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Off to bed shortly - is there a two-minute primer

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)?

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on FTX, press Lend and set the rate. Set hourly rate to 0.29.

Rob-R Автор вопроса
Will
on FTX, press Lend and set the rate. Set hourly r...

I said two-minute. Too short 🙂 Thanks.

Rob R
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

Will
2 minutes too long :) just make sure you have CEL ...

Shouldn’t we not be lending at all? Starving the shorts

Paul C
Shouldn’t we not be lending at all? Starving the s...

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?

Paul C
@OFF_Synthesis is this correct?

When shorts borrow at spot they are actually drained by that rate

Filippo
APR is for Year not for hours

APR = Annual Percentage Return, it's already in the name. But it compounds hourly on FTX

-_Synthesis_-
When shorts borrow at spot they are actually drain...

Stop telling people to buy cell token you are not a financial adviser

Filippo
Is not compund ....

interest is paid every hour on FTX. Meaning for shorts, their position grows every hour. Meaning it is compounding

Will
interest is paid every hour on FTX. Meaning for s...

Meaning you don't know what you talking about ... The shorter just lose the money not reinvest the losing position

Danny
Stop telling people to buy cell token you are not ...

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?

Will
interest is paid every hour on FTX. Meaning for s...

Educate yourself bro. It's not how it works

Paul C
First of all he hasn’t been telling people to buy ...

To add my 2c… “nothing in this telegram chat is being prompted to or as financial advice” DYOR

Filippo
Is not compund ....

This is actually correct.. flat rate of 2600 translates into 7.2% per day… not compounding

Filippo
Meaning you don't know what you talking about ... ...

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.

RAC
Educate yourself bro. It's not how it works

Bro I do delta neutral arbitrage on ftx, spot borrows compound every hour.

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