Hey guys, while consolidating my stuff to buy the dip this morning (lol I hope it was a good move), I noticed something awesome:
Nexo raised it's APR on volatilecoins from a flat 4% to 5%! Yay! You can get a bonus +2% if you opt to take your interest in the native Nexo tokens, too! I cross-checked that with the APR on Celsius and it now appears that Nexo offers more interest on multiple assets, including XRP, than Celsius does. For XRP, the interest rate in Nexo is 5% versus 3.61%, so move your assets accordingly if that applies to you and you're yield-farming for the long run. If you're playing with more funds than I am, you can get even better rates! Celsius has decreased its interest rates from 11.55% to 10.51% on stablecoins since I jumped on the train in September, too, so that makes Nexo look even better. Not that 10.51% is by any means bad, but who's to say they won't do it again? I also like that interest accrues every day in Nexo versus in Celsius where a snapshot of your funds is taken on Friday and then the interest is awarded on Monday of the following week.
Despite this recent turn of events, maybe the Celsius investors were just banking on more people buying the Tezos dip or something and those rates will increase again 😂
Who knows? Man, the crypto space really is volatile. All I know is that now I'm glad I decided to stake some assets in my Nexo wallet instead of trying any harder to get one of my credit cards to work with Crypto.com.
The Nexo referral link puts you higher up on the waiting list for their crypto MasterCard, so use mine if you haven't registered yet.
Peace, yo! ✌💚🎶
