Nexo looks interesting. What's the advantage to that over MakerDAO or similar?
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Nexo looks interesting. What's the advantage to that over MakerDAO or similar?
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It's centralized and regulated. Funds are insured. You can increase interest by 2% by stacking their token. You can connect with your bank account and deposit fiat as well. Get 5% on fiat holdings. High collateral for stable coins and fiat. I would say that it's a bank and exchange at the same time. Registered in Switzerland.
I can see it as a perfect fit for today's crypto guy like me. It's here and it's working and improving. No pie in the sky.
But what do I know? I'm just an oldtimer on the blockchain.
Not your cup of tea as far as I see from your posts but you should check this out.
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