APR in banks sucks now so there is more and more lending products out there in crypto world where you can make depending on the coin up to 10% a year. Passive stuff as hell, places that have the offers all the time are listed here - best cryptocurrency lending products
Binance sometimes opens this thing for different coins and this time USDT is gonna run at 6% APR.
To join the party as you can see you can use up to 1 million USD in Tether.
- register or open Binance
- top left - Earn -> Lending
- Join
So if you example you sold BTC yesterday for USDT you can now rebuy the same amount and take the USDT to 30 day 6% freeze. Win-win.. ;)
So yes guaranteed APR is better when the swings are so big on everything. Just remember its guaranteed by Binance not the god allmighty - not your privkeys not your coins.
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@updooter
I was expecting more from Binance, your locking your coins up for 30 days, all the other lending platforms I know about are offering 8% flexible on stable coins.
Binance doesn't need to offer better % because it has biggest pool and trust of people. Smaller exchanges offer better % because they have less pool and liquids.
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I actually have some funds on their flexible lendings and I was a bit saddened when earlier this week they lowered interest from 2.99% to 2.88%, I'm going to try and get some in into this one as well. The return per thousand daily should be around $0.165 very good stuff.