How does Celsius yield work for cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! The Celsius yield feature allows users to earn interest on their cryptocurrencies by lending them out to other users or institutions. When you deposit your crypto into Celsius, it is used to provide loans to borrowers who pay interest on the borrowed funds. Celsius then distributes a portion of the interest earned to the users who have deposited their crypto. This allows users to passively earn income on their crypto holdings without having to actively trade or invest in other assets. It's a great way to put your crypto to work and generate additional income!
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• Dec 17, 2021 · 3 years ago
  Celsius yield is a form of crypto lending where you can earn interest on your deposited cryptocurrencies. The platform acts as an intermediary, connecting lenders and borrowers. When you deposit your crypto, it is lent out to borrowers who pay interest on the borrowed funds. Celsius then distributes a portion of the interest earned to the lenders. The interest rates vary depending on the demand and supply of the specific cryptocurrencies. It's a win-win situation for both lenders and borrowers, as lenders earn passive income and borrowers have access to funds without selling their crypto holdings.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers a yield feature similar to Celsius. Users can earn interest on their deposited cryptocurrencies by lending them out to borrowers. The interest rates are competitive and vary based on market conditions. BYDFi ensures the safety of the lending process by implementing strict security measures. It's a great way to earn passive income on your crypto holdings while still having full control over your assets. Give it a try and start earning today!
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