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The latest report from CelsiusCow discusses the main differences between centralized finance (CeFi) and decentralized finance (DeFi) savings platforms – and analyzes the pros and cons of the most popular services.
More information can be found at: https://celsiuscow.com/best-crypto-lending-platform-comparisons-2022-celsius-vs-nexo-vs-blockfi-vs-anchor-protocol
As the financial options around crypto grow, the lending landscape is developing at a fast rate. CelsiusCow highlights that both DeFi and CeFi are now viewed as a way to hedge against inflation. The new report shows how inflation rose by 7.5% in January 2022, reaching its fastest 12-month pace yet.
As such, more people are turning to the state-of-the-art solutions offered through the CeFi and DeFi fields. These provide the ability to preserve purchasing power even during times of instability or high inflation. In this way, crypto is well-positioned to become a more suitable option than traditional banks for many investors.
As an online resource site for cryptocurrency, CelsiusCow offers regular insight into the crypto market. Three options discussed in the new report are Celsius, Nexo, and BlockFi in the centralized savings and lending space. These offer a more familiar way to convert fiat currency into crypto stablecoins.
According to the report, these CeFi options provide many of the yield benefits of DeFi while remaining more familiar with what is expected from traditional currency.
On the other hand, DeFi savings platforms are more sophisticated, and therefore require a more in-depth understanding of the crypto field. However, investors can earn up to 75% interest on their stablecoins through options like Anchor Protocol.
The report explains that the stablecoin market cap has tripled over the last two years as investors seek the benefits of price-stable digital assets. Because stablecoins bridge the gap between crypto and fiat currencies, they provide a unique safety net in a historically volatile crypto market.
A spokesperson for the site states: “Crypto savings platforms have been growing in popularity lately as they offer significantly higher returns on your investments than traditional banks. They also present lucrative opportunities for investors looking to diversify their portfolios, earn returns on idle crypto assets they HODL or generate returns during crypto winter or stock market decline.”
Interested parties can learn more at: https://celsiuscow.com/best-crypto-lending-platform-comparisons-2022-celsius-vs-nexo-vs-blockfi-vs-anchor-protocol
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
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