Cryptocurrency News
CeFi interest on the wane: Will BlockFi, Ledn and Nexo rates trend lower?
2022.05.30 20:21
CeFi interest on the wane: Will BlockFi, Ledn and Nexo rates trend lower?
Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interest.
At the other end of the table, centralized finance, or CeFi, where all processes are rooted through a central body, has endured a comparatively peaceful bear market, yet interest rates are trending down.
