For the last couple of years, I’ve been searching for ways to increase my passive income. Nexo and BlockFi positions themselves as platforms to earn passive income, up to 12%, on your deposits with “minimal risks”. As using my idling crypto to earn some passive income is an attractive idea, let’s compare both platforms.
If like me, you are just waiting for another bullmarket, with your stablecoins roting somewhere, Nexo seems pretty interesting. But is it green or is it greed?
With stocks doing their best to become stonks, the “steady and secured” 7-8% of returns might be difficult to achieve on them for the foreseeable future. What if I told you there was a non-riskier way to earn 7.5% interest on your stablecoins ?