A Complete Breakdown of Bitfinex Lending Risk: Seven Risk Categories
2026-04 latest backtest update: Based on the latest backtest results from FuNi’s historical rate database (data range 2019-04 to 2026-03, USD pool samples, multiple multi-year time windows), the APEX III strategy delivered annualized returns of 8%–16% in the USD and USDT lending markets over 180–365 days, averaging about 11% after deducting the 15% platform fee, roughly 2x the Bitfinex fixed 2-day baseline (about 6% annualized). Across multi-year time-window tests (2019–2026, USD/USDT samples), the APEX III backtest return was higher than the baseline in all seven yearly windows for the USD pool, and in six of seven for USDT. ...