Clinamenic
Binary & Tweed
You get to witness a mutual reterritorialization in real time.This is my favourite thread now
You get to witness a mutual reterritorialization in real time.This is my favourite thread now
And they can also opt for fixed term deposits for additional APY which stacks with the "Earn in NEXO" option.Its an option Nexo has for residents in certain non-US jurisdictions, whereby they can choose to earn interest in the form of NEXO, on any asset that allows for interest yield. That is, they can deposit BTC, and choose between earning 5% APY in the form of BTC, or 7% APY in the form of NEXO.
For Celsius, I think they actually offered lower rates for "earn in CEL". On Celsius I'm currently earning 9% on MATIC, paid out in MATIC, but the earn in CEL option would likely be half that. I don't know off the top of my head.
much better for them if they earn nexos, since I issue them.Its an option Nexo has for residents in certain non-US jurisdictions, whereby they can choose to earn interest in the form of NEXO, on any asset that allows for interest yield. That is, they can deposit BTC, and choose between earning 5% APY in the form of BTC, or 7% APY in the form of NEXO.
For Celsius, I think they actually offered lower rates for "earn in CEL". On Celsius I'm currently earning 9% on MATIC, paid out in MATIC, but the earn in CEL option would likely be half that. I don't know off the top of my head.
its a crazy crazy market. really is shades of 2008Absolutely crazy, compared to traditional retail banks. And it's still nothing compared to some of the DeFi protocols out there. Total gluttonous mayhem.
it turns out its exactly like the old one, who would've guessedwe're just ironing out all of the wrinkles in the new crypto economy, dont mind us
Yeah there was an animated Ray Dalio video essay that explained similar cycles, with credit and debt most generally.one thing we've not discussed here but which is relevant is the pro-cyclicality of leverage. this explains why the financial system (including crypto) has such a tendency towards the formation of bubbles. what happens is that when asset prices rise, net worth and collateral values rise, borrowers become more creditworthy and so lenders can extend more credit. as borrowers have greater access to credit, they can purchase more assets, leading to higher collateral values etc etc, leading to firms extending more credit and so on in an inflationary asset-price spiral. clearly, there's a lot of this going on in crypto, which probably explains a lot of the insane explosion in prices over the last few years.