Lending Rate Update 🧮
Weekly lending rate updates on CeFi & DeFi platforms.
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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.
Earning Yield on ETH
Last week I compiled a list of farms for stables. This week I’ll show you a few places to earn yield on your ETH. The highest I’ve seen on CeFi platforms is 8%, but on DeFi protocols the yields can get into the triple digit range. Many of the protocols I’ve listed below have been operational for months, but that doesn’t remove the risks. Caution advised.
Binance Smart Chain
Alpaca
ETH 25%
Autofarm
beltETH 15%
iETH 6.58%
Harvest.finance
ETH 2.82%
bETH 6.05%
Polygon
Aave
WETH 3% APY
Polywhale
WETH 43% APR, 4% DEPOSIT FEE
Polycat
WETH 80% APR, 4% DEPOSIT FEE
Eleven.Finance
WETH 182% APY, 4% DEPOSIT FEE
Polyzap
WETH 36% APR, 4% DEPOSIT FEE
Polycake
WETH 34% APR, 4% DEPOSIT FEE
Ethereum
Harvest
ETH 4.93% APY
CRV:STETH 7.37% APY
Alpha Homora
ibETH 5.28% APR
Stacker
ETH 17%
Borrow Against Yield Bearing BTC Token
Badger created ibBTC, which is a yield generating tokenized BTC position. You can hodl them in your wallet and they’ll automatically accrue interest using the Curve vaults. You can also buy them off the market on SushiSwap or you can mint them directly on Badger.
Ruler Protocol recently add support for ibBTC which means users can now borrow against their ibBTC tokens. Ruler is a lending protocol that provides users with fixed rate non-liquidatable loans. This means while your ibBTC is earning interest you can also borrow money against it.
The borrow rate is only 3.5%, which means you can borrow DAI and use it to earn yield elsewhere. If you take a look at the list of stable farms I sent out last week, you’ll realize double digit yields are very common. In theory you should be able to farm with your DAI and return the funds before the due date. Net result, while earning 3-5% on BTC you can borrow against it to earn double digit yield on stables. Additionally, you could sell your earned stables for more ibBTC to increase your borrowing power for the next loan. The possibilities are limitless.
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