Good question! Sounds like the topic for another article that I’d have to research for.

I know for Nexo and Finblox, funds are insured. I also know it’s a dumb idea to put all of one’s eggs into one basket. So when people say they’ve lost their life savings, I am both sympathetic, but also question their decisions.

For me, I currently only have about $1000 bucks in Finblox and it’s all from ApeSwap and Animal Farm yield .. none of my hard earned money. In a single day, I had earned more interest at 12% APY on $1,000, than on $13,000 in my brick-and-mortar 0.01% APY savings account after 1 whole month.

I look upon Finblox and Nexo for a place to put idle assets and not to take loans out against my own collateral, that could result in liquidation or margin call.

Instead, I hold stablecoin on Finblox and have my funds diversified among IRA, trading account, forex account, 401(k), crowdfunding, Nexo, Coinbase , Finblox, and of course, DRIP, AF, and ApeSwap. Experimenting a little with Tomb.

I will look into how Finblox protects funds more and see how it compares with Celsius. Thanks for reading!!