Earning interest on crypto

[Anonymous No.17059676]

Where do you guys hold your crypto so as to earn interest and why? I was reading about blockfi which offers ~6% APY but it isn’t insured against losses so I’m unsure about it

[Anonymous No.17059698]

Bumping for interest

[Anonymous No.17059712]

>>17059698
Oh no my ID gave away my shameless plug. Guess I’ll bump again

[Anonymous No.17059743]

>>17059676
>crypto
>insured against losses

[Anonymous No.17059764]

>>17059743
It operates like a bank in all other forms and insured against losses for non interest gaining accounts

[Anonymous No.17059779]

>>17059764
I’m mostly just wary some asshole is gonna fuck up somehow and people holding there will lose out but idk how likely that is

[Anonymous No.17059835]

>>17059743
Also I don’t mean losses in terms of the value of crypto crashing. Obviously no one is insuring that. I mean a security compromise or something

[Anonymous No.17059901]

>>17059835
I’ll only earn interest in defi, which is maybe more risky than a centralized service but I’m morally opposed to giving my money to kikes

[Anonymous No.17059949]

>>17059901
Based

[Anonymous No.17059957]

>>17059676
She's so hot bros

[Anonymous No.17060002]

>>17059957
Not her, this has been debunked so many times

[Anonymous No.17060010]

>>17059957
>see hottie you can never have
>post picture of her from ten years ago during the awkward phase everyone has
This is such a sad cope

[Anonymous No.17060028]

>>17059901
I’ve never heard of defi. Pros? Cons?

[Anonymous No.17060040]

>>17060002
show us how it has been debunked, don't just tell us that "it has been debunked"

i've seen a thousand posts that say it has been debunked but not once have anyone actually debunked it

[Anonymous No.17060056]

>>17060040
It doesn’t matter to me enough though. Right now she’s extremely hot

[Anonymous No.17060058]

>>17060010

>ten years ago
>still have the braces

Cope harder, cuck

[Anonymous No.17060071]

Nexo is the only thats insured

[Anonymous No.17060092]

>>17060058
Ouch you got me so good

Anyways if blockfi holds in cold storage security breaches aren’t an issue. The question is whether or not internal fuckups can occur that fuck over everyone

[Anonymous No.17060093]

>>17060056
it's her. it actually has never been debunked, people have just kept saying it has been debunked and a lie repeated 1000 times have become the truth in your mind without you ever seeing anything proving that it isn't her.

[Anonymous No.17060102]

Bitrockxa lending fund.

Got 8% dividens on my bitcoins last year. I think i will put some more btc in the btc fund.

[Anonymous No.17060104]

>>17060093
>>17060092
>>17060058
>>17060056
>>17060040
>>17060010
>>17060002
>>17059957
Anyone wanna talk about earning interest on crypto

[Anonymous No.17060112]

>>17060102
>>17060071
I’ll check these out, thanks bros

[Anonymous No.17060114]

>>17059676
i use aave
>>17059901
why do you think defi is risky? it's just smart contracts

[Anonymous No.17060128]

>>17060104
crypto interest isn't a thing unless it's something leading to an exit scam, stay away from it

[Anonymous No.17060132]

>>17060104
shut the fuck up

[Anonymous No.17060171]

>>17060104
You shouldn't have posted that caked up thot then idiot.

[Anonymous No.17060178]

>>17060128
Interesting. What makes you think this?

[Anonymous No.17060182]

>>17060114
You trade counterparty risk for the risk of the code having serious bugs in it. That's a bigger risk IMO than banks.

[Anonymous No.17060183]

>>17060114
Defi is risky because most dapps have admin privledges that put all user funds at risk. Plus oracle risk for any price feeds, plus smart contract risk that there is a bug in the code. And the more money going into them, the more of a honey pot they become.

[Anonymous No.17060196]

>>17060171
I didn’t realize you guys would seethe so hard over it

[Anonymous No.17060216]

>>17060178
why would anybody that offer you interest on your crypto not just steal everything as soon as they can? it's not like there's a market for crypto lending.

[Anonymous No.17060230]

>>17060216
They’re subject to US banking laws and want to continue doing business

[Anonymous No.17060234]

>>17059676

I'm just holding my LINK so I've lent it out to Crypto.com. You can get up to 8% interest if you stake 500 MCO but I'm a cheapass so I signed on for the 6% yield.

So far so good, every week they credit the additional LINK to your account. You can also stake other crypto too, I know they have a rate on BTC, ETH, and MCO

They'll give us both $50 if you copy paste my referral and stake 50 MCO. You can't do it retroactively so if you don't use the link neither of us gets the credit.

platinum.
crypto.
com/
r/
nj2eued2k4

[Anonymous No.17060240]

>>17060216
I’m not saying you don’t have a point, but when you ask me why they wouldn’t do that that’s my immediate thought

[Anonymous No.17060258]

>>17060182
>>17060183
the code gets audited though i guess the auditors could miss something
>oracle risk for any price feeds
chainlink
>admin privileges
maybe in a dodgy app, i don't think this is standard practice

[Anonymous No.17060270]

>>17060230
>>17060240
the hard part about the scam is to make you think they are doing everything legit but one day, when they have control over enough crypto to make it worth while, they will just disappear. maybe they will leave behind some poor scapegoat but the crypto will not return even if he takes the fall.

[Anonymous No.17060272]

Lmao just buy Ferrum and stake it anon

[Anonymous No.17060293]

>>17060216
Smart contracts?

[Anonymous No.17060350]

>>17060293
where does the interest come from?

if it's from the people that joins after you, then it's a different type of scam.

if it's from some company then why would they pay you interest if they don't have access to your crypto for lending/investing?

[Anonymous No.17060352]

>>17060258
The biggest apps you probably use have admin keys and you just don’t know it. Compound and Synthetix definitely do. MakerDAO is technically a DAO but the core team has all the voting power. The only truly decentralized app I can think of is uniswap.

I’m not saying this is reason to not use defi, because I think developers are getting better at patching up these security holes but it’s definitely still in the experimental phase

[Anonymous No.17060363]

>>17060128
>crypto interest isn't a thing
borrowers pay the interest if the app is legitimate. i wouldn't trust a centralized app that guarantees a certain percentage regardless of the amount of borrowing
>>17060216
>it's not like there's a market for crypto lending.
loans are for gaining low leverage without using an exchange, or you need some money but don't want to sell yet

[Anonymous No.17060383]

>>17059779
I put 10btc in blockfi to take advantage of their 6.2%
within 1 month they lowered my returns to 5 btc 6.2% the remaining 5 something else
I asked for a withdraw and they didn't respond to me for 7 days
I had to provide additional KYC/AML to get my own money back
finally after that I got my money only after escalating it with it
then at new year they sent me an email about my information not being accurate and something about taxes and the IRS and suspending my account
I didn't respond to them
my information was accurate and I am going to report the small gains I made, but the whole experience was sketchy

[Anonymous No.17060393]

>>17060234
Been using CDC as well. The interest is pretty good with it and I’m hopefully getting my ruby debit card soon.

[Anonymous No.17060394]

>>17060363
it's legit until they exit.
>oops we were hacked, oh no guys
or they just disappear.

[Anonymous No.17060395]

>>17060028
>Cons?
it's on a blockchain that's centrally controlled and full of bugs (ethereum)

[Anonymous No.17060407]

>>17060350
Are you being serious right now? Read a fucking book dude.

[Anonymous No.17060437]

>>17060394
this is why i would never use a centralized app

[Anonymous No.17060654]

how are defi interests so high? looks scammy imo

[Anonymous No.17060687]

you'll find a list of some uch dapps here
https://research.binance.com/analysis/decentralized-finance-lending-borrowing#fn-9

[Anonymous No.17060744]

>>17060383
I think you will get your BTC back since they are legit company but that also means they have bunch of regulatory red tapes and will report all your income to the IRS. Don't put your coins in there unless you plan on reporting them on your taxes.

[Anonymous No.17060780]

XSN you faggot. 10 masternodes and increasing.

[Anonymous No.17060833]

It’s quite simple, keep them on voyager and also get commission free trading, it’s a no brainer.
Here’s their list of interest rates for February:

Voyager Interest Rates for February
~ No Lock-Ups + No Limits

USDC: 6%
Bitcoin: 5%
Tether: 4%
True USD: 4%
Voyager Token: 3%
Ethereum: 2%
Bitcoin Cash: 2%
Litecoin: 2%

Buy, Trade or HODL & passively grow your #crypto on Voyager. Paid monthly - rates are per annum.

[Anonymous No.17060845]

>>17060407
good post bro

[Anonymous No.17060853]

>>17059676
I've used celcius network since February 2019. I've had no problems or complaints.

[Anonymous No.17060895]

>>17060407
He’s right though

[Anonymous No.17060935]

>>17060744
I got it back after ~10 days I just didn't like the sketchiness with the withdraw
some intern or new employee was beating around the bush until I got help from someone above him
the weird threatening message was at new year I withdrew back in October or something

[Anonymous No.17060951]

>>17059676
Don't let a third party hold your crypto long term unless you're prepared to lose it.

[Anonymous No.17060974]

>>17060853
They have partnered with Voyager so that voyager can offer interest.
If you’re in the US I don’t know why you wouldn’t use Voyager to trade and keep you coins there for interest??

[Anonymous No.17060988]

>>17059957
Would still bone relentlesly

[Anonymous No.17061015]

>>17060216
Celcius network

[Anonymous No.17061016]

wtf i'm trying to withdraw some collateral from aave right now and it won't let me
does anyone else use aave?

[Anonymous No.17061022]

>>17060853
>>17061015
is celsius non-custodial?

[Anonymous No.17061025]

>>17059676
Sauce?

[Anonymous No.17061026]

>>17060974
I don't trade.

[Anonymous No.17061034]

>>17061022
I'm sure you can answer your own question. Google it.

[Anonymous No.17061099]

Nanogames an investment option. It doesn't promise any specific interest rate but in 7 months i made about 50% on my doge. The interest pay come from gambling losses want to 'invest' more but I'm not sure if I trust them.

[Anonymous No.17061137]

>>17060104
Fuck off retard, you shat up the front page with yet another scantily clad thot and you expect not to have a thread filled with lizard-brain coomers?

[Anonymous No.17061184]

>>17061137
This. You wanted attention so enjoy your thirsty pajeets.

[Anonymous No.17061522]

>>17059676
why is she so beautiful? i wanna pay her for merely existing

[Anonymous No.17061553]

>ctrl-f "tezos"
>0/0
god this board has a hard on for hating non-meme coins

[Anonymous No.17061598]

>>17060350
Exactly. The fact that so many people don’t understand this is proof that the crypto business is full of abject retards.

[Anonymous No.17061656]

>>17059676
I lend to margin traders on Bitfinex with a bot, I get about 1% APY so far this year and most of the past year
I guess it's better than just holding it on a cold wallet or destroying all of it with bad trades, but it definitively isn't riskless, even if you ignore market conditions, since Finex is pretty shady
>>17060394
Bitfinex is still around despite doing the hacked thing years ago
I'm not sure if Poloniex did the hacked thing too

[Anonymous No.17061695]

>Earning interest on crypto

So by definition a ponzi?

[Anonymous No.17061778]

>>17060028

Check out the orion protocol for a good example of what is possible

[Anonymous No.17061787]

>>17060407

Assuming 20% interest, there must now be 120% of 100% of all currency in circulation. How does that work? Someone is going to get shafted.

[Anonymous No.17061936]

Getting 8% on crypto.com

[Anonymous No.17062376]

>>17060040
That's not how it works. Prove that it's her. Prove where the picture came from. It doesn't even look like her, so burden of proof is on you.

[Anonymous No.17062502]

I honk something non custodial. Maybe check defipulse for rates. Bumping for interest, wish u people would focus on not being wage ducks.

[Anonymous No.17062620]

>>17061695
how is proof of stake a ponzi?

[Anonymous No.17062621]

>>17059957
Not her. Different ears.

[Anonymous No.17062952]

>6% interest
>drops 25% in value
I'm up -19%!
kek @ boomer index funds!

[Anonymous No.17063009]

>>17061787
lmao
someone takes a loan and pays interest to the lender. It's no rocket science.

>Someone is going to get shafted
the borrower unless he turns the loan into profit.

[Anonymous No.17063034]

>>17060234
beat me to the referral link, but yeah I use crypto.com.

[Anonymous No.17063396]

Didn't read the thread cause you're all autists but Nexo pays 8% on stablecoins. The money I would normally keep in an online "high yield" savings account I switched other to Nexo with Dai and haven't looked back since

[Anonymous No.17063600]

Oh OOOOHH GOOOOD IMMMM GOOOONA COOOOOM

[Anonymous No.17064223]

https://stakecube.net/interest

Stakecube offers roughly 11.5% on BTC, LTC, and DOGE.

[Anonymous No.17064338]

bitconnect