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Get Instant Flare (FLR) Loan

Borrow against FLR for an unlimited term with no need to sell your crypto

Safe

Top-tier security,Cold wallet storage

Easy

No KYC &credit check

Start

from $100

0+

Currencies

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Borrow Against Flare

LTV
ltv-notice

The loan-to-value ratio is the related difference between the loan amount and the current market value of the collateral. The higher the LTV, the more loan funds you will receive, but at the same time the margin call will be higher.

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Loan Term

Borrow Bitcoin and other cryptocurrencies

The loan term depends only on your wish to buy your collateral back and close this loan or on reaching the liquidation limit.

Unlimited

Monthly Interest

how to borrow cryptocurrency

Interest rate is accrued every month from the moment of getting the loan and is paid at the moment of full or partial repayment of the loan

16%% APR

How to Lend Flare

We make it easy to get and manage your crypto loan.

1
Calculate your crypto loan

Set up your loan using Flare cryptocurrency as a collateral option, then confirm it with your email address and your payout stablecoin address where you’d like to receive your funds.

2
Get crypto loan within minutes

Send us the collateral and we will send you the loan amount on any crypto wallet without any delays and additional checks.

3
Start spending

Use your loan as long as you want. We will just draw your attention on the rate of your collateral currency in time.

4
Get back your Flare

At any moment you can pay your collateral back. To do this, you need to pay the full price of Repayment, and when we get it, we return your collateral.

What is a Flare coin?

Flare ($FLR) crypto is a token associated with Flare Network, a blockchain platform designed to bring smart contract capabilities to networks that do not natively support them, such as the XRP Ledger. As the native token of the network, $FLR serves multiple purposes within the ecosystem. It acts as a means of value transfer and settlement for transactions conducted on the Flare Network. Additionally, $FLR is used for network governance, giving token holders the ability to participate in decision-making processes and influence the evolution of the platform. Moreover, $FLR holders can stake their tokens and earn rewards, contributing to the security and consensus mechanisms of the Flare Network. Overall, $FLR crypto plays a vital role in enabling advanced smart contract functionality and powering the decentralized ecosystem of Flare Network.

What is a FLR Loan?

A FLR loan is the loan borrowed against FLR cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Flare to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit FLR lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.

Learn more about Flare loans

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What you should know

What is Flare used for?IconPlus

$FLR crypto serves various purposes within the Flare Network ecosystem. Firstly, it functions as a medium of exchange, allowing users to conduct transactions and transfer value within the network. This enables seamless and efficient peer-to-peer transactions on the Flare Network. Additionally, $FLR is used for network governance, giving token holders the power to participate in decision-making processes and vote on important protocol upgrades and changes. As a utility token, $FLR is also utilized for paying transaction fees and accessing various network services and features. Moreover, $FLR holders can stake their tokens to participate in the consensus mechanism and earn rewards, thereby contributing to the security and decentralization of the Flare Network. In summary, $FLR crypto has utility as a medium of exchange, governance rights, transaction fee payment, and staking rewards within the Flare Network ecosystem.

Why should you consider a FLR loan?IconPlus

  • Smart Contract Functionality: One of the main benefits of $FLR crypto is its ability to enable smart contract functionality on networks that don't natively support it. Flare Network brings advanced smart contract capabilities to platforms like the XRP Ledger, allowing developers to build decentralized applications and unlock new possibilities.
  • Network Governance: $FLR holders have the opportunity to participate in network governance, giving them a say in decision-making processes and the future direction of the Flare Network. This democratic approach promotes community involvement and ensures a decentralized and transparent ecosystem.
  • Transactional Efficiency: $FLR crypto serves as a medium of exchange within the Flare Network, enabling fast and efficient transactions. Users can transfer value, conduct payments, and engage in commerce securely and conveniently using $FLR tokens.
  • Utility Token: Beyond facilitating transactions, $FLR has utility within the ecosystem. It is used for paying transaction fees, accessing network services, and unlocking various features offered by the Flare Network. This enhances the overall usability and functionality of the platform.
  • Staking Rewards: $FLR holders can stake their tokens in the Flare Network and participate in consensus mechanisms. By doing so, they contribute to the security and decentralization of the network, and in return, they are rewarded with staking rewards. This incentivizes long-term commitment and investment in $FLR crypto.

How does Flare loan work?IconPlus

Flare lending is a service that issues loans with Flare cryptocurrency collateral for a yearly interest. The interest can vary from 10% up to 18% and more. There is no KYC, no credit history and no credit checks — the only way you prove your credibility is the collateral you’re ready to provide. It will be temporarily stored in a lending service making sure you will repay your Flare loan.

How quickly can I get a crypto loan? How quickly will you refund me the collateral?IconPlus

Usually, getting an instant FLR loan takes no longer than 10 minutes. Since there are no credit checks and no KYC, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your Flare transaction. The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.

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