coinlend.org - The Lending-Bot for Poloniex & Bitfinex

What's the purpose of this service?
It is possible to lend bitcoins as well as other cryptocurrencies at very lucrative interest rates and limited risk at exchanges like Poloniex or Bitfinex. The difficulties in doing this manually are:

The interest rates are very volatile.
The loans can be paid back by the borrower at any time.

For the best possible revenue, it is needed to login at regular interval to manage and renew the loans. On the platforms there is an auto-renew functionality, which renews loans automatically, if they are paid back. The renewed loans are created with the same interest rate as the previous one. That's why they are now probably above or below the current optimal interest rate. Therefore, the loans are priced to cheap and potential interest is thrown away - or the loans are price to expensive and will not be taken by borrowers. During the time, the loan is not taken, you are missing out on interest as well. Here comes to Coinlend bot into play: The bot lends out all your funds for the best possible rates and this fully automated and 24 hours around the clock.
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8 users participate in this project
Created: 2 weeks ago
Last Activity: 2 weeks ago
Last build: 2 weeks ago