FRR and APR
FRR is one market reference. APR is an annualized representation. Compare rates only after checking the period, calculation method and whether a number is an estimate.
Bitfinex lending supplies available funds to the Funding market through a Funding Offer with a rate and term. A lending bot uses restricted API access to help repeat the monitoring and management steps that would otherwise be manual.
1. Funding Wallet and available funds
Start by confirming which funds are in the Funding Wallet and available for new offers. A reserve balance can keep part of the balance outside new offers for flexibility.
2. Funding Offers, rates and terms
A Funding Offer generally specifies an amount, rate and lending period. It may remain unmatched, or return to the available balance after early repayment; creating an offer is not the same as realizing a return.
Minimum APR
A minimum APR can stop new offers below a chosen floor, but it cannot guarantee demand or a fill.
3. Manual and automated lending
Manual lending requires signing in, reviewing the market, adjusting offers and handling returned funds. Automation puts those checks into a recurring cycle. It can improve execution consistency, but it does not remove rate, platform, API or custody risk.
Read the Bitfinex lending bot overview and API permissions guide for the operating boundaries.
4. Before you start
- Understand Funding Wallets, offer amounts, rates and terms.
- Choose a minimum APR, reserve balance and single-offer limit you can explain.
- Grant only the API permissions required for the workflow and know how to revoke them.
- Read the risk disclosure and expect rates and fills to change.
Frequently asked questions
Will every lending offer fill?
No. A fill depends on market demand, rate and term at the time.
Is a higher APR always better?
No. A higher quote can reduce the chance of a fill and should be considered with idle-fund and market risk.