latest update “Earn 4.1% APY on up to 500 ETH”

If you’re going to put money into which being hold on gemini cold wallet, then why not just convert your coin to GUSD gemini coin and get a whopping 8% apy? since your coin will be locked you cannot withdraw easily and if something happened like hacking both coins will get impacted, so why not just GUSD and 8%? unless you’re thinking ETH BTC value is better in long term versus GUSD is a stable coin and it does not change, so if you invest $100 you will get straight 8% off of $100 while invest with BTC ETH you get the BTC ETH coins and that coins may go up in value, is that what you’re thinking?

On Monday, November 11, 2019, 02:18:22 PM EST, BlockFi Product Updates [email protected] wrote:
Now earn 4.1% APY on up to 500 ETH
We’re happy to announce an ETH tier limit increase. You can now earn 4.1% APY
on up to 500 ETH. We hope this provides BlockFi clients with more earning opportunity. Our new rate tiers for ETH are as follows:
Tier 1: 0-500 ETH – 4.1% APY
Tier 2: > 500 ETH – 0.5% APY
Please note, this change to the top tier will be applied retroactively to November ETH interest payments, where applicable. More information about our rates can be found here.
If you have any questions about our rate changes, you can reach out to [email protected] or call +1 (646) 779-9688.
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*All USD values are based on the current price available from Gemini
Disclaimer: This is a marketing email developed as marketing material for the BlockFi brand. Some of our emails may contain marketing links, which means we will receive a commission for purchases made via those links. Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. All collateral is deposited in to Gemini.
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