Hacker News·4 min read·medium
Carolina Cloud pays SOFR on unused prepaid credits
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bojangleslover✦AI Summary
Carolina Cloud has introduced a feature where prepaid customer credits earn interest based on the Secured Overnight Financing Rate (SOFR). This interest is paid in service credits rather than cash and is designed to provide value on idle account balances.
Your organization’s prepaid credits earn interest. We pay a SOFR-referenced rate, compounded daily, on the real-money balance an admin has purchased — the same way a bank pays interest on a deposit. Idle prepaid credit isn’t dead money: it grows until you spend it.
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