top lending rates on FTX
not sure if i'm a fan of lending in the hourly-auction model. the rates are quite chaotic and if you don't offer at very low rate you have to manually re-lend to keep it lent out or else you will miss the oscillations
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Note that if you *do* offer at a low rate you'll still get filled at the matching price, so if prevailing rates are higher you'll still get paid the higher rate
im aware but i wonder if there is some better way to do this because if everyone is doing this it can lead to a weird market where passive lenders are putting stink-offers in en masse
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for example, normally with auctions transparency is extra important but theres no real transparency (that i can tell) of how the auction bids and offers are resolving in the hourly resolution, so we just sort of assume it's all good