Blockfi was great until the changes they continue to make. At first the 6 percent applied to 5 btc or less then it was 3 btc in late 2020.
In 2021 they have already changed the btc amount to 1 and now it's at 0.5 for the 6 percent. After the cutoff, the percentage used to also be 3 percent but now that has changed to 2 percent.
Blockfi is affiliated with Gemini and the winklevoss twins but the way they are continually slashing rates makes them unfavorable imo. Yes it's safe and you'll be made whole in the event of a hack (at least monetarily) but there just aren't enough speculators borrowing against blockfi to short btc anymore. Hence the previous lofty rates.
Also the interest rates have been slashed across the board with eth and ltc over the past few months
In 2021 they have already changed the btc amount to 1 and now it's at 0.5 for the 6 percent. After the cutoff, the percentage used to also be 3 percent but now that has changed to 2 percent.
Blockfi is affiliated with Gemini and the winklevoss twins but the way they are continually slashing rates makes them unfavorable imo. Yes it's safe and you'll be made whole in the event of a hack (at least monetarily) but there just aren't enough speculators borrowing against blockfi to short btc anymore. Hence the previous lofty rates.
Also the interest rates have been slashed across the board with eth and ltc over the past few months