Lending Rate Update 🧮

Weekly lending rate updates on CeFi & DeFi platforms.

Oct 24, 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.

KLIMA Presale Price: $10

Current Market Value: $3200

The aim is to create perpetual buy pressure for carbon offset credits. I think the pro environmentalist approach is likely to attract significant support. Given the large unrealized gains by early buyers, there’s a chance we could see a big dump. For this reason I would advise caution if you’re thinking about jumping in now. The success of OlympusDao has resulted in numerous forks. People will try hard to get into the ponzis early to ride the wave.

I believe there’s a chance these protocols can learn to co-exist despite OlympusDao targeting for multi-chain presence. They can achieve this by not burning early supporters and innovating with a focus. If they can deliver a service or perk not offered by Olympus, they got a shot at co-inhabiting the same chain.

RomeDao Finance appears to be the next big fork of Olympus. Their goal is to create a reserve currency for Kusama and Polkadot. They don’t plan to have a private round so make sure to follow the progress and sign up if they offer a whitelist.

ThorStarter

With Thorchain going main net Christmas, projects building on the protocol are making big moves. These growth phases are the best opportunities to extract massive yields and profits. ThorStarter has decided to increase yield for both Thorchain and Sushiswap LPs. They’ll push the APY paid in XRUNE to 40%. This means Thorchain LPs will earn XRUNE, RUNE, and pool fees. The pool has been very profitable to date.

Growth DeFi

This cross-chain leverage yield protocol has a stablecoin collateralized by the most popular tokens on the Binance Smart Chain. These tokens continue to earn yield from their protocol of origination and can simultaneously be used as collateral. In other words, if you’re earning CAKE by staking it on Pancakeswap, you’ll now be able to access that locked liquidity without compromising your yield.

There’s also an opportunity for folks who don’t want exposure to any BSC coins. Growth DeFi’s stabelcoin is paired with BUSD on Apeswape. The MOR-BUSD pool is yielding 47% APR - the highest yielding stablecoin yield on BSC.

Nexo

If you’re not using your DOT to help projects get a Parachain, you should consider depositing them onto Nexo. You can currently earn up to 17% APR paid daily and borrow against your DOT. In the video below I detail how to take advantage of Nexo’s dynamically adjustable credit line.

Port Finance

This is a money market protocol built on Solana. I took all the excess SOL I had and borrowed against to deploy on various farms. This is similar to the strategy in the Nexo video and works best in an up only market. Solana like other chains is going through a growth phase. In that setting SOL is guaranteed to appreciate in price. By using my SOL as collateral, I keep my exposure and get liquidity for small to medium cap plays.

I borrowed USDT because the rate is lower. If you need USDC for a particular trade or yield opportunity, you can trade it for USDC on Mercurial Finance - very deep liquidity for stablecoins.