DeFi lending with MakerDao or Oasis give 8% interest in Ethereum

JeotQ

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Quote from: greentech2 on February 20, 2020, 01:54:12 AM

I see DeFi lending in ETH giving 8% interest. Do you know which one is the good website or good app?
Thank you.

I don't use loan services from any platform but if I have to recommend any trusted website that will be binance and Kucoin, they work flawlessly

sunsilk

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Quote from: shoreno on February 21, 2020, 04:30:45 AM

he didnt clearly state if what he will be needing

He's probably an investor and looks for a better place to earn more than 8% interest through lending besides the given DeFi's on the title.

This thread got an interesting attention and points of what DeFi's are. @OP, I think you have already found a good answer and we've learned something new today.

shoreno

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Quote from: Rodeo02 on February 20, 2020, 09:53:00 AM

Quote from: ChuckBuck on February 20, 2020, 03:39:52 AM

I don't use loan services regularly, so I don't know much about loan applications

But there's one thing that I can be sure of, that all of it require collateral Roll Eyes

so if you have collateral, I think it's easier if you make a loan with users on this forum, you will pay the fees lower than 8% above Wink

So go here (Lending) and make a mortgage loan Wink

i think he is not looking for a loan but want only to invest in any defi lending project . Since he is looking for 8% interest annually.

I have no idea about defi or lendinh the only one thing i know is salt which is different from what you are looking OP.

he didnt clearly state if what he will be needing so i assume that the op is looking for a lending platform to loan money with and he is comparing other platform if which gives lower interst rate . we people obviously love to loan money with the company that only ask for less interest so that we can enjoy our loans and repay only with an appropriate amount . i also agree with what chuck said . there are many lenders on this forum and some offers fair loans . most important is we can be sure with their credibility by looking on thier reputation .

squatz1

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Flying Hellfish is a Commie

Quote from: AdolfinWolf on February 20, 2020, 04:02:26 PM

Quote from: squatz1 on February 20, 2020, 02:26:34 PM

There is many in the space that are going to be great for you:

DefiSaver is one that is pretty helpful, their smart contract lets you go between the different platforms to go on the one with the highest interest and the one that you trust.
IEarn.Finance is one of the newer ones, has a pretty attractive APR at the moment but hasn't been around for that long.

Check out LoanScan.io as well, as they post everything on there.

Happy DeFi

Who takes out loans with these guys, when there is a 50%( 50k on 25k!) collateral needed?

With 8% interest rates on crypto* are they not overcollateralized as **, as in, they have way more people "investing" in them than people taking out loans?
Why would newer platforms offer higher APR than older more established platforms which probably securitize more loans? Who's taking out loans on these new platforms, especially when you need to overcollateralize by 50%? (I'd be wary of new platforms running with my collateral!)

I don't understand these Lending platforms, and what i do understand about them just makes them look scummy to me, for example, sites such as Celsius and Nexo only let you earn high interest over the first x bitcoin, and on top of that, they want you to not put that money in bitcoin, but into their shit token??

Celsius, Nexo, and BlockFi are all custodial versions of this. I would never lump this into the Decentralized Finance that ETH is promoting. These are people that hold your money and then provide you interest, like a bank, but without the safeguards of a traditional bank (in the US think of the FDIC, in EU I know you guys have something similar)

But typically people who are taking out these loans are using the money to use margin to bet on crypto -- either up or down, and they are paying people 7-10 percent for the usage of their money (this is going to differ from platform to platform) I think DeFi is amazing though, very cool, as no one has control of your money besides a smart contract. Trust the code is what you do in DEFI. There are some other risks present as well, but I've relaxed those for a moment.

Coinbase Earn has some info on learning about DAI (a decentralized stablecoin) if you're interested.

AdolfinWolf

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Quote from: squatz1 on February 20, 2020, 02:26:34 PM

There is many in the space that are going to be great for you:

DefiSaver is one that is pretty helpful, their smart contract lets you go between the different platforms to go on the one with the highest interest and the one that you trust.
IEarn.Finance is one of the newer ones, has a pretty attractive APR at the moment but hasn't been around for that long.

Check out LoanScan.io as well, as they post everything on there.

Happy DeFi

Who takes out loans with these guys, when there is a 50%( 50k on 25k!) collateral needed?

With 8% interest rates on crypto* are they not overcollateralized as **, as in, they have way more people "investing" in them than people taking out loans?
Why would newer platforms offer higher APR than older more established platforms which probably securitize more loans? Who's taking out loans on these new platforms, especially when you need to overcollateralize by 50%? (I'd be wary of new platforms running with my collateral!)

I don't understand these Lending platforms, and what i do understand about them just makes them look scummy to me, for example, sites such as Celsius and Nexo only let you earn high interest over the first x bitcoin, and on top of that, they want you to not put that money in bitcoin, but into their shit token??

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

There is many in the space that are going to be great for you:

DefiSaver is one that is pretty helpful, their smart contract lets you go between the different platforms to go on the one with the highest interest and the one that you trust.
IEarn.Finance is one of the newer ones, has a pretty attractive APR at the moment but hasn't been around for that long.

Check out LoanScan.io as well, as they post everything on there.

Happy DeFi

Rodeo02

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avatar and signature space for rent !!!

Quote from: ChuckBuck on February 20, 2020, 03:39:52 AM

I don't use loan services regularly, so I don't know much about loan applications

But there's one thing that I can be sure of, that all of it require collateral Roll Eyes

so if you have collateral, I think it's easier if you make a loan with users on this forum, you will pay the fees lower than 8% above Wink

So go here (Lending) and make a mortgage loan Wink

i think he is not looking for a loan but want only to invest in any defi lending project . Since he is looking for 8% interest annually.

I have no idea about defi or lendinh the only one thing i know is salt which is different from what you are looking OP.

ChuckBuck

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better everyday ♥

I don't use loan services regularly, so I don't know much about loan applications

But there's one thing that I can be sure of, that all of it require collateral Roll Eyes

so if you have collateral, I think it's easier if you make a loan with users on this forum, you will pay the fees lower than 8% above Wink

So go here (Lending) and make a mortgage loan Wink

greentech2

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Activity: 86

Merit: 10

I see DeFi lending in ETH giving 8% interest. Do you know which one is the good website or good app?
Thank you.

Topic: DeFi lending with MakerDao or Oasis give 8% interest in Ethereum (Read 148 times)