Loan

Decentraland

Loan

Decentraland loans.
Borrow against MANA.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Decentraland?

Decentraland is building a decentralized, blockchain-based virtual world for users to create, experience and monetize content and applications.

How do loans backed by MANA works

Crypto-finance opens a hassle-free loan option for those who need it and offers an easy way for the lenders to fund it. People who need credit can easily get a loan in USDT by using their digital currencies like Decentraland (MANA) without giving up the rights. No credit checks and paperwork mean that the whole process is done in a short period, hence very cost-effective.

The Cropty platform is a place where the lenders can put their digital coins in an account that is specifically made for that purpose in a very secure way. A custodian handles all the transactions between the borrowers and the lenders, thus providing a safe and secure environment. They act as a reliable point that connects and at the same time safeguards the interests of all parties involved.

Such efficient systems allow the borrowers to tap into the resources without selling the digital assets. In the constantly changing market, people are protected from the worst market falls. The peer-to-peer lending model also simplifies the whole process of borrowing money and the necessity of credit checking is totally done away with.

At the same time, the financiers get returns over their combined assets via credit reimbursements which, in turn, enables them to unlock the value of their crypto-assets. This simultaneously creates a win-win situation and that is by providing an excellent platform for the borrowers to fulfill their cash requirements while, at the same time, giving creditors a better investment option.

Cropty's platform thoroughly and carefully processes all dealings without any third-party intervention and uses cutting-edge blockchain technology that guarantees the smooth execution of all operations. This greatly reduces the chances of fraud and offers a safe financial ecosystem.

Decentraland Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

18% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

Borrow crypto

Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Cropty platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on Decentraland? Borrow usd against Decentraland on Cropty

The process of getting an Decentraland cryptocurrency loan is quite simple. First, you need to create your account on Cropty, a platform that offers Decentraland cryptocurrency lending services. Then, you need to provide your MANA as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that Decentraland cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on Decentraland? Borrow usd against Decentraland on Cropty

To authorize an Decentraland Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Learn more about MANA Crypto Loans

Decentraland lending

The trend of using Decentraland as collateral for a loan has gone up significantly and a lot of crypto owners have benefited from that as they can have cash on hand quickly without selling their assets. Such crypto loans based on Decentraland are called MANA loans, and these loans inspire people’s confidence because they are value-backed lending transactions. Thus, crypto owners can easily get MANA credits, which, in turn, will allow them to use these funds for investment, bill payments, or to start a new enterprise. This breakthrough MANA-backed lending method is an open door for people to increase their Decentraland holdings and access the funds they need.

MANA as a collateral

Decentraland, or MANA, is one of the most common assets for which crypto loans are taken. People who use Decentraland lending services can lead in Decentraland or take a loan to earn interest. Such borrowing methods enable users to access funds instantly against their Decentraland assets, thus, they can still use their assets. What is more, borrowers can take out MANA-backed USD loans, thus their funds become even more portable and flexible. However, the question still remains what is the way of getting a loan in Decentraland? To be more specific, the borrower deposits the MANA as collateral and can get a loan equivalent to the value of the asset. This type of instant crypto loan is a convenient solution for those who want quick access to money but do not want to sell their Decentraland holdings.

Interest rates for loans secured by Decentraland

We at Cropty understand the importance of providing the most competitive rates. As a result, we offer borrowing facilities in cryptocurrencies at an attractive rate of 9%. These low-interest loans are just the right tool to get you the necessary cash, no matter if you run out of money due to personal or business reasons, and you will not have to sell your crypto assets.

A notable characteristic of Cropty's cryptocurrency loans is the non-custodial nature of the security agreement. Let's say the debtor doesn't fulfill the contract of the loan. Then the security (in this case, MANA) will still belong to Cropty, while the lender will receive the Tether USDT that has been allotted to them. Such an arrangement results in a fair loan recovery process with rewards for all stakeholders involved

Cropty has decided to use an automatic liquidation process that covers the risk of Decentraland loss in value. If the market price of the collateral falls, the loan is immediately liquidated. This measure allows both the lender and the borrower to avoid possible losses in the event of a market decline.

Cropty values simplicity and transparency as highly as convenience. Through our user-friendly platform, our clients can take a look at the status of their loan accounts. Besides, borrowers are at liberty to add more security, take the loan off earlier than expected, or settle the loan by paying both the principal and the accumulated interest.

If you are confused about how to get a loan in cryptocurrency, Cropty will give you the opportunity to use your Decentraland as leverage and get Tether USDT right away. Our crypto-backed loans provide a fast and convenient alternative to cover your financial needs.

Borrow crypto

Why choose Decentraland Cropty Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Cropty Decentraland Crypto Loan?

Cropty Decentraland Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Cropty, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Cropty Decentraland Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Cropty Decentraland Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Cropty will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Cropty provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Cropty Crypto Loan?

Cropty Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Cropty Decentraland Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Cropty as security for the repayment of your loan.

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