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What is Illuvium coin?

  • Illuvium (ILV) is the native token of the Illuvium ecosystem, a decentralized blockchain-based game built on Ethereum. ILV is used for governance, staking rewards, and in-game transactions within the Illuvium metaverse. The project aims to combine DeFi mechanics with immersive gaming, allowing players to earn and trade assets in a decentralized way.

What is an Illuvium loan?

  • An Illuvium loan allows you to borrow funds using Illuvium (ILV) tokens as collateral. You can access liquidity without having to sell your Illuvium tokens, while still retaining ownership of them.

Why choose an Illuvium loan?

  • Protect your assets from market volatility. Borrow funds using Illuvium as collateral, and avoid the risk of selling your tokens during price fluctuations.
  • Keep your Illuvium tokens. Access liquidity without losing ownership of your Illuvium tokens, allowing them to potentially grow in value while you use the loan.
  • Manage tax efficiently. Use an Illuvium loan to avoid taxable events that come with selling your tokens, helping you manage your tax obligations.
  • Hedge against risks. Use the loan to protect your investments, diversify your portfolio, or take advantage of market opportunities without selling your Illuvium.

Illuvium loan advantages on CoinRabbit

  • No verification required. Get quick access to funds without the hassle of lengthy verification processes.
  • Flexible terms. Choose the loan duration that suits your needs, with no time limits.
  • Customizable repayment plans. Tailor your repayment schedule to match your financial situation.
  • Stablecoin options. Borrow funds in stablecoins that suit your preferences.
  • Transparent repayments. Clear loan terms so you always know when and how to repay.

Learn more about Illuvium Loans

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FAQ

How does Illuvium coin lending work?IconPlus
Illuvium coin lending allows you to use ILV as collateral to receive stablecoins. After selecting the amount of Illuvium you'd like to pledge, you'll receive the agreed loan amount with clear and transparent terms provided by the loan calculator.
How does Illuvium lending work on CoinRabbit?IconPlus
Use the CoinRabbit Illuvium loan calculator to choose how much ILV you'd like to use as collateral. The calculator will show the amount you'll receive in stablecoins like USDT or USDC, along with all the loan details.
What if the collateral's rate changes after I take an Illuvium loan?IconPlus
The loan is based on the exchange rate at the time of borrowing. Repayment will be based on the original loan amount plus agreed interest, regardless of any fluctuations in the price of Illuvium.
How to take out an Illuvium coin loan?IconPlus
To take out an Illuvium coin loan, simply use the loan calculator on CoinRabbit. Enter the amount of Illuvium you'd like to use as collateral, select your preferred stablecoin, and follow the steps to confirm your loan.
How fast can I get an Illuvium loan? How soon will my collateral be refunded?IconPlus
Loans on CoinRabbit are processed quickly, usually within minutes. Collateral is returned immediately after repayment. You can repay your loan whenever it suits you — whether in a month, a year, or longer. Enjoy your funds for as long as you need them.
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