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.
Mars Poolin
This protocol hopes to bridge the capital efficiency of DeFi with bitcoin mining. For the first time you’ll be able to buy and sell a piece of a mining rig within an Ethereum block confirm, with 24 hour trading, and a good trading depth. In other words, you’ll be able to buy hash rate to earn WBTC. Additionally, once a lending protocol is integrated, holders will be able to leverage their position and access locked liquidity.
There are two tokens:
pBTC35A: hash rate token
MARS: governance token
MARS will entitle holders to fees, governance rights ,and dividends.
Staking pBTC will allow you to harvest WBTC and MARS. Staking USDT-pBTC will also provide a yield in both WBTC and MARS.
To earn a higher yield paid in MARS you’ll have to stake one or more of the following pairs:
MARS-USDT
MARS-BAC
There was a private placement for pBTC, but the investors have agreed to lock their tokens until 3/10/21. Click here to learn more about this unique yield farming opportunity.
Beefy Finance
Much like Yearn, Beefy is a yield aggregator protocol. Many retail investors are priced out of Ethereum based DeFi protocols due to high gas costs. In most cases an equivalent transaction will only cost 1 penny on the Binance Smart Chain (BSC). As a result the total number of transactions on BSC has increased significantly over the past few months.
For a quick introduction to the protocol watch the video below.
Click here to learn how to get started.
Celsius Network
Stable Coins 12.5% to 16.54%
U.S. citizens are only eligible for the base rate of 12.5%, while international users who opt to get paid in CEL can earn up to 16.54%.
In my judgement, CEL token just broke out of a major accumulation zone. Sellers are exhausted which means the price is likely to go on another run.
Gemini
You can now earn interest on the Gemini exchange. This is great news for novice investors who are just getting their feet wet in crypto. At some point earning interest will become a standard service across all CeFi platforms.
Content Summary
1:23 Power Piggy
5:06 30 Day Lock up
6:30 BTR Token Potential
1:30 Exchange Assets
4:55 Avoid Liquidation
Notable Tweets
