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.
Auto-Compounding on Polygon
The next best thing to earning yield is having it auto-compound. Given the popularity of such a service, many new DeFi protocols are launching on Polygon to service the demand. Below I’m going to cover a few but I suspect many more will hit the market in the coming months.
Polywhale Finance
This protocol recently launched Reef, which allows users to auto-compound their farming rewards from SushiSwap.
The yields are further juiced by layering an additional yield provided in the KRILL token.
The entrance and exit fee is 1%. Five percent of the profits are taken from the rewards to buy and burn KRILL tokens.
Polycat Finance
Currently this protocol mostly support LPs from QuickSwap and one LP from SushiSwap. More LPs from Sushiswap are likely to be added in the future.
Unlike many other auto-compounders, Polycat includes the fees earned in the APY calculation.
Adamant Finance
This auto-compounding protocol offers the best yield out of the three. However, the extra yield is paid in the ADDY token. Before you can withdraw these tokens, they must be vested for 90 days. You can withdraw early for a 50% fee. The protocol charges a 30% fee for the compounding service, but if ADDY appreciates over time this shouldn’t be a problem. This protocol supports the widest variety of LPs from multiples dexes.
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