ChloeHarris
Wed Jun 26 2024
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6 answers
1137
Does Nexo pay interest daily?
Could you elaborate on whether Nexo offers daily interest payments? I've heard about the platform's services but I'm specifically interested in understanding the frequency of interest accrual. Does Nexo distribute interest on a daily basis, or is it paid out at a different interval? This information is crucial for me to make an informed decision about using Nexo for my financial needs. Clarifying this detail would greatly assist me in evaluating the platform's suitability for my investment and savings goals.
CryptoAlchemy
Wed Jun 26 2024
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5 answers
1185
How does DeFi pay interest?
Could you elaborate on the mechanisms behind how DeFi, or decentralized finance, pays interest? Specifically, I'm interested in understanding how these platforms generate returns for investors without relying on traditional financial institutions. Do they utilize lending protocols? Do they involve staking? How do these interest payments work in a decentralized, trustless environment? What are the risks associated with earning interest in DeFi, and how do platforms ensure the security and stability of these interest payments? Your insights would be greatly appreciated.
Rosalia
Mon May 13 2024
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5 answers
1288
How does stETH pay interest?
I'm curious about how stETH pays interest. Could you elaborate on the process? I understand it's a derivative token of Ethereum, but how does the interest payment mechanism work? Is it through staking rewards? Or does it involve some other form of income generation? I'm also interested in knowing if there are any associated risks or limitations with receiving interest on stETH. Could you please provide a comprehensive overview of this topic?
