Lending Rate Update 🧮
Weekly lending rate updates on CeFi & DeFi platforms.
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Hi everyone,
Click hereto 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.
Port
This is the first non-custodial liquidity protocol on Solana. They will provide fixed income products including variable rate lending, fixed rate lending and interested rate swaps. They currently provide a market for USDC, SOL, mSOL, USDT, PAI, MER, pSOL, and SRM. They launched their liquidity mining incentives this month so on select pairs you can get a yield boost up to 44% APY, paid in the PORT token.
The liquidity campaign will last for 1-2 months and maybe extended based on feedback. With the incentives, they offer one of the best rates for USDC at 28% APY.
Orca
This DEX aims to provide a human centered approach to liquidity sourcing. Anytime users input a trade on Orca, they’ll verify the rate is within 1% of the listed market rate on CoinGecko and the slippage is less than or equal to the users tolerance settings. They also have the following planned for the remainder of the year:
Integration with Wormhole, ETH >< SOL bridge
Collectible, valueless tokens for early adopters
Additional trading pairs
Analytics for price, liquidity, volume, fees, and more
Language options in the Orca UI
Currently they are attempting to bootstrap deep liquidity pools for popular pairs. As are a result, very lucrative yields are being offered.
Ledn
For USDC savings accounts, the September interest rate has been increased to 9% APY, up from 8.5% in August. The BTC rate remains the same at 6.1% APY.
Sunny Aggregator
This is a cross-chain yield aggregation protocol. They’re are teaming up with Saber to provide dual liquidity mining incentives. Users who deposit their Saber LP tokens will earn both SBR and SUNNY. Moreover, Sunny has taken snapshots of Osmosis LPs and OSMO holders. Sometime this month they’ll share how to claim the airdrop.
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