The average period of giving loans and releasing collaterals is 5-10 minutes, depending on how fast we receive your deposit

The current state of the network and the network fee size can influence the period of us receiving collaterals. Make sure to set an appropriate network fee so that the transaction is confirmed as fast as possible.

The annual percentage rate depends on the selected loan currencies and ranges from 12% to 16%. The interest is calculated monthly from the time the loan was taken and is included in the repayment amount.

The collateral’s currency rate doesn’t affect the amount of the loan buyback at the time of closing. You will receive the exact amount of collateral for the exact amount you loaned (+ accumulated APR)

We carefully keep it under control for the whole period of time. Although, if the rate of the collateral currency reaches the liquidation level, the collateral will be automatically liquidated and the loan will be closed. It is impossible to return the collateral after liquidation – that’s why we will notify you multiple times when the current rate approaches the margin call.

After your collateral deposit transaction is successfully confirmed, we process your funds through our partner ChangeNOW’s risk management system. After the check, we initiate the loan payout transaction to the wallet you’ve entered when creating the loan. After your funds have reached you, your loan becomes active for as long as you’d like. All the APR you’ll accumulate is to be paid at the moment of collateral release.

At the moment, we support more than 50 assets for collateral deposits including: BTC (Bitcoin), ETH (Ethereum), BCH (Bitcoin Cash), Nano (XNO), DOGE, DGB (Digibyte), XMR (Monero), FIRO, XPR (Ripple) and ETH based tokens such as ENJ, LINK, MKR etc. As for loan currencies, we offer Tether USDT (on different network), BUSD, and USDC. Moreover, we constantly expand our list of available assets.

All the funds are stored in special wallets, and private keys are put in a secure storage that can be accessed only by several IP addresses and through a VPN connection. Private keys for all the wallets are renewed every month. The risk control system checks all wallets’ balances every second.

You can get you collateral back anytime. In order to do that, you have to make your loan’s repayment. It consists of the amount loaned and the accumulated APR counted monthly during your loan’s period.