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Offline RenaudGagne

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Market of Interest Rates
« on: December 09, 2014, 06:32:31 AM »

I want to have a portion of my portfolio in bitUSD and BTS to earn interest.

Now, how do I know which bitasset has the highest rate?

Btw, that it a HUGE selling point ;-) I never bought crypto before and that is what moved the needle for me.

Offline monsterer

Re: Market of Interest Rates
« Reply #1 on: December 09, 2014, 09:15:09 AM »
I want to have a portion of my portfolio in bitUSD and BTS to earn interest.

Now, how do I know which bitasset has the highest rate?

Btw, that it a HUGE selling point ;-) I never bought crypto before and that is what moved the needle for me.

The term is 'yield' and it's not quite the same as an interest rate exactly, although you are rewarded for holding currency. Yield comes from the interest that short trades pay for borrowing BTS. So, the market with the most volume would have the most yield. Yield is only paid on the bitAssets, not on BTS.
« Last Edit: December 09, 2014, 11:19:44 AM by monsterer »
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Offline liondani

Re: Market of Interest Rates
« Reply #2 on: December 09, 2014, 10:11:27 AM »
It would be great if the devs integrate a field for each asset where we can see the average yield for the last one year... (for now the last 5 months of course)...
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Offline Akado

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Re: Market of Interest Rates
« Reply #3 on: December 09, 2014, 10:57:51 AM »
It would be great if the devs integrate a field for each asset where we can see the average yield for the last one year... (for now the last 5 months of course)...
+5%
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Offline biophil

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Re: Market of Interest Rates
« Reply #4 on: December 09, 2014, 02:46:58 PM »
I want to have a portion of my portfolio in bitUSD and BTS to earn interest.

Now, how do I know which bitasset has the highest rate?

Btw, that it a HUGE selling point ;-) I never bought crypto before and that is what moved the needle for me.

A complete answer to this would be fairly complicated, but for now you can get a ballpark estimate by going to the console in the BTS wallet and typing "get_asset CNY" (or whichever asset you're interested in). Then divide collected_fees by outstanding_shares and that gives you the current instantaneous APR. CNY has been consistently the highest over the past couple months, at about 2.5%. USD is 2nd highest at something just under 1%.

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Offline rgcrypto

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Re: Market of Interest Rates
« Reply #5 on: December 10, 2014, 02:16:47 AM »
Thank you everyone! That was really helpful.

 

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