Nexo High-Yield Bearing Crypto Products Come Into Question As Market Deflates
Nexo has come under the radar for its high-yield-bearing crypto products when the broader market remains weak. The concerns come a month after the co-founders assured that the platform is solvent. especially considering the recent collapse of crypto exchange FTX.
Crypto analyst Dylan Leclair questioned how Nexo is managing higher yields of 10% while “every counterparty in the crypto space has blown up,” His argument is based on Nexo’s rate of return against the yield of treasury bills and the average decentralized finance (DeFi) market. According to the analyst, it could also be said about any other company in a similar position.
Source
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