Thank you shade. I just fixed another xrp deposit and was able to expand the details to see they did refer the interest as compound interest still.
When we open our Nexo app or sign in though it will only show the amount we locked up and no longer the interest. So when they display the value of the portfolio I would assume it is just on our principal lock up amount and not the xrp interest being earned.
I am doing it now because it is just 1 month but I don’t like not seeing the updates and now wonder what my true xrp value is when I log in if they are not posting all the xrp from the interest.
Seems like they had a good thing going but now they are adding some unfriendly features. Lock ups, less visibility.
It’s gets a little scarier when they lock it up and reduce transparency on our xrp. I used to use Credearn to earn on xrp loans. Credearn apparently loaned it out it’s crypto holdings to someone fraudulent and lost the assets. They filed for bankruptcy and the lenders who pledged their digital assets lost them forever! Uphold is actually suing them.
By some miracle, Credearn told me they didn’t have authority to lend in my state and returned all my xrp just a few weeks before everything hit the fan. I moved it into Nexo because of great compounding rate paid in xrp with no lockup’s. Massive improvement. They also insured their wallets where as Credearn only collateralized their loans. I just don’t like when Nexo starts making moves to look like Credearn. Now they want us to lock up our crypto
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