What does 10 APR mean in the context of cryptocurrency lending?

3 answers

• Dec 27, 2021 · 3 years ago
  In the context of cryptocurrency lending, 10 APR refers to the Annual Percentage Rate. It represents the annualized interest rate that lenders charge borrowers for borrowing their cryptocurrency assets. A 10 APR means that for every $100 borrowed, the borrower would need to pay $10 in interest over the course of a year. It's important to note that APR can vary depending on the lending platform and the specific terms of the loan.
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• Dec 27, 2021 · 3 years ago
  When it comes to cryptocurrency lending, 10 APR is the annual interest rate that lenders charge borrowers. It's a way for lenders to earn passive income by lending out their cryptocurrency assets. For borrowers, it's important to consider the APR when taking out a loan, as it will determine the cost of borrowing. A 10 APR means that the borrower would need to pay 10% of the borrowed amount as interest over the course of a year.
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• Dec 27, 2021 · 3 years ago
  Ah, the infamous 10 APR in the world of cryptocurrency lending! Well, my friend, it simply stands for Annual Percentage Rate. It's the interest rate that lenders charge borrowers for borrowing their precious crypto. So, if you borrow $100 at a 10 APR, you'll have to pay back $110 at the end of the year. Keep in mind that APR can vary depending on the lending platform, so make sure to do your research before diving into the world of crypto loans!
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