DeFi Crypto Tsunami Season 100%+ Interest Rates

avatar

1_26c37NnY0prZ_CrLNeep6g.jpeg
source

Coinbase Pro has entered into COMP token transfer-only zone on Monday and I thought the COMP rocket would break through the ozone layer and get close to outer space, but it seems like the COMP fever faded away a little bit. Or maybe it is taking a little break and waiting for a 2nd wave?
So now the COMP value is up and down and stays around $250-$300 which is still a lot better than $60.

But the farming is still in season and crypto lending interest rates are crazy high right now.

Compound's top 3 lending interests.

BAT: 25%+
WBTC: 15%+
ZRX: 11%+

These are great numbers. I haven't seen high interest rates like these since the BTC halving (not the actual halving, the price one).
It seems like growing season will stick around for a while so that is a good sign.
But the crazy doesn't end there...

Big whales making big tsunami in the AAVE coast?

I am not sure what is going on over there and I don't have enough funds to play around right now but I just saw this insane numbers.

BAT: 100%+
WBTC: 20%+
ZRX: 13%+
BUSD: 13%
2.png

I wasn't fast enough to catch this wave so I missed the opportunity but the tide is quickly decreasing and 79%+ right now as I am writing this post 👇
1.png

If this rate hold for a while I will be interested in putting some BAT in there but it seems like the high tide is dying down really fast so I will stick with Compound for now.

Hardest part about DeFi lending is that there are so many DeFi platforms out there and they all have different rates so it is very difficult to keep track of all these interests and rates change rapidly.
But I use these tools to help me find good rates and somewhat manages my funds.

DeFi Rate

3.png

LoanScan

4.png

I like DEFI PULSE's these graphs too.
5.png

It looks like a lot of money is still in Compound so COMP farming will be in season for a while?

Currently I am farming these and COMP earning is close to 0.001 which is not bad... IMO
BAT
WBTC
0x
What are you farming? What tools and services do you use to manage your DeFi?


Get Rewarded For Browsing! Are you Brave?


Posted with Esteem
t.png

hive-126009 defi comp farming bat steemleo marlians dblog palnet neoxian
0
0
0.000
11 comments
avatar

I’m still not sure how you withdraw the COMP from the vote balance wallet. I see how to do it while it is accruing, but above that I have a balance that doesn’t seem to be available to move. Most likely I am being dense.

0
0
0.000
Reply
avatar

Are you talking about this COMP? Not the COMP Earned.
This is the COMP in your wallet thats connected to Compound.
So you should be able to move it from your actual wallet!
1.png

0
0
0.000
Reply
avatar
(Edited)

It is me being dense, checked Etherscan and can see it there in the wallet. Brave metamask wallet doesn't show the token though, which is why I couldn't see it. Cheers dude.

0
0
0.000
Reply
avatar

OH! I know what you mean. COMP doesn't show up there automatically so go to metamask wallet.
"Add Token" -> "Custom Token", paste this thing in the "Token Contract Address"
0xc00e94cb662c3520282e6f5717214004a7f26888
This should do it.

0
0
0.000
Reply
avatar

You sir are a gentleman and a scholar:)

0
0
0.000
Reply
avatar

I guess many people were borrowing BAT from Aave to farm COMP. It is really interesting to see how the DeFi space develops on a daily basis. Speaking of which, I need to go check my crops now 😝

This post has been manually curated by DeFi Campus.

By the way, the first writing contest from DeFi Campus is now ongoing. Consider participating to win some HIVE :)

0
0
0.000
Reply
avatar

Ahh I didn’t know people are borrowing from aave 🤯 and farming. How are your crops doing 😉

0
0
0.000
Reply
avatar

They are doing pretty good. I am farming with BAT and ZRX at the moment. 😁

0
0
0.000
Reply
avatar

Nice nice 👍 I heard some change is coming soon...

0
0
0.000
Reply