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 do loans backed by MKR works

Cryptocurrency-backed lending provides an efficient avenue for both loan seekers and funders. Borrowers can leverage their digital assets, such as Maker (MKR), to secure USDT loans while maintaining ownership of their crypto assets. This process skirts the need for lengthy procedures and meticulous credit analyses, making the operation swift and cost-effective.

Funders can lodge their digital currencies, including Maker, into a dedicated wallet within the innovative Cropty ecosystem. The platform's guardian supervises the exchange between borrowers and lenders, improving process security. As an impartial third-party, the guardian guarantees fair play, securing each party's interests.

By exploiting this construction, borrowers can tap into easily accessible liquidity without relinquishing their cryptocurrency. This method is invaluable during market volatility, preventing potential asset depreciation. The funding structure helps streamline the borrowing process and eliminates the necessity for credit appraisals.

Funders accrue gains via interest repayments against loans extended, facilitating growth of their digital portfolios. It's a mutually beneficial scenario where borrowers receive funding while funders make a profit through loan repayment.

Cropty's system steers the borrower-lender dynamic, and the use of blockchain technology safeguards these transactions excluding traditional brokers. This lowers the potential for deceiving practices and furnishes a secure lending atmosphere.

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

Maker lending

Borrowing via Maker is swiftly gaining traction among those owning cryptocurrencies, providing a means to secure funds. Via Maker-secured loans, asset holders can secure capital against their Maker stakes, offering prompt asset liquidity without asset liquidation. These MKR loans are rooted in the borrower's Maker collateral worth, promising a safe loaning environment. Borrowers can now smoothly procure an MKR loan, using the secured capital for a gamut of purposes like investing, bill payments, or even launching a new venture. This path-breaking approach to MKR loaning opens novel prospects for people to utilize their Maker stakes and obtain the capital they need.

MKR as a collateral

MKR, also known as Maker, has become a preferred form of collateral in the world of cryptocurrency loans. Platforms offering Maker lending enable users to either loan their Maker for interest gain or use it for secured loans, yielding immediate cash access without offloading the actual crypto assets. Some even offer MKR-secured loans that can be drawn in USD, providing asset flexibility and liquidity. So what is this about? Basically, users use their Maker as security and receive credits aligned with its value. Serving as a timely answer for those needing fast yet secure liquidity while maintaining their Maker investments, these crypto payday loans indeed provide a unique financial solution.

Interest rates of loans secured by Maker

At Cropty, we comprehend the need for competitive borrowing rates. This is why we present loans pegged on cryptocurrency striking a compelling rate of 9%. Whether your requirements are for personal or business ends, our low-interest loans furnish an economical path to attain liquidity, minus the need to sell your cherished cryptocurrencies.

A distinguishing feature of Cropty’s crypto loans centers around the collateralization process. This implies, if a client defaults, we retain the MKR collateral; however, the borrower retains the Tether USDT disbursed to them. Our approach in these instances affirms a just and balanced default management, which respectively benefits both the lender and borrower.

Given the risk of a Maker depreciation, Cropty instigated an automatic liquidation mechanism. Should the collateral value dip below a set level, the loan faces liquidation. This preemptive move guards both the lender and the borrower from possible financial losses during market slumps.

At Cropty, the value we place on transparency and user-friendliness surpasses all else. Our patrons can effortlessly track their loan status using our easy to navigate interface. Furthermore, our borrowers flexibly have options to replenish their collateral, retire the loans before due date, or settle their loans with the principal sum and the accompanying accumulated interest.

For those contemplating the mechanisms of acquiring a loan via cryptocurrency, Cropty proffers immediate coin loans. The flexibility of borrowing against Maker, and receiving in Tether USDT, continues to position our crypto-supported loans as an efficient and expedient solution provider to your monetary obligations.

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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