Lending Rate Update 🧮

Weekly lending rate updates on CeFi & DeFi platforms.

Oct 17, 2020

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

<= 1,000 CRO | >=10,000 CRO

CRO 1.00% 2.00% 4.00% | 2.00% 4.00% 6.00%
ICX 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
LTC 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
XRP 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
BCH 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
KNC 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
ALGO 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
ATOM 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
XTZ 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
OMG 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
XLM 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
ADA 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
EOS 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
ERD 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%

After a explosive year in growth, largely due to marketing, CDC is forced to make significant rate cuts. They not only reduced their rates on CRO tokens but they slashed rates across the board. Cutting the rate of XTZ is very peculiar given staking these tokens on most platforms provides an average yield of 6%. This leads me to believe they weren’t running a baking pool. I knew at some point they would be reducing their rates for CRO but I didn’t see it coming so soon and without warning. After locking my tokens for 6 months they dropped the rates by almost half. This is very poor business practice in my opinion. At the moment I’m contemplating slowly removing most my token off their platform. The only positive I see in this move is a reduction in CRO token sell pressure. With those high CRO yields I’m sure many users were spending their excess balances.

Bitrue

SUN 2.00%

Unlike some platforms who act unilaterally without taking feedback from their communities, Bitrue is very responsive to their community. They’re now distributing 50% of the BFT earmarked for the team to users instead.

Bitrue @BitrueOfficial

We're listening closely to all the feedback our users are sending, and we're now pledging to distribute 50% of the $BFT earmarked for the team to users instead. 175 million extra BFT will be sent to $BTR holders in the future. Details @ bit.ly/2QH6VyO #BitrueFinance

CreadEarn

0 LBA | >10k LBA
BTC 5.00% | 8.00%
TRX 3.00% | 4.00%
LBA 4.00% | 6.00%
DAI 8.00% | 12.00%
TUSD 8.00% | 12.00%
USDC 8.00% | 12.00%
USDT 8.00% | 12.00%

Youholder

LTC 5.50% BCH 5.50% EOS 5.00%

Vauld

BTC 7.23%
ETH 7.23%
XRP 4.07%
XLM 3.04%
BAT 3.04%
BUSD 11.57%
DAI 11.57%
PAX 11.57%
TUSD 11.57%
USDC 11.57%
USDT 11.57%

Haru

EARN | EARN+

USDT 8.30% | 15.80%

Compound Finance

Compound is offering 15% on UNI tokens which likely to be transient. It would be great to deposit in this low gas environment but the fees maybe higher when you decide to withdraw. Unless you expect your gains to exceed your gas costs I wouldn’t recommend this. I have my UNI tokens earning interest on Bitrue. Celsius Network plans to add UNI token in the near future. You have plenty of non gas consumptive options to choose from.

Notable Tweets

DeFiGod @DeFiGod1

1/ Bancor and Andre Cronje have been completely in lock-step developing various AMM designs/models. No one knows except Bancor, Andre, and myself. I was blessed with autism, the others…well.

dudesahn @dudesahn

Another Friday means it’s time for another @CelsiusNetwork AMA with @Mashinsky and @Zach_HODL_ON! Follow along live here: youtube.com/watch?v=uxPchY… or read below for the highlights 👇

youtube.comCelsius AMA - Ask Mashinsky Anything - Friday, October 16, 2020Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

Voyager @investvoyager

Don’t forget to check out our October Interest Rates! Earn interest on 17 top digital assets AND we are offering a special 1% APR interest booster this month. Hold 10,000 $VGX & earn up to 9.5% APR on $USDC, 6.5% on $BTC & 5% on $ETH. Don’t miss out: buff.ly/3kOSNBw

Alex Mashinsky ©️ @Mashinsky

Every day it gets better and better. #CEL is now up over 2,222% in the past 12 months. If you decided to earn in $CEL on ⁦@CelsiusNetwork⁩ you did 10X better than any #DeFi platform This is how we are going to #Unbank the world!

Andrew Kang @Rewkang

1/ There seems to be a common misconception that AMMs won't work because LPs can be constantly arbitraged Let's clear that up.

Chris Blec @ChrisBlec

THORChain enters the Trust Bubble with Chris Blec. Join the live chat at youtube.com/watch?v=ip7OHz…

pscp.tvCb @ChrisBlecTHORChain enters the Trust Bubble with Chris Blec. Join the live chat at https://www.youtube.com/watch?v=ip7OHz1Gnec

CoinDesk @CoinDesk

"Let me just basically say how impressed I am by Ethereum, full stop, period." -@CFTC Chairman @ChairmanHeath at #investeth. coindesk.com/heath-tarbert-…

brandoniles @brandoniles

The new $AMPL/USDC Rebasing Pool jointly developed with @BalancerLabs removes most* impermanent loss normally incurred by liquidity providers on other AMMs. I think this shows off the coolest parts of each project. Check it out!

ampltalk.orgAMPL/USDC Smart Pool on BalancerThe new AMPL/USDC smart pool jointly developed with Balancer removes most impermanent loss normally incurred by liquidity providers on other AMMs like Uniswap. This will demonstrate how Ampleforth is a compelling crossover currency between the worlds

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