There are myriads of crypto lending platforms out there these days, Ive been trying to figure out where to lend my BTCs so here are some numbers Ive pulled for comparison, so if youre also thinking about hodl anyway, these may be some numbers you can reference.
CoinList and Genesis requires a higher deposit minimum, so I didnt look much into them, I also did not look into sites that would require me to look into someones profile, way too much work and risky. Other than these I didnt find many I feel I can trust, if anyone wants to suggest a certain platform I can dive into it and put it here for comparison.
Celcius Network
Team credential : Founder has proven record of growing early stage startups, CEO was one of the inventors of VOIP and exited multiple times
Funding : ICO, ~50m USD value of tokens sold
Minimum deposit : None
BTC lending rates : 3.35% (higher if you accept CEL the platform token)
Deposit fees : None
Withdrawal fees : None
Lockup : No lockup
Wallet/Custodian provider : BitGo
Insurance : lenders and borrowers are insured for up to $100,000,000.00 by Lloyds -- a London-based bank -- in case of a hack or bankruptcy.
Payouts : Weekly
BlockFi
Team credential : Founder & CEO was in sales roles in multiple high growth startups, one acquired by Google
Funding : Backed by Peter Thiel, Coinbase Ventures, Consensys, Fidelity, Windlevoss Capital and many other well known investors, raised over $20 million
Minimum deposit : None
BTC lending rates : 6.2% APY at the point of this article (Best so far, under 10 BTC), over 10 BTC it drops to 2.2%
Deposit fees : None
Withdrawal fees : one free withdrawal per client per month. After that, our custodian Gemini passes on a withdrawal fee of 0.0025 BTC.
Lockup : None
Wallet/Custodian provider : Gemini
Insurance : Not FDIC insured
Payouts : Monthly