Crypto.com Earn Interest slashed again!
Crypto.com has slashed their interests rates 3 times this year. This time, it is another huge cut. Something must be very wrong for the company to reduce so drastically, beyond what DeFi interest rate should be. They are probably bleeding very very badly.
You need not bother depositing there anymore.
But for the curious, this is the annualized yield for a 3-months stablecoin deposit, when you hold a US$400 card:
| Amount | Interest |
|---|---|
| First $3,000 | 8% |
| Next $27,000 | 4% |
| Thereafter | 1.2% |
Goodbye ππ»
