Bitcoin Forum

Economy => Long-term offers => Topic started by: dust on August 22, 2012, 05:58:37 AM


Title: [Cancelled] Kraken Fund Passthrough for 4-8 weeks
Post by: dust on August 22, 2012, 05:58:37 AM
This offer is no longer available as I have withdrawn from the Kraken fund.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 (https://bitcointalk.org/index.php?topic=100913.0), 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.  

Title: Re: Kraken Fund Passthrough for 4-8 weeks - 300BTC Available
Post by: StrictlyBusiness on September 03, 2012, 04:22:22 AM
May seem like a dumb ? But what's the return payout on 30 btc?

Title: Re: Kraken Fund Passthrough for 4-8 weeks - 300BTC Available
Post by: PatrickHarnett on September 03, 2012, 05:15:48 AM
Somewhere from 0 up.  That's uncertain and depends on portfolio performance.


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