Anyone tried to use scripts to automate lending and automatically adjust the interest rates? There is one on github but it is not working very well, or poloniex blocked it.
No, I'm doing it manually with the Factom I have.
It's actually a fun way to enter into the world of margin trading without taking the risks that margin traders undertake. In my case, I manually set the daily interest rate at 0.03% to 0.04% in most cases. I'm already noticing that most of my loans get picked up when the Factom market becomes volatile, even when my offers are well above the low offer. On the other hand, when Factom's stable, loan offers set at 0.005% go begging.
FWIW, here's a quick table of daily interest rates compounded to annual:
0.005% daily......1.84% annually
0.01% daily.......3.71% annually
0.015% daily......5.56% annually
0.02% daily........7.57% annually
0.025% daily......9.55% annually
0.03% daily.......11.56% annually
0.035% daily.....13.62% annually
0.04% daily.......15.71% annually
0.045% daily.....17.84% annually
0.05% daily.......20.02% annually
[and so on...]
Of course, the above yearly rates assume that the alts are continuously borrowed - which is not the case. And that's where the challenge comes in: finding a rate that's high enough to produce a decent return but isn't high enough to leave your alts idle.
The neat part about the Lending market is that you have to pay attention to the market for the alt itself almost as if you were a margin trader or short seller - but you're taking a lot less risk than the foregoing punters. It's a real learning experience.
