Marcopolobot is a crypto funding bot
Marcopolobot enables you to generate interest on your Bitcoin, Ethereum and other cryptocurrencies by automating the lending process on the Poloniex and Bitfinex exchange.
On exchanges like Poloniex and Bitfinex you can earn interest by lending to margin traders. Margin traders are people who speculate with borrowed funds so they can increase their exposure. They need people to provide them loans and as such, there is a market for loans.
We place loan offers for your account on the exchange. By activating our service, your funds will be automatically loaned out in return for interest. By disabling trading and withdrawal access on the API, we can only place loan orders for your account. We (or hackers) therefore don’t have the option to withdraw or trade funds from your account.
You could also do it yourself, however it is very time consuming; you would need to check on a very regular basis whether loans have returned so you can replace them again. Also, you would need to determine the interest rate for the loans. If the interest rate goes up after you’ve loaned out your funds, you could have potentially made more. We use an algorithm based on statistical analysis and current order book data to determine optimal interest rates.
Borrowers don’t have the option to not repay the loan. The systems on Poloniex and Bitfinex enforce this. Margin traders cannot withdraw borrowed funds from the exchange. By engaging in margin trading they essentially create a ‘contract’ where they are exposed to the price fluctuations. The loan never takes longer than the approved upon time. Margin traders can return the loan before the end of the loan.
https://www.youtube.com/watch?v=0lapzMfA9BU