Thursday, April 14, 2022

Could Nano be "yield"able?

Hi, fellow nano holder here. So some of you guys might know of "yield"ing companies out there. Nexo, SwissBorg, Yield App, Celsius, etc..

They all work in different ways to achieve similar results - yielding interest on crypto assets either staked, locked, or exposed to higher risk lending. Etc.

It's new and unregulated (and nowhere nearly as tested in terms of cybersecurity or market volatility/risk) so obviously it is probably not appealing to all that many people just yet. Plus most people are not wealthy enough to prefer yielding rather than trading. On top of that people who hold that much crypto are likely to not tolerate the risk of losing their funds whilst yielding because of some black swan event.

Whatever the future of these platforms I think I can say one thing for sure - there will always be a demand for some kind of yielding. Whether it'd be staking or relying on these fintech companies to manage your funds for you, delegating them to defi protocols and so called "pools".

Hence I decided I'd start a discussion on this with regards to nano. Would nano be capable of being "yield"ed? Even bitcoin or eth can get yielded through these platforms, so I wondered if nano could get yielded as well. If it's totally doable and the technical possibility is there, but just not done yet due to a lack of demand or incentives, I think the community should know.


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