Loan

Flow

Loan

Flow loans.
Borrow against FLOW.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Flow?

Flow is a blockchain created by Dapper Labs that aims to make it easy for developers to build decentralized applications and businesses. Flow uses a multi-role architecture design to scale the network instead of sharding. One of the fundamental reasons Dapper Labs opted to shift away from Ethereum and build its own general-purpose blockchain was to avoid the complexity of sharding. Flow asserts that its scaling-without-sharding strategy will improve network speed and throughput while preserving composability standards and a developer-friendly, ACID-compliant environment.

How do loans backed by FLOW works

Cryptocurrency-based lending presents a straightforward answer to the needs of borrowers and lenders alike. Those requiring loans can pledge their crypto assets like Flow (FLOW) as security, maintaining their ownership, while acquiring funds in USDT. It rids users of burdensome credit verifications and excessive paperwork, making the route quicker and cost-effective through Cropty.

On the flip side, lenders have the opportunity to place their cryptocurrencies into a specialized account on the Cropty platform. An entrusted custodian is in place, who manages the dealings between borrowers and lenders, providing a safe and secure operation.

The custodian builds a bridge of trust between the borrower and lender, safeguarding the interests of both parties. This method favorably aids borrowers by offering them fund access without having to sell their digital assets. This proves particularly beneficial during unstable market conditions, where potential losses can be evaded. Additionally, it simplifies the loan mechanism and eliminates the necessity for credit evaluations.

By contrast, lenders can reap profits off their deposited funds via loan repayment interest, deriving profits from their crypto investments. It produces a situation of mutual gains where loan recipients meet the need for funds, and providers are rewarded for their participation.

With the Cropty platform steering borrower-lender interactions and the use of blockchain technology offers a secure transaction environment devoid of third-party interferences. It diminishes the chances of fraud, creating a reliable atmosphere for crypto lending.

Flow 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 Flow? Borrow usd against Flow on Cropty

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

To authorize an Flow 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 FLOW Crypto Loans

Flow lending

Cryptocurrency enthusiasts are gravitating towards Flow-backed loans for immediate cash requirements. Secured against a borrower's Flow crypto-assets, these loans provide immediate liquidity without the obligation of liquidating their holdings. Flow collateralized loans offer stability in lending, safeguarded by the borrower's Flow value. Individuals can effortlessly secure a Flow loan for diverse objectives - reinvesting, bill payments, kickstarting a startup, and more. This avant-garde approach to Flow-backed lending has unlocked new prospects for individuals to utilize their Flow assets and procure crucial financial aid.

FLOW as a collateral

Blockchain-based Flow, also known as FLOW, has risen to popularity as a preferred option for crypto-secured loans. Platforms offering Flow loans enable users to land loans or lend their Flow to generate earnings. This unique loan system enables parties to leverage their Flow assets, resulting in immediate cash availability without the necessity to liquidate assets. Even borrowing against FLOW in USD is feasible, thereby enhancing financial flexibility and liquidity. So, what's the Flow loan process? In simple terms, users secure their loans with FLOW as a collateral, the loan amount is then determined by the worth of their holdings. Such crypto 'payday' loans expediently cater to people in need of fast cash while allowing them to keep hold their Flow investments.

Interest rates for loans secured by Flow

Cropty appreciates the significance of affordable rates, hence, we extend appealing 9% interest loans using digital coins. Whether your financial needs are personal or entrepreneurial, our economically efficient loans offer a feasible avenue for gaining liquidity without relinquishing your valuable digital assets.

A prominent aspect of Cropty's crypto loan service is the collateralization mechanism. In the event of a loan default, the pledged FLOW remains with Cropty while the borrower retains the issued Tether USDT. This equitable recovery approach is mutually beneficial to all the participants involved.

To offset the possibility of Flow depreciation, Cropty has an automatic liquidation system at their disposal. Should the collateral's value plunge below a defined level, the loan would be liquidated. Such a preventative method protects the funder and borrower from potential discrepancies resulting from a market dip.

At Cropty, we are committed to maintaining an environment of clarity and ease. Clients can effortlessly track their loan status through our simplistic interface. Plus, there's additional flexibility to top up the collateral, expedite repayment, or resolve the loan by reimbursing the principal amount along with the accumulated interest.

If you're looking for ways to secure a loan utilizing digital coins, Cropty facilitates instant coin loans. You can leverage Flow as collateral and incur Tether USDT in return. Our crypto-secured loans tailor a speedy and accessible monetary solution for your financial necessities.

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Why choose Flow 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 Flow Crypto Loan?

Cropty Flow 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 Flow 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 Flow 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 Flow 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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