Yes, and somewhat.
I lend at .02% a day. This does fluctuate based on lending rates, so the majority of my btc is lent out at .024% or so.
At .024% per day, it works out to (btc invested)x(1.00024^365) to your per annum amount.
So, 1.09153994163: 9% per annum. Basically means you make 109% of whatever you put in. Put in 100btc, get 109 when the year ends.
This does require a lot of maintenance to ensure that your coin is lent out at optimal rate, but it's quite profitable, and safer than playing stock market movements in such a volitile market.
Quite informative! Thank you. I will have a little think and see how my little amount would do. Is there any risk?
(Tell me any bank that will give me 9%, and the added bonus of btc's growth, and I'll be absolutely amazed and move all of my money in it overnight.)
That said, risks: you are keeping it on an exchange. If the exchange gets hacked, you may lose it.
This had been a great little sub thread and teaching lesson here on Polo/ BTC lending and really think it is great --
TY for commenting , have a good day.
I ALSO love bat cat stew and extra BTC. I have not near enough of either in my life LOL