When are we going to be able to choose to earn in kind for chosen coins and earn in NEXO for others?

This seems like a simple feature, but it’s quite complicated to make this happen on the backend. It’s very heavy on the platform, it’s very heavy accounting-wise and it’s very heavy in terms of generating yields sustainably. We don’t rely on future funding rounds to maintain our interest rates, we generate the yields through our business entirely. This concept also does not resonate well with most regulators so it’s a tricky feature to offer.

Either way, the Nexo team is looking into what the possibilities are and I will hopefully be able to update you on this in the future.

Source: July’s Ask-Antoni-Anything Recapped
August 21, 2022
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