$105,600.00
2.65%$2,435.20
5.87%$2.20
7.27%$642.86
2.07%$143.74
3.49%$0.999918
0.01%$0.273907
0.62%$0.164254
4.69%$2,435.79
5.91%$0.583083
5.44%$105,517.00
2.70%$37.44
1.73%$2,938.28
5.90%$2.77
6.31%$13.36
10.46%$453.16
-0.26%$9.06
-0.12%$0.2477
5.45%$18.06
5.21%$0.999876
0.00%$2.89
1.69%$48.04
0.42%$0.0000116
4.25%$0.153552
9.19%$84.68
2.26%$2,434.81
5.85%$2,607.93
5.86%$1.00
-0.08%$316.01
5.02%$1.00
0.00%$3.44
5.16%$4.29
5.60%$105,558.00
2.64%$7.05
7.22%$0.0000099
6.87%$0.537451
4.79%$263.84
9.22%$1.18
0.04%$4.91
19.93%$346.22
6.73%$49.91
-2.36%$1.00
0.00%$2.18
8.41%$1.056
0.00%$4.92
4.91%$0.084067
3.49%$173.86
3.28%$16.38
2.87%$0.770951
10.65%$28.89
5.84%$0.999335
-0.24%$0.608225
3.14%$16.31
-1.37%$0.074264
8.22%$4.43
-0.30%$4.06
3.64%$9.19
3.84%$0.02134563
5.93%$0.084451
6.09%$105,513.00
2.30%$0.668047
8.03%$3.19
9.30%$0.181573
4.15%$0.266379
6.72%$0.321358
12.40%$0.18183
7.88%$2.30
6.26%$0.277748
26.88%$0.998293
-0.25%$0.914599
6.70%$4.36
2.01%$2,434.18
5.72%$0.999872
-0.04%$100.06
8.80%$11.02
1.09%$151.92
3.20%$0.999806
-0.04%$1.31
11.55%$0.410792
11.67%$0.205726
4.75%$1.19
0.69%$0.0171697
3.95%$2,774.90
5.88%$11.58
14.87%$2,549.90
5.90%$1.61
9.06%$0.000014
8.90%$0.335876
14.14%$1.61
7.63%$1.00
-0.01%$1.019
3.26%$0.663963
11.42%$0.999691
-0.03%$0.557951
6.69%$0.060052
6.16%$0.999704
-0.04%$2,603.88
5.93%$2,556.40
5.94%$105,510.00
2.73%$1.11
0.01%$3,341.70
-1.66%$642.44
1.99%$2.96
-6.86%$106,054.00
3.20%$0.841929
13.80%$3,322.12
-1.79%$2,555.98
5.82%$0.082836
8.24%$105,818.00
1.81%$0.505504
2.85%$0.419158
6.08%$0.568314
2.83%$160.46
3.19%$111.54
0.02%$2.09
-0.04%$186.92
3.36%$0.00007304
8.86%$0.840608
5.68%$2.19
3.57%$2,631.42
5.97%$42.44
6.68%$0.681023
7.83%$0.998382
-0.06%$0.01014908
0.03%$0.01351032
14.94%$0.716042
6.50%$1.088
1.38%$0.01405107
6.15%$18.83
6.06%$0.25455
4.34%$0.161902
5.50%$30.71
2.05%$0.00967274
8.56%$0.997738
0.02%$0.228415
3.43%$105,111.00
2.92%$0.0000006
3.85%$0.547265
17.66%$1.96
1.23%$3.50
4.87%$0.417158
4.32%$0.530552
3.74%$105,462.00
2.75%$0.096105
6.02%$37.35
2.06%$2.04
5.02%$2,431.64
5.78%$2,436.22
5.98%$0.526508
4.60%$0.32869
3.74%$105,500.00
2.56%$2,560.11
6.55%$2,599.24
5.75%$0.01475034
8.75%$0.259893
3.88%$0.998981
-0.00%$0.61949
6.45%$1.37
5.27%$0.999911
-0.02%$2,438.65
6.04%$0.417919
-0.78%$7.72
-1.58%$0.999899
0.01%$46.72
0.74%$37.50
2.49%$0.999495
-0.03%$0.059792
-2.15%$1.39
10.33%$0.162171
0.54%$0.164091
4.53%$0.04211382
10.13%$2.26
0.84%$0.413815
10.57%$1.091
0.01%$0.986388
-1.76%$0.0000004
0.77%$1.00
-0.03%$0.00432258
18.81%$0.334396
14.49%$5.59
5.46%$1.00
0.01%$2,433.56
5.85%$13.64
5.84%$0.115155
5.93%$0.00664663
9.54%$0.00001898
4.22%$2,587.01
5.90%$0.498638
6.76%$2.25
4.36%$0.00365416
26.54%$0.00000093
7.91%$0.967657
7.62%$0.505279
3.13%$0.070854
7.69%$0.00415009
3.46%$0.354789
8.89%$1.15
7.58%$0.03575703
3.09%$1.43
6.87%$0.347539
0.34%$0.165054
1.13%$1.20
3.91%$0.03528862
4.43%$2,683.26
5.79%$5.02
-0.38%$0.13131
4.69%$105,238.00
2.50%$19.77
0.89%$104,894.00
1.45%$1.00
0.00%$2,663.10
5.89%$0.0167408
0.94%$0.999238
0.02%$2,430.26
5.66%$0.998702
-0.14%$156.50
3.41%$0.00005536
2.87%$0.03039303
1.02%$1.11
6.76%$0.743345
6.42%$1.00
0.05%$10.00
2.00%$2,435.58
5.98%$0.04542282
8.89%$0.699989
0.82%$0.444475
4.19%$109.69
4.21%$0.00341719
5.10%$0.06184
7.19%$0.289262
5.21%$105,252.00
2.56%$0.619498
15.05%$18.07
4.93%$0.00524676
10.10%$0.604591
5.85%$1.004
0.15%$1.67
-0.40%$102,329.00
0.84%$1.20
0.41%$0.181514
4.23%$1.016
-0.04%$0.00000129
-3.54%$2,119.18
2.67%$102,510.00
2.36%$6.07
7.17%$0.180857
3.88%$0.00364555
9.44%$19.85
4.50%Reading
The cryptocurrency space is still largely dominated by the original king of crypto in Bitcoin, but a few newer entrants have carved out strong followings of their own. Among them is Chainlink (LINK), which had a monster year in 2020, skyrocketing in price by over 500%.
Now, investors in Chainlink have a new way to earn interest on their holdings.
Crypto lending firm BlockFi has paid out more than $20 million in interest on deposits of BitcoinBitcoin and EthereumEthereum. Tomorrow, the firm will add Chainlink as a new deposit option to earn yield.
It’s happening, @chainlink Marines: Starting March 2, you can earn 5.5% APY in crypto on your #LINK with BlockFi. RT to spread the word.
— BlockFi (@BlockFi) March 1, 2021
BlockFi announced the news via Twitter today, indicating that it plans to offer up to 5.5% APY on LINK deposits. Interest on those deposits will be paid in Chainlink tokenstokens.
BlockFi, founded in 2017, offers interest of up to 8.6% APY on different cryptocurrencies including Bitcoin, Ethereum, and Litecoin, as well as deposits of dollar-pegged stablecoinsstablecoins such as Tether (USDT) and Centre’s USDC.
To generate yields, BlockFi lends out deposited assets to business clients and other institutional-grade investors. BlockFi also manages an over-the-counter Bitcoin trading desk and recently filed documents with the SEC to launch a Bitcoin Trust similar to existing offerings from leading digital asset management firm Grayscale.
Chainlink provides a network of “oracles,” or external data providers supplying information on asset prices and other variables to smart contractssmart contracts, automated blocks of code that run using blockchainblockchain networks like Ethereum. Smart contracts rely on oracles to provide data about off-chain events, making Chainlink (and competing oracle providers like API3) a critical part of operating decentralized financedecentralized finance protocols.
Decentralized finance, also known as DeFi, represents a collection of protocols designed to replace the products and services typically offered by banks and other financial institutions with blockchain-based equivalents. DeFiDeFi users can get loans, swap assets, and earn interest on crypto deposits, all without relying on a centralized third-party to facilitate the activity.
Both BlockFi and Chainlink experienced explosive growth in 2020, with BlockFi’s assets under management increasing 1,500% to more than $4 billion. On top of the 500% jump that LINK enjoyed last year, Chainlink prices have continued to go up in 2021: the asset is up 140% since January 1.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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