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Can I earn interest on my digital assets stored in Paxos Custody?

avatarAnjireddy PathakotiDec 16, 2021 · 3 years ago3 answers

Is it possible to earn interest on the digital assets that I have stored in Paxos Custody?

Can I earn interest on my digital assets stored in Paxos Custody?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, you can earn interest on your digital assets stored in Paxos Custody. Paxos Custody offers a feature called Earn, which allows you to earn interest on your digital assets by lending them out to borrowers. This is a great way to make your idle digital assets work for you and potentially generate passive income. However, it's important to note that the interest rates may vary depending on the specific digital asset and market conditions. Make sure to check the current interest rates and terms on the Paxos Custody platform.
  • avatarDec 16, 2021 · 3 years ago
    Definitely! Paxos Custody provides an opportunity for you to earn interest on your digital assets. By participating in their lending program, you can lend out your digital assets to borrowers and earn interest in return. It's a win-win situation where you can put your idle assets to work and earn passive income. Just make sure to carefully review the terms and conditions of the lending program and understand the risks involved before participating.
  • avatarDec 16, 2021 · 3 years ago
    Yes, you can earn interest on your digital assets stored in Paxos Custody. BYDFi, a digital asset exchange, offers a lending program where you can lend out your digital assets to borrowers and earn interest. The interest rates are competitive and you have the flexibility to choose the duration of the lending period. It's a great way to make your digital assets work for you and potentially increase your overall returns. Just make sure to do your own research and assess the risks before participating in the lending program.