Quote from: Holla123 on Today at 02:48:44 PM

Quote from: pronoob on January 30, 2021, 08:00:44 PM

Right now it is possible to lend USDT with 180% yearly interest rates. What is going on?
When i look at the lending orderbook it seems like it is possible borrowers can fill lending orders up to 300-400% APY.
It seems like great opportunity.
Note that you can lend with 7, 14 or 28 day options and even though you lend for 7,14 or 28 days borrower can pay anytime and interest gathered hourly. If borrowers pays early he only pays for the time he borrowed for. When someone take a long position system automatically borrows for 28 days. So 28 day orders are most likely to get filled.

the problem is that the borrowers can pay back anytime not sure if there is a tool that it gets lent out manually answer for the high APY people are expecting ALT season so for ETH example they are bullish that it might move towards 5K relatively quickly that is why they are willing to pay APY I guess for you as a lender it is good it is a safe play if it does not turn out to be to labor intensive

It is just too many amateur traders gambling with very high leverage Cheesy

. And they are not aware how much interest they are paying. Most probably they dont know much about how margin trading works. Otherwise they would use other platforms to avoid that much interest.