Loan

NEAR Protocol

Loan

NEAR Protocol loans.
Borrow against NEAR.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is NEAR Protocol?

NEAR is a decentralized development platform that uses a Proof-of-Stake (PoS) consensus mechanism and will eventually feature a sharded architecture to scale transaction throughput. Its block generation scheme is called Doomslug and its proposed sharding design is dubbed Nightshade. These technologies will work together to scale the network and minimize congestion. NEAR has also been designed to be developer and user-friendly as it features a few key innovations to accelerate the application development and user-onboarding processes. The NEAR blockchain was created and developed by the NEAR Foundation. Its mainnet went live in April 2020, and network validators voted to unlock token transfers in October 2020. NEAR's bridge to Ethereum (called the Rainbow Bridge) launched in March 2021.

How do loans supported by NEAR work?

Cryptoloaning is a simple and convenient method of using loans for both borrowers and investors. Cryptocurrency holders can obtain a loan in USDT by using their digital assets as collateral, while retaining ownership rights. There is no need to undergo credit history checks or deal with paperwork — the process becomes faster and cheaper.

Investors, in turn, can deposit their cryptocurrency (for example, NEAR Protocol / NEAR) into a special account on the Cropty platform. This gives them the opportunity to earn, while everything remains safe and convenient.

An important role in this process is played by the custodian — a reliable intermediary who ensures the security and fairness of all transactions between borrowers and lenders. He makes sure that everything goes smoothly and in the interests of both parties.

Borrowers get access to funds without selling their crypto. This is especially useful in a volatile market — it helps avoid losses from sudden price drops. Additionally, the lack of credit checks makes the whole process much simpler and more accessible.

For investors, this system is an opportunity to earn passive income: they receive interest when borrowers repay funds. Crypto starts working and generating profit.

The Cropty platform makes the entire process transparent and secure. Everything is built on blockchain technology, which eliminates intermediaries and minimizes the risk of fraud, creating a reliable and protected credit ecosystem.

NEAR Protocol 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 NEAR Protocol? Borrow usd against NEAR Protocol on Cropty

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

To authorize an NEAR Protocol 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 NEAR Crypto Loans

Lending on NEAR Protocol

Lending through the NEAR protocol is becoming increasingly popular. It allows cryptocurrency holders to use their NEAR tokens as collateral to obtain a loan. You don’t need to sell your crypto — you simply temporarily "freeze" it and, in return, receive liquid funds. Loans supported by NEAR Protocol are considered reliable and secure. You can quickly get a loan collateralized by NEAR and use the money as you wish — for example, invest, pay bills, or start your own business. This modern lending method opens up new opportunities for users: you can now access the money you need simply by using your NEAR assets — without unnecessary bureaucracy or loss of ownership.

NEAR as collateral

NEAR Protocol (or simply NEAR) has become a popular cryptocurrency for obtaining collateralized loans. On platforms supporting NEAR Protocol, users can choose one of two options: lend and earn interest or borrow themselves using their NEAR tokens as collateral. This is a convenient way to quickly get money without the need to sell your assets. The loan amount depends on the quantity and value of the pledged tokens. This way, you can gain liquidity right now while retaining ownership of your cryptocurrency. There is also the possibility to get a loan in US dollars secured by NEAR, providing additional financial flexibility. How does it work? It’s simple: you pledge your NEAR as collateral, and based on their value, you receive the required amount.

Interest rates on loans secured by NEAR Protocol.

At Cropty, we understand how important favorable terms are, which is why we offer crypto loans at an attractive rate — only 9%. Whether you need money for personal needs or for business, with our loans you get access to liquidity without selling your valuable digital assets.

What makes our loans special is the collateral system. If the loan is not repaid, we hold the pledged NEAR tokens, while the borrower keeps the received USDT (Tether). This scheme creates fair conditions for both parties and ensures trust in the process.

To protect participants from the devaluation of NEAR, we use an automatic liquidation system. If the collateral value falls below a certain threshold, the loan is closed automatically. This helps protect both the lender and the borrower from losses due to price drops.

All of this is implemented on the Cropty platform, where transparency and convenience come together. Each user can easily track the status of their loans through a simple and clear interface. The borrower can also: add additional collateral, repay the loan early, or fully settle the amount with interest.

If you want to use cryptocurrency to quickly get a loan, Cropty provides all the necessary tools for this. Pledge NEAR — and receive Tether USDT. This is a fast and convenient way to solve financial problems without unnecessary bureaucracy.

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Why choose NEAR Protocol 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 NEAR Protocol Crypto Loan?

Cropty NEAR Protocol 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 NEAR Protocol 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 NEAR Protocol 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 NEAR Protocol 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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