Currently 186m USD being borrowed/lent on FTX @ 100% APY!
(this number changes fairly frequently)
ftx.com/spot-margin/le
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So it fluctuates? Like 100% this hour could mean only 5% the next hour?
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supply and demand -- it's the crossing point between where users are willing to lend, and how much borrow demand there is.
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probably around 40% APY? not 100% sure
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Generally they're backed by FTX/the insurance fund, have never had any clawbacks on any products
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