Post
Topic
Board Project Development
Re: Warning -- Insane Lend Offers
by
ThaddeusB
on 19/02/2013, 16:31:47 UTC
I'll still let the VIR get chosen first, if only because they will now probably be the most interests offers during price increase.

If you have any more suggestions don't hesitate to post

Best regards
Raphael and the Bitfinex team

If VIR is always chosen first (i.e. even when higher than the lowest fixed rate), over time nearly all lenders will switch to VIR.  In fact, this is what already has happened apparently, and is what caused the huge surge in interest charged when a few traders (accidentally or otherwise) accepted very high fixed rates.