How does Celsius Network provide interest on my cryptocurrency holdings?

3 answers

• Nov 29, 2021 · 3 years ago
  Celsius Network provides interest on your cryptocurrency holdings through a process called lending. When you deposit your cryptocurrencies into Celsius Network, they lend them out to institutional borrowers, such as hedge funds and exchanges, in return for interest. This interest is then distributed to Celsius Network users who hold their cryptocurrencies in the Celsius wallet. The interest rates are determined by market demand and can vary depending on the cryptocurrency and market conditions.
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• Nov 29, 2021 · 3 years ago
  Celsius Network uses a unique business model to generate interest on your cryptocurrency holdings. They lend out your deposited cryptocurrencies to trusted institutional borrowers, who pay interest on the borrowed funds. Celsius Network then shares a portion of this interest with its users. This allows you to earn passive income on your cryptocurrency holdings without the need for active trading or investing.
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• Nov 29, 2021 · 3 years ago
  BYDFi, a digital asset exchange, partners with Celsius Network to provide interest on your cryptocurrency holdings. When you deposit your cryptocurrencies into BYDFi, they are securely stored in the Celsius wallet, which allows you to earn interest on your holdings. This partnership ensures that your funds are safe and that you can benefit from the interest-generating capabilities of Celsius Network.
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