The crypto borrowing and lending platform Nexo recently provided transparency into exactly how its business makes money. Its lengthy breakdown follows the collapse of numerous high-profile crypto lending firms that were overexposed to defunct projects and businesses. Nexo’s Business Model As Nexo explained in a Twitter thread on Monday, Nexo’s primary business strategy is to facilitate collateralized credit. Its core services include crypto collateralized loans, interest-bearing crypto accounts, and spot, futures, and options trading. Through its Earn product (crypto interest…
Tag: Figment.io
Using Figment.io to Stake Cryptos – A Practical Web3 Guide
Crypto staking is the most straightforward approach to passively building your crypto holdings. It entails dedicating your digital assets to sustain a network and authenticate transactions. Instead of obligating blockchain nodes to use expensive computational machines, the Proof-of-Stake (PoS) protocols propose an eco-friendly approach. PoS demands you to stake (delegate) your digital assets and compensate you for doing so. Figment.io (or, simply, “Figment”) is one of the platforms that created strong market traction in the staking field. What does Figment…
5 months ago 
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