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.
Celsius Network
The price of the CEL token has hit new highs after we published this chart a couple weeks ago. As I’m writing this, CEL token is roughly trading at $1.20! The Celsius team isn’t taking their foot off the pedal. Instead they’re pushing ahead with more vigor and vim. They’ve increased the rates of ETH again and they’re planning to release new in app features soon.
I’ve made some very accurate forecasts about the hybridization of defi and cefi. If you want to hear my latest predictions, I highly recommend you watch the video linked below.
Blockfi
After taking to the team, I’m happy to present you guys with a C1S exclusive sign up bonus. For a trial period, you can get a $25 USDC bonus for creating an account Blockfi. It’s not a bad way to give the platform a test run to see if it suits your needs. My dad loves the platform and has added more funds since his initial deposit. I’ll be publishing a video update with account balance details disclosed, so stay tuned.
ETH 5.25%
LTC 5.00%
Crypto.com
They recently changed their flexible deposit interest for CRO tokens from 14% to 5%. I believe this is part of their broader effort to encourage staking of CRO tokens. Most the utility features require a token lock up term. Perhaps they’re not happy with CRO’s market performance and want to reduce the selling pressure. The problem is that they they’re abusing their printing press to accelerate growth. Instead I believe they should use profits to burn tokens on a quarterly basis, focus on feature enhancements, work hard to provide competitive earn rates, and conduct more AMA’s.
CRO 5% - flexible
If you’re a user who’s not very bullish on CRO tokens, here’s a way to put them to work.
Bitrue
SUN 15.00%
BTC 8.50%
ETH 11.00%
USDT 16.00%
Cred
Standard vs Premium
ETH 3.00% vs 6.00%
LTC 4.00% vs 6.00%
TRX 2.00% vs 3.00%
LBA 4.00% vs 5.00%
BAT 3.00% vs 4.00%
LEND Migration
I took a hybrid approach. I migrated a portion of my LEND tokens and staked them into the Aave protocol.
I lent out the balance shown below on the Flucrum protocol.
Notable Tweets
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