Decision for Solana, Avalanche and Polygon from the Famous Platform!

DAI, DOT, LINK, LTC, PAXG and other cryptocurrencies such as UNI. rate decreases by 0.5 – 2 percent. Most rates will be the same for crypto assets including BTC, ETH, Stablecoins (excluding DAI) and DOGE. The platform’s growth in holdings has slowed as institutional investors take on less debt amid the crypto-price plunge. The move came after that. This decline in demand is not limited to BlockFi, and the current market situation is limiting the ability of lending platforms to deliver higher returns to customers.

The current situation in the market lies behind the decision

BlockFi’s move is a reflection of the dynamics in the crypto market. BlockFi, which lends to institutional investors and returns the returns to its customers, saw a 1,711% increase in assets under management in 2020. In March of last year, BlockFi held $14.7 billion in BlockFi Interest Account. But that kind of growth has been on the wane as institutional investors borrow less amid the crypto-price plunge. This declining demand is not limited to BlockFi, and the current state of the market is limiting the ability of lending platforms to offer higher returns to customers. As we reported as

Kriptokoin.com, BlockFi used to offer 6.25% to users with multiple BTC, but now only 1% up to 0.35 Bitcoin. to 3% and 0.1% more in larger quantities. BlockFi made no mention of rate changes in BTC in its announcement on Thursday.