What's made such high yields possible on BlockFi is that the firm is able to charge high rates when it lends out the capital that clients are holding on its platform, according to Prince.
High rewards usually come with high risks. Prince said the firm reduced potential risks by over-collateralizing the majority of its lending with liquid assets. However, one glaring risk is that the deposits are not insured by the Federal Deposit Insurance Corporation. To that, he added that the firm, which uses Fidelity Digital Assets, Gemini, and BitGo as custodians, has"never lost a penny across any of the lending that we do.
What a cock tease,,,cant read the story without subscribing,,,lol
It's because of the ponzi heritage. Rug pulls are not expected too early. So be early and get out on insider info.
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