Instant Crypto Loans: Unlock Your Funds
NEAR Protocol

NEAR Protocol loans.
Borrow against NEAR.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions
Instant Crypto Loans: Unlock Your Funds

What is NEAR Protocol?

What is NEAR Protocol?
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 backed by NEAR works

How do loans backed by NEAR works

The concept of crypto-backed credit offers an uncomplicated resolution for both borrowers and lenders. The former have the ability to access USDT loans, using their virtual currency as collateral, retaining ownership of their digital wealth, thus bypassing the necessity for credit assessments and documentation, accelerating the procedure and reducing costs.

On the other hand, lenders have the choice to inject their crypto, such as NEAR Protocol (NEAR), into a tailor-made account on the Cropty platform. The guardian supervises the dialogue between borrowers and lenders, hence promising secure process execution. Their role as a reliable middleman is to ensure the protection and alignment of both parties' interests.

From such a system, borrowers are advantaged by obtaining funds minus relinquishing their digital fortune. This mechanism proves essential during volatile market periods as it provides an escape from potential financial imbalance. The lending blueprint not only streamlines the loan journey but also removes credit evaluation necessities.

Lenders find merit in accruing interests from their deposits via loan redemptions, thus profiting from their crypto possession. In this environment, both ends of the spectrum gain - borrowers receive loans while lenders gain from their participation.

Cropty's innovative community safeguards the correspondence between the two parties, with the robust shield of blockchain technology ensuring safe funds transfer, void of intermediaries. In turn, this mitigates against potential fraudulent activity creating a fortress of secured lending.

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Crypto Loans explained
Crypto Loans explained

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

Learn more about NEAR Crypto Loans
NEAR Protocol lending
NEAR Protocol lending
Crypto lending through NEAR Protocol is becoming an attractive option for digital asset owners in need of financing. By taking out a loan against their NEAR Protocol assets, users gain immediate liquidity without having to liquidate their holdings. The value of the borrower's NEAR Protocol supports these loans, creating a safe borrowing scenario. NEAR loans could be effortlessly procured and utilized for diverse needs, such as investing, settling bills, or launching a business. This inventive way of NEAR Protocol lending ushers in new possibilities for holders to improve their liquidity and secure essential capital.
NEAR as a collateral
NEAR as a collateral
NEAR Protocol, commonly referred to as NEAR, has emerged as a favored route for loans backed by cryptocurrency. Through NEAR Protocol's lending platforms, users have the option to take out a loan using NEAR Protocol, or to lend their own NEAR Protocol in return for interest. These loans offer individuals the ability to borrow against their NEAR Protocol assets and have immediate access to capital without parting with the concerned assets. Borrowers even have the opportunity to borrow in USD against NEAR, enabling fluidity and adaptability. Wondering how loans via NEAR Protocol work? Essentially, users secure their loan by pledging their NEAR as collateral and based on its worth, they are granted a loan. These timely crypto loans cater to individuals demanding speedy access to funds whilst maintaining their NEAR Protocol assets.
Interest rates for loans secured by NEAR Protocol.
Interest rates for loans secured by NEAR Protocol.

Interest rates for loans secured by NEAR Protocol.

At Cropty, we recognise the significance of availing competitive lending rates. Thus, we allow patrons to secure a loan with their cryptocurrency holdings at a compelling 9% interest rate. Whether you require finance for your personal necessities or commercial needs, our loans, enjoined with low interest, render a budget-friendly method to unlock liquidity without letting go of your valued digital currencies.

What sets apart the crypto loans provided by Cropty is the collateralisation procedure. In an event where a loanee fails to reimburse the loan, the pledged NEAR stays with Cropty while the Tether USDT given to them remains theirs. This maintains a just and harmonious route to loan recovery, advantaging both parties involved.

To control the threat of a devaluation in NEAR Protocol, Cropty utilises an automated liquidation system. If the worth of the collateral descends beneath a critical limit, the loan undergoes liquidation. This proactive step guards both the creditor and debtor against prospective losses during a market slump.

At Cropty, we uphold the principle of transparency and ease of use. Users can effortlessly keep an eye on the status of their loan offerings via our intuitive platform. Moreover, our loanees enjoy the adaptability to tender additional collateral, prepay the loan, or terminate the loan by disbursing the borrowed sum, accompanied by

accrued interest.

In case you’re contemplating about procuring a loan using cryptocurrency, Cropty’s instant coin loans could just be the thing. Borrow against the NEAR Protocol to get Tether USDT instantly. Our digital currency backed loans offer a swift and handy resolution for meeting your finance requisites.

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.


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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