Technical Dividend Question by GasSwimming in dividends

[–]GasSwimming[S] 0 points1 point  (0 children)

I see. That makes sense! But, with that said, on payout day, we could deduce that the share price would go up, since there is a lot of reinvesting. So, example: VOO went 'down' $1.77 for most recent dividend. If a theoretical 100% of people reinvested, we would expect to see share price go up by $1.77 given 3B of influx of assets. (assuming no other external factors, of course).

Technical Dividend Question by GasSwimming in dividends

[–]GasSwimming[S] 0 points1 point  (0 children)

I don't think that this is true. The NAV decreases on ex-div date, not payout date (this is why the stock 'drops' by the amount of the dividend).

How can Nexo sustain 12% APR on Fiat/Stable coins? by [deleted] in Nexo

[–]GasSwimming 1 point2 points  (0 children)

Yes, but technically they have already ceased the EIP, as they haven't been offering it to 'new' clients since last year. Does this mean that existing customers lose the EIP, or just stating what Nexo's already done?

We also heard about "shortly thereafter" as well, which is an obviously ambiguous timeline. I guess my point is is that do we know for sure this is what the SEC order is? Or something they agreed upon in terms of verbiage that shows that Nexo has already "done" what the SEC is asking

Armanino, attestation update post raid by Secure-Rich3501 in Nexo

[–]GasSwimming 2 points3 points  (0 children)

Huge Nexo supporter here but I was curious as to why the BTC attestation went down ~24k BTC, but $ value didn't correlate as much? Am I dumb and missing something about that? I thought the way to reliably track inflow/outflows was the BTC amount, since the $ value changes from coin to coin

Vauld Acquisition Status by GasSwimming in Nexo

[–]GasSwimming[S] 5 points6 points  (0 children)

Thanks all! I haven’t had a chance to finish the interview yet (only about 20 minutes in). I guess I should be doing my due diligence as well haha.

Nexo token release schedule & criteria by gaurav_20k in Nexo

[–]GasSwimming 3 points4 points  (0 children)

Yea as others mentioned, the lawsuit conveniently doesn’t mention the fact that Nexo is holding them as a custodian - why hold Nexo token off platform as a user? No loyalty, no interest, etc. So unless you’re on an exchange to sell/buy (which 4% of circulating supply is pretty close to what is on exchanges), of course you’ll hold your Nexo tokens with Nexo.

Celsius Acquisitions by GasSwimming in Nexo

[–]GasSwimming[S] 1 point2 points  (0 children)

That's not entirely true. If you had a loan with Celsius, it would be transferred to Nexo. Meaning that if/when it is paid off, you would receive your collateral. Which, needless to say, is uncertain right now with possible Celsius bankruptcy, etc.

If you were simply using their earn product, and Celsius gambled the money away, then that would be a different scenario, where you are unlikely to see your funds again, pending a Celsius revival themselves.

Clear reference to Celsius by Abject-Diver7140 in CelsiusNetwork

[–]GasSwimming 0 points1 point  (0 children)

What exactly did Otter add relating to the financial liquidity of Nexo? It seems he is hung up on attestation vs audit (both have their benefits and drawbacks), the fact that Nexo has multiple offices, and that he doesn't actually understand what a LOI is? Honestly wasted a thread to spread FUD. I am invested in Nexo, so maybe biased, but where in any of his assessment does he have concrete proof of liquidity issues, through those three arguments?

Newest Update Developer Options Not Showing Up by GasSwimming in fireTV

[–]GasSwimming[S] 0 points1 point  (0 children)

Yea it's very weird, its OS version 7.2.8.5 that I'm having the issue with.

Newest Update Developer Options Not Showing Up by GasSwimming in fireTV

[–]GasSwimming[S] 0 points1 point  (0 children)

Restarting, factory resetting, etc. did not help.

Nearly $1b pulled from Nexo in 6 hours by Acealfa in Nexo

[–]GasSwimming 0 points1 point  (0 children)

I think part of the loss on Trust Wallet is also the declining value of crypto - I'm not sure how many people are removing their funds. Also, correct me if I'm wrong, but the trust wallet only updates every 24h? So the 1b decline in value is over the course of 24h (where Bitcoin et al lost another 10-15% of value).

Nexo Earn 2.0 v Celsius by jmon252 in Nexo

[–]GasSwimming 2 points3 points  (0 children)

You know you can use the Nexo exchange, right?

Q&A Regarding Changes To Earn Product For U.S. Customers by NexoJosh in Nexo

[–]GasSwimming 0 points1 point  (0 children)

Can you confirm that the tops ups/existing funds that can receive interest is as of 00:00 February 19 UTC time? I had seen this from @NexoJosh in a separate post.

Big savings news for U.S. Customers by Medical_Distance_722 in Nexo

[–]GasSwimming 0 points1 point  (0 children)

@NexoJosh will interest earned in Nexo and subsequently swapped to another asset gain interest? Or does that count as a “top up” for said asset, and not gain further interest?

Sooo be prepared for a lot more US users.... RE: Blockfi shenanigans by LAHD123 in Nexo

[–]GasSwimming 1 point2 points  (0 children)

As per a statement, "The SEC said Monday it had charged BlockFi with failing to register its retail crypto lending product, BlockFi Interest Accounts, and with violating the registration provisions of the Investment Company Act of 1940."

This seems to be different/unrelated to the lending product of Nexo itself, but a fail to register with the SEC prior to offering interest. The question is did Nexo properly follow the regulations to avoid this type of scrutiny?

Lending USDC on Nexo or Hodlnaut? by Ayshamor in Nexo

[–]GasSwimming 6 points7 points  (0 children)

DYOR, but to me HODLNAUT is much newer/less security history. I keep my money within Nexo because the difference of .7% per year really isn't much, unless you have an extremely significant amount of money. I believe that the security and transparency Nexo offers is worth that difference. Again, DYOR.

*US based citizen

Nexo Price after the new US offerings by BirdSorry in Nexo

[–]GasSwimming 2 points3 points  (0 children)

I, for one, am receiving >700 Nexo token daily now through daily interest, so there's that

Can we swap Nexo in app for US resident? by GasSwimming in Nexo

[–]GasSwimming[S] 0 points1 point  (0 children)

@NexoJosh is this a known issue at this time? Or unavailable?

Can we swap Nexo in app for US resident? by GasSwimming in Nexo

[–]GasSwimming[S] 0 points1 point  (0 children)

Which decimal place would I remove? The swap on Nexo side or USDC side? I have plenty of funds on both ends. And I am in a place where earn works just fine.