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.
Blockfi
Blockfi has finally delivered on a bitcoin cashback credit card. It has an annual fee of $200 however this can be offset by their bonus offer. If you spend $3000 in the first three months you’ll receive $250 paid in bitcoin. Any bitcoin you earn will get directly deposited into your Blockfi interest account. Click HERE to find out more details and sign up for the waitlist. The card is scheduled to be released in early 2021.
Voyager
Voyager is planning to change their current tier model in preparation for their debit card release. Here’s another option for individuals looking for an alternative to Crypto.com. Watch my recent video if you want to learn more about Voyager’s new tiers.
Nexo
Consider giving Nexo a trial run to take full advantage of their new promo. For the month of December you’ll earn 3x the bonus on BTC deposits if you sign for an account. Check out my Nexo playlist if you’re interest in learning more.
88mph
You earn a total yield of approximately 68% if you deposit your yCRV into a 7/14/365 day fixed term. This a new DeFi protocol which hasn’t been fully audited. However, there is an audit planned for this month. The team behind this project is top notch and are working to integrate a unique product into the DeFi ecosystem. Floating rate bonds are often the precursor to structured products. I anticipate to see a lot more synergy with other projects in the coming months. In fact, they’re planning to bring a new product market with Aave in the near future.
Do note that you must forfeit your interest gains if you should decide to prematurely withdraw your deposit. Although if you lock your rate for a year, you’re guaranteed the 68% APY. Since most the interest is paid in MPH tokens you’ll also benefit from any token price appreciation. It’s almost as if you’re dollar costing averaging into MPH.
Notable Tweets
This is part of the FREE subscription package that goes out to hundreds of investors. I also have a paid subscription package which includes exclusive content and insights. To really get the most bang for you buck, check out my bundle packages through Patreon.
For a limited time I’ll also be offering an option to pay in DAI. Using this method you’ll get an annual subscription for only 50 DAI.