Loan

Immutable X

Loan

Immutable X loans.
Borrow against IMX.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Immutable X?

Immutable X operates as the first-ever Layer 2 scaling solution for NFTs on the Ethereum blockchain. Utilizing zk rollup technology, Immutable X aims to solve high gas fee and scalability concerns when minting and trading NFTs.

How do loans backed by IMX works

Crypto lending brings a streamlined option tailored for both the debtor and creditor. Individuals can put their crypto wealth, such as Immutable X (IMX), in the form of USDT-backed loans all the while retaining possession of the coins. This entirely bypasses the requirement for meticulous credit evaluations and endless bureaucracy, culminating in a swifter, more economical process.

With Cropty's platform, credit providers confer their cryptos, IMX for instance, into an isolated account. A custodial entity then governs the transactions between the lenders and debtors, thereby providing a robust and secure conduit for interaction. They serve as an unbiased intermediary to ensure all parties involved retain their core interests.

This arrangement profits borrowers by availing liquidity without compelled sales of their coveted coke. An ideal case especially amid extreme crypto trading trajectories where the risk of incurring losses is high. The adopted model expedited loan exchanges and does away with the pervasive credit scrutiny.

For lenders, it's an opportunity to capitalize on their cryptocurrencies through an interest-accumulative funds' repayment framework. Essentially, it's a reciprocal beneficial system with debtors assuming loans while creditors augment their crypto portfolio proceeds.

The Cropty platform manages the cross-interactivity between both creditor and debtor, and the infallibility of blockchain underlines safe, intermediary-free dealings. The negligible likelihood of deceitful activities ensures a secure lending atmosphere for all.

Immutable X 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 Immutable X? Borrow usd against Immutable X on Cropty

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

To authorize an Immutable X 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 IMX Crypto Loans

Immutable X lending

Securing loans with Immutable X is fast becoming a popular method for individuals who own cryptocurrency to obtain funds. Crypto holders are now empowered to leverage on their Immutable X assets to get instant liquidity through IMX loans, eliminating the requirement to sell off their holdings. These IMX loans are safeguarded by the value of the borrower's Immutable X, delivering a secure platform for borrowing. Now, individuals can effortlessly secure an IMX loan to use the proceeds for numerous applications including investing, settling bills, or even venturing into business. This emerging IMX lending form provides a wealth of options for people to utilize their Immutable X assets and avail of needed finances.

IMX as a collateral

"Immutable X (IMX) is widely used for crypto-oriented borrowing. IMX lending platforms grant loans in IMX or cash, allowing seamless access to funds against one's IMX assets, liquidating without selling. Users, hypothecating IMX as security, receive loans based on asset value. Such payday crypto solutions, whilst retaining IMX holdings, afford rapid fund availability, offering versatility and liquidity. But how does IMX loan operate? Essentially, you mortgage your IMX - the loan sum depends on its worth. Leveraging IMX, crypto loans represent an accessible arrangement for fast fund access while perpetuating IMX investments."

Interest rates on loans secured by Immutable X.

Cropty recognizes the pivotal role of competitive interest rates in the financial sphere. Consequently, it presents the opportunity of acquiring loans via cryptocurrency at an extremely appealing rate of 9%. Regardless of whether the necessity of funds is personal or commercial, our cost-efficient, low-interest loans are a practical alternative to liquidate your assets without parting with your precious cryptocurrencies.

A distinguishing feature of crypto loans by Cropty is the collateralization process. In case of a loan default, the backup IMX stays with Cropty, whereas the borrower retains the issued Tether USDT to them. This mechanism embodies a just and harmonic way of loan recovery, is advantageous for all the parties involved.

To effectively tackle any decline in value of Immutable X, Cropty incorporates an automatic liquidation procedure. If the worth of the collateral descends below a crucial borderline, the loan will be liquidated immediately. This anticipatory strategy safeguards both, the lender and the borrower against unforeseen damages arising from market downturns.

Cropty prioritizes transparency and ease of use. Through our intuitive interface, users can smoothly keep a tab on their loan product status. Moreover, borrowers have the leeway to supplement more collateral, clear the loan before its due time or settle the loan by paying back the principal amount along with any interest generated.

For those questioning how to receive a loan using cryptocurrency, Cropty proposes immediate digital coin loans. You can pledge Immutable X and obtain Tether USDT in return. Our loans backed by cryptocurrency assure a swift and handy solution for catering to your monetary requirements.

Borrow crypto

Why choose Immutable X 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 Immutable X Crypto Loan?

Cropty Immutable X 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 Immutable X 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 Immutable X 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 Immutable X 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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