BTC Lending Market (Poloniex) Discussion

[JammyDodger]

Whats up with the ridiculous loan offers on ETH,  0.0001%  was around 0.0030% a week ago.

[1714852980]

1714852980

[alyssa85]

Whats up with the ridiculous loan offers on ETH,  0.0001%  was around 0.0030% a week ago.

The rates for alts like ETH will only go up if there is shorting activity (where the trader has to borrow ETH to sell on margin).

[marketone]

Whats up with the ridiculous loan offers on ETH,  0.0001%  was around 0.0030% a week ago.

The rates for alts like ETH will only go up if there is shorting activity (where the trader has to borrow ETH to sell on margin).

I don't know how this Polo lending works because is there any guarantee that the lender will pay the interest on time. I am very eager to know that whether they will take all the details of us for lending money in Polo.

[brobbel]

I don't know how this Polo lending works because is there any guarantee that the lender will pay the interest on time. I am very eager to know that whether they will take all the details of us for lending money in Polo.

All is automatically. When you lend for 2 days at 13:50 the funds are returned (with interest) no later then 13:50 two days later. Only a few days ago there was a problem with margin trading, so it took a few hours (up to 24 hours I guess) extra before payment returned, but that was the exception.

Poloniex use forced liquidation, when the funds of the trader are too low, so the chance you will receive not all of your money back is small (but exists!). Another problem could be when Poloniex went bankrupt or is going to be hacked.

For more information: https://poloniex.com/support/aboutMarginTrading/

[brobbel]

ive been lending at polo for a few months, no problems. i set most to not renew so go in every couple days to see the rate and modify them based on the market.

i typically only have under 0.5 btc out and break it into several 0.1 and 0.2 loans for 2 days.

what do most of you do?

I set most to auto-renew, but keep a daily eye on things - if the rates are higher than my auto-renew rates, i turn the auto-renew off, and manually set a new rate when the existing loan expires.

I try to lock in high rates for a long time. So if I can lend at a decent rate, I'll set the loan for about 10 days. If I'm lucky, it'll run for at least 3-4 days - it's a nice way of cashing in on the high rates.

I use Poloniex Lending bot ( http://poloniexlendingbot.com/ )
Then your money is going to be lend for a decent recent rate. You can enter a minimum rate, and more details. It works very well for me, because sometimes the lended money is returned shortly after lending, and I'm not watching Poloniex 24/7

I can't find the thread now, but I read a post a while ago of somebody who had the same amount lending in two different accounts. One was done by hand, the other with the lending bot. Even with the 10% fee the bot made more profit.

[spatifilium]

currently earning so little that it is not worth putting assets on loan

[brobbel]

currently earning so little that it is not worth putting assets on loan

?

My outstanding loans are between 0.1379 and 0.2999 %

So the lowest has an interest of over 50 % per year (!) and the highest even over 109 % per year.

I don't think that's little.

[alyssa85]

currently earning so little that it is not worth putting assets on loan

?

My outstanding loans are between 0.1379 and 0.2999 %

So the lowest has an interest of over 50 % per year (!) and the highest even over 109 % per year.

I don't think that's little.

Agree. Perhaps people are getting confused and don't realise that the interest rates quoted are per day?

[spatifilium]

My point is that percentages are very low, they are now 0.0001%
And all my funds are at  MY OPEN LOAN OFFERS and i have a percentage of 0.1000 %
If you have such a rating it's great, but my loans though are active not in use

[brobbel]

My point is that percentages are very low, they are now 0.0001%
And all my funds are at  MY OPEN LOAN OFFERS and i have a percentage of 0.1000 %
If you have such a rating it's great, but my loans though are active not in use

I guess you're loaning altcoins. There are some with better rates, but most are very low. But bitcoin is going very well.

Current rates: (ofcourse very volatile)
 ETH 0.0004%
 BTC 0.1588%
 BTS 0.0901%
 CLAM 0.0050%
 DOGE 0.0020%
 DASH 0.0037%
 LTC 0.0070%
 MAID 0.0001%
 STR 0.0010%
 XMR 0.0001%
 XRP 0.0003%
 FCT 0.0097%

[AiWanChu]

i always get 0.2% interest per day but on crazy days it can go as high ad 5% per day but it doesnt last long

[vapourminer]

with all the poloniex drama of late i pulled my coins out. might have to toss one back for lending and see how it goes.

never had problems with polo in the past couple years but as they say "past performance does not guarantee future performance.."

[daviducsb]

Hi. Could anyone explain to me if there is any easy way to see the current interest rate one is paying on a margin loan on Poloniex? I know I can go to lending and see what's on offer. Some of the rates I am seeing like .001 which I think comes out to 3% apr seem really low to me. How can I tell if that is the rate I'm currently paying without going to the lending page?

thanks in advance!

[p3ppymon]

Hi. Could anyone explain to me if there is any easy way to see the current interest rate one is paying on a margin loan on Poloniex? I know I can go to lending and see what's on offer. Some of the rates I am seeing like .001 which I think comes out to 3% apr seem really low to me. How can I tell if that is the rate I'm currently paying without going to the lending page?

thanks in advance!

This website shows historical data
https://cryptolend.net/rates.html

[fibonArchie]

Yet to understand the difference between the column loan offer and loan demand. Would someone be kind enough to explain. Thanks in advance

[brobbel]

Yet to understand the difference between the column loan offer and loan demand. Would someone be kind enough to explain. Thanks in advance

When you lend, you place a loan offer.

When a former loan is completed and the borrower will renew this for a rate lower then available, it's a loan demand. Only, the loan demands with good rates are never available, mostly due to insufficient amounts (<0.01 BTC for example). The total can be more, but it contains only small parts AFAIK, which can't be lend.

So only look at loan offers, and forget the demands.

[fibonArchie]

Yet to understand the difference between the column loan offer and loan demand. Would someone be kind enough to explain. Thanks in advance

When you lend, you place a loan offer.

When a former loan is completed and the borrower will renew this for a rate lower then available, it's a loan demand. Only, the loan demands with good rates are never available, mostly due to insufficient amounts (<0.01 BTC for example). The total can be more, but it contains only small parts AFAIK, which can't be lend.

So only look at loan offers, and forget the demands.

now understood, cheers

[biggbox]

This is the formula to calculate the daily interest earnings (assuming you lent 1 BTC)

( (current loan rate)% * 1 ) * 0.85

for example, the current loan rate is 0.06%

(1 BTC x 0.06%) x 0.85 = 0.00051 BTC

[kelceyott]

So just stumbled across this recently.  What kind of prices, volume & terms have you guys who lend & borrow BTC for trading been getting?

Just as BTC is a valuable and valuable currency, lending can happen. Just like a bank gives us a loan and pay interest every month. If the bitcoin loan happens, we will get information as to if there is fraud. Because transactions on bitcoin are confidential transactions we do not need to know each other.

[Dashka]

Hello all,

Is rate a daily or 2 days as marked?

https://2.bp.blogspot.com/-mKqJ6-CDEXg/WXyIuw_tCrI/AAAAAAAAg_A/n6nPjvVL5dsOt_wJwxcE3_coQOAm50pgwCLcBGAs/s1600/Captureasadsadasdas.PNG