The Currency Analytics
By Steven Anderson
Nexo Continuing their Lending Mission
Nexo are excited about their strategic collaboration with LINK. Several of them have already made their deposits and are excited about being able to earn.
The partnership is based on their shared belief in Defi and common goal of driving the digital finance industry in to the mainstream.
Nexo tweeted: “Nexo’s dynamic expansion continues: You can now borrow & earn with $LINK!
LINK is the native token of ChainLink. It has been added as an available asset for the Instant Crypto Credit Lines TM and the Earn on Crypto.
Link-backed loans will now permit investors to borrow against their assets as opposed to selling them. They will benefit from the competitive interest rates of Nexo.
The advantages listed are 5% interest on link, 5.9% APR in borrowing rates on what is actually used.
Antoni Trenchev, Co-founder and Managing Partner at Nexo, stated that the future is decentralized and that transparency will be demanded from users and we all need to make proper…
Sydney Ifergan, the crypto expert tweeted: “Transparency and security are already basics in the crypto currency industry. Nexo are doing their part in ensuring it.”
Nexo recently expressed that UK millennials with £25K+ in investable assets are increasingly putting money into cryptocurrency. The FCA has reported that 2.
Of note, Nexo is now offering 5% on bitcoin (BTC), bitcoin cash (BCH), ether (ETH), XRP, EOS, Stellar (XLM) and Litecoin (LTC), which is nearly half of the 10% which Nexo users…