Lending Rate Update 🧮

Weekly lending rate updates on CeFi & DeFi platforms.

Nov 06, 2021

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.

Rari Capital

This protocol makes it very easy for projects to create lending and borrowing markets for their respective tokens. By offering this service, Rari is able to locally source yield for stablecoin lenders. You add this to the fact we’re in an up only market, it creates the perfect setting for incredibly high stablecoin yields.

USDC 30% APY
DAI 20% APY

These yields are likely to fall during a bear market, but I suspect they’ll remain high for the next few months. One of my good friends has over seven figures on Rari, generating him over $1k per day.

Thorswap

Following a little controversy during the IDO, Thorswap has launched its incentivized pools. Each yielding over 800% APY. You’ll receive THOR tokens in the Sushiswap pool and you’ll receive auto-compounding yield on the Thorchain pool.

The Thorchain team has decided to donate 100% of their THOR to the liquidity pool and will re-add liquidity in the future. The net result, IDO participants receive more THOR at cheaper price. Also don’t forget, a THOR airdrop is coming soon. If you’re new to the Thorchain ecosystem you’re unlikely eligible. However, for long time users expect to receive a substantial airdrop in coming weeks to month.

The yield may fall after the airdrop. Many people will be derisking and taking profits. This will cause an acute fall in THOR tokens price resulting in a reduce yield for both pools.

Blue Planet

This protocol resides on the Binance Smart Chain. They’re very underrated despite being live for months. To date they haven’t suffered from a major hack or an adverse event. They have a few useful features including borrowing, lending, auto-compounding, and one-click liquidity provision.

USDC-BUSD 33% APY
UST-USDC 36% APY
BUSD-USDT 15% APY

If you can’t stomach the fees on Ethereum, this maybe a potential alternative for you. Also, in addition to the APY you’re earning pools fees from every trade. This will significantly increase your compounded rewards.

Ledn

Due to market conditions Ledn has reduced their BTC APY for any BTC balances over 1 BTC. Your first 1 BTC will earn you 6.25% APY and anything over 1 BTC will earn 2.25% APY. For USDC you can deposit any amount and earn 9.5% APY. Given my large balance of stablecoins, I often times can’t earn the optimal yield on all my stables. If you’re having the same problem consider giving Ledn a test run. After talking to the Founder and using their platform for a months I’ve become a fan. Assuming they can deliver comparable rates during the bear market, I’ll definitely be parking more stables here.