As of this week, the Gemini crypto exchange will enable its users to move their DOGE into interest-bearing accounts. The feature is enabled through the Gemini Earn service, offering a 2.2% APY on idle Dogecoin balances. The interest users earn will be compounded daily and can be redeemed at any time.
According to a report from CNBC, there will be no minimum balances and no fees to transfer into or redeem funds from Gemini Earn.
The same day Gemini launched its Dogecoin interest-bearing accounts, SpaceX announced it will begin accepting DOGE as payment for its 2022 Moon mission. Geometric Energy Corp, an intellectual property, manufacturing, and logistic firm, has paid Elon Musk’s company in DOGE to take a mini space-exploration satellite on the mission, Business Insider reported.
The mission, called “DOGE-1 to the Moon,” will see SpaceX launch a 40kg satellite on a Falcon 9 rocket in the first quarter of 2022. Tom Ochinero, the Vice President of Commercial Sales at SpaceX, said that the mission will set the foundation for interplanetary commerce.
“Having officially transacted with DOGE for a deal of this magnitude, Geometric Energy Corporation and SpaceX have solidified DOGE as a unit of account for lunar business in the space sector,” said Geometric Energy’s Chief Executive Officer Samuel Reid.