01-29-2020, 10:48 AM
Questions about BlockFi
<!-- SC_OFF --><div class="md"><p>I have been utilizing Pei and Lolli and moving my BTC to Blockfi and earning interest. I have no intention on selling any time soon so I figured this was an easy way for me to accrue bitcoin without doing anything.</p> <p>They recently rolled out support for USDC at an astounding 8.6% interest rate annually. How can they offer such a high-interest rate?</p> <p>Any help or clarification on this would be great. It seems like a very legit company since they are backed by some big funds but it just seems unsustainable!</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>I have been utilizing Pei and Lolli and moving my BTC to Blockfi and earning interest. I have no intention on selling any time soon so I figured this was an easy way for me to accrue bitcoin without doing anything.</p> <p>They recently rolled out support for USDC at an astounding 8.6% interest rate annually. How can they offer such a high-interest rate?</p> <p>Any help or clarification on this would be great. It seems like a very legit company since they are backed by some big funds but it just seems unsustainable!</p> </div><!-- SC_ON --> Kind Regards R