Annual rates for lending some cryptocurrencies.

Flux0z

member

Activity: 406

Merit: 10

Isn't these lending options completely centralized, and requires KYC? Not touching that, that's for sure.

I'm staking Blocknet at 16% annual profits, which beats most of those lending programs by a long shot - That's not even considering that the price of BLOCK recently doubled, and seems to continue on a bullish trend due to their incredible DEX developments, and decentralized oracle services.

There are tons of stakeable projects out there, and I believe it's pretty safe to enter at these prices, since most projects have bottomed out completely, making room for massive gains. Wink

ansi

sr. member

Activity: 882

Merit: 254

The rules to become a lender with stable coin are kind of STRICT (if not hard) & not for everyone.
It's not that profitable though if you're not intending to make at least a 50k account for that reason.
Other than that, not worth your patience man.

SkakunVlad

newbie

Activity: 11

Merit: 0

Several platforms and DeFi products allow users to earn an interest rate by lending their cryptocurrencies.

We used Coinmarketcap's "Earn crypto from crypto" tool to aggregate interest rates and terms of lending.

The infographic presents annual rates for lending some cryptocurrencies on platforms like Crypto.com, Fulcrum, Bitfinex, Celsius Network, Nuo, Compound, dy/dx, Nexo and AAVE (NEW).

What has changed from the last time post?
- Interest rates for stablecoins (USDT, DAI, USDC, TUSD) have risen on Fulcrum, Bitfinex, Celsius, NUO, Compound, dYdX.
- Interest rates for cryptocurrencies have fallen almost on all the platforms.

Looks like platforms are interested to get more stablecoins from lenders and are not interested to pay big interest for cryptocurrency lent. Possible reasons for this are as follows: positive market sentiment and future price expectations for cryptocurrencies or/and an increase in the demand for stablecoins from margin trading providers.

>>>>>Check the ILLUSTRATION HERE<<<<<

Topic: Annual rates for lending some cryptocurrencies. (Read 134 times)