Loan

Maker

Loan

Maker loans.
Borrow against MKR.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Maker?

Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.

How MKR loans work

The crypto lending scheme is an easy-to-use tool that is suitable both for individuals who want to take out a loan and those who are willing to lend money. The borrowers can receive a loan in USDT by pledging their cryptocurrency as the loan's security. Meanwhile, the ownership of their digital assets is retained. With this method, credit checks and paperwork are out of the question — everything is done in a faster and cheaper way.

In turn, the investors can put their cryptocurrency (for example, Maker/MKR) into a special account on the Cropty platform. A custodian - an authorized intermediary who manages the transactions between the borrowers and the investors and ensures the safety of both parties - oversees this process.

Thus, for the debtors, it is profitable: they get the money they need without selling their crypto. The most significant thing in a volatile market is the sharp price which leads to the losses of the holders of digital assets. Besides, the loan transfiring stage here is much simpler - the credit part is not required.

The investors also receive their benefits: they make a return on the capital through the interest on the loan, thereby turning their cryptocurrencies into money-generating instruments. Ultimately, the result is win-win: the debtors get the money they need, and the lenders cash in.

The Cropty platform controls the whole system and is responsible for safe and secure transactions with the use of the blockchain technology. The operations are done without any intermediaries and the possibility of fraudulent actions is minimal - everything is fair, transparent, and reliable.

Maker Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

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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 Maker? Borrow usd against Maker on Cropty

The process of getting an Maker cryptocurrency loan is quite simple. First, you need to create your account on Cropty, a platform that offers Maker cryptocurrency lending services. Then, you need to provide your MKR 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 Maker 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 Maker? Borrow usd against Maker on Cropty

To authorize an Maker 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 MKR Crypto Loans

Loan backed by MKR

More and more crypto investors are opting for loans secured by Maker tokens, which are becoming more and more popular. Such loans enable you to use the money in your Maker wallet as security and get the money right away — without a cash-out of your assets. These loans are considered a safe option as they are secured with collateral — a number of Maker tokens that belong to you. This lowers the risks for both the borrower and the exchange. Indeed, it is very easy to get a loan secured by Maker. The money can be spent in any way: on an investment, on paying off debts, or on business capital. This move has given investors a new lease of life: they can now deploy their Maker tokens in a smart way to get the required funds in no time and still hold onto their investments.

MKR as collateral

Lending backed by Maker (MKR) is gaining more and more traction. On the MKR-compatible platforms, users can choose to borrow a loan against their tokens or to deposit MKR in order to get some interest. Such loans allow users to get the money they need very fast without a transfer or a sale of the assets. The Maker tokens are just locked as the collateral, and you get the necessary amount. A loan in US dollars with MKR as the collateral is also available — this gives more versatility and a direct path to cash without performing redundant steps. So, how it functions? Quite straightforward: you put MKR up for the collateral, and the amount of the loan is determined by their value. It is a pretty handy option for people who need to have quick money access but wish to keep their Maker investments.

Interest rates on loans secured by Maker

At Cropty, we are proud that we are able to provide our customers with interest rates that are among the lowest in the market. For cryptographic money loans, we offer a rate of only 9% annually. Hence, whether it is for your private or business needs, with our loans, you will be able to access cash fast without having to part with your valuable crypto assets.

The distinctive feature of Cropty loans is the method of dealing with collateral. If the borrower defaults, the pledged Maker (MKR) tokens stay with Cropty while the USDT (Tether) previously issued is repossessed by the borrower. By this, the system enables conditions for fair repayment while, at the same time, ensuring the protection of the interests of both sides.

In order to eliminate losses due to a possible decrease in Maker's price, an automatic liquidation system has been introduced by us. At an agreed point, if the value of the collateral falls below the mark, the closing of the loan will be done automatically. So both the borrower and the lender are protected from risk arising from sudden changes in the market.

Additionally, the platform considers convenience and transparency as its strengths. The easy and quick way to track the loan status is by using the

Cropty platform which comes with a simple and user-friendly interface. Moreover, borrowers are empowered with the following options: increasing the collateral at any time, paying off the debt ahead of schedule, or completely finishing the loan together with the accrued interest.

If you're looking for a trustworthy and comfortable way to get a crypto loan secured by your assets, Cropty is the solution that will bring you such a chance. You may put down Maker as security and get Tether USDT. It is a prompt, solid, and straightforward way to handle your financial plight.

Borrow crypto

Why choose Maker 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 Maker Crypto Loan?

Cropty Maker 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 Maker 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 Maker 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 Maker 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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