Post by southseacompany on Dec 22, 2019 16:28:59 GMT
0.5% cashback on all PM investments in loans from the two newly formed "LO conglomerates". I&A excluded. Auto-invest and manual are both OK. Details here. No limits on loan term!
At the moment, there are short-term loans, including ones with a term of 1 day, with 13.5% yield eligible for the 0.5% cashback, meaning that there are now loans on Mintos that pay more than any Kuetzal project ever did (annualised of course). Generous? Or desperate?
I've held my nose and deployed all of my free cash into these gambling instruments, hoping that there won't be a collapse in the next couple of months. Those with more common sense may choose to sit this one out.
Edited to add: Cloudflare may mangle the link if you're not logged in. Just check the most recent Mintos blog entry.
At the moment, there are short-term loans, including ones with a term of 1 day, with 13.5% yield eligible for the 0.5% cashback, meaning that there are now loans on Mintos that pay more than any Kuetzal project ever did (annualised of course). Generous? Or desperate?
I've held my nose and deployed all of my free cash into these gambling instruments, hoping that there won't be a collapse in the next couple of months. Those with more common sense may choose to sit this one out.
Edited to add: Cloudflare may mangle the link if you're not logged in. Just check the most recent Mintos blog entry.
, which would add just 2% to the (for example) 12% int rate taking the effective interest rate to 14%. Also have to consider that if you build up in this way a big Finko position you will probably have to hold its risk for a while.