[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   

File: 55 KB, 560x828, 1413588385430.jpg [View same] [iqdb] [saucenao] [google]
2692112 No.2692112 [Reply] [Original]

Anyone lend BTC on Poloniex?

How does it work exactly? I see a lot of loan offers, and only 3 loan demands, for some shitty short term loans with crap rates.

>> No.2693093

whenever there is a lot of volatility demand spikes and so do the fees, but in general it isn't worth the risk.

a couple of months ago i lend some btc @0.77%/day for a few days but those rates are very rare

>> No.2693269

This is what I get from poloniex lending:

0.08640% Day Avg.
0.07344% Day Eff.
26.81% Year
30.73% Year Comp.

>> No.2693431

>crap rates

kek these are payday lending tier rates

>> No.2693515

Essentially you can use it as shorting - demand a loan, sell the btc for fiat, if in 3 days btc has fallen buy back and repay loan and you'll have made a few bucks.