I’ve been seeing a lot of speculation about BlockFi’s risk management practices that I want to address. While our policy is to not comment on specific counterparties, we are committed to providing as much transparency as possible, and it’s important to know the following:
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Binance has no way near that yield anymore
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What happened in may
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Also not sure where you got average rates for USDT on blockfi. Their upper bound limits are tiny. Real rate is like 2% xD
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Nexo changed rates on June 9th. Move them in the greenhttps://twitter.com/Nexo/status/1534898220060516356?s=20&t=AkZK9jTTZIji1rN5OETY8Q …
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why i reading this frist on twitter..
End of conversation
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At first I was mad when Blockfi first dropped rates in 2021. What I later learned is why rates where lowered and why rates could go back up. The why is market conditions. Now I’m happy to take lower rates in extreme market conditions.
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http://Crypto.com have quote high thresholds to meet before they even start paying their interest. It's quite high too. Still though, the amount of money they spend on sponsorship and prestige advertising is beyond absurd. I moved what I had there out.
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dropping rates is risk management?
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Cdc above 8%? You got the pirate version
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