Earning in-kind versus in-CEL
Celsius Network allows depositors to earn reward interest in 2 ways: in-kind or in-CEL. Both have benefits. You decide!
If you decide to earn in-kind, your reward interest will be paid out in the same asset type as your deposit asset.
For example, if you deposit BTC and choose to earn in-kind, your weekly reward will be paid out in BTC as well. So you accumulate more BTC with time.
An advantage when earning in-kind is that the only variable in your rewards is the weekly interest rate (APY).
If you deposit a stablecoin like USDC, for example, you can choose to earn in-kind in order to earn more USDC. As USDC is pegged to the USD, you’re essentially earning exponentially more than depositing USD into a bank savings account.
For users who wish to earn in-CEL, your reward interest will be paid out in CEL, the native token of the Celsius platform.
For example, if you deposit BTC and choose to earn in-CEL, your weekly rewards in BTC will be converted to CEL. So you accumulate more CEL with time.
Accumulating more CEL is an advantage if you believe in Celsius long-term and think that CEL is underpriced.
This option has another HUGE advantage: you can earn up to 25% more in APY depending on your Rewards Loyalty Tier. This compounding effect plus extra APY rewards will make a huge difference in your ROI over time.
* Please note that US users are unable to earn in-CEL. However, accredited US users may be able to earn in-CEL by the end September 2021.