DeFi Interest Rates for DAI Continue to Grow

2020-2-13 02:00

The decentralized finance segment continues to fire on all cylinders. DAI lending has always been lucrative yet it appears that the deposit rates will only go higher from here on out.

It is uncanny how stablecoins can yield extremely high interest rates in DeFi.

The DeFi Interest Rates Continue to Rise

Especially DAI, the decentralized pegged currency on Ethereum, has proven to be very lucrative.

With rates often starting at 6% or more, there was a big initial interest in this venture.

It now seems that the interest rates are on the rise and hitting double digits.

This will, of course, depend on which platform one uses to maximize their DAI earnings.

So far, it seems that Aava is leading the pack with a 12.8% annual interest rate.

Other service providers will have to follow suit to remain competitive.

For a new industry such as DeFi, these interest rates will undoubtedly attract a lot of attention.

Everyone wants to make money during a bull market.

Locking up funds in search of higher prices and earning interest on the DAI generated by doing so is like a double victory.

That is, assuming people expect the Ethereum price to keep going up over the coming months.

Bullish momentum in the cryptocurrency space can often change course when people least expect it. 

Image(s): Shutterstock.com

The post DeFi Interest Rates for DAI Continue to Grow appeared first on NullTX.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Multi collateral Dai (DAI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $1.0002
Капитализация $0 Rank 99999
Цена в час новости $ 1.006 (-100%)

rates defi dai interest higher only out

rates defi → Результатов: 7


From Lending to Synthetic Assets: How DeFi Can Change in 2020

DeFi made its claim to fame with lending protocols that offer attractive yields. As these rates normalize, new age financial products could propel the space to greater heights.  Stablecoins and Yield in a Volatile Year In the first six months of 2019, Bitcoin spiked from a biennial low of $3,200 to a range high of […] The post From Lending to Synthetic Assets: How DeFi Can Change in 2020 appeared first on Crypto Briefing.

2020-1-8 08:55