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Comment by ceejayoz | Hacker News Reader

8%? Nexo's was promising 16% APR as recently as Nov 11 according to Google's cache (https://webcache.googleusercontent.com/search?q=cache:eN2KEV...). The page redirects to the home page now.

I've seen "bonus" APRs as high as 40% offered.

https://crypto.com/us/earn is still offering 14.5% APR, and 8.5% on stablecoins, after accidentally sending $400M to a competitor.

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Crypto.com advertises massively inflated APRs, to achieve those you need to hold a limited amount of the asset and a huge amount of CRO

e.g. to hit the headline rate of 14.5% APR, you need to hold no more than $3,000 of DOT and at least $40,000 of CRO (their own token)

the reason it's so high for DOT is that DOT is currently paying 15% APR to validators.

It's extremely shady what crypto.com are doing but not necessarily unsustainable, because they're basically lying about what APR you can get

cough FTT cough

Holding 40k in CRO would be extremely unwise right now no?

So what you're saying is that it's just a garden variety Ponzi scheme, and not anything original. If you put 12 times the capital, they'll pay you "14.5%" yield on the principal. The moment they run out of fools to put this massive amounts of cash on the pyramid, it will go down as all Ponzis do. Crypto must die at this point, it's the only solution to this mess.

Crypto like Bitcoin is fine. Exchanges that are stealing money are the problem. Confusing the two is a mistake IMO

Exchanges are a crucial part of the bitcoin economy. Miners need to sell the bitcoins that they earn in order to pay the bills.

You can sell and transfer bitcoin directly without any need for an exchange.

Sure and you can buy groceries directly from the farmer. It's just not practical at any meaningful scale.

https://nexo.io/earn-crypto is still up and promises 16% APR - I think they are the last ones standing now. I'm sure your money is safe with them, they proudly talk about their excellent Trustpilot rating /s

That page redirects me to the home page, as well. Either it's because I'm in the US or they're taking things down.

Probably geofenced, it works for me (Germany) and shows the offer

> Earn 16% on Crypto

> Make your idle digital assets work for you with Nexo. Start earning up to 16% APR, paid out daily.

can you grab a screenshot?

https://archive.ph/Dzojr this is what it currently shows to me

"Up to". Aren't all of those high yielding services strictly in some crazy token that is bound to constantly deprecate?

Isn't that what BitConnect was?

They are. The highest 16% is offered for the Polkadot shitcoin. Without even touching Nexo, you can get 12% just by regular Polkadot staking. To get the 16% that Nexo offers, you need to have 10% of your portfolio in Nexo's own shitcoin and thus you're moved to the "Platinum" level, which is eligible for higher yields. Of course, as you say, Nexo's shitcoin is bound to depreciate.

I'm in the US and it is sending me to a home page that offers 16%

Binance offered 45%

https://www.binance.com/en/support/announcement/earn-up-to-4...

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