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
The launch of DIGG token is postponed until further notice. The community decided to delay deployment until the rebasing mechanics are optimized. A few community members on discord expect the DIGG token to launch sometime next week. Understandably some of you may want redeploy your funds elsewhere, however if you keep your funds staked you’ll earn a higher yield. After 8 weeks your bonus will reach a max of 3x. Moreover, they plan to reward long term liquidity providers (LP’s) handsomely with DIGG tokens. To determine the DIGG distribution they’ll take the square root of BADGER EARNED (distributed through the badger tree, claimed + unclaimed) so far. In theory, a small staker from early on should get more DIGG than a whale depositing right before launch.
The following is the proposed allocation of DIGG tokens.
40% Treasury (Immediately available)
40% Farming (over 8 weeks, proposal for Week 1 Emissions breakdown coming soon)
5% Founding Team (vested over 1 year)
15% Airdrop
Based on the tweet below, the DIGG LP token will be composable with other DeFi protocols. Hopefully, we’ll be able to use it as collateral to take out loans. This way we have a means to access our locked liquidity.
88MPH
In an effort to lure in LP’s, 88MPH is offering a huge yield boost for HBTC deposits. You’ll earn almost 4% in HBTC, plus 47% in MPH. Remember most of the MPH yield will have to be returned on the maturation date. However, you can stake the MPH tokens while you wait to earn fees generated by the protocol. At some point they’ll be releasing LP tokens to allow users to access the locked liquidity.
1inch Launches Token
If you’ve ever used the 1inch exchange, make sure you claim your free 1INCH tokens. To be eligible you had to meet the following criteria:
at least one trade before September 15th
at least 4 trades in total
trades for a total of at least $20.
Additionally, they’ve launched 6 liquidity pools:
For two weeks they’ll distribute 0.5% of the token supply. I decided to sell half of 1INCH tokens for WBTC to and became a LP. The yields despite the ongoing TVL dilution are substantial. I’m open to taking the risk since I’m basically playing with house money.
I was fortunate enough to receive an airdrop in three different wallets. Given my balance, this is projected yield.
I’ll be publishing a new video tutorial in the next couple weeks so stay tuned. Plenty of new features and updates to cover in the V2 release. Months ago I published a video on V1, click this link if you’re interest in watching.
Celsius Network
6.2.% now available to international users
I’m sure you guys are sick of me bragging about buying CEL tokens back in 2019. But with CEL hitting almost $4, this has easily been one of my best investments. Also, it happens to be the first CEFI platform I experimented with. It’s unfortunate they canceled CEL interest payments for U.S. citizen, otherwise my CEL position would have been much larger. This team hasn’t slowed down despite their massive success. Take a look at the tweets below and try to give me the bear case. Disclaimer, you can’t.
Nexo
A few users have been selected to test the Nexo exchange and debit card. The release is likely to happen in Q1 2021.
Notable Tweets
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