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.
Badger Dao
Don’t forget DIGG, elastic BTC token, will be launching tomorrow. If you’re already providing liquidity to one of the Setts, expect a large yield boost starting tomorrow. In the image below you can view the distribution of the total supply of DIGG on launch.
As you can see, farmers will will be getting 40% of the supply. Moreover, they plan to reward farmers who provide liquidity long term. For this reason, they will distribute the airdrop based on the square root of badger earned so far. This means any staker who provides liquidity early on, will get more DIGG than a whale who deposited right before the launch.
Also, Badger Dao aims to work more closely with Sushiswap. They will be adding new Setts which utilize the liquidity pools on Sushiswap to generate a yield for depositors.
If you wanted to learn more about the protocol, I encourage you to watch my recent video.
Celsius Network
During this weeks AMA, we learned that Celsius is considering the addition of the following tokens:
AAVE
HBAR
DOT
Meanwhile the total weekly rewards are continuing to trend up. The chart below looks like a massive bull flag getting ready to erupt.
Bitrue
This platform offers the best rate on LINK and has respectable rates for other tokens. Additionally, you can collateralize a wide variety of crypto assets to take out low interest loans.
LINK 7.3%
VET 5.3%
USD 10.3%
XLM 5.3%
UNI 5.3%
ADA 5.3
Watch my Bitrue playlist to learn more.
88mph
The fixed rates alone aren’t lucrative, but with the incentives you can get enjoy fat yields. Users can choose their lending duration in days ranging from 7 to 365 days.
MPH rewards are likely to be transient, but you can lock in the bonus rate by selecting a long duration. Aside from pooling funds, the team plans to guarantee loans with floating-rate bonds. This essentially allows users to leverage long yield rates. At some point I anticipate floating-rate bonds will be incentivized as well. I’m currently working on an introduction video which will be published in the next few days.
Crypto.com
On January 18th, the following tier changes will take effect. Existing users will continue to enjoy their current benefits. This new change is a 2x increase from the previous CRO stake requirement. Consider going through my Crypto.com playlist before committing to a decision.
Notable Tweets
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