Gemini Earn
gemini.com
Gemini Earn
1–10 of 51 posts
Re: Gemini Earn
#2PROGRAM RISKS
YOUR AVAILABLE DIGITAL ASSETS WILL LEAVE GEMINI'S CUSTODY, AND YOU ACCEPT THE RISK OF LOSS ASSOCIATED WITH LOAN TRANSACTIONS, UP TO AND INCLUDING TOTAL LOSS OF YOUR AVAILABLE DIGITAL ASSETS. Gemini is not a depository institution, and the Program does not offer a depository account. Participating in the Program may put your Digital Assets at risk. Loans made through the Program are unsecured. You have exposure to Borrower credit risk, and Borrowers are not required to post collateral to you or to Gemini. Transactions in Digital Assets may carry added risk compared to lending of other types of assets because transactions in cryptocurrency are in many cases irreversible. Funds may not be recoverable in the event of errors or fraudulent activity.
Re: Gemini Earn
#3Interesting development, and nice to see a growing ecosystem of useful cryoto products.
BlockFi (use my Referral Code 42040b1c) has better rates, but this Gemini Earn has a bunch of "alt coins" not on BlockFi. BlockFi gives you 6% on BTC, and 8.6% on USDC/GUSD. I have a few grand in BlockFi, and it's nice to get ~30/40 a month from interest.
This would be awesome if you want to hold say Filecoin, but also want to earn interest.
Re: Gemini Earn
#4PROGRAM RISKS YOUR AVAILABLE DIGITAL ASSETS WILL LEAVE GEMINI'S CUSTODY, AND YOU ACCEPT THE RISK OF LOSS ASSOCIATED WITH LOAN TRANSACTIONS, UP TO AND INCLUDING TOTAL LOSS OF YOUR AVAILABLE DIGITAL ASSETS. Gemini is not a depository institution, and the Program does not offer a depository account. Participating in the Program may put your Digital Assets at risk. Loans made through the Program are unsecured. You have e…
Awesome! So I can get a 7% return and all I have to do is trust random strangers with ALL of my money.
Re: Gemini Earn
#5PROGRAM RISKS YOUR AVAILABLE DIGITAL ASSETS WILL LEAVE GEMINI'S CUSTODY, AND YOU ACCEPT THE RISK OF LOSS ASSOCIATED WITH LOAN TRANSACTIONS, UP TO AND INCLUDING TOTAL LOSS OF YOUR AVAILABLE DIGITAL ASSETS. Gemini is not a depository institution, and the Program does not offer a depository account. Participating in the Program may put your Digital Assets at risk. Loans made through the Program are unsecured. You have e…
Awesome! So I can get a 7% return and all I have to do is trust random strangers with ALL of my money.
Which is..exactly the same when compared to a bank, a brokerage account, or index fund.
Re: Gemini Earn
#6Earlier quoted context omitted.
Awesome! So I can get a 7% return and all I have to do is trust random strangers with ALL of my money.
Which is..exactly the same when compared to a bank, a brokerage account, or index fund.
A bank, brokerage account, or index fund would have FDIC or SIPC insurance coverage.
Re: Gemini Earn
#7Earlier quoted context omitted.
Awesome! So I can get a 7% return and all I have to do is trust random strangers with ALL of my money.
Which is..exactly the same when compared to a bank, a brokerage account, or index fund.
Aren't most of those institutions bound by certain laws and insurance requirements?
Re: Gemini Earn
#8Earlier quoted context omitted.
Awesome! So I can get a 7% return and all I have to do is trust random strangers with ALL of my money.
Which is..exactly the same when compared to a bank, a brokerage account, or index fund.
Except all of those are insured by the FDIC so there's almost no risk outside of market volatility.
Re: Gemini Earn
#9Earlier quoted context omitted.
Awesome! So I can get a 7% return and all I have to do is trust random strangers with ALL of my money.
Which is..exactly the same when compared to a bank, a brokerage account, or index fund.
those institutions are not lending your money out in uncollateralized loans.
Re: Gemini Earn
#10This is just crypto p2p lending, which is hardly new. Fraud is rampant in this space.