Post
Topic
Board Project Development
Re: Poloniex Lending Bot Service
by
animalrobot
on 09/06/2016, 12:21:15 UTC
Thank you for the kind words!  To set it up, follow the setup instructions after you're prompted to enter your Poloniex API key, transfer your balance to your lending wallet on Poloniex, then activate the bot.  One of the innovative things I'm trying to do here, is offer a financial service that has very minimal access to your capital...so if you follow the setup instructions correctly, the bot *only* has permission to lend your funds, it can't trade or withdraw them...hence the need for the secondary deposit address so you can add credits to your bot to use the service.  There has definitely been some confusion around this and I'm working on the UI to make things more clear.

There are currently no minimums.  There will eventually be a tiered pricing structure to create incentives to lend more.  It's still a paid service in beta, because one of the critical components that should be tested is whether users will pay to use the service.  That said, your bot can be activated without paying the fees...so you can try it out for free, and pay only if you like it and want to keep going.

Thank you for the feedback, and happy to answer any other questions!