| NAME | CHAIN | PROTOCOL | APY | TVL |
|---|---|---|---|---|
| NEXO-WETH | ETH | uniswap-v3 | 0.08% | $1,698,560.00 |
| NEXO-WETH | MATIC | quickswap-dex | 0.02% | $15,456.00 |
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Nexo is the world’s leading digital assets institution. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients, aggregation of liquidity from leading venues, and tax-efficient asset-backed credit lines. In early 2022, the enterprise launched its investment arm Nexo Ventures, which now boasts over 60 portfolio companies. Nexo has processed $130+ billion for 6,000,000+ satisfied users across more than 200 jurisdictions. The NEXO Token is the platform’s native currency, an ERC-20, Ethereum-based token, that grants holders access to tiers in Nexo’s Loyalty Program. The token, which is traded on the open market, brings a number of advantages, including preferential borrowing rates, cash-back, free withdrawals and better yield rates.
Nexo has a fixed supply of 1 billion tokens, with 560,000,011 NEXO currently in circulation.
Nexo was founded by a team of experienced finance professionals, namely, Kosta Kantchev (Co-Founder & Executive Chairman), Antoni Trenchev (Co-Founder & Managing Partner) and Kalin Metodiev, CFA (Co-Founder and Managing Partner). The company was established in late 2018, following a private token sale, raising $52.5 million. Trenchev in specific, is a frequent guest in some of the most popular fintech and cryptocurrency news outlets, including Bloomberg, CNBC and Yahoo Finance.
The NEXO Token can be bought on leading centralized and decentralized exchanges including Nexo Exchange, Binance, Bitstamp, Huobi, Bitfinex, Gate.io, Bitget, MEXC Global, Uniswap.
Starting out in 2018 as an over-collateralized lending platform, Nexo has branched out services in various digital asset verticals to develop an all-in-one, 360-degree product suite for crypto management. Nexo’s Instant Crypto Credit Lines offer flexibility and ease-of-use when cryptocurrency holders need extra funds. The company’s fully automated lending solution allows customers to instantly obtain loans in over 40 fiat currencies or stablecoins by providing digital assets as collateral to secure the loan, where over 60 supported cryptocurrencies are available as collateral. The platform also offers daily payouts, compounding interest and flexible yields on its Earn Interest product with a zero-fee policy on deposits, withdrawals and top-ups. Nexo also provides the ability to “Swap while You Earn”, where cryptocurrencies earning interest can be swapped for higher-performing assets. Perpetual futures trading is also available on Nexo, allowing users to long or short cryptocurrencies with leverage up to 50x. With risk management tools like trigger orders, users can apply strategies and gain exposure to the price movements of cryptocurrencies via USDT-settled futures contracts. The Nexo Card, launched in partnership with Mastercard, is touted as the world’s first crypto-backed credit card, enabling clients to spend the fiat value of their cryptocurrency holdings, without selling them. Developed with institutional interest in mind, Nexo Prime is the proprietary prime brokerage of Nexo. Nexo Prime delivers institutional, corporate, and high-net-worth investors all the tools necessary to trade, borrow, lend, and securely store their digital assets in a single platform. Nexo’s products have won various industry awards, including the Forbes Business Awards, PAY360 Awards and FinTech Breakthrough Awards. The company celebrates its 5th anniversary in April 2023, as one of the leading retail and institutional lenders in the digital assets space.
Nexo's commitment to security shines through its acquisition of prestigious certifications like ISO 27001, ISO 27017, and ISO 27018, emphasizing its dedication to securing client data and enhancing cloud security. Further bolstering its reputation, Nexo achieves the Cloud Security Alliance's STAR Level 1 Certification and completes a SOC 2 Type 2 audit, affirming its adherence to stringent data privacy standards. Platform security is further enhanced by industry-standard features, including 2FA account login with biometric data, SSL secure connection and a 24/7 customer support team. The company operates a strict, non-negotiable, over-collateralized policy with prudent risk management practices on lending activities to protect its clients and promote a sustainable business model.
Nexo.com Nexo Prime
Blockchain is a decentralized and distributed ledger technology that securely records transactions across multiple computers in a verifiable and permanent way. It forms the underlying technology for cryptocurrencies like Bitcoin and enables transparency, security, and immutability.
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks, typically based on blockchain technology, and facilitates secure and transparent peer-to-peer transactions.
Bitcoin is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It operates on a decentralized peer-to-peer network and is used for secure, transparent, and censorship-resistant transactions.
Bitcoin is the original and most widely recognized cryptocurrency, while altcoins refer to any other cryptocurrencies besides Bitcoin. Examples of altcoins include Ethereum, Ripple (XRP), Litecoin (LTC), and many others.
Staking involves participants locking up a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network. It is commonly associated with proof-of-stake (PoS) and delegated proof-of-stake (DPoS) consensus mechanisms, where participants receive rewards for helping secure the network.
To stake cryptocurrency, you typically need to choose a platform or network that supports staking. Transfer your tokens to a compatible wallet, follow the staking instructions provided by the platform, and lock up the desired amount of cryptocurrency. Once staked, you may start earning rewards.
Staking rewards are incentives provided to participants who lock up their cryptocurrency to support the network. The amount of rewards varies and is influenced by factors such as the network's inflation rate, the total amount staked, and the specific rules of the staking protocol.
The ability to unstake and withdraw your cryptocurrency depends on the specific staking protocol and network. Some platforms may have lock-up periods or unbonding periods during which your staked tokens are inaccessible. Always check the terms and conditions of the staking service.
Staking comes with risks, including the potential loss of staked funds if a participant behaves maliciously or fails to fulfill their responsibilities. Market volatility can also impact the value of staked tokens. It's crucial to thoroughly research the staking protocol and understand the associated risks.
While staking is designed to be a rewarding activity, there is a risk of losing money, especially if the value of the staked cryptocurrency decreases or if the staking protocol encounters security issues. It's important to consider both the potential rewards and risks before participating in staking.
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