Crypto.com slashed their interest rate again
Exactly 3 weeks ago, they announced they will reduce the interest rate for their Earn program, which is suppose to be in effect on April 4th. But today, surprisingly, they email on a further reduction, which takes effect immediately!
The Changes
They slashed 2 times in a month. Let us compare the differences.
If you have $400 Ruby Steel and below:
| Term | Before | Now | Change |
|---|---|---|---|
| Flexible | 6% | 1.5% | -4.5% |
| 1-month | 8% | 3% | -5% |
| 3-months | 10% | 6% | -4% |
If you have $4,000 Jade Green and above:
| Term | Before | Now | Change |
|---|---|---|---|
| Flexible | 8% | 2% | -6% |
| 1-month | 10% | 4% | -6% |
| 3-months | 12% | 8% | -4% |
As you can see, they have slashed by ~5%, which is a BIG difference.
What’s more, there is a cap of $30,000.
Move on
High interest rate don’t last forever. But it has come down unexpected and swiftly for Cypto.com.
It is no longer a good place to hold stablecoins for the interest. It’s time to move to Terra’s Anchor and others (while they are still high).
