In what ways does Celsius monetize the use of digital assets?

3 answers

• Dec 26, 2021 · 3 years ago
  Celsius monetizes the use of digital assets through its interest-earning accounts. Users can deposit their digital assets into these accounts and earn interest on their holdings. The interest rates offered by Celsius are typically higher than traditional banks, making it an attractive option for those looking to earn passive income from their digital assets. Additionally, Celsius also offers loans backed by digital assets, allowing users to borrow against their holdings without needing to sell them. This provides users with access to liquidity while still maintaining ownership of their digital assets.
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• Dec 26, 2021 · 3 years ago
  One of the ways Celsius monetizes the use of digital assets is through its lending services. Celsius allows users to lend out their digital assets to other users or institutional borrowers and earn interest on their loans. This creates a win-win situation where borrowers can access liquidity and lenders can earn passive income. Celsius carefully vets borrowers to ensure the safety of lenders' funds and offers competitive interest rates to attract borrowers. This lending model has been successful in generating revenue for Celsius while providing value to its users.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a digital asset exchange, also monetizes the use of digital assets in various ways. Apart from offering trading services, BYDFi allows users to stake their digital assets and earn rewards. Staking involves holding a certain amount of a particular digital asset in a wallet to support the operations of a blockchain network. In return for staking, users receive rewards in the form of additional digital assets. This incentivizes users to hold their assets on the BYDFi platform, generating revenue for the exchange through increased user activity and trading volume.
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