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.

Celsius Network

• ETH 6.5%

Celsius has been on fire. After raising the rates of Ethereum they now have one of highest rates on the market. Only Bitrue lock up and a few obscure platforms offer slightly higher rates. Remember with Celsius you don’t have to lock up your ETH and the interest compounds weekly. CEL token has been on the rise recently. Last week I reported on the price has breaking out and likely entering price discovery.

This is exactly what we witnessed this week. I remember when the price of CEL token was 3 cents. I bought most my bags there and put buy orders for 200,000 CEL tokens at 0.01 cent. Unfortunately, the buy orders never executed and CEL token today is trading above 70 cents. I missed my chance to turn $2k into $140k. However, I am grateful for the gains I’ve made so far. This is platform has been very good to me and I look forward to coming years.

CRYPTO.COM

No major rate changes to report. However, they have been adding many DeFi coins to their platform recently. Expect to see more coins added to Earn in the coming months. Despite no major rate changes this week they did add new gift cards for US citizens. Now you can spend your CRO Tokens at Amazon and get cashback!

Crypto.com @cryptocom

Up to 2⃣0⃣% back on gift cards including DoorDash, Amazon US, Home Depot, Starbucks US, Best Buy, CVS, Google Play, iTunes and Olive Garden! Available in the United States🇺🇸 #PayEverywhere #CRO

After Binance announced up to 7% cash back on their cards, CDC responded by increasing cash back rewards for private members. Unfortunately no rate increases for the smaller tiers.

• 1 million CRO tokens staked: 5% to 8%

• 100k CRO tokens staked: 4% to 6%

Crypto.com @cryptocom

🚀 Up to 8% back 📲 Credited instantly! 🛍️On ALL purchases 🌎🌏🌍 Most widely available Get your Crypto.com Card now - mco.onelink.me/Bnvq/20f4d8a0 Details - blog.crypto.com/8-percent-back…

In both cases you would need to buy over $170k worth of tokens to receive the highest cash back rewards.

Bitrue

• UNI 5.3%

Instead of selling your UNI tokens, you can earn 5.3% APR on Bitrue. Click HERE to sign up with my referral link.

Bitrue @BitrueOfficial

Whether you managed to claim $UNI for free or traded for it on Bitrue, you'll be able to invest it into our world famous #PowerPiggy later today! Come back to Power Piggy at 14:00 UTC when we'll be opening UNI investments at 5.3% APR. #passiveincome @UniswapProtocol

Also stay tuned for liquidity mining incentives coming to Bitrue in the coming weeks. You’ll be able to earn up 200% APY. Holder Den will be publishing a detailed review so make sure to keep an eye out for his next DeFi edition.

Bitrue @BitrueOfficial

Everyone's talking about their #DeFi gains, are you afraid you're being left behind? Bitrue's new Liquidity Mining Service is going to help you reach APRs of up to 200% while making it as simple as possible to get involved. Read more at bit.ly/2RFrQCR #YieldFarming $BFT

Notable Tweets

Hotbit @Hotbit_news

#Hotbit has listed the #DeFiFarming Investment Products of Over 35 Tokens From August 2nd ✨T+1 redemption and No❌ Lock-up period✨ Welcome to Hotbit to experience #DeFiFarming Investment Products😎 Experience 👉hotbit.io/invest More info↩ link.medium.com/2vyrUc5QQ9

Hegic 🌖 @HegicOptions

🧞‍♀️ $HEGIC STAKING: There are ONLY 22 ADDRESSES with 888,000+ $HEGIC bit.ly/3mtZLwA ✨Example: 🔸 Lots: 22 🔸 Fee: 1% 🔸 Volume: $100M 🔸 Total Fees: $1M 🔸 Fees per Lot: +$45,5K 🔸 888K $HEGIC Lot: $60K 🔸 Staked: 19.54M $HEGIC 🔸 Fees per $HEGIC: $0.0023 🔸 ROI: +75%

Nexo @NexoFinance

We are pleased to announce that Nexo now supports the @HuobiGlobal-backed HUSD! 🎉 This asset integration lets you borrow against HUSD via Nexo's Instant Crypto Credit Lines™, as well as receive up to 10% interest on HUSD via our Earn on Crypto product. nexo.io/blog/husd-now-…

nexo.ioHUSD Now Available on NexoThe Leading Regulated Financial Institution for Digital Assets

Yam Finance @YamFinance

Migration is now live on yam.finance! Again, there is no need to rush to migrate. Vesting of migrated tokens and delegator rewards began at time of migration going live. YAM Rewards on the YAM/yUSD pool will begin at 8PM UTC tomorrow.

yam.financeFarm YAM tokens.For the YAM farming community.

yearn.finance @iearnfinance

yearn.finance updated Improved analytics and expanded details View Growth as a representation of 1 day, 3 days, 1 week, or inception View detailed breakdown of Daily/Weekly/Yearly growth and current strategies View overall system stats, deployed strategies, and more

Leo Cheng 🌶 @leokcheng

These Swaps are now possible at app.cream.finance/swap In and out of @iearnfinance Vault goodies: $USDC -> $yyCRV ($yUSD) $ETH -> $yETH In and out of Creamed $CREAM / $YFI / $yETH / $yyCRV $crCREAM -> $crYFI $crYETH -> $crYYCRV Max yield/leverage. Save on gas.

app.cream.financeCreamCrypto Rules Everything Around Me.

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