Lending Rate Update 🧮

Weekly lending rate updates on CeFi & DeFi platforms.

Nov 27, 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.

Crypto.com Chronos Chain

This is Crypto.com’s EVM compatible chain and is different from Crypto.org chain which is supported by their main mobile application. Much like BSC and Avalanche this will enable developers to easily migrate their projects to the Chronos chain. Additionally, developers will have access to a larger repository of existing code to hasten the development process.

This translates into another Cambrian explosion of DeFi innovation but this time on Chronos. Typically this results in the base currency going parabolic for a few months and stops after the ecosystem gets saturated. Given we’re in the early phase I suspect there’s significant upside left. Check out my recent video if you want to know my game plan.

There’s currently two protocol deployed on Chronos, VVS Finance and ChronaSwap. Both are in the process of bootstrapping liquidity for their respective swaps. At this stage its difficult to forecast who the winner will be but we can still benefit from the massive yields.

VVS Finance

ChronaSwap

Lastly, Beefy Finance supports most these vaults if you’re interested in auto-compounding your yield. If you’re new to Crypto.com and wanted to learn more about the application, watch my playlist below.

Nexo

With the current promo users can 20% on MATIC until 1/3/22. The also offer lucrative yield for AVAX-15% and DOT-15%.

You can earn an additional yield if you opt to get paid in NEXO tokens rather than payments in like interest. They just initiated their Buyback 2.0 which aims to purchase $100M dollars worth of NEXO off the secondary markets. The last time they started a buy back program, the NEXO token hit a new all time high of $4. With this in mind it maybe worthwhile to get a yield boost by earning in NEXO tokens. If you’re interested in alternative strategies you can watch my Nexo playlist below.

Quarry

Quarry is a protocol for launching liquidity mining programs on Solana with composability on-chain and Cashio is a decentralized stablecoin backed by LP positions. Assuming users are open to taking some risk by getting exposure to an experimental stablecoin, they can earn upwards 35% on numerous stablecoin pairs on Saber.

They also have a triple yield pool for ust-cash. This pool pays yield in SBR, LUNA, and COW.

Geo Gang

This project is building a cross chain BSC/Solana AMM and is rewarding early supporters handsomely. They’re goal is to complete the project by Q1 with 75% being completed already. They’re raising capital through a NFT sale on Solana. By minting the NFT users get the following benefits:

30% royalties to minter
20% to holders
50% of DEX fees for all trades
higher farm multipliers
access to hidden pools
extra yield for select pools
access to private launch pads

With the PFP NFT market saturated, we’re seeing demand increase for NFT with utility. These NFT DeFi combinations are likely to become increasingly popular with investors looking to get more value out of their NFTs. The public sale is on 11/27, however I would book mark this AMM even if you’re not interested in the NFTs. After they launch their AMM, its likely to provide lucrative yields.

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