BlockFi
BlockFi was a centralized lending platform that offered interest accounts, crypto-backed loans, and trading services. Users could earn passive income on deposits like BTC, ETH, and stablecoins. However, after financial trouble tied to the FTX collapse, BlockFi filed for bankruptcy in 2022 and has since suspended most of its services. It was once a leading CeFi platform before regulatory and solvency issues.
| BlockFi | |
|---|---|
| Lending & Borrowing Options | Centralized Lending & Borrowing |
| Supported Assets | BTC, ETH, Stablecoins |
| Interest Rates (APY) | Fixed (2–9%) |
| Collateral Required | Yes (over-collateralized) |
| Security Measures | Cold Storage, Insurance |
| Fees | Low Withdrawal Fees |
| Ease of Use | Beginner to Moderate |
| Availability | Limited regions |
| Liquidation Threshold | 50-70% LTV (varies by asset) |
| Platform Type | Centralized Exchange |
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