BTC lending sites? - GoFuckYourself.com

Paul&John · 05-11-2023, 11:10 AM

Hi there!

Anyone got some BTC at crypto lending sites? I've a little at Ledn IO but they keep lowering interest rates and currently its pretty low - 1.5%. I guess it's not worth the risk anymore considering they can go tits up as any other platform, better just move it elsewhere or out to Trezor.. Tried to look at some comparisons, but most of them list only a few sites (where they earn from referrals) and many times with outdated APY..

Thanks!

wankawonk · 05-11-2023, 11:21 AM

if you're borrowing you're gonna want to use a DeFi protocol -- AAVE. The interest rates are low, i've never seen them above 4% and they're usually below 3%. there's very little risk of it going tits up because its all algorithmically driven, there's no shady company behind the scenes doing whatever they want with your funds. your funds are safe in the protocol.

for lending....instead of lending, you're much better off to hold USDC on coinbase. 4% interest currently. its coinbase, there's essentially no risk.

Paul&John · 05-11-2023, 11:35 AM

The thing is that I want to lend BTC.. its a part of my portfolio i'm HODLing.

wankawonk · 05-11-2023, 06:50 PM

Quote:

Originally Posted by Paul&John

The thing is that I want to lend BTC.. its a part of my portfolio i'm HODLing.

the interest rates for that are inherently shit because the only reason to borrow BTC is to short it. not many people doing that.

Pim(P) · 05-11-2023, 08:46 PM

I'm using Nexo

Rebel D · 05-12-2023, 12:42 AM

Logging into Poloniex to retrieve my referral code I notice: 29,500,000 KING Airdrop to Celebrate the Listing of KING (KING). Great earn support too op.

05-11-2023, 11:10 AM	#1
Paul&John Confirmed User Industry Role: Join Date: Aug 2005 Location: YUROP Posts: 8,597	BTC lending sites? Hi there! Anyone got some BTC at crypto lending sites? I've a little at Ledn IO but they keep lowering interest rates and currently its pretty low - 1.5%. I guess it's not worth the risk anymore considering they can go tits up as any other platform, better just move it elsewhere or out to Trezor.. Tried to look at some comparisons, but most of them list only a few sites (where they earn from referrals) and many times with outdated APY.. Thanks! __________________ Use coupon 'pauljohn' for a $1 discount at already super cheap NameSilo! Anal Webcams \| Kinky Trans Cams Live \| Hotwife XXX Tube \| Get your Proxies here

05-11-2023, 11:35 AM	#3
Paul&John Confirmed User Industry Role: Join Date: Aug 2005 Location: YUROP Posts: 8,597	The thing is that I want to lend BTC.. its a part of my portfolio i'm HODLing. __________________ Use coupon 'pauljohn' for a $1 discount at already super cheap NameSilo! Anal Webcams \| Kinky Trans Cams Live \| Hotwife XXX Tube \| Get your Proxies here

05-11-2023, 11:21 AM	#2
wankawonk Confirmed User Industry Role: Join Date: Aug 2015 Posts: 1,017	if you're borrowing you're gonna want to use a DeFi protocol -- AAVE. The interest rates are low, i've never seen them above 4% and they're usually below 3%. there's very little risk of it going tits up because its all algorithmically driven, there's no shady company behind the scenes doing whatever they want with your funds. your funds are safe in the protocol. for lending....instead of lending, you're much better off to hold USDC on coinbase. 4% interest currently. its coinbase, there's essentially no risk.

05-11-2023, 08:46 PM	#5
Pim(P) Confirmed User Industry Role: Join Date: Jun 2005 Posts: 583	I'm using Nexo

05-12-2023, 12:42 AM	#6
Rebel D Registered User Industry Role: Join Date: Jan 2004 Location: Ontario Posts: 3,916	Logging into Poloniex to retrieve my referral code I notice: 29,500,000 KING Airdrop to Celebrate the Listing of KING (KING). Great earn support too op.