March 22, 2022

Nexo — NFT Lending and High Yield Savings

Kevin is joined by cryptocurrency lending platform Nexo co-founder Antoni Trenchev to discuss how the company is able to offer its clientele such high interest rates, the pros and cons of federal regulation over digital asset...

Kevin is joined by cryptocurrency lending platform Nexo co-founder Antoni Trenchev to discuss how the company is able to offer its clientele such high interest rates, the pros and cons of federal regulation over digital assets, the utility of the NEXO token, and how people can earn crypto by lending their NFTs.

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NOTES

  • What is Nexo? [00:35]
  • Nexo's current and future products. [02:55]
  • How is Nexo able to offer such high interest rates to its clientele (while traditional banks offer virtually nothing)? [06:16]
  • The pros and cons of federal regulation over digital assets. [10:41]
  • When will Nexo be able to once again offer its Earn product to US customers? [12:50]
  • What are the mechanics behind the way interest is earned at Nexo? [15:26]
  • Thoughts on the stability of TerraUSD (UST) and Anchor Protocol. [21:23]
  • What is the utility of the NEXO token, and where can it be purchased? [23:04]
  • How does Nexo's NFT lending program work? [28:43]
  • What do rates for lending NFTs look like today? [37:00]
  • How does Nexo ensure a lent NFT remains safe in its custody? [39:35]
  • How much does something like trait scarcity play into the value of an NFT from a lending perspective? [42:12]
  • Will Nexo get involved in other aspects of NFT trading? [43:41]
  • How does the Nexo card work? [45:17]
  • Because Nexo isn't (yet) a household name in the United States, Antoni shares a little background about the company. [51:16]
  • Parting thoughts. [56:48]