Loan

Decentralized USD

Loan

Decentralized USD loans.
Borrow against USDD.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Decentralized USD?

USDD is a stablecoin issued by the TRON DAO Reserve. It’s pegged to the value of the US dollar and aims to provide a reliable, decentralized cryptocurrency for blockchain transactions. USDD can be used for payments, trading, staking and as a value store.

USDD is backed by a number of cryptocurrencies, including Bitcoin, Ethereum and TRON. To ensure stability and security, the reserve is over-collateralized, meaning that it holds more assets than the amount of USDD currently in circulation.

How do loans backed by USDD works

Crypto loans provide a straightforward option for both borrowers and lenders. Borrowers can secure loans in USDT while using their cryptocurrency as collateral, allowing them to retain ownership of their digital assets. This process avoids the hassles of credit evaluations and extensive paperwork, making transactions quicker and more cost-effective.

Lenders can place their cryptocurrency, such as Decentralized USD (USDD), into a specialized account on the Cropty platform. An appointed custodian manages the relationship between borrowers and lenders, guaranteeing a secure experience. They serve as a reliable middleman, ensuring the protection of interests for both sides.

Borrowers gain by obtaining funds without needing to liquidate their cryptocurrency, which is particularly useful in volatile markets, helping them sidestep possible losses. The lending arrangement also streamlines the loan experience and eliminates the necessity of credit assessments.

Lenders benefit by earning interest on their invested funds as loans are paid back. This enables them to profit from their cryptocurrency holdings. It's a mutually advantageous scenario, where borrowers access loans and lenders receive returns from their contributions.

Cropty's platform governs the exchanges between borrowers and lenders, utilizing blockchain technology to guarantee safe transactions free from middlemen. This diminishes the fraud risk and fosters a secure lending atmosphere.

Decentralized USD 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 Decentralized USD? Borrow usd against Decentralized USD on Cropty

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

To authorize an Decentralized USD 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.

Decentralized USD lending

Borrowing with Decentralized USD has gained traction among cryptocurrency owners looking for quick access to cash. Through Decentralized USD loans, users can leverage their Decentralized USD assets, enabling them to gain immediate liquidity while keeping their investments intact. These USDD loans rely on the borrower's Decentralized USD value, creating a trustworthy lending framework. Now, borrowers have the flexibility to obtain a USDD loan and allocate the money for various needs, such as investing, settling bills, or even launching a venture. This cutting-edge approach to USDD lending has unlocked new pathways for people to use their Decentralized USD assets for essential funding.

USDD as a collateral

Decentralized USD, also known as USDD, is an increasingly favored option for loans backed by cryptocurrency. Through Decentralized USD lending platforms, users have the ability to either borrow USDD or lend their USDD to earn interest. This system enables individuals to take loans against their USDD holdings, granting them immediate access to cash without needing to liquidate their assets. Borrowers also have the option to borrow in USD using USDD, which adds both flexibility and liquidity. But how does this process work? Users essentially use their USDD as collateral; the amount of the loan is determined by its value. These crypto payday loans offer a practical way for individuals to quickly obtain funds while keeping their Decentralized USD investments intact.

Loans secured by Decentralized USD offer competitive interest rates.

At Cropty, we recognize how crucial it is to have appealing interest rates. That's why we provide loans using cryptocurrency at an attractive rate of just 9%. Whether you require funds for personal or business purposes, our low-interest loans present an economical way to access cash without having to liquidate your valuable cryptocurrencies.

A standout feature of Cropty's crypto loans is our collateral process. If a borrower fails to repay, the collateral in USDD remains with Cropty, while the borrower retains the Tether USDT issued to them. This ensures a fair and equitable approach to loan recovery, benefiting both parties involved.

To mitigate the risk of Decentralized USD depreciation, Cropty employs an automatic liquidation system. Should the value of the collateral dip below a defined limit, the loan will be promptly liquidated. This proactive strategy protects both the lender and the borrower from potential losses during a market slump.

Cropty prioritizes clarity and ease of use. Our users can effortlessly track the status of their loans through our intuitive interface. Moreover, borrowers can easily increase their collateral, pay off the loan early, or settle the loan by repaying the borrowed sum along with the interest accrued.

If you’re curious about obtaining a loan with cryptocurrency, Cropty offers instant coin loans. You can secure funds against Decentralized USD and receive Tether USDT in return. Our crypto-backed loans offer a swift and hassle-free solution for your financial requirements.

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Why choose Decentralized USD 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 Decentralized USD Crypto Loan?

Cropty Decentralized USD 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 Decentralized USD 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 Decentralized USD 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 Decentralized USD 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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More coins

From Decentralized USD to altcoins, our diverse range of supported assets provides you with the freedom to choose the perfect collateral for your loan