It is to do with the auto-renew facility. People just set it at a low rate and forget about it. And lose a lot of money during periods of high shorting, as well as stuffing things up for everyone else.
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When I go out from computer for a long time - I always set duration 2 days and autorenewal for "normal" rate - 0.015% or 0.02% . But today, for example, you can lend BTC for 1% a day and many people with autorenewal lost their opportunities