Block Vy Is a Cryptocurrency Lender

The first question anyone has when they hear about BlockFi is: “What’s the catch? 8.6% APY sounds too good to be true. That can’t be legit.”

I went DEEP to understand how they do it, and it’s legit. Essentially, BlockFi arbitrages the fact that traditional finance and crypto don’t like to deal with each other. We'll cover:

• What Does a Bank Do?
  
• What BlockFi Does
  
• Stablecoins and 8.6% APY
  
• Grayscale Bitcoin Trust
  
• The Race to the Finance Super App
  
• The Offer
  

Read the full post at Not Boring.

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