Today we will talk about what lending options are offered to our customers.
So, there are three scenarios in which the loan is made: standard, high-risk and floating rate loan.
High-risk loan — the client gets fiat money up to 70% of the total value of the collateral. This,
for example, may even be beneficial if the cryptocurrency rate was moving in a downward
trend. In addition, this method of obtaining fiat money allows one to convert virtual currency
without additional transaction costs and in a short period of time. If the Bitcoin rate is reduced
by 25%, the borrower will be informed that his Bitcoin will be sold if the further reduction will
go up to 30% – some will cover the loan amount and interest, and some of the funds will be
returned to the borrower.
Standard loan — this type of loan is more loyal to the user based on its conditions. The client
gets fiat money up to 40% of the total value of the collateral. In a time of falling Bitcoin, the
mortgage is not sold.
Floating rate loan — this type of loan uses a floating rate depending on the Bitcoin exchange
rate with the possibility of selling it. The loan amount is set at 50% of the value of the mortgage
That is, with the Bitcoin exchange rate at the credit date, a floating interest rate is used. The
floating interest rate on the loan is inversely proportional to the value of the mortgage adjusted
for the balance of loan debt. The base rate is adjusted based on the difference in the ratio
between the Bitcoin exchange rate and the balance of the debt principal.
Our efforts are aimed at improving the usability of the service. We will be grateful to everyone who will express their opinion on how to improve our product.
