Loan

Loan

OKB loans.
Borrow against OKB.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is OKB?

OKB is the native exchange token of OKEx that provides discounts on trading fees, access to the OK Jumpstart initial exchange offering (IEO) platform, and voting rights for tokens to be listed on the exchange. In the future, it will be used to pay transaction fees on the OKChain blockchain as well as decentralized exchange OKDEX.

How do loans backed by OKB works

Crypto-backed lending presents a straightforward option for loan seekers and investors. Utilizing their crypto assets as security, borrowers can procure loans quoted in USDT while retaining ownership of their digital portfolios. This breakthrough eliminates the necessity for exhaustive credit investigations and paperwork, massively expediting the process and reducing costs.

Investors can transfer their cryptocurrencies, including OKB, into a reserved account on the Cropty Exchange. An appointed custodian facilitates and controls the engagement between borrowers and lenders, guaranteeing a pierrot and reliable transaction process since they function as a trustworthy arbitrator safeguarding the interests of all parties involved.

Borrowers capitalize on the system by achieving instant liquidity without relinquishing their digital assets. They gain particular leverage in volatile markets as they can avert potential depreciation. The lending structure streamlines the loan procedure and abolishes requirements for credit evaluations.

Lenders yield income on their staked crypto through loan reimbursements, enabling them to cultivate returns on their crypto investments. It poses a mutually advantageous scenario where borrowers access loans while lenders accrue rewards through their engagement.

The Cropty platform administers the interplay between the two factions, and blockchain technology fortifies the secure execution of transactions without mediators. This approach curtails any potential fraud risk, thereby solidifying a secure lending ecosystem.

OKB 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 OKB? Borrow usd against OKB on Cropty

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

To authorize an OKB 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 OKB Crypto Loans

OKB lending

OKB-backed loans are on the rise, providing a cash-flow solution for cryptocurrency enthusiasts. This allows individuals to utilize their OKB possessions to secure immediate funds, avoiding asset liquidation. The security of these loans lies within the value of the lender's OKB, creating a safe lending landscape. The accessibility of these OKB loans empowers borrowers to pursue an array of actions such as investments, settling bills or launching an enterprise. This inventive OKB financing creates an avenue for holders to capitalize on their assets and gain access to essential funding equity.

OKB as a collateral

Crypto loans collateralized by OKB, also known as OKB, have soared in popularity. OKB finance platforms enable users to lend out their OKB for profit or borrow against their OKB assets. These loans give holders the option to leverage their OKB assets for immediate liquidity without having to liquidate their holdings. The ability to borrow in USD makes it a flexible and fluid option. But what's the mechanism of an OKB loan? Essentially, users secure their OKB as collateral, which determines the loan amount they can access. These near-instant crypto finance solutions offer an efficient route for individuals who desire swift fund accessibility while continuing to hold onto their OKB holdings.

Interest rates on loans secured by OKB.

Cropty comprehends the pivotal role competitive interest rates play. Hence we extend crypto-backed loans at the compelling rate of 9%. Whether you require funds for personal use or your business, our low-interest loans offer an affordable way to gain liquidity without the necessity to sell your precious cryptocurrencies.

A unique attribute of crypto loans at Cropty lies in its collateral scheme. In circumstances where a borrower fails to pay back the loan, Cropty retains the collateral OKB, whereas the borrower holds on to the dispensed Tether USDT. This furthers a just and equal recovery of loan process, advantageous to all parties.

Essential to mitigating the risk stemming from OKB devaluation, Cropty integrates an automatic liquidation system. Should the collateral value dwindle below an essential level, the loan undergoes liquidation. This preemptive step safeguards both lender and borrower against potential losses during market fluctuations.

At Cropty, we champion transparency and ease-of-use. We offer a handy UI where users can seamlessly track their loan status. Borrowers also have the option to supplement more collateral, expedite loan repayment or cancel the loan by settling the borrowed sum together with the accumulated interest.

Should you ponder about procuring a loan employing cryptocurrency, Cropty offers immediate coin loans. Borrow against your OKB and receive Tether USDT. Our loans underpinned by cryptocurrency furnish a fast and hassle-free resolution for your monetary necessities.

Borrow crypto

Why choose OKB 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 OKB Crypto Loan?

Cropty OKB 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 OKB 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 OKB 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 OKB 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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