How does Celsius Network provide interest on crypto assets?

3 answers

• Dec 28, 2021 · 3 years ago
  Celsius Network provides interest on crypto assets through a process called lending. Users can deposit their cryptocurrencies into Celsius Network, and the platform lends these assets to institutional borrowers, such as hedge funds and exchanges. In return, Celsius Network pays interest to the users based on the amount and duration of the deposit. This allows users to earn passive income on their crypto holdings while still maintaining ownership and control over their assets.
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• Dec 28, 2021 · 3 years ago
  Celsius Network's interest on crypto assets is made possible by its unique business model. Unlike traditional banks that keep most of the interest for themselves, Celsius Network shares up to 80% of its revenue with its community members. This means that users can earn higher interest rates compared to traditional banking systems. Additionally, Celsius Network offers flexible interest payment options, allowing users to choose whether they want to receive interest in the same cryptocurrency they deposited or in CEL, Celsius Network's native token.
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• Dec 28, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that Celsius Network is one of the most reputable platforms for earning interest on crypto assets. With its transparent and community-oriented approach, Celsius Network has gained the trust of millions of users worldwide. The platform's focus on security and compliance also ensures that users' assets are protected. Whether you're a beginner or an experienced crypto investor, Celsius Network provides a user-friendly and rewarding way to earn interest on your crypto holdings.
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