RE: Late To The Party...Again! I Just Discovered Nexo & Celsius

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I'm never a fan of something with a fixed interest rate. Things change and happen that will always adjust this rate and if not well that's a BIG RED FLAG for me.

I also don't like giving up my keys it's far too risky IMO.

What's preventing someone to not default on the loan or become delinquent on the loan? Being that it's crypto I'm going to say there's little to no repercussions.

I know nothing fully about it though but those are my initial thoughts or questions that come to mind.



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You don't lend directly. The platform does. I get you on not trusting an entity with your keys. Also, interests are adjusted from time to time, they are not fixed (except for crypto.com's 'term deposits'), nor you have any say in what the rates are. You can only leave if you don't like new rates.

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Yeah some big concerns for sure. I think they change the rates depending on the markets...Not in there long enough to see any changes.

Yeah the loaning is all done by the platform, and you can only get a loan out for like 50% of the crypto you have in custody.

Posted Using LeoFinance Beta

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