Timeline for How does Poloniex Bitcoin loaning work?
Current License: CC BY-SA 3.0
6 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| May 7, 2017 at 18:12 | history | bounty ended | CommunityBot | ||
| May 6, 2017 at 18:42 | vote | accept | Patoshi パトシ | ||
| May 5, 2017 at 20:21 | comment | added | Patoshi パトシ | ok i see. so locking your loan in for 2 days at a high rate is actually not worth it then? What is a good % loan offer that usually gets filled all the time? | |
| May 5, 2017 at 15:55 | comment | added | brandondoge | You will receive interest at the daily rate, but only for the actual duration of the loan. If you loan 1 bitcoin out at .1% daily rate, but the borrower repays you after three hours, you will receive (1 * .001 * 3 / 24) in profit, which calculates out to .000125 bitcoin. If they kept the loan for the full two days, you would receive (1 * .001 * 2), or .002 bitcoin in interest. | |
| May 5, 2017 at 15:52 | comment | added | Patoshi パトシ | so what happens if 1 person borrows my loan for 3 hours. Do I get the full loan amount or only 3 hours worth of the total daily value? And once he repays back and someone else borrows. Does that mean I get an additional return on top of my requested one? | |
| May 5, 2017 at 15:49 | history | answered | brandondoge | CC BY-SA 3.0 |