I appreciate Nexo's user-friendly platform for borrowing and lending cryptocurrencies. The high loan-to-value ratios are also attractive, as they allow me to access funds without selling my crypto holdings. Additionally, as a NEXO token holder, I enjoy the benefits of discounts on interest rates, profit-sharing, and priority access to new features.
However, I do have some concerns about the centralized nature of the platform and the potential counterparty risk associated with borrowing from Nexo. Additionally, the limited selection of cryptocurrencies available for borrowing and lending is a bit of a downside. Finally, the regulatory uncertainty surrounding the platform and the broader cryptocurrency lending industry is something to keep in mind when using Nexo. Show Less
