1% per day is too less. BTC increases more. Why should we convert BTC to lend to you at 1%? No wonder the price is crashing.
LMAO no it is NOT too low, and BTC does not even come close to that return. A $10,010 loan at 1.3% daily (1%+.3% bonus) would be worth $549,880 in 1 year. That is almost a 55x gain in a year BTC doesn't match that.
Your math is way off..
$10,010 x .013 = $130.13 per day.
Multiply that by 365 = $47,497.45
Of course if you re-invest daily that amount will be much more, but nowhere close to what you stated.. That said I'm fine with the "low" interest payments if it gives the platform long-term sustainability.
The person does have a point about BTC. It was less than $740 USD a year ago. Now its at 10K. I doubt it can sustain that type of growth(but who knows).
IMO 1.3% is fine, however combined with the longer loan times, it is a problem.