The best strategies to use depend on your needs and expectations. Here some example case studies for some investor profiles.
I have basic needs and want to lend in a simple but smart way, with minimum effort. I have no time nor will to dive into strategies and parameters.
No problem, simply activate the bot, you do not even have to open the expert mode!
The expert mode and strategies can be used for specific needs, and could help you to improve further the return, but the basic settings will already brings excellent use rate and results.
In this scenario, we offer simplicity for your lending, using the default parameters.
Please take note that Cryprolend does not guaranty these parameters to be optimum, nor suited for your specific needs.
I have some BTC, but I do not want to trade. Just would like to do some lending without having to take care of it.
I believe the best strategy is to have my cryptos to work at all time, because lending at a low rate is still better than not lending.
To achieve this strategy here are the possible parameters to play with:
Minimum rate at 0 or very low => no blocking of lend even at low rates
Min depth amount at 0 or very low => take the on going rate („market taker“)
Max duration offer at few minutes only => if the offer is not taken quickly, a new one will be made shortly after.
In this scenario, Cryptolend will make offers that will be very quickly accepted, keeping the use rate at a high level.
I am in the same mind than Ben K., but with a small variation:
I believe the best strategy is to have my cryptos on lending as often as possible, but I want to avoid lending when there is a short peak at low rate.
So I am prepared to wait a little bit sometimes, to avoid the low peaks.
To achieve this strategy here are the possible parameters to play with:
Minimum rate at 0 or very low => no blocking of lend even at low rates
Min depth amount at 0 or very low => take the on going rate („market taker“)
Max duration offer at few minutes only => if the offer is not taken quickly, a new one will be made shortly after.
Adaptive min rate Strategy turned ON => to avoid lending at low pick rates
In this scenario, Cryptolend will make offers that will be quickly accepted, keeping the use rate at a high level, but avoiding low peaks.
I am trading regularly with large value of assets. My assets are on lending only when I have no position in trading.
So it is important for me to block my assets in lending only if the rate is worth it, and I need to be able to use part of my assets fairly quickly: I cannot have the the risk of missing out on a trade because all my assets are blocked in lending.
To achieve this strategy here are the possible parameters to play with:
Minimum rate at the value you consider „worth it“ => Below this value, the assets will not be lent and will remain available
Adaptive min rate Strategy turned ON => to avoid lending at low pick rates
Iceberg or split Strategies turned ON => to create more lending packages at different times, creating more movements on the account: Increase the possibility of an asset return from lending when you need it, and also average out the lending rate.
In this scenario, we balance lending return and availability of assets.
I do not want to trade as I do not like the risk to loose assets. I want to focus on getting the best return possible on lending by an active management.
I believe there is no „1 size fit all“ best strategy. Depending on the lending rate market, I want to adapt my style and approach.
No problem: All the parameters and strategies can be changed as often as you want, and will be implemented immediately by the bot.
A specific feature might be of interest for your profile:
Email alerts => the bot can alert you by email as soon as your use rate gets too low, or/and as soon as the lending rates goes over a threashold.
In this scenario, Cryptolend offers full flexibility to change your parameters at will.
Please note that nothing stops you to also place an offer manually via the Exchange. In that case the bot will still show it via graphs and overviews, but you will not be charge fees for it.