Crypto.com met backlash with their original announced reduced rates. As of a hour ago they have immediately slashed rates a 2nd time. The original rate reduction didn't take into effect until April 4th but this takes effect immediately.
Before they were increasing ETH stake rates from 6.5% to 7%. They have now slashed it down to 4%
Stablecoins like USDC were going for 12% rates. Hell I just locked in the 12% 15 hours ago. They were reducing it down to 10% but with their 2nd rate slash it is now down to 8%.
This is crazy and I don't expect crypto.com to last much longer if they are reducing rates without warning and this fast
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