Loan

Loan

EOS loans.
Borrow against EOS.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is EOS?

EOS is an open-source protocol designed by Dan Larimer and Block.one to support the creation of smart contracts and decentralized applications (dApps). Its network features a delegated Proof-of-Stake (DPoS) consensus mechanism to help secure the platform while giving it a level of performance desirable for running applications. Through DPoS, EOS offers greater scalability and transaction throughput than traditional blockchain networks, but to a certain extent, it relinquishes complete decentralization and censorship resistance.

How do loans backed by EOS works

Crypto-backed loans provide a straightforward solution for both debt takers and providers. Debt takers can leverage their crypto assets as collateral to secure loans in USDT, maintaining ownership of their digital wealth. The process becomes efficient due to a removal of credit history checking and paperwork, which ultimately makes it more cost-effective.

Providers, on the other hand, have an opportunity to commit their crypto assets, such as EOS (EOS), on the Cropty platform in a special account for loans. An entrusted custodian monitors these activities between both parties to ensure security, acting as a reliable bridge while safeguarding the interests of both sides.

Instead of selling their crypto assets, borrowers could easily access liquid assets, particularly beneficial during volatile market conditions as they can sidestep potential hazards. This lending model further streamlines the loan procurement process, doing away with typical credit history inspections.

Providers get to earn from their contributed assets via the loan repayments, which turns their idle cryptocurrency assets into productive ones. This creates a mutually beneficial setup in the world of crypto lending, giving rise to both loan receivers and providers.

Cropty's system governs the connection between borrowers and providers. Moreover, the guarantee of secure transactions is enabled by blockchain technology while omitting any outside interference, reducing the chances of fraudulent activities, thus, cultivating a secure atmosphere for lending.

EOS Loan Calculator

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USDT

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Interest rate

15% per year

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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 EOS? Borrow usd against EOS on Cropty

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

To authorize an EOS 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 EOS Crypto Loans

EOS lending

EOS-backed loans have grown exponentially in fame among digital currency holders seeking instant capital. Using these types of loans, enthusiasts can leverage their EOS possession, offering them immediate cash flow without the requirement to liquidate their assets. Such loans are anchored by the worth of the borrower's EOS contributing to a secured borrowing avenue. Individuals can now conveniently get an EOS loan and utilize these financial assets for diverse needs ranging from investment, bill settlement, or even kick-starting a business. This evocative approach to EOS lending has unfolded novel prospects for people to exploit their EOS resources for prompt and necessary funds access.

EOS as a collateral

EOS has risen as a prevalent asset for cryptocurrency-secured loans. Utilizing EOS loan networks, users have the capacity to lend their EOS for earning interest or borrow against it. These loans offer direct funds accession, without the requirement to liquidate assets. Interestingly, borrowers possess the opportunity to loan in USD against EOS, ensuring liquidity and adaptability. But what's the methodology behind EOS loans? In a nutshell, borrowers pledge their EOS as security and based on its valuation, receive a loan. Crypto payday loans using EOS as security offer a handy pathway for those needing funds swiftly, but desiring to keep their EOS asset investments intact.

Interest rates on loans secured by EOS

At Cropty, we recognize the crucial role of competitive loan interest rates. Therefore, we're offering finance, underwritten by cryptocurrency, at an immensely appealing 9% interest rate. If you require monetary assistance for personal or professional purposes, our inexpensive loans represent an optimal strategy for harnessing liquidity without the obligation to offload your invaluable digital assets.

A distinctive aspect of Cropty's crypto loans is the collateral strategy. In the event of a default by the borrower, Cropty retains the collateralized EOS, while the borrower retains the Tether USDT credited to them. This protocol prompts a judicious and unbiased course towards debt recovery, engendering benefits for all involved entities.

In order to preempt any EOS depreciation risk, Cropty has implemented an automatic liquidation function. If collateral value plunges below a crucial baseline, the loan undergoes liquidation. Such an anticipatory procedure safeguards the lender and borrower against potential financial hits during market declines.

Cropty embodies unquestioned transparency and ease. Users can keep track of their borrowed capital through our intuitive platform. Furthermore, borrowers are permitted to supplement their collateral, settle their loans early, or fulfil the loan terms by repaying the principal plus interest.

Are you trying to decipher how to secure finance with your cryptocurrency? Cropty has just the ticket with their immediate coin lending services. By pledging EOS as collateral, you can draw out Tether USDT. The blockchain-backed finance from Cropty offers speedy, straightforward respite for your fiscal requirements.

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Why choose EOS 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 EOS Crypto Loan?

Cropty EOS 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 EOS 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 EOS 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 EOS 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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