Investors shifting toward lower-risk crypto yields: Block Earner GM

cointelegraph.com:

Block Earner, an Australian fintech company, says the fall of Terra Luna in May has led to “positive surprises” for his company, with investors beginning to find their way toward the lower-risk crypto yield products they offer. 

Speaking to Cointelegraph, the company’s general manager Apurva Chiranewala revealed that the company has seen a surge of investors previously seeking double-digit returns but now wants a “less risky version” of those returns.

Before their collapse, crypto lending platforms such as Celsius and Anchor Protocol offered annual percentage yields (APYs) of up to 20% for users who locked their digital assets up with them.

Block Earner is a blockchain-powered fintech company that allows access to crypto-related yield-generating products. Still, Chiranewala explained the platform is aimed at those that want exposure to the crypto markets but have a lower risk appetite.

Its Gold Earner and USD Earner products currently generate single-digit yields.

Data shared by Block Earner to Cointelegraph shows that the Terra Luna fiasco coincided with an increase in withdrawal events at the beginning of May and again in mid-June due to the fall of Celsius. However, there’s been a steady return to normal levels since.

Australian dollar (AUD) cash deposits have also remained steady over the April to July period, while the company’s user base has increased an average of 15% month on month.

Chiranewala also stated that over the last few weeks, he had seen a “high degree of interest” from institutional investors, including hedge funds, venture capital (VC), and superannuation funds (retirement funds).

“There are VCs with treasuries, there are hedge funds, there are private funds [...], and then there are super funds that