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What is an Injective coin?

  • $INJ, also known as Injective, is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more.

What is an INJ Loan?

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

Learn more about Injective Loans

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FAQ

What is Injective used for?IconPlus

Injective ($INJ) crypto is used for various purposes in the decentralized finance (DeFi) ecosystem. Firstly, it serves as a utility token on the Injective Protocol, a decentralized exchange platform that allows for the trading of various assets, including cryptocurrencies, stocks, and commodities. $INJ holders can use the token to pay for transaction fees and access advanced features on the platform. Additionally, $INJ is used for staking, allowing users to participate in the governance of the Injective ecosystem and earn rewards for securing the network. Furthermore, $INJ can be utilized for fundraising through Initial DEX Offerings (IDOs), enabling projects to raise capital in a decentralized and secure manner.

Why should you consider an INJ loan?IconPlus

  • High Potential for Returns: $INJ crypto loan offers the chance to capitalize on its increasing value for significant returns.
  • Flexible Terms: Customize loan amounts, repayment periods, and interest rates to suit your needs.
  • Competitive Rates: Enjoy lower interest rates compared to traditional lenders.
  • Quick and Convenient: Minimal documentation and fast approval process for easy access to funds.
  • Diverse Applications: Use $INJ crypto loan for various purposes without selling your assets.

How does Injective loan work?IconPlus

Injective lending is a service that issues loans with INJ cryptocurrency collateral for a yearly interest. The interest can vary from 10% up to 18% and more. There is 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 INJ loan.

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

Usually, getting an instant INJ loan takes no longer than 10 minutes. Since there are no credit checks, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your INJ 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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