Interesting. I love all these new tools to earn interest on our money again!
I’m wondering if there are already non-custodial services who let you keep your private keys.
I guess there’s only masternode shares and staking rewards til now. But actually that’s the same thing, right? Bottom line is that you earn rewards for saving your money.
Do you know where the “interest” with Nexo and Celcius comes from? How do they generate it? It must also be from staking rewards, right?
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they lend it out to institutions and individutals in an overleveraged position of 120% minimum and charge 2% more interest for that then they pay out. I would not be surprised that part of the revenue also comes from staking. except from the staking they do the same as banks but by taking a LOT less commission