Binance USD Lending - Better % Than Any Bank
APR in banks sucks now so there is more and more lending products out there in crypto world where you can make depending on the coin up to 10% a year. Passive stuff as hell, places that have the offers all the time are listed here - best cryptocurrency lending products
Binance sometimes opens this thing for different coins and this time USDT is gonna run at 6% APR.
To join the party as you can see you can use up to 1 million USD in Tether.
- register or open Binance
- top left - Earn -> Lending
- Join
So if you example you sold BTC yesterday for USDT you can now rebuy the same amount and take the USDT to 30 day 6% freeze. Win-win.. ;)
So yes guaranteed APR is better when the swings are so big on everything. Just remember its guaranteed by Binance not the god allmighty - not your privkeys not your coins.
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I was expecting more from Binance, your locking your coins up for 30 days, all the other lending platforms I know about are offering 8% flexible on stable coins.
Binance doesn't need to offer better % because it has biggest pool and trust of people. Smaller exchanges offer better % because they have less pool and liquids.
Posted using Partiko Android
I actually have some funds on their flexible lendings and I was a bit saddened when earlier this week they lowered interest from 2.99% to 2.88%, I'm going to try and get some in into this one as well. The return per thousand daily should be around $0.165 very good stuff.
@updooter