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Credit has changed forever!
loan
Many believe that the money earned through work is as rewarding as the effort we put into the work. However, when it comes to making money “work” for us, it is undeniably always rewarding. This is probably why there are so many ways being invented for people to earn on your digital token. With cryptocurrencies, one of the ways to make money on your digital tokens is to lend.
Loan is a way in which you can use available funds by providing them to traders to open a margin position, in exchange for interest. In general, lenders can set the terms they are most comfortable with such as return rate, duration, and amount before providing their funds to merchants. While this is a fairly straightforward concept, users need to set aside some time each time they want to donate their funds and maximize their return.
Bitfinex has stepped up and become one of the few exchanges to offer an option for risk averse users. And we didn’t stop there! We are motivated to save you time in managing the funds available in your lending activities. So we are taking our lending functionality to the next level with Bitfinex Lending Pro.
Bitfinex Lending Pro – Top Level Loan 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 to this, the Lending Pro tool is rich in parameters and algorithms to enable lenders to implement their strategies by asking Lending Pro to offer and extend the loans in our peer-to-peer market by their last name. 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 customizable and configurable.
In the Settings panel, you can easily set different configurations for each currency. To activate the automation function, activate the automation tool and choose from the available settings, such as loan modes – Dynamic, Fixed or Market.
In dynamic mode, Lending Pro will extend an offer on your behalf, which will be replaced over time with offers at lower rates until it matches or market conditions change by a certain amount from the when the initial offer was placed. Whereas, in fixed mode, Lending Pro will extend an offer on your behalf, which will be replaced if market conditions change by a certain amount from the time the initial offer was placed.
Bitfinex Lending Pro is also equipped with a calculator to make your lending experience even better. Besides the Loan Calculator, with which you can use to calculate the amount of potential return you would earn for any available currency, there is also the UNUS SED LEO Discount Calculator. The LEO Discount Calculator will show you the amount of Trading Fee Discount you would get for any UNUS SED LEO Token amount you hold.
The Tickers tab in the upper left side panel displays the list of currencies along with the 24 hour rates and volume. On the panel, you can toggle between pricing and the Pro tab.
The Rates tab displays the current market rates or the last matched rates and the rates calculated by Lending Pro based on their settings. In the Pro tab, lenders can see all the currencies they have enabled for the loan as well as what is happening with each currency.
Each tab has settings cogs, with which you can configure your preferences for all your crypto and fiat currencies.
Tracking loan performance is made easy with the Loan Performance widget. For each currency in your funding portfolio, you will find useful information such as your available and total balance, the average rate for all open loans, the average period for all open loans, the percentage of your portfolio used and the Lending status. Pro for this motto. .
On the Distribution widget, in the Amount tab, you will find a visualization of the total amount of funds you have by fiat and digital currency grouped by the rate at which it was loaned. In the Period tab, you will find a visualization of your loans grouped by period in which they were offered, finally, in the Rates tab, you will see a visualization of the number of open loans grouped by rate. Each of the bars in these graphs can also be hovered over to provide more detailed information.
Bitfinex Lending Pro also collects and displays useful statistics regarding your lending activity; these statistics include your best, middle and worst lending rates, the total number of loans granted and its value, your most active loan currency for the day, the total amount of assets managed by Bitfinex Lending Pro for that day. You will also find statistics on your Earnings activity; these include your average daily earnings, your most profitable loan currency of all time, the finalists for the best performing currencies, and information on the duration of your loans.
The Balances widget contains all the balances in your fundraising portfolio; these can be displayed as a list or as a pie chart; you will also find the current value of your financing balances in USD.
Below you will find the Daily Earnings widget, this widget will display your current day earnings as a table. In each row you will find the number of units you earned that day as well as the value of those units in USD, at the bottom you will find a total value calculated for the day.
Changing the way we do things is never comfortable. We take this chance with Bitfinex Lending Pro to give you the best possible experience. After all, Bitfinex has always wanted to build a transparent and scalable infrastructure of innovative financial products accessible to everyone.
IMPORTANT Notes
Lending Pro is strictly an order routing system that implements loan offers and extensions on behalf of a user in the peer-to-peer lending market on Bitfinex. Lending Pro cannot assess a user’s personal investment criteria and circumstances. Nothing in this article is financial, investment or other advice. Nothing in this article is an offer to provide or accept a loan or the solicitation, recommendation or approval of a course of providing or accepting a loan. All references in this article to returns are hypothetical and not guaranteed.
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