REX Ultimate Guide: How to Loan. Is REX Risky? How Much Profit? Sneaky Proxies. What’s REX Savings?

The ultimate guide on making money with REX on EOS.
• Loan your EOS on REX and set my proxy at the same time!
https://eosauthority.com/rex?ref=colintcrypto&p=1

• REX statistics page:
https://eosauthority.com/rex/statistics

• Estimated REX interest rates can be found here:
https://bloks.io/rex

• I Show you how to manually figure out your profit from lending on the REX.

• Pay attention to what proxy the interface is going to be assigning you. Most interfaces are hiding this from the user. You can't see what proxy you're being assigned when using the Transit API because there is no data confirmation on screen and the Ledger device screen only shows that there is "arbitrary data", which is where the proxy change occurs.

• When using a Ledger, turn “arbitrary data” to "yes" in settings on the Ledger EOS app, or transaction won't go through.

• You cannot lose funds on REX. You will never come out with less than you lend. It's designed this way.


Questions, Answers:
• Do I still get airdrops while my EOS is on the REX?
Yes! You get all airdrops because you still own your tokens even while rented out.

• What happens after loaning for 30 days on REX? Do I need to re-new my loan?
As long as you continue to keep sufficient balance in the loan, it will continue to auto-renew every 30 days uninterrupted.


Disclaimer: The views expressed in this video are strictly my own and are not to be construed as financial advice. Do not buy, sell or otherwise trade cryptocurrency based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.

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Comments

  • Correction: Bloks.io does inform you that you will be using their "blokspartner" proxy before signing the transaction. Be aware that you do have a choice of proxy and be careful when you are signing a transaction to ensure it contains the data you want.

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