Lending Rate Update 🧮

Weekly lending rate updates on CeFi & DeFi platforms.

Jul 03, 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.

Blockfi

After slashing rates in the last week, Blockfi added the following assets to their interest account product:

UNI 3.75% APY
DAI 8.5% APY
BAT 3.65% APY

They were the first Cefi to platform to provide a bitcoin cashback credit card without an annual fee. Here are a few additional benefits for Blockfi users who decide to get a card.

Celsius Network

Their recently released a new promo code: PAXG60. This code provides users with a $60 bonus in PAXG if they deposit $400+ in PAXG tokens, for more details click here. Prior to this they released a similar code offering $60 in UNI to users who deposit $400+ in UNI tokens. Additionally, they added support for BNT and BNB. All users can earn 6.92% on their BNT tokens and non-US users can earn 8.42% on their BNB.

Kyber Network on Polygon

In this weeks Alpha Leak, I talked about Kyber’s new Dynamic Market Maker expanding into Polygon. They’re offering liquidity mining incentives for 2 months but rewards will be subject to liner vesting for 30 days.

ThorStarter

The Strategic Sale just ended in 2.5 hrs and the public sale will go live on 7/3 at 1400 UTC. To incentivize liquidity provision, they’re going to offer 400% APY for all LP positions and 20% for single-sided staking.

Single-side 20%
Thorchain LP (XRUNE-RUNE) 40%
SushsiSwap LP (XRUNE-ETH) 40%

Only the Thorchain LPs will be eligible for impermanent loss protection after 100 days. These rewards will decay to about 50% in 1-2 months. One way to put these rewards to productive use is by investing them into upcoming intial dex offerings (IDO’s). Skyrim Finance and two other ThorFi projects, for an upcoming launch, will be shared with the community in the next few weeks.

If you weren’t able to participate in the Strategic Sale, the public sale is your second chance. Given the Strategic Sale sold out within 2.5 hours, we may see strong demand for the public sale.

EvoDefi

The main service people utilize is the Polygon-BSC bridge. However, they also offer lucrative yields on stablecoins.

Unfortunately they charge a 4% deposit fee. With an APR of 20%, you would have to wait 20 days before becoming profitable. I would at least book mark them for their bridge. It’s good to have alternatives in case your primary bridge goes down.