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!
They slashed 2 times in a month. Let us compare the differences.
If you have $400 Ruby Steel and below:
If you have $4,000 Jade Green and above:
As you can see, they have slashed by ~5%, which is a BIG difference.
What’s more, there is a cap of $30,000.
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).