Posted 6 months ago | by @devadmin

Get an instant loan at a 50% LTV ratio.

20201228 Crypto Credit Collateral Blog 1 Crypto Credit Now Supports ADA, ALGO, ATOM, VET, LINK, and WBTC

Crypto.com is pleased to announce that users can now deposit ADA, ALGO, ATOM, VET, LINK, and WBTC as collateral on Crypto Credit, and instantly secure a loan at a 50% loan-to-value (LTV) ratio.

Crypto Credit allows users to monetise their crypto assets without the need to sell them. There are no required credit checks or repayment deadlines.

Supported Collaterals: CRO, BTC, ETH, LTC, XLM, EOS, ADA, ALGO, ATOM, VET, LINK, and WBTC

Supported Loan Currencies: USDC / USDT / TUSD / PAX

Loan-to-Value (LTV) Ratio: 50%

CRO Token Utility: Users who stake CRO can enjoy a lower annual interest rate (APR):

Screenshot 2020 12 28 at 5.40.34 PM Crypto Credit Now Supports ADA, ALGO, ATOM, VET, LINK, and WBTC

Notes:

Interest begins from the day the loan is initiated and will continue while the loan is in effect. The LTV ratio may be adjusted by Crypto.com.
For more details on Crypto Credit, click here.

Original article on Crypto.com’s blog here.