KuCoin Crypto Lending Update, Brutal Truth🙉 & Crypto Race to the Bottom
Channel: Grant Sparks 💥
Date: 19/01/2022

I have been running my crypto lending experiment since September on KuCoin. 💸
Want to know how much my true return is?🤐
And, you have to see the brutal truth of the returns, how much of your investment is actively being traded, and why this may instead just be a race to the bottom with the lowest interest rate.

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Chapters 🔖
0:00 Intro
0:20 Do those enticing crypto lending rates continue? 
0:57 What cryptocurrency I have been lending on KuCoin defi
1:25 Am I still making 60% returns with lending MakerDAO ($DAO)?
1:41 73% a year with MakeDAO crypto lending, just not me!
1:58 How long it has been since they filled my order using KuCoin auto-lend function.
2:13 What happened when I reduced my daily interest rate and chased the lending market.
2:49 How lending Cardano ($ADA) is going.
3:02 How lending Cardano ADA on KuCoin performs compared to Max's Staking Pool.
3:54 What am I actually earning crypto lending Cardano?
4:16 How US Tether ($USDT) is performing
4:30 How Tether performs considering days that the money is not being borrowed.
4:57 How many days this month my Tether has been borrowed and earning me crypto.
5:18 USDC crypto lending performance
5:46 Ethererum (ETH) crypto lending rates and volume
6:20 Ripple (XRP) crypto lending rates and performance
7:04 Where I could be earning even more than KuCoin lending.
7:59 What is my actual return percentage on my entire crypto lending portfolio (spreadsheet).
8:31 How much of my actual portfolio is even working for me crypto lending at this point.
8:59 How much cash I have actually earned on my crypto lending.
9:38 Do I think there is still money to earn in cryptocurrency lending on KuCoin?
9:45 What I am going to adjust in my next crypto lending experiment.
10:25 Is Crypto Lending on KuCoin truly passive income? No.
11:11 Manual Crypto Lending will be a race to the lowest interest rate.
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My original video on Cryptocurrency Lending on KuCoin was hyped! I did an update in December, and I have kept the patrons updated about what is going on with this experiment.

So, how are my crypto lendings doing for us? Not so hot, honestly! Not one of the cryptocurrencies I have being borrowed have been working for me for more than half the month.

Another way to think about that is this. Whatever the annualized rate of return on borrowing the cryptocurrencies is, if they are only being used half the time, then cut that rate in half! That is your effective annualized rate!

MakerDAO ($DAO) dropped from 60% a year to less than 10%.
US Tether ($USDT) has dropped from 30% a year to less than 5%.
Cardano ($ADA) has not been taken on more than 1 contract since the beginning at a quoted rate of 7% a year.

If you are using any other defi or degen platforms, you know you could get rates like these falling out of bed. If you were using Wonderland TIME or JADE protocol now, you may likely get better rates than these. (Both of those are high-risk DAOs that I lost a bit of money on.) See the video for details on exact crypto lending returns.

Some of you want to know: Do I even recommend using the KuCoin Defi platform for lending?

Well, that is what I am going to find out.
I am going to continue the experiment with the following changes.

1.) I am going to turn off auto lending.
2.) I am going to set my proposed returns manually.
3.) I am going to check my contracts every other day and adjust my rates from there.
4.) I am going to try not to race to the bottom, but instead increase my rate of return.

This will show me if the 'auto-lend' setting has a different effect on the network or not. (My idea is that crypto auto-lending gets de-prioritized a little bit.)

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