Can you explain how Poloniex lending works for crypto assets?

1 answers

• Rich OliveiraOct 24, 2023 · 2 years ago
  Sure thing! Poloniex lending is a feature that allows users to lend their crypto assets to other traders in exchange for interest. It's a win-win situation: you earn passive income while helping other traders access the crypto assets they need for margin trading. The process is straightforward: you deposit your crypto assets into the lending pool, and they become available for other traders to borrow. In return, you receive daily interest payments based on the amount you have lent. The interest rates are determined by market demand, so they can vary. Poloniex lending is a popular option for crypto asset holders who want to earn passive income without actively trading.
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