A warning to anyone lending out BTS on polo right now:
Normally lending is pretty safe. (Basically you are risking the exchange getting goxxed, just like if you are keeping them on an exchange as normal).
But right now we have a weird scenario where one insane guy (cagara) is trying to borrow and short way more BTS than one person should reasonably have as a position, and more than the market's orderbooks could really handle at one time. Worse, he apparently just keeps adding more to it when it goes against him.
What could happen if BTS starts to rise is this:
BTS buys drive the price up and clear a lot of the sell orders out of the orderbook. Seeing the rise, more sellers pull their orders. Sell side declines significantly.
Cagara's short becomes at a greater loss, and eventually he gets margin called. However, he is short so much that the amount can no longer be filled near the market price, because 6 million or more BTS buy will drive the price up MASSIVELY, especially after some buy clear out a lot of it.
The result is that cagara's margin call might drive the market up so much that his remaining btc is not actually sufficient to buy enough back, leaving him sitting with a BTS short remaining open but no capital.
At this point the lender cannot get their BTS back.
The lending rates are really low right now. You should NOT be taking this risk of the margin liquidation of this insane individual causing him to be unable to repay your lended BTS! I have pulled all my lending BTS (and am withdrawing each day).
Withdrawing lending BTS also keeps him from continuing to suppress the price with more shorts, if everyone does it. At the very least you should be asking for 1-2% daily to cover the risk you are taking, and also bleed him for his manipulation of the BTS price.
In normal situations lending can be a good idea to get a bit of free coins, but this is not a normal situation, and lending at .02% like some people are doing is lunacy.