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.
Sign up for BlockFi.
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