Lending Rate Update 🧮

Weekly lending rate updates on CeFi & DeFi platforms.

Feb 27, 2021

Hi everyone,

Click here to access the interest rate tracker. It’s been updated so you can see the best rates offered among the various lending platforms. Also, please consider signing up for new platforms with the referral links posted by the moderator. He updates and maintains the excel spread sheet. I’m sure he’d greatly appreciate it.

Pangolin Exchange

This is the first AMM to launch on Avalanche. It supports some of most popular DeFi assets from Ethereum. Unlike the DEX’s on Ethereum, Pangolin delivers fast settlement, low transaction fees, and a democratic distribution. By being an early liquidity provider you can earn fat triple digit yields. Given the popularity of DeFi, we are likely to see more financial primitives come to the Avalanche ecosystem. Set up your wallet and get involved today if you want a head start.

Slime Finance

This another fork of Pancakeswap, however unlike other forks this protocol charges deposit fees. The deposit fees are used to buy Slime and burn the tokens. This adds supply constraints and perpetual buying pressure. In theory this should help prop up the price of the token. They’re are currently waiting for a Certik audit and have plans to introduce a NFT marketplace. This is still a very high risk project, but I’ve decided to allocate a small portion of my capital.

Pancakeswap

In an effort to lure in liquidity from Ethereum, Pancakeswap is offering a juicy yield for the SUSHI-ETH pair. Before getting diluted the yield was above 200%, currently it sits below 70%. In less than two days this pool has over $23 million in total liquidity. I suspect this success will lead to more Defi tokens being listed in the near future.

Sifchain

This is will be one of the first DEX’s on Comos’s IBC. They’ll enable users to trade pegged assets from multiple blockchains. To boot strap liquidity into their pools, they’re offering generous yields to early supporters. To get started you’ll need both the Metamask and Keplr wallets. Simply convert your erc20 assets to its pegged equivalent on Sifchain. Unlike the Uniswap, your pegged asset can be staked asymmetrically. However, you’ll need some ROWAN tokens to cover the settlement fees. To learn more click here.

Bitrue

This exchange offers some of the best yield in the industry. A few users have complained about delayed withdrawals, but I’ve never had an issue with the platform. If you’re going to use this platform, just make sure to plan ahead. This way a potential delay won’t inconvenience you too much. To learn more check out my Bitrue playlist.