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Youhodler

RJ123
Archived posts: 2
Joined: Mar 30, 2022

Youhodler

by RJ123 · · Post #32458

Youhodler is offering competitive saving rates with no caps:
USDC 12%
BTC 4.8%
ETH 5.5%

Does anyone have an opinion on the riskiness of Youhodler?

I really appreciate that the "earning crypto interest" guide gets updated every so often. Would love a review of Youhodler!
Steve Sokolowski avatar
Steve Sokolowski
Archived posts: 4559
Joined: Aug 27, 2014

Re: Youhodler

by Steve Sokolowski · · Post #32463

RJ123 wrote: Youhodler is offering competitive saving rates with no caps:
USDC 12%
BTC 4.8%
ETH 5.5%

Does anyone have an opinion on the riskiness of Youhodler?

I really appreciate that the "earning crypto interest" guide gets updated every so often. Would love a review of Youhodler!
Those rates seem too good to be true. Without having investigated the site - and perhaps after investigation I would find something different - I would be cautious about this site.

The rates at Genesis, which is the lender of last resort, have been trending down, and the rates at their direct lenders, like Ledn and Gemini, have been falling to below 1.5% for BTC. If a company is offering more than 1.5%, they are almost certainly doing more with the money than simply re-lending it.