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Bitcoin Forum > Economy > Marketplace > Lending > Long-term offers > [Cancelled] Kraken Fund Passthrough for 4-8 weeks

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Author Topic: [Cancelled] Kraken Fund Passthrough for 4-8 weeks  (Read 1742 times)
dust (OP)
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August 22, 2012, 05:58:37 AM
Last edit: September 09, 2012, 02:27:03 AM by dust
 #1
This offer is no longer available as I have withdrawn from the Kraken fund.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, 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.  
Cryptocoin Mining Info | OTC | PGP | Twitter | freenode: dust-otc | BTC: 1F6fV4U2xnpAuKtmQD6BWpK3EuRosKzF8U
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September 03, 2012, 04:22:22 AM
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May seem like a dumb ? But what's the return payout on 30 btc?
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September 03, 2012, 05:15:48 AM
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Somewhere from 0 up.  That's uncertain and depends on portfolio performance.
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