Why 10%+ Yields are common in Crypto
Things to watch out for as high APYs may not last too long
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Nearly every day, companies such as Crypto.com, Blockfi, Voyager, Nexo, Gemini etc. are offering savings interest rates often as high as 12% on crypto assets. In a world where average savings account yields 0.05% and is only going to zero over time, this is becoming a key lever for crypto companies to attract millions of users chasing yield. What is le…