Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
The lowest loan offer right now is 3.1%.
The risks to loaning on POLO are listed below.
a) A flash crash happens and the POLO program doesn't call the margin in time for the loan taker to pay you back.
b) Polo's program has an error and you do not get your funds back,
c)Your Polo account gets hacked, and someone manages to steal you coins when they are not on order.
d)Polo becomes insolvent due to coins getting hacked/embezzeled/seized.