Topic: [Cancelled] Kraken Fund Passthrough for 4-8 weeks (Read 1764 times)
Somewhere from 0 up. That's uncertain and depends on portfolio performance.
May seem like a dumb ? But what's the return payout on 30 btc?
This offer is no longer available as I have withdrawn from the Kraken fund.
I am offering a passthrough to my deposit in Patrick Harnett's Kraken fund, which is currently closed to new users. I intend for the duration of this deal to be 4 to 8 weeks. I reserve the right to return your funds with interest after one month has passed, and intend to do so within 8 weeks. You, the depositor, may also request withdrawal during any week and receive your deposit with interest after that weeks payment. Patrick said he will pay interest on Fridays. I will pay out interest as soon as possible, within 24hrs of when Patrick pays. The first payment should be this Friday, once you deposit I will prorate the interest for this week on a daily basis.
I will take a 5% fee out of the interest payments. This lower than the 10% fee of the KRAKEN passthrough on GLBSE. The maximum weekly rate is 2.5%, so the maximum fee I will collect is 0.125%.
This is a passthrough, If Patrick Harnett defaults, you lose your deposit.
I am looking to deal with only one person for 300BTC. If there is no interest in the full 300BTC, I will consider 30+BTC chunks. Feel free to post your level of interest if it is >=30 BTC.
I will take a 5% fee out of the interest payments. This lower than the 10% fee of the KRAKEN passthrough on GLBSE. The maximum weekly rate is 2.5%, so the maximum fee I will collect is 0.125%.
This is a passthrough, If Patrick Harnett defaults, you lose your deposit.
I am looking to deal with only one person for 300BTC. If there is no interest in the full 300BTC, I will consider 30+BTC chunks. Feel free to post your level of interest if it is >=30 BTC.
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