LendPace FAQ: Automated Crypto Lending Questions Answered
Getting Started
What is LendPace?
LendPace is an automated margin funding platform for Bitfinex. It uses the IBRR (Instant Best Return Rate) algorithm to place and manage funding offers on your behalf 24/7, helping you earn passive income on idle crypto.
How do I create an account?
Sign up at lendpace.com with your email or Google account. Connect your Bitfinex API key, choose a plan, and activate your bot — setup takes just a few minutes.
Is my money safe?
Yes. LendPace is fully non-custodial — your funds never leave your Bitfinex account. The platform only requires a restricted API key with funding permissions, so no withdrawal or trading access is ever granted.
Using the Platform
How do I connect my API key?
On Bitfinex, generate a new API key with only the funding permission enabled. Paste the key and secret into your LendPace dashboard under Settings — the system validates and confirms the connection instantly.
What happens if my bot stops?
If your bot stops — manually or due to a subscription lapse — all active funding offers on Bitfinex are cancelled immediately. Loans already filled continue until their term expires, and your funds remain safely in your Bitfinex account.
Can I withdraw my funds while the bot is running?
Yes. Since LendPace never holds your funds, you can withdraw from Bitfinex at any time. Funds locked in active loans must wait until those loans expire, but idle balance in your funding wallet is always available.
How often does the bot place offers?
The IBRR algorithm runs continuously, evaluating market conditions and adjusting offers each cycle. Your offers are refreshed regularly throughout the day to capture optimal rates.
Rates & Returns
What APR can I expect?
Returns depend on market demand, the currency you lend, and your strategy. Bitfinex funding rates for USD and USDT have historically ranged from a few percent to over 20% APR during high-demand periods. LendPace's algorithm works to capture the best available rates regardless of conditions.
Why do rates fluctuate?
Funding rates on Bitfinex are driven by supply and demand. When traders open leveraged positions, demand increases and rates rise. During quieter periods, excess supply pushes rates down. This is normal market behavior.
How is LendPace different from DeFi lending?
Unlike DeFi protocols, LendPace operates through Bitfinex — a centralized exchange with an established lending market. No smart contract risk, no impermanent loss, and no cross-chain bridging. Your capital stays in your Bitfinex account the entire time.
Billing & Plans
How do I pay?
LendPace accepts payment in USDT on the Solana network. Choose your plan (Basic, Pro, or VIP), send payment to the provided Solana address, and your subscription activates. Billing cycles are quarterly or annual.
Can I change plans?
Yes. You can upgrade or downgrade your plan at any time from the dashboard. When upgrading, the price difference is prorated for the remainder of your current billing period.
What's the referral program?
Every subscriber gets a personal referral code (format: LP-XXXXX). When a friend uses your code at checkout, they receive 7 free subscription days. Each code can be used by up to 3 different people per calendar month.
Troubleshooting
My bot isn't placing offers — why?
Verify that your API key is valid with funding permissions enabled, your Bitfinex funding wallet has available balance, and your subscription is active. If everything looks correct, try disconnecting and reconnecting your API key from Settings.
What if Bitfinex is down?
If Bitfinex experiences downtime, the bot pauses automatically and resumes once the exchange is back online. No manual intervention is needed — existing loans continue unaffected, and the bot picks up where it left off.
Still Have Questions?
Check out our other guides — Getting Started with LendPace, How the IBRR Algorithm Works, or Choosing a Lending Strategy. You can also reach us through the contact options on our website.
