Post
Topic
Board Service Announcements
Re: [ANN] Cryptolend.net - Automatic online lending
by
ranlo
on 08/05/2017, 01:33:59 UTC
//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.