Welcome welcome, quick little step by step guide on how I am currently lending on FTX, while the rates are dynamic and usually range from 10/20% in APY, on days like today when borrowers are in demand for capital rates are currently 300% APY which is paid out hourly which is just pretty crazy if you actually think about it…
So here is a quick guide on how I currently lend on FTX, please subscribe.
1) Open FTX and Login
2) Add USD balance by converting and click the LEND@[VALUE]%
3) Then type in the amount you wish to lend, usually I just ‘Max’ and then click LEND
(Ignore the ETH funding offer below, yours should be USD or USDT)
4) Then you can just navigate to the Margin lending page, and click stop lending at any time, their is no lock on your lending period. After you click stop lending funds will be available within an hour or two. That’s pretty much the entire process.
5) Of course if you do not have FTX account or want to be lending on FTX then you will obviously need an account. Get a 5% discount on fees if you signup here.
Thanks for reading, it really is that simple. If you enjoyed please subscribe to the newsletter and signup to FTX using the link above for a discount on trading fees.