Lending Rate Update 🧮
Weekly lending rate updates on CeFi & DeFi platforms.
Twitter | Starter Pack | Reddit | YouTube | Patreon | Website | Earn $250 in Promos
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.
Ledn
For the month of December, Ledn is lowering the BTC amount eligible for 6.25% APY. Previously, depositors were earning 6.25% APY on 1 BTC. Beginning December, the max for Tier 1 is now 0.5 BTC. The rate and balance amount for USDC remains unchanged. Lending platforms typically make adjustments based market dynamics. Every prudent business has to make these adjustments to keep their business operations sustainable.
I’ve spoken to the founder on a few occasions and I’m excited to see the upcoming features. I can’t say much other than they have big plans for 2022. Given many platforms are starting to impose limits on the USD balances, I’ve suggested to my whale friends they begin moving some stables here.
If you’re new to Ledn, I recommend you watch my video below before getting started. Don’t forget to sign up with a referral link, they’ve increased the bonus payout to $50 for a limited period of time.
Crypto.com
The base yields for a 3 month term with the lowest tier card are the following:
ETH -5.5%
BTC - 4.5%
USDC/PAXD/DAI/TrueUSD/Tether - 10%
However, with the Frosted Rose Gold and Icy White cards you get a generous boost and a bonus yield paid in CRO tokens.
ETH -8.5%
BTC - 8.5%
USDC/PAXD/DAI/TrueUSD/Tether - 14%
For those who subscribe to this newsletter, you’ll notice the substantial amount my co-contributor has made by accumulating his cashback rewards and bonus CRO yield. I highly recommend you follow the work he publishes on Mondays and Tuesdays. The downside of making big gains on CDC is that they limit the total balance you’re eligible to earn a yield on. For the $40k tier, the max is $1M.
You can also use you’re CRO balance and earn substantial yield on new DeFi protocols launching on Chronos. Chronos is their EVM compatible chain that’s experiencing massive growth. To learn how to get started, watch the video below.
Astroport Launching Emissions
This is the next generation automated market marker (AMM) getting ready to launch on Terra. Terra Network appears ready for another massive growth cycle and which has arguably already started. This new AMM will bring new farming opportunities for liquidity providers. Given this project has plans to require lock up periods, there’s potential for the ASTRO token to realize massive gains post launch.
Also, dual rewards for pools are currently being voted on and are likely to get passed. Click here to read their full blog post.
Saber
In an effort to provide to bootstrap liquidity for their Allbridge, Saber is offering generous yield for BTC, ETH, and stables. You can earn the following yields:
afETH/weWETH - 17%
wiBTC/renBTC - 18%
afDAI/USDC - 17%
If you want to learn more about these pools make sure to reference their blog posts. Additionally, if you’re interested in a video review or explanation please comment below. There a tremendous amount of innovation happening on Solana which naturally follows with generous yield opportunities. Next week I’ll cover some farms I’m personally interested in.