We're pleased to offer the ‘Passive Rewards’ Account feature to eligible Blockchain.com users.
The Passive Rewards Account is a crypto storage facility within your Wallet that earns rewards on the amount you transfer and store in it.
Any funds you transfer into the Passive Rewards Account (referred to as “Eligible Reward Assets”) will begin earning rewards at a compound rate. When you’re done storing your crypto in the Passive Rewards Account, you can withdraw it along with any rewards earned over that time to your Blockchain.com Account.
We can offer a competitive rewards rate to users who transfer and hold crypto with us. We do this by lending crypto deposits out to select, rigorously vetted institutional and/or sophisticated borrowers who have established track records at a slightly higher rate.
This rate makes up a larger piece, which is returned to you as rewards, and a smaller amount which covers our operational costs and allows us to improve our products for our users.
Disclosure: Ownership of Assets in Passive Rewards
In order to enable us to use or invest Eligible Reward Assets to generate rewards, as described above, when you transfer of Eligible Reward Assets to your Wallet Reward Account, you transfer to Blockchain.com all rights, title and interest in and to such Eligible Reward Assets with all attendant rights of ownership. When you opt out of Passive Rewards, these Eligible Reward Assets are returned to your ownership. For further information, please see our Blockchain.com User Agreement.
Please also note: The Passive Rewards Account is not a bank deposit and is not backed by any governmental deposit protection regime. Your rights in connection with the Rewards Account are governed by the contractual relationship you enter into with Blockchain.com via the User Agreement.