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December 03, 2020, 06:06:34 AM |
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DEFI proved to cover many scam projects since anybody can launch it. It is still new but it will settle probably in 6 months from now, and it will be like in small coins masternode world, less than 5% of those DEFI projects will survive to be profitable, but they cannot sustain to offer high APY% rates since there is no institutional liquidity backup like in CEFI.
In CEFI it is all currently defined, celsius is best, nexo is worst (currently)
Name: Celsius Network Website: celsius.network Jurisdiction: UK/USA Trust: 9/10 Earn APY% rates: 9/10 Loan rates: 9/10 Assets under management: 3.3 billion USD Members: 240000 Coins supported for earning interest: 36 ATM card: NO Have own coin: YES
Name: BlockFI Website: blockfi.com Jurisdiction: USA Trust: 8/10 Earn APY% rates: 6/10 Loan rates: 7/10 Assets under management: Unknown Members: Unknown Coins supported for earning interest: 8 ATM card: Just announced for 2021 Have own coin: NO
Name: Apyharvest Website: apyharvest.com Jurisdiction: UK Trust: 8/10 Earn APY% rates: 9/10 Loan rates: 9/10 Assets under management: 1.3 billion USDC Members: 40000 Coins supported for earning interest: 47 ATM card: NO Have own coin: NO
Name: Crypto com Website: crypto.com Jurisdiction: Malta Trust: 7/10 Earn APY% rates: 5/10 Loan rates: 4/10 Assets under management: Unknown Members: 5 million Coins supported for earning interest: 34 ATM card: YES - working Have own coin: YES
Name: Nexo Website: nexo.io Jurisdiction: Bulgaria Trust: 5/10 Earn APY% rates: 8/10 Loan rates: 6/10 Assets under management: Unknown Members: 1 million Coins supported for earning interest: 17 ATM card: Promised August 2019, never delivered Have own coin: YES
I would NEVER put all my assets to CEFI, since in that case i lose all my coins if CEFI platform fails. But i trust them more than DEFI since currently most of DEFI projects are gamble. Those which are defined good, like AAVE , offer very low interest rates. At time i write this, Interest APY% on USDT is 4.38% at AAVE, 10.51-13.86% at Celsius and 11.79-14.17% at Apyharvest. On ETH is much worse - AAVE APY% on ETH is 0.11%, at Celsius is 5.5-7.21% and at Apyharvest 6.25-7.82.
My current portfolio is 50% staking in CEFI, 50% i keep at cold storage ( and o still buy crypto on be-weekly basis)
From I stake ETH at Celsius, and Bitcoin, USDC and SNX at Apyharvest. I have also Crypto com atm card, and it is pretty usable, only thing i hate is that CRO coin is losing value, so i overpaid my initial card deposit when i started long ago.
Hope you find my inputs informative.
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