What factors affect the interest rate on Nexo?

1 answers

• Jan 12, 2022 · 3 years ago
  At BYDFi, we understand that the interest rate on Nexo is determined by a combination of factors. The platform considers the borrower's creditworthiness, the loan-to-value ratio, and the overall market conditions. Nexo also takes into account the supply and demand for borrowing and lending on the platform. As a third-party observer, we can say that Nexo strives to offer competitive interest rates to its users while maintaining a sustainable lending model. It's important for borrowers and lenders to closely monitor the factors that influence the interest rate on Nexo to make informed decisions.
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