I don't see any snark nor sneer in my comment. Sorry if it offended anyone.
Comments in this thread clearly seem to think that bitfinex is paying them those rates when that's not how it works at all. Bitfinex is the middleman.
You can offer any rate you want right now for any lending products on their website and that will appear. If anything I'd say this is an opportunistic marketing ploy by them.
Those rates won't hold. I've went through a big automated crypto lending phase and they never hold up for any significant period of time yet do spike like this regularly. It's either revert to mean or bust. You choose which one you think it is.
Grimburger|3 years ago
Comments in this thread clearly seem to think that bitfinex is paying them those rates when that's not how it works at all. Bitfinex is the middleman.
You can offer any rate you want right now for any lending products on their website and that will appear. If anything I'd say this is an opportunistic marketing ploy by them.
Those rates won't hold. I've went through a big automated crypto lending phase and they never hold up for any significant period of time yet do spike like this regularly. It's either revert to mean or bust. You choose which one you think it is.