Lending Rate Update 🧮

Weekly lending rate updates on CeFi & DeFi platforms.

Jul 31, 2021

Hi everyone,

Click hereto 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.

Mecurial Finance

In addition to MER, you can now earn LUNA on your stablecoin deposit. If you recall in a previous newsletter I introduced Mercurial as a liquidity platform for stablecoin assets on Solana. At that time they only provided a yield paid in their governance token, MER. Despite the TVL doubling, the current APY is 42.5%.

In addition to the yield displayed above you’re also getting pool fees from trades.

Balancer on Polygon

They’re offering respectable yields for stables and BTC. Given the current TVL I don’t expect the yields to get diluted any time soon.

Stablecoins: 18% APR
BTC: 8.5% APR

SolFarm

This the fist auto-compounding protocol I’ve come across on the Solana. It allows for leveraged yield farming but is limited to a few pools. In addition to earning compounded yields, users also get a yield boost from the platforms governance token, TULIP. The token will eventually provide the following utility:

Platform Fees
Treasury Usage
Protocol Improvements
Pool Reward Weighting
Value Accrual such as buy back and burn, profit share

DinoSwap

This cross-chain automated maker launched on Polygon on 7/15/21. They integrated the functionality with SushiSwap and are aiming to be the largest DEX on Polygon. Despite the recent launch their TVL has ballooned to over $455M.

The UST-USDT pool has a TVL of $10M and is offering an APR of 277%. I’m thinking about parking some of my UST here.

To transfer your assets over to Polygon from Terra do the following:

Transfer UST from Terra to BSC using the Terra Bridge.
Convert UST to USDT using an AMM or 1inch.
Send your USDT to Polygon Newtork with xPollinate.

C.R.E.A.M Delegation

They will begin juicing up their yields for certain assets by sharing their delegation rewards. They’ll begin by supporting BNB delegation which typically generates 10-20% APY. For more details click here.

Sifchain

This is project was built using the Tendermint SDK. Unlike Osmosis they will be supporting wrapped ERC20 assets. This means assets like USDT, USDC, LINK, ETH, and others will be tradeable on the Cosmos Network. Moreover, expect robust liquidity mining incentives to help bootstrap liquidity. They hope to enable IBC next week so stay tuned.

Their native token ROWAN will be the base asset for every pool. This makes their tokenomics very similar to RUNE. For this reason, I started buying more ROWAN in the last couple weeks.