Lending Rate Update 🧮

Weekly lending rate updates on CeFi & DeFi platforms.

Jan 23, 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.

Secret Network

This is the first layer-1 privacy enabled blockchain featuring smart contracts with encrypted inputs, outputs, and state. Bridge mining went live on 1/12/21 allowing users to lock their ETH and ERC20 tokens on the Secret Ethereum Bridge and mine their share of 500,000 SCRT. On the 26th the following tokens will be added to this liquidity mining program;

SUSHI
DPI
USDC
RSR

𝕊ecret Network @SecretNetwork

Bridge mining APY is looking good! Turn $ETH and ERC-20s into Secret Tokens, and you can start earning rewards today. This week we added $RSR, $SUSHI, $DPI, and $USDC to the bridge - and $RSR has already hit the $100k TVL rewards threshold for week 3! 🥳 scrt.network/blog/secret-br…

Mirror

Given the extremely high fees on Ethereum, mirror.finance provides a cheap alternative to minting synths. To bootstrap liquidity they are offering robust yields to LPs paid in the MIR token.

To get started you need to download the Terra Station web wallet plugin. Next you’ll need to purchase UST on Binance or Kucoin. Once you’ve transferred your token to your Terra wallet head over to terra.mirror.finance. Using your UST as collateral you can mint synthetic stocks but make sure to save some UST for the pools. Deposit your synthetic stock and UST into its respective pool and click on the the stake tab to deposit your LP token. Click the my page tab for a confirmation. If successful you’ll the see following displayed on your page.

Mantrao Dao

You can now use RSR, HEGIC, ZHEGIC, RUNE, MPH and others as collateral to take out loans. Once the platform attracts more users, depositors of these tokens will also be able to earn a yield. The yields will be boosted with OM tokens to attract LPs.