[ANN] Cryptolend.net - Automatic online lending

[pornluver]

Today we are introducing the Premium membership, to help us cover the running costs and beer supply: https://cryptolend.net/premium.html

Good addition, and I find it to be fair. Only kicks in after you've profited $250, and you're just asking a little over $1/mo for it. That's more than fair.

Keep doing what you're doing!

Dude I have balances in BTC and SRT

This is my dashboard

Hmmm minimum offers for lending for SRT is 1.4 %. Yet you are lending my STR at .9%



I think there should be strategy where we lend money at 50% higher than water margin, and then check every 2-3 minutes and lower our offers.

I can see that I am lending BTC. I saw graph in dashboard. However, BTC is not the only thing I am lending. Say I want to know what happen to my STR balance. What should I do?

Here is my screenshot

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[ranlo]

//Stuff

Between rate and use, there are icons. Those are what change the coin you're looking at in the charts. As for the lending amount, as far as I can tell, it will only go as low as the lowest offering -- so there was likely a flash crash. If you watch rates, for example, even though a rate may show 0.1%, people will often throw coins up at 0.05 or so. Doesn't make sense but they do it.

[pornluver]

Do you have logs what loan are you creating?

BTC rate is .6 percent at minimum and it seems that all my BTC is being loaned at .2% .1 %

bla bla

Some of it may have happened before I used your service. I am just curious.

When you create loan, do you check the loan market price?

Sometimes if the lowest bid offer is .6 %, for example, if I put .8% and wait 10 minutes things sort of work.

[pornluver]

Do you have logs what loan are you creating?

BTC rate is .6 percent at minimum and it seems that all my BTC is being loaned at .2% .1 %

bla bla

Some of it may have happened before I used your service. I am just curious.

When you create loan, do you check the loan market price?

Sometimes if the lowest bid offer is .6 %, for example, if I put .8% and wait 10 minutes things sort of work.

Everything works great. However, it seems that most of my money are being lent at a rate far below the market price.

Actually what does loan duration mean?

It seems that I can set loan duration to 60 days and still the loan is closed long before 60 days

[pornluver]

//Stuff

Between rate and use, there are icons. Those are what change the coin you're looking at in the charts. As for the lending amount, as far as I can tell, it will only go as low as the lowest offering -- so there was likely a flash crash. If you watch rates, for example, even though a rate may show 0.1%, people will often throw coins up at 0.05 or so. Doesn't make sense but they do it.

ven though a rate may show 0.1%, people will often throw coins up at 0.05 or so.

What does it mean?

If rate drops temporarily I do not think I should lend at that rate.

[ranlo]

//Stuff

Between rate and use, there are icons. Those are what change the coin you're looking at in the charts. As for the lending amount, as far as I can tell, it will only go as low as the lowest offering -- so there was likely a flash crash. If you watch rates, for example, even though a rate may show 0.1%, people will often throw coins up at 0.05 or so. Doesn't make sense but they do it.

ven though a rate may show 0.1%, people will often throw coins up at 0.05 or so.

What does it mean?

If rate drops temporarily I do not think I should lend at that rate.

You keep responding to me so I want to clarify that I do not own, nor work for Cryptolend. I actually just recently started using them myself.

On your loan duration, the duration is the maximum time. When someone trades on margin, they can pick a length of time to borrow for. They can close it early if they want, or extend it for the entire period. If you set 2 days, they can ONLY borrow from you if they promise to close their position within 48h. If you set 60 days, they have 60 days but can close it after 1 minute or 59 days, 59 hours, and 59 minutes, all up to them.

[pornluver]

//Stuff

Between rate and use, there are icons. Those are what change the coin you're looking at in the charts. As for the lending amount, as far as I can tell, it will only go as low as the lowest offering -- so there was likely a flash crash. If you watch rates, for example, even though a rate may show 0.1%, people will often throw coins up at 0.05 or so. Doesn't make sense but they do it.

ven though a rate may show 0.1%, people will often throw coins up at 0.05 or so.

What does it mean?

If rate drops temporarily I do not think I should lend at that rate.

You keep responding to me so I want to clarify that I do not own, nor work for Cryptolend. I actually just recently started using them myself.

On your loan duration, the duration is the maximum time. When someone trades on margin, they can pick a length of time to borrow for. They can close it early if they want, or extend it for the entire period. If you set 2 days, they can ONLY borrow from you if they promise to close their position within 48h. If you set 60 days, they have 60 days but can close it after 1 minute or 59 days, 59 hours, and 59 minutes, all up to them.

Oh so I can actually get more people borrowing if I set things for 60 days.

Some loan offers are like 2-60 days in poloniex. I wonder how do they do so? Is it the same with 60 days?

Also does cryptolend ever create open loan offer? It seems that they are price taker or is it?

[gdupont]

hi pornluver,

Sorry for the late answer.

Regarding the STR lending: our bot is not designed very well for very high rates and high volatility. The STR lending rates have seen large movements, and our bot only check every 1 to 2 minutes (which is quite quick, but not real time). So you may see offers with lower rates than could be at best.

Our main strategy is to maximize the Use rate of your funds, so that it is lent most of the time and bring you back highest rate possible on the long run. As you will see, Lending is most of the time a marathon rather than a speed race.

To watch the details and charts on your STR lending, simply click on the small icon between "Tod. rate" and "Use" in the Overview panel. The charts will change to this currency.

The setting Duration is the maximum amount of time our bot let an offer open, before closing it. It is not the duration of the loan itself. Please click on the title of the settings to see a tooltip box explaining each settings. You can also read the Help page to know more about each strategy.

I hope I answered all your questions. Feel free to join us on our slack channel, if you have more questions. See the link in the footer of the web page.

By the way, thanks a lot to ranlo for his answers.

[gdupont]

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

[pornluver]

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

For some reason, cryptolend do not create any loan even though I have tons of money available and my loan limit is way below the going rate for the loan.

It's been hours and the money is just sitting there. Sometimes some loan are closed and cryptolend start creating new loan. It simply stop.

I checked that it may be because of "wall"

What I usually do if I manually create loan offer is I do not offer something on top. For example, lowest rate may be 16%. I don't offer 16%. I offer about half a page below. If no body borrow, I lower my rate again. Usually someone borrow.

[pornluver]

Your bot is doing fine for BTC

Hmmm...

Here is another screenshot.

Clearly the going rate is above my minimum rate.



However, 20k STR is just sitting there in poloneix



The settings are like these

Code:

http://Min depth amount = 5 STR

Max duration offer = 2 min

Min offer amount = 0.05 STR

Min offer rate = 0.05 %/d

Threshold long offer = 0.1 %/d

Wall strategy = Not active

Keep amount = 0 STR

Initial split strategy = Active

Split window = 48 h

Split threshold = 60 %

Alert settings

Use rate warning = 90 %

So I have no idea why your bot simply left the money idle there. The wall strategy is off.

[ranlo]

//stuff

I'm 99% sure your issue is this:

"Initial split strategy = Active

Split window = 48 h

Split threshold = 60 %"

You're telling it to split over a period of 48h (or do listings 48h apart). Not 100% sure how that works but I'm fairly certain your issue lies here.

[pornluver]

//stuff

I'm 99% sure your issue is this:

"Initial split strategy = Active

Split window = 48 h

Split threshold = 60 %"

You're telling it to split over a period of 48h (or do listings 48h apart). Not 100% sure how that works but I'm fairly certain your issue lies here.

Oh that's the problem. Can I turn everything back to "default"

[pornluver]

I found something interesting. The "wall" section

Basically it set minimum loan rat at certain amount and keep lowering it. That's awesome



I need only one improvement. Can it lower (remove open orders and recreate a bit lower) once every 2 minutes instead of 2 hours?

That'll be perfect.

And perhaps set that minimum a bit above minimum bid offers and that'll do.

Actually why does the minimum rate go up and down like that? Can anyone explains?

[pornluver]

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.

Your site looks GREAT and it DOES the job. Please just be happy and accept my thanks. I am now a novice. It seems that I can't choose any strategies.

I am interested in

cryptolend Bitmex XBTUSD

It seems that my balance is always .022 XBT USD.

Anyone tried 5 times leverage? Will it reduce expected value? Or will expected value and standard deviation be bigger?

How do I know how much money I have in bitmex?

[gdupont]

You can now limit the 'Max Loans Duration' in your strategy. Update this value everyday, to ensure that your loans don't go over the UASF date. Also, we have added the possibility to reset the strategy to default settings values.

[pornluver]

This is what I see

Total gain = +0.04899080 BTC
Total gain (equ) = +106.30 USD
with 3493.14 USD (avg)
with 1.031 BTC (equ) (avg)
in 7 days
Total Rate = 158.68 %/year

Today 2017-05-25
Contracts = 4145 USD
panel3 = 1.05051 BTC
Rate = 0.191439 %/d
Gain = 0.00303878 BTC
Gain (equ) = 7.94 USD
Next funding @ 0.3750 %/8h
Leverage = 2.75821
Margin call @ 4056.3 BTC
UnrealisedPnl = -0.48437 BTC

What does unrealized  pnl
mean? If I lend at bitmex am I shorting btc? Total gain is.04 btc in 7 days impressive. What is that unrealized pnl?

I set leverage to 5.what does that mean?  Will I get 5 times interest all else same or what?

[gdupont]

Hi pornluver, Please be very careful with our Bitmex strategy. It is not Margin Lending at all, but Derivatives. We advice you to read carefully about this, and be sure to understand fully the mechanism and its consequences. Read again the Bitmex blog post from our help on Bitmex and its references. You will change your BTC into USD equivalent (short XBTUSD) and will earn funding interest only on USD equivalent. Please also monitor closely the Margin call price and leverage. Our bot will not take care of this part. You may lose your capital or earn negative interest, depending on your strategy and on the bitcoin trend.

[pornluver]

Hi pornluver, Please be very careful with our Bitmex strategy. It is not Margin Lending at all, but Derivatives. We advice you to read carefully about this, and be sure to understand fully the mechanism and its consequences. Read again the Bitmex blog post from our help on Bitmex and its references. You will change your BTC into USD equivalent (short XBTUSD) and will earn funding interest only on USD equivalent. Please also monitor closely the Margin call price and leverage. Our bot will not take care of this part. You may lose your capital or earn negative interest, depending on your strategy and on the bitcoin trend.

What does. 46 unrealized pnl mean? Anyone else tried this?

I put 1 btc there. If I close now will I have only.5 left? Your system said total gain is. 05 btc. Then it says -. 46 btc unrealized pnl just for today. Anyone tried putting 1 btc for 1 year? Yes interest is negative once in a while. I do not mind. I worry that I am shorting btc effectively

It seems that shorting xusdbtc means I lost money if btc price goes up. It went up and I have tons of - pnl now. Great

Oh boy. Shorting means betting that btc will drop. BTC went up and there goes a lot of money. Wow.


Interesting.

I stopped lending and have .55btc. I think you should make your warning more clearly here. If we use bitmex we don't just get higher interest rate. we also bet against btc!!!!!!!

this may not be bad. Say you want to buy btc and hedge it by shorting future. However, this one is for expert.


This stuff is good if you want stable income without knowing btc will go up or down
Ha ha ha ha ha....

[gdupont]

Last updates: See our growth statistics on the page https://cryptolend.net/premium.html . Subscribe to the 'Enhanced' membership to lend even faster on Poloniex. Hide your total balance when viewing dashboard in public. Pay in ethers for the Premium membership.