Posted 1 year ago | by @devadmin
Get an instant loan at a 50% LTV ratio.
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):
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.