Lending Rate Update 🧮

Weekly lending rate updates on CeFi & DeFi platforms.

Jul 17, 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.

Saber

A relative newly farm on Solana is offering juicy rates on BTC, stables, and LUNA. The protocol initially launched as a StableSwap but now has become Solana’s fist automated market maker optimized for pegged assets. I haven’t started farming yet but plan on depositing some LUNA.

Planet Finance

This protocol was introduced last week but we haven’t seen much capital flow in. It appears most participants are reluctant to try their luck on newer protocols especially on the Binance Smart Chain. I decided to deposit a few bucks on the platform because team has been building and delivering despite the “crab” market. Also, they chose to get audited by Halborn Cybersecurity. Projects audited by this firm haven’t had a hack to date.

Generally speaking, during the bear market of 2018-19 I invested in projects with strong teams. Teams who continued to build despite poor market conditions. It resulted in a few 100x investments. I’m not expecting the same gains here, but I’m hoping to take advantage of the competitive stablecoin yields while they last. Since most whales won’t touch this protocol, the current yields might be sustainable for a few months.

They recently launched a “shitcoin” farm. They yields are displayed in APY.

Swamp Finance

This protocol originally launched on the Binance Smart Chain as an auto-compounding protocol. At it’s peak it hit a total value locked (TVL) of $100M and currently sits at $40M. They launched on Polygon and already have a TVL of $20M. They take a 4% management fee but provide a bonus yield paid in the pSWAMP token. They’ll impose a deposit fee after the first 24 hours so make sure to factor that in.

Bitrue

Most people know about Celsius, Blockfi, and Crypto.com. However, for many Bitrue is a new platform. A few of my private clients having been using the platform for months to earn a yield on their USD stablecoins. Currently they’re earning 10.8% APR and could earn 12.96% by holding at least $10K worth of BTR. Even without the bonus, 10.8% is very competitive amongst CeFi players.

Omsosis

The Akash team is providing additional liquidity mining rewards for AKT LPs. This is includes both the OSMO and ATOM pools. This isn’t a substantial boost but you’ll receive these rewards in addition to your OSMO rewards.

Upcoming Farms

Flare Network: They aim to launch in the next couple weeks. The DeFi protocols will likely launch with FLR and XRP pools. If you were eligible for the FLR airdrop, this is the best way to put those assets to work. With most new retail participants gone, I’m hoping for sustainable yields until they return.

Sifchain: They’re going to support the first stablecoins in the Cosmos ecosystem. I suspect they’ll also attempt to bootstrap liquidity by offering liquidity mining rewards. All the tokens are paired with ROWAN so we could see the token give a relief pump on launch.