BlockFi Adds AVAX to its Stable of Coins You Can Earn Interest On

AVAX, a native token of the Avalanche network, has been listed on BlockFi and will allow users to use it as collateral for loans.

Dean Fankhauser2 min read
BlockFi Adds AVAX to its Stable of Coins You Can Earn Interest On

AVAX, the native token of the Avalanche network, has been listed on BlockFi, a major crypto lending platform.

This listing will allow BlockFi customers to use AVAX as collateral for loans and earn interest on their holdings.

AVAX is the latest in a long line of assets that BlockFi has listed on its platform, which now supports over 50 different cryptocurrencies.

BlockFi's CEO Zac Prince said that the addition of AVAX was part of the company's commitment to offering "the most comprehensive suite of products in the digital asset space."

"We're excited to add AVAX to our platform and provide our clients with even more options to grow their portfolios," Prince said.

AVAX joins other major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple that are supported by BlockFi.

With this listing, BlockFi customers will be able to use their AVAX tokens as collateral for loans of up to 50% of the value of their holdings.

They will also be able to earn interest on their AVAX holdings, at a rate of 6.2% per year.

This is a significant development for the Avalanche network, which has been gaining traction in the cryptocurrency world in recent months.

The addition of AVAX to BlockFi's platform is a vote of confidence in the project and its future prospects.

It is also a sign that BlockFi is serious about expanding its offerings and becoming the go-to platform for digital asset lending.

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