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What is the liquidity of ETH lending market? 100M short term loan easy to get, what would be the interest? Last time I checked defi usdt lending rates seemed t
by spurdoman77 6y ago
What is the liquidity of ETH lending market? 100M short term loan easy to get, what would be the interest?
Last time I checked defi usdt lending rates seemed to hover around 8-9%. Not that exciting when you consider insane gas fees and all the hassle managing the contracts.
- vmception 6y agoFlash loans open and close that 100M in a single block. It is instant execution on the mining nodes. Nanoseconds of computational time. If the trade isn't possible then the transaction fails and it doesn't go through at all. You pay the transaction fee.
- xiphias2 6y ago0.3% fee/trade for Uniswap. As it's an atomic transaction, yearly interest rate has no meaning actually.