First, create an account on Bitfinex and transfer some bitcoins or USD to the Funding wallet.
The bot of Crypto Lend is a computer program running 24/7. Its job is to take care of lending money on Bitfinex.
Before explaining the strategies, we must define some common expressions and terms used.
The best strategies to use depend on your needs and expectations. Here some example case studies for some investor profiles.
Funds control allows you to define parameters directly related to your funds and will take priority over any other bot settings.
Lending bot settings automatically places offers with all your available balance, at the best rate possible to maximise the Use rate. A new calculation will be done every bot cycle time.
With the feature “Managed”, Cryptolend offers Premium users to let us manage their account.
This strategy allows to switch offers to longer durations when the market undergoes a peak in rates. The goal is to benefit longer from high incomes and get back your funds quickly when incomes are lower. Up to 120 days for Bitfinex.
This strategy is an upgrade of the Basic strategy. It aims to skip temporary drops of rate in the lendbook.
This strategy will limit the maximum amount of your funds being offered on the market at the same time.
The Boost strategy will adapt some of your settings to lend as much as possible, as fast as possible, for as long as possible. It can be triggered by rate limit or started manually.
Block a reserve to be released when rate goes over a limit.
The deeper the book depth, the better the lending rate to be offered, but also the higher the risk of the offer not being taken.
Please consider seriously the risks of lending your money on Bitfinex.
Take our guided tour to get started with Cryptolend.
Take our guided tour to get familiar with your account dashboard.
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