Lending Rate Update 🧮

Weekly lending rate updates on CeFi & DeFi platforms.

Sep 05, 2021

Hi everyone,

Click hereto 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.

Sifchain

Until we see more protocols, my focus on Cosmos Network is going to be Osmosis and Sifchain. They haven’t provided incentives for stablecoins but I believe those rewards will arrive in the future. Currently, Sifchain is focusing on pooling deep liquidity for Cosmos Network tokens like ATOM, AKT, IRIS, DVPN, REGEN, CRO, and XPRT. These rewards will expire in 4 weeks but could be extended. If you notice next to the reward APY they also display the pool APY. This is the yield the pool is generating from trades.

Raydium & SolFarm

ATLAS and POLIS were just distributed to investors and are being pooled on Raydium. Currently they’re offering dual liquidity mining incentives paid in ATLAS, POLIS, and RAY. I decided to buy some ATLAS, POLIS, and RAY to provide liquidity.

I’m very bullish on Star Atlas and wanted to get some exposure before they released their beta. By providing liquidity I earn pools fees, POLIS, RAY and ATLAS. With Solana gaining more traction I expect many protocols to benefit from the increased attention. Despite being a young protocol Raydium has assisted with multiple project launches, created deep liquidity pools, and is offering some of the best yields in the industry. For these reasons I’m also expecting the price of RAY to go up.

After few days I’ll extract my yield and deposit it on Solfarm. Currently they offer leveraged farming, lending, and auto-compounding. By lending my ATLAS and POLIS on Solfarm I’ll earn a dynamic yield. The objective is to accumulate as much ATLAS and POLIS as I can.

You could take this strategy one step further by leverage yield farming up to 3x on Solfarm. I wouldn’t recommend this unless you thoroughly understand the risk associated with leverage yield farming. However, if you’re open pursuing the opportunity the yields are very lucrative.

Growth DeFi

This cross-chain protocol aims to increase capital efficiency by mirroring Ramp Defi. They are now allowing users to borrow against their yield generating liquidity position. For instance, if you’re providing liquidity to the CAKE/BNB pool on Pancakeswap you earn pools feels and CAKE tokens. With Growth Defi you’ll continue to generate a yield on CAKE/BNB and simultaneously use it as collateral.

Given I’m an avid farm of BANANA on Apeswap, I decided to use my BANANA as collateral. After making my deposit into the vault I continued to generate 100% APR on my BANANA tokens and the yield is auto-compounded for me. While its generating yield I went ahead and borrowed MOR, Growth Defi’s over-collateralized stablecoin. I exchanged half for BUSD and provided liquidity to the BUSD-MOR pool on ApeSwap. Now I have BANANA earning 100% APR and my borrowed money is earning 27%. You could go complete degen with this strategy and buy more BANANA tokens to leverage up. By doing this would have 50% more BANANA token earning 100% APR.

Currently this service is only available on BSC but eventually they’ll expand onto other chains. I would at least follow them on Twitter in case they deploy onto your favorite chain in the future.

Best CeFi USDC Rates

Ledn - 9% APY
Nexo - 10% APY
Hodlnaut - 12.73% APY
Celsius - 8.88% APY

Defi Stablecoin Yields

Mercurial Finance - UST/USDT/wUST 19.63% APY + pool fees - SOLANA
ApeSwap - BUSD/MORE 27% APY + pool fees - BSC
Belt Finance - BUSD/USDT/USDC/DAI 23.42% APY - BSC
Omni Farms- BUSD/USDO 34% APY - BSC
Curve - fUSDT/DAI/USDC 28% APY + pool fees - FANTOM
Wault Finance - USDC/WUSD 72% APY + pool fees - POLYGON

Disclaimer: Generally speaking DeFi is very risky and you could potentially lose everything. Always do your own research before committing any funds. Most the protocols mentioned above have been in operation for months but could face challenges in the future. Ape responsibly.