Why BlockFi Interest Rates Continue to Decline

Many were frustrated after Blockfi lowered their interest rates on BTC months ago, and just yesterday they announced a further decline in interest rates on all crypto assets.

Although this may be upsetting to people who had hoped to continously earn high yields on their crypto savings, let’s try to get a better understanding of where this yield was coming from, what the risks are to storing crypto on Blockfi and similar lending platforms, and where interest rates may go in the future.