The best way to accumulate a lot of Factom is to lend your existing balance so that traders use it to short. This could be one of the most legendary plays in the making. Watch for when the sell side decreases. This is when traders are not lending it in large amounts.
How is this going to help people accumulate a lot of Factom? The average interest rate is what 0.01% and lower. At this rate, one need to lend 100k FCT lent in order to make less then 10 FCT per day. Dont forget Polo taxes 15% of your profits. This is simply NOT possible.
I agree that the gains are minimal, and you are just wasting your time lending for 0.01%, minimum rate for me is 0.1%
But there are times when the rates go through the roof, was getting 0.4% last week, which comes to about 160% annually. Solid return if it keeps up, but it rarely stays that high for more than a few days before money starts moving in. The Polo lending system is terrible which creates these weird distortions, ended up writing a script to update prices and get the best return. Nothing worse than leaving it on autorenew and lending out money for a quarter of the market rate.