Jumping into loans with NEXO, is cryptocurrency lending profitable?
Nexo (NEXO) is an Ethereum platform and token that raises the question is cryptocurrency lending profitable? In detail, Nexo’s platform is one of many attempts to use crypto assets as loan collateral.
Nexo builds its platform around a wallet that lets users borrow against cryptocurrency. Essentially, to borrow all you need to do is deposit crypto assets in the wallet.
In addition, users can earn interest income from funds in the Nexo Wallet. Notably, Nexo claims to pay 6.5% interest on all…