How does BlockFi help users earn interest on stablecoins?
jodiperwiraDec 24, 2021 · 3 years ago3 answers
Can you explain how BlockFi enables users to earn interest on stablecoins?
3 answers
- Dec 24, 2021 · 3 years agoSure! BlockFi allows users to earn interest on stablecoins by lending them out to institutional borrowers. When you deposit stablecoins into your BlockFi account, they are lent out to borrowers who pay interest on the borrowed funds. BlockFi then shares a portion of the interest earned with its users, allowing them to earn passive income on their stablecoin holdings. It's a great way to put your stablecoins to work and earn a return on your investment.
- Dec 24, 2021 · 3 years agoBlockFi offers users the opportunity to earn interest on stablecoins through its lending program. By depositing stablecoins into your BlockFi account, you can lend them out to borrowers who need them. These borrowers pay interest on the borrowed funds, and BlockFi shares a portion of that interest with its users. It's a win-win situation, as borrowers get access to the funds they need, and users can earn passive income on their stablecoin holdings.
- Dec 24, 2021 · 3 years agoBlockFi is a leading platform that allows users to earn interest on stablecoins. By depositing stablecoins into your BlockFi account, you can participate in the lending program and earn interest on your holdings. BlockFi partners with institutional borrowers who pay interest on the borrowed funds, and BlockFi shares a portion of that interest with its users. It's a simple and effective way to earn passive income on your stablecoin investments.
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