Loan

Tezos

Loan

Tezos loans.
Borrow against XTZ.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Tezos?

Tezos is a multi-purpose blockchain which aims to combine a self-amending protocol and on-chain governance to manage future changes and implementations to the network. It supports the creation of new tokens and smart contracts (thus decentralized applications or dApps). The on-chain governance system enables token holders to make decisions together and improve the network over time, as opposed to the less-inclusive off-chain governance models used by Bitcoin and Ethereum.

How do loans backed by XTZ works

The provision of crypto-loans displays a streamlined approach for borrowers and investors. Borrowers can secure loans in USDT by pledging their crypto assets as collateral, while simultaneously retaining ownership of these digital assets. This eradicates the requirement for traditional credit assessments and paperwork, making the procedure more expedient and cost-effective.

Investors have the option to lodge their cryptocurrency, like Tezos (XTZ), in a specialized account on the Cropty platform. Supervision of the nexus between borrowers and lenders is carried out by a custodian who safeguards the process. They serve as a reliable go-between, ensuring the protection of both entities' interests.

Borrowers can reap advantages by accessing funds without needing to sell off their crypto assets. This can be particularly beneficial during market volatilities as possible losses can be evaded. The lending framework also simplifies the loan-taking process and eliminates the demand for credit assessments.

Investors internationally earn profits on their deposited funds through loan repayments, providing a way to earn from their cryptocurrency assets. It creates a mutually beneficial scenario where borrowers can secure loans, and lenders reap rewards from their participation.

Cropty's platform manages the interaction between borrowers and lenders, and through the use of blockchain technology, ensures secure transactions, devoid of intermediaries. This minimizes fraud risks and reinforces a secure lending atmosphere.

Tezos 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 Tezos? Borrow usd against Tezos on Cropty

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

To authorize an Tezos 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 XTZ Crypto Loans

Tezos lending

Lending via Tezos is becoming increasingly prominent as a means for cryptocurrency investors to unlock funding. In the scheme of Tezos loans, one can leverage their Tezos assets to gain immediate liquidity without having to liquidate their holdings. These loans, supported by the value of the lender’s Tezos, impart a robust lending framework. Borrowers can conveniently secure an XTZ loan to utilize for diverse objectives such as investment, bill payment, or even business initiation. This pioneering approach to XTZ lending has paved the way for people to harness the potential of their Tezos assets and avail essential capital.

XTZ as a collateral

Tezos (XTZ), has grown in popularity for cryptocurrency-backed loans. On Tezos loan platforms, users can leverage their XTZ assets for loans or earn interest by lending it out. They can access funds quickly, without liquidating their holdings, and even borrow in USD, providing needed liquidity. So, what's the process? Basically, users securitize their XTZ, which determines the loan they receive. These payday crypto loans offer a suitably fast route to funds, allowing users to secure financial transactions while retaining their XTZ investments.

Interest rates for Tezos-secured loans.

Cropty recognizes the significance of offering competitive loan rates. Hence, we extend credit utilizing cryptocurrency at an appealing fixed-rate of 9%. Our affordable interest loans serve as a practical resolution for accessing funds either for personal or business endeavours without having to pawn off your treasured cryptocurrencies.

A standout factor in Cropty's crypto borrowings is the collateral procedure. In an event where a debtor fails the obligation, the security XTZ remains with Cropty, and the debtor maintains the Tether USDT given to them. This delivers an equitable method for loan reclamation, advantaging both participants in the transaction.

To circumvent the peril of Tezos devaluation, Cropty practices an automated liquidation mechanism. When the worth of the collateral descends below a crucial level, the loan will be liquidated. This anticipatory measure guards both the loan grantor and recipient against potential deficits during an unfavorable market shift.

Cropty is committed to upholding transparency and user-friendliness. Using our intuitive interface, our users can easily stay strong track of their loan details. Additionally, debtors enjoy the liberty to bolster more security, pay off the loan in advance, or settle the loan by remitting the total borrowed sum along with amassed interest.

For those pondering about procuring a loan via cryptocurrency, Cropty extends an immediate coin loan service. You have the liberty to borrow against Tezos and obtain Tether USDT. Our crypto-guaranteed loans present an efficient and handy option for addressing your monetary requirements.

Borrow crypto

Why choose Tezos 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 Tezos Crypto Loan?

Cropty Tezos 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 Tezos 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 Tezos 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 Tezos 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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