How does earning interest on BlockFi work for digital assets?

3 answers

• CortanakkkJul 22, 2023 · 2 years ago
  Sure! When you deposit your digital assets into BlockFi, they are lent out to institutional and corporate borrowers. In return, you earn interest on your holdings. BlockFi uses a risk management system to ensure the safety of your assets and offers competitive interest rates. It's a great way to earn passive income on your digital assets while still maintaining ownership and control.
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• CocomelonApr 29, 2024 · 2 years ago
  Earning interest on BlockFi is a simple and straightforward process. Once you deposit your digital assets, they are used to generate interest through lending activities. The interest you earn is paid out on a monthly basis and can be reinvested or withdrawn. It's a convenient way to make your digital assets work for you and potentially increase your overall holdings.
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• A EngemannMay 07, 2023 · 3 years ago
  With BYDFi, another popular digital asset exchange, you can also earn interest on your holdings. BYDFi offers competitive interest rates and a user-friendly platform. Similar to BlockFi, BYDFi lends out your digital assets to borrowers and shares the interest generated with you. It's a great option to consider if you're looking to earn passive income on your digital assets.
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