Considering the number of offers for lending and the minuscule amount of requests to borrow, has anybody actually succeeded in getting his RECENT offer borrowed?
Wait a day or two. If that doesn't work, under-cut the market rate. You can see the lent out money on Market Statistics. Currently we're at 750,000 USD which is close to the record - and the 250% VIR reflects that. If this amount falls to 400-500k then expect much lower interest rates (eg. 60-100%).
There are at least three strategies
1) lend out as much of your money as you can (eg. 80-90% of your money)
2) lend out some of your money at market rates, and some above (ex. allot 10% of your funds for crazy 1000%, another 10-20% for 300-500%, etc)
3) go for the high rate loans
I used to be a big fan of lending out almost all of your money. But if people start replacing their high rate loans with low rate ones AND can do this while maintaining their position (a relatively new feature) then you are more likely to get stuck with low-rate loans for a long time. So now I'm not sure what approach is best.