I learned something new during this mini bull run.  People will pay insane rates for margin.  

KuCoin has a nice business letting you lend your crypto for margin use.  It's a competitive market, and the prices keep changing.  The app previously supported up to 0.2% per DAY, which comes out to something like 73% ROI per year.  Sounded great to me.  It was often below 0.1% daily, but still pretty good for a safe investment!

Something went awry earlier this week however.  As the market went insane and prices were rising, all the margin got used up.  You could put up an order at the maximum rate and it would get snapped up within minutes.  Then they opened it up and you could go up to 0.4% per day.  Amazing!

As I scrambled to get some USDT to lend, it continued to rise, with orders filling at near or at 2% daily interest.  While I didn't snag that top prize, I lent a bit at highly inflated rates and enjoyed daydreaming about that for a day or so before markets cooled and my loans were repaid (or maybe liquidated!).

Now that the market cooled and there is a LOT of supply, the lending rates are mostly back to normal, but with a lot of idle supply at the moment.  I look forward to the next time things heat up!

I do now know to be careful of margin trading in the future though.  Once all the cheap money is used up, you're borrowing at whatever the market has available, even at 700% interest!  I hadn't even thought about margin rates for leveraged trades -- only for direct margin borrowing.  Easy way to spend a lot of money if you don't know to check!

If you want to lend though, take a look and be ready for the next time there's a run on margin!

KuCoin signup:

https://www.kucoin.com/ucenter/signup?rcode=sc6MHu