Where do the APY Rewards in Eco come from?

  • Updated

Eco partners with a regulated cryptocurrency custodian and prime lenders. Other large financial institutions frequently borrow USD-denominated cryptocurrencies on a short-term basis from these partners. These institutions pay interest to access Eco’s sitting, unused funds (which are held as stable-value, USD-denominated cryptocurrency) and a portion of that interest is paid to you in the form of APY rewards on your deposit. We do not lend out user funds.

 

 

Was this article helpful?

Comments

0 comments

Article is closed for comments.