Borrowing has changed forever! – Bitfinex Blog

Borrowing has changed forever!

Many believe that the money earned from the work is just as rewarding as the effort we put into the work. However, when it comes to making money “work” for us, it always feels worthwhile. That’s probably why many ways are invented to make it possible for people to win on your digital ticket. With cryptocurrencies, one of the ways to earn on your digital tokens is by borrowing.

Borrowing is a way you can use the money available by providing them to traders to open a marginal site, in exchange for interest. Lenders can generally establish the terms they are most comfortable with, such as the rate of return, duration and amount before providing their money to traders. While this is a fairly straightforward concept, consumers still need to devote some time whenever they want to offer their funds and maximize returns.

Bitfinex stepped up and became one of the few exchanges that provides risk-free users with an option. We didn’t stop there! We feel motivated to save your time in managing the money available in your lending activities. So we’re bringing our lending feature to the next level with Bitfinex Lending Pro.

Bitfinex Lending Pro – Next level lending for Bitfinex margin trading market

Bitfinex Lending Pro is an advanced tool that allows you to set up automated strategies and interact with our peer-to-peer lending market. It is designed to make your lending activities more comfortable and efficient.

Bitfinex Lending Pro is equipped with sophisticated features that provide users with the benefits of automation, which undoubtedly saves a lot of time and effort. In addition, the Lending Pro tool is packed with settings and algorithms to allow lenders to implement their strategies by being offered Lending Pro and extending lending in our peer-to-peer market on their behalf. Lending Pro also provides new tools and useful statistics.

For starters, Bitfinex Lending Pro is not a one size fits all tool as it is highly adaptable and configurable.

On the Settings panel, you can easily set different configurations for each currency. To enable the automation feature, turn on the automation tool and select from the available settings, such as lending methods – Dynamic, Fixed or Marketable.

In Dynamic mode, Lending Pro will extend an offer on your behalf, which will be replaced over time with lower rate offers until it is matched or market conditions change a certain amount from when the offer was placed initials. While, in fixed mode, Lending Pro will extend an offer on your behalf, which will be replaced if market conditions change a certain amount from when the initial offer was placed.

Bitfinex Lending Pro is also equipped with a calculator to make your lending experience even better. Aside from the lending calculator, which you can use to calculate how much potential earnings you would earn for any available currency, there is also a ONLY SED LEO discount calculator. The LEO discount calculator will show you how much of a trading fee discount you would get for any amount of a UNUS SED LEO ticket you have.

The Tickers tab on the upper left-hand panel shows the cash list along with the 24-hour rates and volume. On the panel, you can toggle between the Rates and the Pro tab.

The Rates tab shows current or past market rates and rates calculated by Lending Pro based on their settings. While on the Pro tab, lenders can see all the money they’ve been able to borrow along with what’s happening with each of the currencies.

There are settings cogs in each tab, where you can set up your preferences for all your crypto and fiat currencies.

Borrowing performance tracking is easier with the Borrowing Performance tool. For each currency in your financing wallet, you will find useful information such as your Available and Total Balance, Average Rate for all open loans, Average Period for each open loan, percentage of your wallet used and the Lending Status for that currency. .

On the Distribution tool, in the Amount tab, you will find a visualization of the total money you have per fiat and digital currency grouped by the rate it has borrowed. In the Period tab, you will find a visualization of your loans grouped by the period for which they were offered, finally, in the Rate tab you will find a visualization of the number of open loans grouped by rate . Each of the bars on these charts can also be looked at to provide more detailed information.

Bitfinex Lending Pro also collates and displays useful statistics related to your Lending activity; these statistics include Your best, average and worst lending rates, total loan account and value, your most active lending money for the day, total assets managed by Bitfinex Lending Pro for that day. You will also find statistics for your Winning activity; these include your Average Daily Earnings, your best ever return loan currency, second best performing all-time currency and information on how long you’ve been borrowing.

The Balances tool includes all your financing wallet balances; these can be displayed as a list or pie chart; you will also find the current value of your financing balances in USD.

Below you will find the Earnings Today tool, this tool will display your earnings for the current day in tabular form. In each row, you will find the number of units you earned that day as well as the value for those units in USD, at the bottom you will find the total value calculated for the day.

Changing the way we do things is never comfortable. We seize that opportunity with Bitfinex Lending Pro to give you the best experience possible. After all, Bitfinex has always wanted to build a transparent and scalable infrastructure of innovative financial products that is accessible to everyone.

Important Notes

Lending Pro is an order-only tracker system that implements lending offers and extensions on behalf of a consumer in the peer-to-peer lending market on Bitfinex. Lending Pro cannot evaluate a user’s personal investment criteria and circumstances. Nothing in this job is financial, investment or other advice. Nothing in this post is an offer to provide or take out borrowing or soliciting, recommending or endorsing any course of providing or taking out borrowing. Any references in this post to forms are purely theoretical and not guaranteed.