Lending Rate Update 🧮
Weekly lending rate updates on CeFi & DeFi platforms.
Twitter | Starter Pack | Reddit | YouTube | Patreon | Store Front | 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.
Anchor Protocol
Earn 20% APY by simply depositing UST. The Anchor team aims to keep the rate above 20% by subsidizing it with staking rewards and saving the excess in a reserve. Meanwhile they’re bootstrapping liquidity and incentivizing borrowing with robust rewards. By providing liquidity to the ANC-UST pool and/or borrowing UST with collateralized bLUNA you can earn over 400% APY.
There’s two easy ways to get some UST. Either buy it on BSC or Ethereum and migrate it over to Terra using this bridge.
Or send your assets to Kucoin and exchange them for UST. Rather than earning a fluctuating rate of 8-12% on your USD stables, you can earn a consistent rate of over 20% on Anchor. With the IBC launch around the corner, I would at least experiment with protocols like Anchor and Mirror. By getting involved now you can put yourself in a position to extract maximum value when the multi-chain future arrives. I’m releasing a video on Anchor protocol later today, consider watching if you’re interested in learning more.
Lend, Borrow, & Margin Trade on BZX
BZX decided to expand into BSC in hopes of growing their user base. They failed to get serious traction on Ethereum due to a few hacks. For now you can borrow and margin trade on BSC. Within the next couple weeks you should also be able to lend your assets to earn fat yields. They also released another token on BSC, BGOV. This token will be distributed to users who borrow, lend, and/or margin trade on the platform. It’s a great way for you to experiment with the protocol and earn some passive income. Moreover, at some point I expect the protocol to share collected fees with BGOV stakers.
Bitrue
Sandbox is a NFT platform on Ethereum. Their token has been on a parabolic rise over the last few months. Bitrue is offering a triple digit yield on SAND for a week. To be eligible you’ll need to stake 2 BTR with every 1 SAND token. Bitrue is also expanding to BSC which will likely bring new opportunities for BTR holders to extract respectable yields. It’s one of the few CeFi tokens that hasn’t taken off yet.
Crypto.com
You can take out a loan for 1% using your crypto as collateral. Given the massive arbitrage opportunities provided by DeFi, one could easily squeeze out gains by leveraging a low interest loan. With the recent token burn and main net being around the corner, the CRO token has posted a new all time high. I’m happy report my interest earnings in CRO now pay for all my meals. Over a year ago I published the video below and today it’s a reality.
Content Summary
1:26 Price Analysis
3:36 Next Reflexivity Loop
1:26 Introduction
5:52 Tokenomics
8:25 Team & Partners
9:30 My Thoughts
1:16 Introduction
4:50 My Favorite Index
6:35 Getting Started
8:13 Closing Thoughts
1:21 Capital Flow Into BTC Increase
3:22 New DeFi Protocols on BSC
6:18 Token of the Week
Notable Tweets
