somewhere to how to "lend to shorts at 2600%" for a tired old fool like me so I can squeeze a bit more whilst I sleep (keep your mind out of the gutter, please)?
on FTX, press Lend and set the rate. Set hourly rate to 0.29.
I said two-minute. Too short 🙂 Thanks.
2 minutes too long :) just make sure you have CEL in your wallet balance. Then press Lend button, change the hourly minimum rate to 0.29
Shouldn’t we not be lending at all? Starving the shorts
When shorts borrow spot, their interest is in spot. If their position is growing by 2600% APR every hour, they are in deep trouble, no need to starve them at those rates.
@OFF_Synthesis is this correct?
APR is for Year not for hours
When shorts borrow at spot they are actually drained by that rate
APR = Annual Percentage Return, it's already in the name. But it compounds hourly on FTX
Stop telling people to buy cell token you are not a financial adviser
Is not compund ....
interest is paid every hour on FTX. Meaning for shorts, their position grows every hour. Meaning it is compounding
Meaning you don't know what you talking about ... The shorter just lose the money not reinvest the losing position
First of all he hasn’t been telling people to buy CEL. Second, we know he’s not a financial advisor. Third, lots of people are suggesting to buy CEL to promote a short squeeze. What’s your concern? Are you short CEL?
Educate yourself bro. It's not how it works
Thank you ....
To add my 2c… “nothing in this telegram chat is being prompted to or as financial advice” DYOR
This is actually correct.. flat rate of 2600 translates into 7.2% per day… not compounding
People who short spot pay interest every hour. Their interest = same asset they borrowed. Now they are borrowing even more, because they owe the principal plus interest.
Bro I do delta neutral arbitrage on ftx, spot borrows compound every hour.
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