Lending Rate Update 🧮
Weekly lending rate updates on CeFi & DeFi platforms.
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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.
BLOCKFI
TIER 1 | TIER 2 | TIER 3
BTC 5.00% | 2.00% | 0.50%
ETH 4.50% | 2.00% | 0.50%
LTC 5.50%
LINK 4.50%
PAXG 4.00%
CELSIUS
IN-CEL | IN-KIND
BTC 4.40% | 3.51%
ETH 6.35% | 5.05%
BUSD 12.65% | 10.00%
GUSD 12.65% | 10.00%
DAI 12.65% | 10.00%
PAX 12.65% | 10.00%
TUSD 12.65% | 10.00%
TAUD 12.65% | 10.00%
TCAD 12.65% | 10.00%
TGBP 12.65% | 10.00%
THKD 12.65% | 10.00%
USDC 12.65% | 10.00%
USDT 12.65% | 10.00%
WDGLD 6.92% | 5.50%
LINK 3.77% | 3.00%
BITRUE
LOCKUPS | POWERPIGGY
TUSD 0.00% | 20.00%
USDT 22.00% | 20.00%
VET 0.00% | 4.00%
XRP 0.00% | 4.00%
XYM 0.00% | 1.90%
XEM 0.00% | 1.50%
LUNA 18.00% | 10.00%
YOUHODLER
USDT 12.70%
BSV 4.50%
BAT 3.00%
REP 2.50%
VAULD
SAVINGS | FIXED
BTC 4.50% | 6.50%
ETH 4.50% | 6.50%
XRP 4.50% | 6.50%
BUSD 9.00% | 12.00%
DAI 9.00% | 12.00%
PAX 9.00% | 12.00%
TUSD 9.00% | 12.00%
USDC 9.00% | 12.00%
USDT 9.00% | 12.00%
HARU
EARN | EARN+
BTC 7.20% | 15.50%
ETH 7.00% | 15.50%
USDT 8.20% | 15.50%
ABRA
LTC 5.25%
Polygon
The new frontier of DeFi is just starting to take off. Polygon, formerly known as Matic, has seen parabolic within the last few months. As a result of high gas fees on Ethereum, many retail investors have initiated a shift towards layer-2 scaling solutions. To illustrate the savings lets take AAVE. To take out a collateralized loan I normally pay $100 plus in fees. The same loan on Polygon only costs me 10 cents. Moreover, I also get paid in MATIC tokens for taking out a loan.
Things have changed a bit over the last week, but when the loan demand dies down you’ll see the borrow incentive rates exceed the borrow rate.
Not only does Polygon have cheaper fees, but you can also yield farm on new protocols. Here’s a few with respectable yields:
https://polywhale.finance
https://polycat.finance
https://www.blackswap.finance
https://app.sushi.com/swap
In my judgement Polywhale and Sushi are likely to be the safest. However, you can’t escape impermanent loss and/or token inflation. Make sure you properly assess the risk before entering a pool. Some of these yield farming opportunities remind of the early days of the Binance Smart Chain. One could easily make hundreds or thousands of dollars moving from one farm to another. Of course the risk of rugging is always present, yet it can be mitigated by joining a community of fellow degenerate apes. Being active in discord is also a solid means of networking. I’ve found countless farming opportunities through friends I’ve made online.
BZX on BSC
Swamp.finance is offering juicy yields on single sided pools. First you’ll have to deposit your crypto assets on BZX. Next take your i tokens and deposit them on Swamp.fiance. Most the yield comes in the form of SWAMP tokens which have formed a price floor around $50. This is a great alternative for individuals who are worried about impermanent loss.
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