Mat Damon 1 0r7im9 Cuts Earn Rates Again; Returns On Stablecoin Deposits Are Down Upto 8%

Crypto investors were frustrated as slashed the rate of returns it offers on token deposits. The latest cut, which is the platform’s second such reduction in March, was announced earlier on Saturday with no prior notice.
Saturday’s cut brings the flexible returns offered by on popular tokens such as Bitcoin (BTC) and Ethereum (ETH) down to 0.5% from between 1.5% to 2%. Returns on larger amounts, particularly on stablecoins, were effectively halved to 4%. said the new rates, which are lower than the ones it had outlined earlier in the month, would be effective immediately, and that pre-existing deposits will not be affected. In its announcement earlier this month, the platform had said its planned rate cuts would go into effect from April 4.
The latest cut also brings returns offered by lower than those seen on other major platforms, including Celsius and BlockFi.
Crypto holders not pleased
Users took to social media to express their frust

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