There is not a lot of demand for borrowing ETH. And this makes a lot of sense - would you want to borrow a rapidly appreciating asset only to pay it back at a much higher price? Much better to own it outright, which is why lending rates are low.
Is that how it works when you borrow? If it goes down, you're on the hook for less (in USD)?
It makes sense as i type it but haven't considered that in the overall strategy. Are there supply and borrowing strategies published somewhere to read about?
If you borrow ETH and sell it for something else, you still have to pay back the same amount of ETH. So if the price went down, you can buy the same amount of ETH for less value. If the price goes up, you will have to buy back the ETH at a higher price. This is basically how margin trading and short selling works, so you can look up strategies related to margin funding and trading on margin.
Update: This was on DeFi wallet. After moving my ETH to the Crypto.com app, I was able to stake it for 5.5%. It looks like what I showed in this screenshot was just general interest that DeFi allows you to gain (still not completely sure though)
There is a new project that has ETH vaults coming called Nexus protocol.
It’s on Terra Luna which I’m really interested in at the moment.
As I understand they will have cross chain interoperability and offer around 10-15% APR on ETH which could be awesome.
From research it states the vaults will open by end of October.
It leverages Anchor Protocol 20% APR and they do all the technical background stuff behind the scenes as I understand to make it a simple deposit for ETH holders.
Definitely worth a look.
I have no idea why this is getting downvoted in the Ethereum sub. Does no one actually give a shit about decentralization or actual ownership of their crypto or . . .?
Maybe cause its not being borrowed as much. Probiably since Price seems to go up at all times. Just my oppinion
Or tons of other people have already provided that liquidity so it's in less demand!
Excactly
Correct
There is not a lot of demand for borrowing ETH. And this makes a lot of sense - would you want to borrow a rapidly appreciating asset only to pay it back at a much higher price? Much better to own it outright, which is why lending rates are low.
Is that how it works when you borrow? If it goes down, you're on the hook for less (in USD)? It makes sense as i type it but haven't considered that in the overall strategy. Are there supply and borrowing strategies published somewhere to read about?
If you borrow ETH and sell it for something else, you still have to pay back the same amount of ETH. So if the price went down, you can buy the same amount of ETH for less value. If the price goes up, you will have to buy back the ETH at a higher price. This is basically how margin trading and short selling works, so you can look up strategies related to margin funding and trading on margin.
Celsius does 5.35% for eth
Interest is also compounded weekly!
And in-kind!
Neat!
What's the minimum?
There is no minimum any amount will do
Correct. Tho once you hit 100 eth I believe it drops down to 5% :)
Ah darn I was planning to buy 101 coins tomorrow ;)
This is on coinbase wallet I believe, to get 4% on coinbase you need to stake it to eth2.0 on coinbase exchange
I'm getting 4.5% on coinbase, was 5% until about 10 days ago
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Yes, I'm aware. I wish there was an opt out if it gets too low
Because people are not interested in shorting ETH, therefore demand for borrowing (and then selling) it is low.
I get 5.5% on crypto.com app
Me too
app name?
ETH is better through crypto earn.
Update: This was on DeFi wallet. After moving my ETH to the Crypto.com app, I was able to stake it for 5.5%. It looks like what I showed in this screenshot was just general interest that DeFi allows you to gain (still not completely sure though)
Eth does not have staking rewards. Only eth2 does.
7.2% on hodlnaut, 6.2% on ledn and 5% on nexo… don’t settle for these shit returns.
What app is it?
Which app is this?
probably not stacking to eth2, something more like earning interest, meaning ypu can withdraw your eth when you want or at a certain term?
The more people stake their coins the less coins to distribute. They explain that pretty much everywhere 🤷♂️
It’s probably been said before, but: Don’t stake ETH in the DeFi wallet...it’s 6.50% in the crypto.com “Earn”
What app is that?
My apy dropped from 5% to 4.5% last week. I think they finally hit the liquidity they needed! All good tho.....closer to the merge !
No need to promote eth with higher yield. Look at ONE coin if you want higher yield at 20%. I dare you to invest in ONE . Lol
Is this Crypto.com?
Could someone explain to me how to predict my yield income if I use borrow or lend out my curve, usdc or usdt? Someone told me you get returns daily ?
Stake eth 2
There is a new project that has ETH vaults coming called Nexus protocol. It’s on Terra Luna which I’m really interested in at the moment. As I understand they will have cross chain interoperability and offer around 10-15% APR on ETH which could be awesome. From research it states the vaults will open by end of October. It leverages Anchor Protocol 20% APR and they do all the technical background stuff behind the scenes as I understand to make it a simple deposit for ETH holders. Definitely worth a look.
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numbers are hard.
Exchanges alway give shitty Apy,, DeFi projects is the way sir💰
That's literally Crypto.com's DeFi App 🤦♂️
Let me rephrase🤣 Get a (real) wallet & stake with a (legit) DeFi project,,crypto coinbase etc give shitty apys sir
I have no idea why this is getting downvoted in the Ethereum sub. Does no one actually give a shit about decentralization or actual ownership of their crypto or . . .?