Earning interest on cryptos

[Mo06]

Anyone know anything about getting interest on your crypto holdings with the likes of BlockFi.com ?

The rates seem very attractive. 4.5 % on ETH...

Be interested to hear any experiences using BlockFi.

Also an explanation of how it works, ie - how they make money.

 

[Pekelo]

https://www.reddit.com/r/path%3D%252Fr%252Fblockfi%252Fcomments%252Fn49627%252F

 

[Fain]

Anyone know anything about getting interest on your crypto holdings with the likes of BlockFi.com ?

The rates seem very attractive. 4.5 % on ETH...

Be interested to hear any experiences using BlockFi.

Also an explanation of how it works, ie - how they make money.

Crypto.com gives me better yields but I got blockfi also. Both are solid companies.

 

[SunTrader]

redditman doesn't seem to understand your question (posting a blockfi link) and obvious concerns looking for outside opinions.

Sorry I can't help either.

 

[Fain]

Anyone know anything about getting interest on your crypto holdings with the likes of BlockFi.com ?

The rates seem very attractive. 4.5 % on ETH...

Be interested to hear any experiences using BlockFi.

Also an explanation of how it works, ie - how they make money.

They lend out to the money and earn a spread. many high net-worth borrowing in the bitcoin futures trade. with spot bitcoin. Arbitrage is coming down and so are yields.

 

[SoCal1Trader]

What if they go under? What's your recourse? Counterparty risk

 

[Clubber Lang]

Gemini stable coin pays 7.4%
Fully audited MONTHLY to be sure $1 is there for every $1 backed (hello Tether??).
Backed by State Street.
GUSD is the token

 

[terr]

Gemini stable coin pays 7.4%

I saw that. Wonder how long that will continue.