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This section is informational. Data comes from public sources and is not investment advice. Digital assets are volatile and may lose value.
About the coin
Lending against crypto collateral is Nexo's core product: the client pledges coins and draws funds without selling the position. The NEXO token sets a loyalty tier that determines the borrowing rate, the reward on balances and withdrawal terms. Custody here is with the company rather than the user, which is the fundamental difference from protocols that operate through smart contracts: in structure Nexo is closer to a non-bank lender than to an open protocol.
A reference description of the project, not investment advice.