In the fast growing world of DeFi—short for decentralized finance—it’s common to hear of traders earning double digit interest rates when they lend out their crypto. For ordinary investors, who are lucky to earn even a 1% return in traditional financial markets, the prospect of such yields is tantalizing. But unfortunately, for most people, the DeFi world is a highly technical place and the platforms where traders earn those high yields, such as Compound and Maker Dai, are too technical to use.
That’s why the arrival of a startup called Element is so intriguing. Backed by blue chip investors and a team of respected DeFI veterans, Element says it has built easy tools for anyone to lend out Bitcoin or Ethereum, and earn the high yields that experienced crypto traders have been collecting. On Wednesday, the startup announced it had raised $4.4 million in a seed round led by Andreessen Horowitz and Placeholder.
Element, which touts itself as the first DeFi firm to offer „fixed yield, n
Źródło: https://decrypt.co/63464/element-raises-4-4m-to-offer-high-yield-crypto-loans
