance reviews among possible causes of delay. Withdrawals can also be temporarily suspended.
They warn that technical failures can cause partial or complete losses, while stablecoins can lose their intended parity with the dollar. The Vault is not protected by Nigeria’s Deposit Insurance Corporation or equivalent government-backed schemes.
The product therefore gives eligible users another way to deploy stablecoin balances, with potential earnings tied to underlying financial protocols. For Nigerians funding it in naira, the practical comparison includes conversion charges, changing exchange rates, withdrawal conditions and the possibility of losing principal, alongside the advertised yield.
Joy Onuorah is a business journalist and brand communications specialist covering financial markets, artificial intelligence, digital economy, and the ideas reshaping business across Africa and the global market. Beyond her reporting for TheWill, Joy uses brand strategy, storytelling, copywriting, and high-value SEO to help brands build lasting market authority.
