Is the new 0.03% daily loan system viable with long term markets?

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In January of 2026, Manifold made a new loan system that charges 0.03% daily on loans. This equates to over 10% APR, offset by 5% interest, so annet 5%.

Previously they charged 0% interest, which allowed users to bet long term, and get a loan so there was incentive to bet on long term markets.

Does this interest rate make long term markets unprofitable? I define long term as anything over a year.

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Makes very long term markets an automatic loss if I understand it correctly. Haven't read about it since the announcement and don't care to keep up with the constant changes. I just know I'm not taking any more loans.

no, but mainly bc of the 1.5x cap

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