What are the risks?
We simplify access to the blockchain-based lending platforms. Our system effectively lets you deposit cash to them directly to earn interest. The good news: borrowers on these platforms typically provide more collateral than the actual size of their loans, so they should always be able to pay them back. But it’s never fully risk-free.
The main risks of earnings on Nash are:
- Hacks of smart contracts belonging to Nash or the crypto earnings protocols
- Large exchange rate fluctuations between your national currency (e.g. EUR) and the stablecoins deposited to crypto protocols (e.g. USDC), which underlie the ‘aTokens’ purchased by Nash users
- Stablecoins might lose their peg and become less valuable than the represented national currency (e.g. USDC becomes less valuable than USD)
It’s important to review these risks when deciding if Nash is the best savings app for you.