Earning interest on cryptos

Anyone know anything about getting interest on your crypto holdings with the likes of BlockFi.com ?

The rates seem very attractive. 4.5 % on ETH...

Be interested to hear any experiences using BlockFi.

Also an explanation of how it works, ie - how they make money.

 

Crypto.com gives me better yields but I got blockfi also. Both are solid companies.

 

redditman doesn't seem to understand your question (posting a blockfi link) and obvious concerns looking for outside opinions.

Sorry I can't help either.

 

They lend out to the money and earn a spread. many high net-worth borrowing in the bitcoin futures trade. with spot bitcoin. Arbitrage is coming down and so are yields.

 

What if they go under? What's your recourse? Counterparty risk

 

Gemini stable coin pays 7.4%
Fully audited MONTHLY to be sure $1 is there for every $1 backed (hello Tether??).
Backed by State Street.
GUSD is the token

 

I saw that. Wonder how long that will continue.