When the coins are lent out, you get a reward for it. You don't get that reward in euros, but in the cryptocurrency you lent out. Imagine, for example, you have lent out Bitcoin and you get a return, then you receive that reward in the form of extra Bitcoin.
With Lending on BLOX, you can earn returns on your crypto investments. Here are a few calculation examples to give you an idea:
- Example 1: BTC Lending
- Imagine you are lending 1 BTC with an annual return of 2%.
- After a year, you earn 0.02 BTC as a reward.
2. Example 2: ETH Lending
- Imagine you are lending 10 ETH with an annual return of 3%.
- After a year, you earn 0.3 ETH as a reward.
3. Example 3: USDT Lending
- Imagine you are lending 1000 USDT with an annual return of 5%.
- After a year, you earn 50 USDT as a reward.
Every Monday, your earned returns are automatically added to your account. Lending on BLOX allows you to generate passive income while keeping your original crypto investments safe in your wallet. A simple and effective way to grow your crypto investments! Read how to activate Lending here 🚀