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.
Ruler Protocol
This protocol aims to offer non-liquidatable loans to users. More details will be released as we approach the launch date but it basically enables users to borrow without liquidation risk as long as they pay back the loan plus interest in a fixed period of time. Prior to launching on 3/1/21, they’ve been audited by Peckshield and Certik. Moreover, insurance coverage will be provided by Cover. The governance token RULER will initially have no utility but I’m sure use cases will materialize as the protocol iterates and grows.
Of the 1 million RULER tokens, 300k are reserved for liquidity mining incentives. They also have a small portion allocated for airdrops for users who’ve participated in the Yearn and Cover ecosystems. Make sure to at least follow this project on Twitter. Especially if you’re a farmer who wants to participate in their upcoming yield farming opportunity.
Beefy Finance
This protocol is on the Binance Smart Chain (BSC). Make sure to watch my latest videos on BSC if you’re interested in taking advantage of the lucrative yields. Beefy will auto-compound your deposits in farms. For example, if you’re earning CAKE on Pancakeswap, Beefy will convert the CAKE you earn into your LP pair and deposit it into the farm on Pancakeswap. To get started all you need to do is deposit liquidity into an incentivized pool on Pancakeswap. Afterwards take your LP token for the Pancakeswap pool and deposit it into Beefy.Finance. Not all pools are supported on Beefy so make sure to check which pools are supported first. Next head of over to YieldWatch to track your deposit and gains. Just enter your wallet address to populate all your Beefy deposits.
The yield displayed on the dashboard assumes you’ll be compounding for the entire year. It also assumes the farm will maintain the same yield. So don’t get too excited when you see 120,000% APY. However, I still believe Beefy provides considerable value to users by auto-compounding their yields. It saves users gas fees, all their assets are always earning yield, and most importantly it saves them time. Join my private discord if you’re an experienced or prospective yield farmer. We’re constantly sharing knowledge, insights, and new yield farming opportunities.
CELSIUS
IN-CEL | IN-KIND
BNT 13.86% | 10.51%
UNI 3.26% | 2.50%
ZEC 2.63% | 2.02%
OMG 2.63% | 2.02%
HARU
EARN | EARN+
BTC 7.40% | 16.00%
ETH 7.20% | 15.00%
USDT 8.50% | 16.00%
CEX.IO
MATIC 10.00%
Bitrue
Content Summary
2:16 Analysts Are Underestimating Bitcoin
7:12 New DeFi Opportunities
9:16 Token of the Week
2:20 Introduction
5:27 Tokenomics
8:23 Closing Thought
1:14 Introduction
5:11 Tokenomics
7:42 Closing Thoughts
Notable Tweets
