Nexo
$3.77 -1.14%
NEXO · 3w

Understanding loan and interest

I’m currently platinum and holding a loan on some ETH. Still have some USDT which i havent bought anything with yet. By looking at this my interest rate on the loan is about 5% but the interest payback on holding USDT is 12%?? Does this mean i’m actually making money holding the loan of USDT?
Go to self.Nexo
Recent news
NEXO -1.14% · loubagel.com · 21h

Nexo Interest Rates vs Competitors

Comparing crypto interest rates for the month of April, 2021. Added Ledn, Nexo, Swissborg, and Gemini to the three from last month: Celsius, Voyager, and BlockFi