Hello BGL,
That was a change based on usage of lending over on Bitfinex. We think it's a good compromise, between being small enough to not push out small lenders, while avoiding lot of small offers that may interests you but doesn't bring much in term of liquidity. The idea was not to lower interest rates (which I don't think it will do).
There is a trick for very small lenders: if you use auto-lending, the minimum amount is 10 USD for an offer to be posted.
This amount of $100 won't be increased in the future. We still want to address people who don't always have a lot of savings and offer them a way to have a good return on their investment. This won't change.
Thank you for your comprehension
Raphael
Bitfinex
That was a change based on usage of lending over on Bitfinex. We think it's a good compromise, between being small enough to not push out small lenders, while avoiding lot of small offers that may interests you but doesn't bring much in term of liquidity. The idea was not to lower interest rates (which I don't think it will do).
There is a trick for very small lenders: if you use auto-lending, the minimum amount is 10 USD for an offer to be posted.
This amount of $100 won't be increased in the future. We still want to address people who don't always have a lot of savings and offer them a way to have a good return on their investment. This won't change.
Thank you for your comprehension
Raphael
Bitfinex
- I find pushing small lenders out the door reminiscent of a bank, not bitcoin.
- Where on your website are these changes posted or reflected?
- You are incorrect in saying USD >= $10 in auto lend will post. As it does not.
$100 being the the minimum, i have to shorten my loans in order to pick up the earned interest to keep the ball rolling.
If i'm shortening the loan to pick up the interest, I'm less able to target higher interest longer term loans.