I've been talking about NEXO for awhile now and did a video last year about it.
https://www.youtube.com/watch?v=gyTKYhXxHMg

In a very quick explaination, NEXO is a platform where you can store some of your crypto there as collateral and then take a loan on it. There were a few times when I wanted to sell my ETH when it was only at $200 however I decided to use NEXO place my ETH as collateral and then take a loan on it.

Now when the price of ETH has gone up now way over $600, I'm glad I did that as I just need to repay back the loan I took which was $500 and then it releases my ETH which is also now gaining daily interest.

Cool eh ... and if you hold some NEXO token, the interest you gain is actually higher. Of course not to forget that the price of NEXO has gained closed to 340% in price over the past 1 year.

https://www.coingecko.com/en/coins/nexo

Give it a try if you are interested in collaterizing your cryptos. Don't sell it .. who knows what the price would go up to.

https://nexo.io

Cheers all and have a great weekend !

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