Blog News An Update on Lend USD and Crypto-Backed Loans Interest Rates

An Update on Lend USD and Crypto-Backed Loans Interest Rates

date June 21, 2022 time 2 min read 205 views

There’s little getting away from the fact times are hard for many at the moment. The economy is teetering on the brink of recession, the crypto market is going through a period of extreme volatility, and inflation is affecting the value of your hard-earned USD.

For Investors

At MyConstant, we constantly review our product offerings to ensure you get the best value for your investments and loans. We’ve done a lot on Lend Crypto (Did you know that you can earn up to 15% APY by lending USDT or USDC?) and now, we’ve boosted interest rates on our Lend USD product.

From June 20th, you’ll now earn up to 8% APR by lending USD. Here’s the full breakdown:

TermOld RateNew Rate
30 days6% APR6% APR (Same as before)
90 days6.5% APR7% APR
180 days7% APR8% APR

Please note: Our improved interest rates are applied to new investments only. The interest you’re earning on your current fixed-term investment(s) will be the same as when they began until the term ends.  

We hope our improved interest rates across our products will help you navigate this period of uncertainty.

For Borrowers

In order to facilitate the new rates for investors, we’ve had to increase interest rates for borrowers accordingly. For clarity, here’s the new rates for borrowers using Crypto-Backed Loans:

TermOld RateNew Rate
30 days6% APR6% APR (Same as before)
90 days6.5% APR7% APR
180 days7% APR8% APR

Please note: The new interest rates are applied to new loans only. The interest you’re paying on your current fixed-term loan(s) will be the same as when they began until the term ends.  

We anticipate the new interest rates will attract more investors to the platform, allowing you to keep borrowing at flexible and low rates. These small changes will help to improve the overall experience for you, whether you’re an investor or borrower.

If you have any questions about these new rates then get in touch through our Live Chat or email: [email protected].

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George Schooling

George Schooling

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