[FUNDED][BTCJam] Fully Secured - ฿15.00000 @ 0.18% / 3Days for 30Days

[davos]

https://btcjam.com/listings/5894

I'm interested in offering recurring loans through BTCJam with short repayment periods, fully secured, at low interest rates to improve my trading liquidity for my private investors.

I'm gauging interest with the above listing and will be testing various other combinations of payment frequency / loan duration / funding duration / loan amounts / required security / etc - and I welcome discussion, questions, etc.

I appreciate comments / questions / criticisms / etc

Thank you --


--davos

[HowlingMad]

davos,
Are you sure you created this correctly?  0.18 percent on 15 BTC is 0.0324 Btc in interest; at $95 USD per BTC equates to $3.078 interest on $1,425.

My apologies for stating this but $3 profit on $1400 worth of risk is not going to receive a lot of user interest.

[davos]

davos,
Are you sure you created this correctly?  0.18 percent on 15 BTC is 0.0324 Btc in interest; at $95 USD per BTC equates to $3.078 interest on $1,425.

My apologies for stating this but $3 profit on $1400 worth of risk is not going to receive a lot of user interest.

Sorry if it was unclear.

The interest rate is 0.18% every 3-days for a total loan term of 30 days. Per the loan contract for every 1 BTC invested a lender would receive BTC0.10099266 every 3 days for 30 days for a total repayment of 1.00992666 (or approximately 1% per month). The reasons why someone might be interested in this are that the loan is transparently secured (with equity held in escrow by BTCJam); is transferable/liquid - as you can sell some or all of your shares of the loan to other investors during the term of the loan; and begins both principal and interest repayment immediately.

Given the benefits of this I'm testing the environment to see what a reasonable interest rate is. There seems to be some subscription interest for this loan, and I will revisit a few aspects of it if the loan doesn't fund to conduct further tests.

[hardinero007]

1% /month?  i'd rather put my btc in coinlenders 

[KingOfSports]

1% /month?  i'd rather put my btc in coinlenders 

+1 to this. 5.05 BTC CD created today paying 1.91% interest for the month.

[davos]

This loan is now fully funded and in repayment.

also:

1% /month?  i'd rather put my btc in coinlenders 

+1 to this. 5.05 BTC CD created today paying 1.91% interest for the month.

I agree that TF offers a very good service with interest on deposits and CDs. I use it myself.

By offering a fixed yield with repayment of both principal and interest throughout the life of the loan I am testing the waters - if you'll pardon the pun - for liquidity. Some amount of low-interest leverage is extremely useful when attempting to spread risk across multiple volatile assets - likewise if the repayment schedule and transparent security of backing assets is sufficient to create a supply of liquidty at a lower interest rate than the slightly more opaque system TF offers - all the better. It means people don't have to trust me (as the securing assets are locked up) - and depending on how much I trust TF I can profit from the interest spread should it exist.

The markets are moving fast, and the ability to leverage held positions rather than liquidate them to capture gains in other securities is a necessary tool for effective asset management.