4.2.0. CeFi Lending Platforms
CeFi Lending Platforms refer to those platforms that set up and control the interest rates and all other mechanisms of crypto lending. As such, interest rates on these platforms are stable.
Reliable CeFi platforms are registered with central authorities such as government agencies, and many of them require KYC (Know Your Customer) documentation for you to use their services.
Common good CeFi lending platforms (as at the writing of this manuscript) are:
(1). YouHodler (2). Yield App (3). Wirex
(4). SwissBorg (5). Nexo (6). Kukoin
(7). Kraken (8). Crypto.com (8). Binance
The interest rates on these CeFi Lending Platforms can be as little as 4% APR or more than 25% APR. On average, the interest rates are still much more than what you get from depositing your fiat money in a bank.
Table 3 shows the different interest rates as at the writing of this article that you will get when you deposit your crypto in some of these CeFi lending platforms.
