Nexo's business model

Good morning,

I really appreciate some good due diligence or a nice discussion but using out of context numbers and including a lot of doom doesn't make any substantial Analysis. It's just spreading fear and doubt.

First of all, Nexo survived the 2018 bear market that was magnitudes worse. Furthermore Credissimo is a established bank that is related to Nexo.

Now about the business model:

Nexo earns off spreads, provides liquidity and interest based on loans that are overcollateralized. Always been this way and worked very well.

Interest rates start at 13-14% for loans and yield for stables top out at around 10%. There are some special offers with higher yields but Nexo is known for adjusting rates if needed.

Nexo was always careful about regulation and has several registered licenses the countries they operate. European countries are not weak on regulation and if you want to operate there you have to comply why Nexo always did. In the US Nexo stopped their earning program due to regulatory uncertainty since Nexo is not chasing short term gains but wants to establish themself long term.

Furthermore Nexo was a first mover of funds attestation (a real audit is planned). Nexo is not depended on several funding rounds and VC like others (FTX etc.) because they actually have an established business model and generate positive cash flows.

Here you can read more details about the business model explained in depth:

https://twitter.com/Nexo/status/1597268175598813186?t=JOFhCzR54q8eWxKLdcIh3A&s=19

I don't want to shill Nexo at all. Please everyone that feels uneasy withdraw your funds and go into self custody.

However, I hate stupid FUD that is solely based on "if the others go down Nexo will too". At least provide some actually due diligence or analysis and bring clear arguments.

No one has to believe me and everyone should do his own research but the whole crypto market suffers by FUD that can't be backed up with numbers or facts.

With a master in finance and a job as an analyst in one of the top 6 banks in Europe I can't stand random shill or random doom without an extensive analysis.

Lastly, I want to stress again i don't wanna shill Nexo and everyone that feels uneasy should withdraw their funds but let's have a discussion based on facts and not feelings.