Lend your bitcoin by parking US-Nubits

[mhps]

US-Nubits is a cryptocurrency whose price is pegged to the USD. As part of its pegging operations,  when BTC price rises, Nu uses "parking" to rein in extra US-Nubits on the market and pay park rates as interest.

Now you have a chance to lend your bitcoin with very good rates to Nu by buying US-Nubits and park them. Return for different park periods are

Park Period | Return
5.6 days | 0.27%
11.2 days | 0.62%
22.4 days | 1.38%
45 days | 2.77%
90 days | 6.4%

Just buy Nubits, park them (do it in your wallet), and the "interest" will be paid by the blockchain at the end of the period. Park now if you are interested as when BTC price starts to fall, high park rate will disappear. Once you park, your rate is fixed.

You can buy Nubits here (most liquid exchanges are poloniex and the NuLagoon Tube).

Real time rates (in APR) can be found at http://blockexplorer.nu/status. You can also find a parking calculator, a tutorial, and an FAQ at www.parkyournubits.com or http://parkyournubits.com

[1713852386]

1713852386

[Batmanvsduecare]

You are just promoting this Nubits altcoin, this place is for laon requests and related matters, go post that in the Altcoins discussion section.

[mhps]

Bitcoin lenders are needed due to that the peg is made mostly in nbt/btc market. Not any other coin will do. That is the very point of this board's having been chosen.

[Sukrim]

As far as I understand that website, I'd need to BUY these whatevercoins using e.g. my BTC, then after a while I'd have a few more whatevercoins in my whatevercoin wallet. How is this BTC related or "lending BTC"? The return is denominated not in BTC but in whatevercoins, I need to use their client, their wallet and sell my BTC to get some...

[criptix]

Additionaly if btc rises more then the interest rate you are making a loss for sure?!

[mhps]

Yes. Bitcoin doesn't have the parking feature. You need to buy Nubits to park.

Additionaly if btc rises more then the interest rate you are making a loss for sure?!

If btc slumps then you are making double profit (from interest and from stable pegged $ value) for sure?

It's all a matter of risk-adjusted profit. If we suppose BTC will reach $675 (high point of 2014 Apri) in 45 days with 30% confidence, then it is 15% gain in 45 days at 30% probability. An equal risk-adjusted-park-rate would be 4.5% in 45 days. The offered 2.77% is not bad at all considering that you might not be able to sell at the high point of trading, your btc won't be in your hand when trading ...

[criptix]

Yes. Bitcoin doesn't have the parking feature. You need to buy Nubits to park.

Additionaly if btc rises more then the interest rate you are making a loss for sure?!

If btc slumps then you are making double profit (from interest and from stable pegged $ value) for sure?

It's all a matter of risk-adjusted profit. If we suppose BTC will reach $675 (high point of 2014 Apri) in 45 days with 30% confidence, then it is 15% gain in 45 days at 30% probability. An equal risk-adjusted-park-rate would be 4.5% in 45 days. The offered 2.77% is not bad at all considering that you might not be able to sell at the high point of trading, your btc won't be in your hand when trading ...

Yeah i understand i guess it seems not bad if there is liquidity.