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.

 

Additional questions? Connect with us at support@eco.com. We're here to help!

 

 

Was this article helpful?

Comments

0 comments

Please sign in to leave a comment.