I believe what you describe is true for anytime collateral
is used for a loan.
Thus exorbitant rates and short terms around here. The OP wants no risk all reward.
I prefer to let the free market work itself out. There are plenty of people willing to lend at crazy interest rates, but few people willing to pay. Thus we see a lot of scammers here and not many interesting opportunities that are open very long.
2% a year is incredibly good - hopefully you get that, but even with collateral it doesn't seem likely.
Interest rate on poloniex is still 3%/year.
I am confused why you would say 2%/year is "incredibly good" when 10 hours later you are having
to try to take out a loan at 20% over 11 days.
Incredibly good for the borrower.. Quite shitty for the lender. In my case, 20% over 11 days is incredibly good for the lender and quite shitty for the borrower..
to be honest..