[ANN] Cryptolend.net - Automatic online lending

[gdupont]

Crypto Lend takes care of lending your crypto money on the known exchanges for margin funding traders.

Forget manual renew and constant monitoring! Better than FRR and auto renew! Let our engine renew your offers. You don't have to take care about the computer program. Simply create an account, pick up a strategy and monitor the results with simple charts.

We currently support USD, Bitcoin and all crypto from Bitfinex and Poloniex.

Our website is : https://cryptolend.net/

[EDIT]
2016-09-23
Lot of changes on Crypto Lend. Website is now bootstrap and responsive. And we now support 3 new currency-exchange pairs.

2016-10-09
We support 3 additional currencies on Poloniex: ETH, LTC and XMR. And the website now refresh automatically with ajax.

2016-10-29
We now support the complete list of currencies for Poloniex and Bitfinex, that is to say 17 different pairs of Currency-Exchange.

2016-11-05
You can now monitor the margin lending rates at: https://cryptolend.net/rates.html

2016-11-11
Reworked the Contact page. Added an announcement box and a message box for discussion and questions. We are really interested by your remarks.

2016-11-14
We have created a video tutorial to demonstrate how to use our service. Go to: Home -> Help

2016-11-20
First implementation of a warning: monitor your Use rate to ensure it is close to 100%. In the Strategy section, you can set a "Use rate warning". When the Use rate goes under the limit, you will see a warning in the Loans page. The default is 90%. Set it to 0 to disable.

2016-11-23
We have added the funding rate of the Bitmex XBTUSD contract in our Rates webpage. We would like to support the funding feature of bitmex. Stay tuned.

2016-12-01
The header of the web site has been reworked for a better design. Feel free to contact us if you experience a problem with our user interface.

2016-12-10
We have done a lot of background improvements, especially on backoffice robustness.

2016-12-11
Big changes here! We now support a new platform: Bitmex. Use Cryptolend to earn interests by shorting Bitmex XBTUSD swap. Go to the bottom of the strategy page to learn more.

2016-12-28
We now support ZEC funding on Bitfinex, thanks to the remark of one of our user.

January 2017
On Bitmex funding, you can now use leverage (up to 5x). See help for details. Please use with caution and watch closely the Margin call price as we have not implemented any safeguard. We also did several improvements for engine stability.
In a thrilling partnership with one of our user, we developped a complete new strategy: the Long maturity strategy. Its goal is to prioritize rates over maturity. The bet is that 30-days loans will be closed out long before term, so we can focus on highest available rates whatever the maturity. See help for details.

February 2017
We now support Quoine Exchange and its 11 currencies open to Margin Lending ! Earn interest on Euro, US Dollar, Japanese Yen, Chinese Yuan, but also Indonesian Rupiah, Philippine Peso, Indian Rupee, Australian Dollar, Hong Kong Dollar, Singapore Dollar. See Help for details.
Security is our number one priority. We have strengthened the Log In process. All cookies will be deleted after a few minutes. Check ‘Remember me’ only on your personal device.
Last improvements: Loans page loading time divided by 2. Balance and Gain charts now display your complete historical data. You can adjust timescale with the Zoom panel (shortcuts + date picker).

March 2017
Our bot process all users each 1 to 2 minutes. We now monitor the Availability, which is the % of time the bot runs on each exchange. See clock icon on top banner. Last days average is 99 to 100%. Most outage are due to exchange API disconnections or bugs in our bot.
Display your current funding in % per day or compounded per year (see Account settings). Nice 1000%/year on Bitmex this week.
Bitfinex DSH and XMR are now available to margin lending.

April 2017
New strategy available! Split your initial funds over a period of time, to divide your loans in small chunks and profit from average rate.

May 2017
We are introducing the Premium membership, to help us cover the running costs and beer supply: https://cryptolend.net/premium.html
You can now see a demo account with a small amount and the default strategy. Signup in 2 minutes, then open: https://cryptolend.net/mrdemo.html

[gdupont]

reserve

[densuj]

I have opened your website and it is not too support for smartphone Android. Do you can you fix it?

[gdupont]

hello densuj,

I tested the correct display of the website on firefox and chrome for android.

An android app is not a priority for the moment but I will keep it in mind.

[densuj]

hello densuj,

I tested the correct display of the website on firefox and chrome for android.

An android app is not a priority for the moment but I will keep it in mind.

Ok thank you for your answer. But as we know today is era of smartphone and you must follow it. If your website wanna survive.

[gdupont]

Hi densuj,

The bot running at Crypto Lend can grow your capital of several %/year, and we can not steal your money by design. You can get it now with your favorite browser app on android, even if I acknowledge that a dedicated app would be great.

We would also like to add alt currencies and especially new strategies. Anyway, I will do my best to follow your good remark as soon as possible.

[avatar_kiyoshi]

The site is not professional, the concept is make me doubt and fear to use your service, I just go to poloniex website if I want to do a lend/loan. Why risking with your site

[eternalgloom]

The site is not professional, the concept is make me doubt and fear to use your service, I just go to poloniex website if I want to do a lend/loan. Why risking with your site

Yeah, I have the same concerns, the design of your website is not all that appealing and you should really hire someone to write the text on your website.

[gdupont]

Hi, Thank you for your advice. You are right, the website is not professional, and we are not speaking native english. We will try to improve these issues with the means available.

On the other hand, it is free and your money can not be stolen, by design. We had a return of 20% last year. I wonder how you can get this value without running a bot ? If you can, our website is useless. Else, please do not pay too much attention to the appearance and feel free to try our service.

[gdupont]

It took us longer than expected, but we updated the design of our web site. The site is now easier to use on smartphone. And we replaced the jpgraph module by highcharts.

Change to the term of use : We are financed by our own gains, so our service is free, and it will remain so. Our goal is only to create a club of lenders.

Our short term roadmap is now: add main alt crypto currencies.

And we would like to improve the english texts of the website, as we are not native english speaking.

[SparkedDev]

There is many errors going off on your site currently:
Js
spacing errors
and many others.

The template you used needs to be fixed of these some people in this community are really anal about ux/ui.
You should also edit your htaccess to push https instead of http especially since it has a login.

[crazyivan]

Your service s free? Yeah, right, NOTHING costs NOTHING my friend. I suggest caution.

[gdupont]

Thanks for your remarks. We are clearly not skilled for the front end part of the project. It is agreed that we will redo our homework once again.

Regarding the costs, this project is quite small, in expenditure and time. We think that there is no way it could exists as a paid service. Our interest is to create a club of lenders, and maybe improve lending bot strategies together, for example by allowing lenders to publish their lending strategies.

Indeed, we have spotted 30% APY (https://blog.bitmex.com/pricing-bitfinex-default-risk/), 10-15% (https://www.poloniexlendingbot.com/help). We got ~20% last year and we think that there is surely different lending strategies.

[SparkedDev]

Your service s free? Yeah, right, NOTHING costs NOTHING my friend. I suggest caution.

Yeah that's what c0ncerns me also.

[gdupont]

We have done a lot of changes on Crypto Lend the last weeks.

On the frontend, https is now activated and the website ui has been redesigned from scratch, using the last Bootstrap framework. The site is now fully responsive, and W3c compliance is much better.

Regarding the lending bot, we added 3 new currency-exchange pairs :
- ETH on Bitfinex
- ETC on Bitfinex
- LTC on Bitfinex

[HeroCat]

The website is very good and design too, but profit ~ 20% per year is not too much. So may be it is possible to make profit higher.  

[Hazir]

We have done a lot of changes on Crypto Lend the last weeks.

On the frontend, https is now activated and the website ui has been redesigned from scratch, using the last Bootstrap framework. The site is now fully responsive, and W3c compliance is much better.

Regarding the lending bot, we added 3 new currency-exchange pairs :
- ETH on Bitfinex
- ETC on Bitfinex
- LTC on Bitfinex

You sure that using Bitfinex (a big exchange which suffered recently from the biggest hacking incident in history of Bitcoin, since Mt Gox) is a wise idea?
Why don't you use some exchange with impeccable reputation?

[gdupont]

Regarding the yearly rate, our current strategy is to maximize the lent capital. We call it the Use Rate = avg lent / avg capital, in % per day. We try to get it close to 100%.

On top of that, we try to avoid rates really too low. They can come from the “auto renew” people, from “volatile” days, and also from large lent amount returned by margin lenders, which collapse the rate for a moment. We are displaying live charts to monitor the efficiency of our engine.

Now, we would like to build new strategies, either on top of the existing, or from scratch. It’s on the roadmap, and we are also open to suggestions.

This week, we improved the balance monitoring. We now calculate the total gain without the capital change, so that deposits and withdrawals are no more included in total gain.

You sure that using Bitfinex (a big exchange which suffered recently from the biggest hacking incident in history of Bitcoin, since Mt Gox) is a wise idea?
Why don't you use some exchange with impeccable reputation?

We think that Bitfinex is very risky, considering what happened this summer. Our service is only a tool, it can't decide if the return is worth the risk. On the other hand, Poloniex has been hacked too. That which does not kill you, makes you stronger.

Anyway, we are currently working on the other margin crypto from Poloniex, in addition to BTC. Coming soon.

Do you know another exchange with interesting margin lending ?

[gdupont]

Due to security improvement, we had an issue in the webpage to create new account.

The bug is now solved. We are sorry for the inconvenience.

[gdupont]

We are pleased to announce the support of 3 additional currencies on Poloniex: ETH, LTC and XMR.

We also replaced some clumsy parts of the website with ajax, to make it smoother. The intra day chart and returns balance now renew automatically, without reloading the whole page.