Nicely that did not take lengthy. BlockFi already hedging on their 6.2 APY charges.

From their latest blog posting:

Beginning April 1st, solely BIA balances of as much as and together with 25 BTC or 500 ETH (equal to roughly $100,000 and $70,000 respectively) will earn the 6.2% APY rate of interest. All balances over that restrict will earn a tiered charge of two% curiosity. To make clear, when you had 25.5 BTC in your BIA account, the primary 25 BTC would earn curiosity at 6.2% APY and the remaining 0.5 BTC will earn curiosity at 2%. Moreover, on April fifth, we can be including a flat withdrawal charge of 0.0025 BTC and 0.0015 ETH.

Sorry, hedge funds. No 6% curiosity for you.

submitted by /u/AstarJoe

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