Hi guys, as many of you as I also would like to "do" something with my crypto funds that I held in my crypto wallet. For a few months, I still think if crypto loans really work and there is a very very low risk of losing my funds. I would like to borrow lend my cryptocurrencies with an interest. Blockfi offers up to 8.5% interest p.a. and there are more competitors, but would you 100% trust them? Earning few percent per year vs. losing the big amount of cryptocurrencies fund?
I have not use services like Blockfi , but if they offer good services you may lend your money. Make sure, there is proper system so no one can scam anyone. Personally i would not lend my crypto currencies as it is always risky if you lend your money to someone.
Also note that Blockfi is a centralized site, if they run away anytime after collecting lots of people lending funds
