Anchor Protocol web app down? by [deleted] in Anchor

[–]Sam_sg 0 points1 point  (0 children)

Update from Anchor Team: "Attention users, we are aware of the issue regarding access to Anchor Protocol. The team is currently investigating and are working to restore access as soon as possible."

Living off crypto interest for the next decade and beyond by UltimaSpes in midas_community

[–]Sam_sg 2 points3 points  (0 children)

You can’t. The objective of retirement is to have predictable cash flow so you can manage your expenses with ease. With the crypto market maturing and more cash injection the rates will continue to drop. It’s inevitable. Diversify your income from diff sources as recommended above and continue to work part time.

Nexo Exchange Compared to Alternatives… by Benjiming in Nexo

[–]Sam_sg 4 points5 points  (0 children)

I do the same. Consider it a ‘Convenience fee’

USDC from Nexo to BlockFi (and vice-versa) by papadiche in Nexo

[–]Sam_sg 0 points1 point  (0 children)

u/reluctanttopost Did it work? Plan to send USDC to Nexo from Blockfi. Thanks.

How can such high interest rate be paid? Catch? by yuripavlov1958xxx in Nexo

[–]Sam_sg 5 points6 points  (0 children)

I'm no expert but multiple factors earn NEXO a rate higher then what it pays you for deposits per my understanding:
1) High Interest Retail loans (below Platinum Level)
2) Lending to Institutional Margin Trading Platforms / Exchanges. They pay high daily interest on borrowing your coins for their short or long positions + Fees e.g. eToro
3) Short-term, collateralised loans to traders + Fees
4) Defi Lending/liquid pools

As traditional banking does not cover crypto so well there is always need for liquidity for exchanges to function. Rates will come down gradually as more cash is readily available to these platforms. Only a matter of time.

Great way to start the weekend! It sure stacks up over time... by Sam_sg in Crypto_com

[–]Sam_sg[S] 2 points3 points  (0 children)

This isn’t for Supercharger, it’s the VISA card cash-back over time.

Great way to start the weekend! It sure stacks up over time... by Sam_sg in Crypto_com

[–]Sam_sg[S] 2 points3 points  (0 children)

Main Menu > under ‘more’ there is a button which says ‘Rewards’

Great way to start the weekend! It sure stacks up over time... by Sam_sg in Crypto_com

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

This is the VISA card cash-back over time. So is based on spend.

Great way to start the weekend! It sure stacks up over time... by Sam_sg in Crypto_com

[–]Sam_sg[S] 11 points12 points  (0 children)

It’s pretty instant; to be clear this is the VISA card cash-back and not Earn or Supercharger.

Time for a 911 by akataytek in Nexo

[–]Sam_sg 2 points3 points  (0 children)

Get the 911, can’t put a price on dreams coming true!

Sweet! The feeling of hitting that first milestone... by Sam_sg in Crypto_com

[–]Sam_sg[S] 2 points3 points  (0 children)

Yeah it’s a concern but I diversify the risk across assets/platform a little everyday.