Lending Rate Update 🧮
Weekly lending rate updates on CeFi & DeFi platforms.
Twitter | Facebook | Reddit | YouTube | LBRY | Patreon | Store Front
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.
CELSIUS
ADDED UNITED STATES RATES COLUMN
ETH 5.05% 6.88%
BAT 5.10% 6.95%
BSV 4.51% 6.13%
ETC 3.00% 4.08%
I recently moved all my SNX over to Celsius. Unless you’re yield mining, I believe its the best way to to put your SNX to work. The current yield on Celsius is 16.16% APY! Also, get ready for some fireworks. The CEL token has entered price discovery. I don’t see any major obstacles for new ATH’s.
CRYPTO.COM
MANA 0.50% 1.00% 2.00% | 1.00% 2.00% 3.00%
Follow Binance’s lead, CDC has deployed it’s own automated market maker (AMM). It’s a fork of Uniswap and will be used to disseminate liquidity mining rewards. It’s not available to United States citizens, but can be accessed through a VPN. They will be providing CDC users access the AMM through the app however this feature isn’t currently supported. For now you’ll have to use wallets supporting Wallet Connect or Metamask.
In my opinion, this is another futile attempt by CeFi to remain relevant as DeFi eats away their market share. I predicted hybridization of Cefi/Defi months ago. I also anticipated the push back from CeFi platforms. The struggle is encapsulated in a recent Twitter thread published by CZ of Binance.
I expect CeFi platforms to expend lots of resources trying to compete but eventually they’ll capitulate and integrate non native DeFi protocols. Meanwhile they’ll exhaust a lot of resources developing their own or forking existing protocols. The better strategy in my opinion would be to nurture and collaborate with “wild” DeFi protocols. Once the protocol is fully audited and stable, they can integrate the protocol into their platform. It’s a win for all parties involved. The DeFi protocol gets funding for audits, the CeFi platform expends less resources for development, and users get a frictionless experience.
LEDN
USDC 11.70%
VAULD (PREVIOUSLY BANK OF HODLERS)
BTC 7.64%
ETH 7.64%
XRP 4.55%
XLM 3.53%
BAT 3.53%
USDT 11.30%
BUSD 11.30%
USDC 11.30%
PAX 11.30%
TUSD 11.30%
DAI 11.30%
Notable Tweets
This is part of the FREE subscription package that goes out to hundreds of investors. I also have a paid subscription package which includes exclusive content and insights. To really get the most bang for you buck, check out my bundle packages through Patreon.
For a limited time I’ll also be offering an option to pay in DAI. Using this method you’ll get an annual subscription for only 50 DAI.