New Haru Earn strategies (Preview)

Originally published at BitYields

TL;DR: Haru Invest prepares to launch new earning strategies.

• New strategies for “Haru Earn Explore”: ~15%+ APR (3+ mo. lock, 10% fee*), ~25%+ APR (6 mo. lock, 15% fee*).
• New product “Mining Made Easy” only for USDT with fixed dividend rate and principal guarantee: Fixed 13% APR (2 years lock), Fixed 15% APR (3 years lock).
• There are concerns for “Mining Made Easy” with regard to electricity prices and miner profitability, especially after Bitcoin 2024 Halving.

Image 1: Preview of the new Haru Earn strategies in the mobile application as of March 2023[1]

During March 2023 some of the users of Haru Invest have reported seeing a preview of new earning strategies in their mobile apps. While these features have not been yet officially announced, BitYields was able to dig some details about the upcoming features, which we share with you below.

DISCLAIMER: Please be aware that this is only a preliminary preview of the features published in the mobile application. Please check only the official website of Haru Invest for news.

New Earn Explore strategies

Strategy 1: High risk, High returns

Image 2: New Haru Earn Explore strategy 1: “High risk, high returns”[1]

“High risk, high returns” strategy targets a return of 15%+ APR with a lockup period of 6+ months (Editor’s note: If you have subscribed to the service on January 15, your principal will be locked for the entire durations of February, March, April, May, June and July, together with the remainder of January[2]). If the strategy performance exceeds 10%, then a 15% performance fee is applied on the profits only.

What’s interesting about this new product that is has a longer duration than the current flagship strategies of Haru Invest (BTC — Earn Like The Best, ETH — Beyond Staking) which require a ~3 month lockup and provide a performance ranging practically between 13–19%.

Perhaps this product might incorporate some of the most novel and aggressive strategies of the company and might really offer users a return beyond 25% APR (Editor’s note: APR rates of 30–60% are currently being offered by some little known competitors of Haru Invest, although they appear to be less credible in terms of company structure and transparency[2]).

Illustrative Example:

1. You have subscribed to the strategy on January 17 2024 with 1.00 BTC.
2. Until 1 August 2024, you will get a bi-weekly return percentage and a report for the performance of the strategy. Your principal, together with earnings, will be transferred to your Haru Wallet within 3 business days of 1 August 2024.
3. If the total performance of the fund for the period was more than 15% and you have earned +0.20 BTC for the entire period as profits, Haru Invest will apply 15% performance fee and provide you with +0.17 BTC in your Haru Wallet.

Strategy 2: Medium risk, Steady returns

Image 3: New Haru Earn Explore strategy 2: “Medium risk, steady returns”[1]

“Medium risk, steady returns” strategy is intended for more conservative users. Currently it is unclear whether any principal guarantees are offered.

The targets return is 15%+ APR with a lockup period of 3+ months (Editor’s note: If you have subscribed to the service on January 15, your principal will be locked for the entire durations of February, March and April, together with the remainder of January[2]). If the strategy performance exceeds 5%, then a 10% performance fee is applied on the profits only.

Illustrative Example:

1. You have subscribed to the strategy on January 17 2024 with 1.00 BTC.
2. Until 1 May 2024, you will get a bi-weekly return percentage and a report for the performance of the strategy. Your principal, together with earnings, will be transferred to your Haru Wallet within 3 business days of 1 May 2024.
3. If the total performance of the fund for the period was more than 5% and you have earned +0.10 BTC for the entire period as profits, Haru Invest will apply 10% performance fee and provide you with +0.09 BTC in your Haru Wallet.

Mining Made Easy: Lockup USDT, earn BTC

Image 4: Haru Invest’s new product Mining Made Easy offers investors the option to deposit USDT and earn a fixed interest rate with a principal guarantee[1][2]

As noted by BitYields, in February 2023 Haru Invest has participated in the $9.2M investment round of the Canadian crypto mining company Pow.re, while it has also individually invested an additional $18M in the company to facilitate Pow.re’s expansion in Paraguay[3].

It is logical to speculate that the new product “Mining Made Easy” might be the direct result of these investments.

Unique features: Principal and rate guarantees

Mining Made Easy is unique because it offers a fixed dividend rate (Editor’s note: No to be confused with interest rate) for the entire duration of the investment, together with a principal guarantee. Investors in return must lock their deposit with the service either for 2 or 3 years. Currently it appears that only USDT is accepted as a deposit for this service.

2-year lockup: 13% APR

Image 5: Mining Made Easy: 2-year lock[1]

The 2-year version of Mining Made Easy accepts as deposit only USDT and offers a fixed dividend rate of 13%, together with a principal guarantee.

3-year lockup: 15% APR

Image 6: Mining Made Easy: 3-year lock[1]

The 3-year version of Mining Made Easy accepts as deposit only USDT and offers a fixed dividend rate of 15% (Editor’s note: Users receive extra +2% interest for +1 year in duration), together with a principal guarantee.

Some thoughts about Mining Made Easy

The fixed dividend rate and principal guarantee certainly make Mining Made Easy appear attractive to investors.

Some users has expressed concerns about the stability of the product, since currently deposits for Mining Made Easy are accepted only in USDT, if the price of BTC falls, then the fixed BTC interest payment to the investors might become too expensive in comparison to the mining revenues (Editor’s note: Currently it is assumed that the profits for this product will come from Bitcoin mining activity in locations with cheap electricity price[2]). The suggested solution is to accept deposits only in BTC for the product too.

Other users have also expressed concerns about the volatility of crypto mining, together with government regulations, electricity costs, miner prices and BTC protocol changes (especially after the reduced block rewards for miners from ~March 2024).

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DISCLAIMER: The content of this webpage is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.

References

1. Haru Invest mobile application.
2. Personal research or experience of the author
3. BitYields, Haru Invest Review: Is Haru Invest safe? Features, Interest rates, Strategies and Risks, 22.02.2023: https://bityields.net/haru-invest-review--is-haru-invest-safe--features--interest-rates--strategies-and-risks