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.
The loan term depends only on your wish to buy your collateral back and close this loan or on reaching the liquidation limit.
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
We make it easy to get and manage your crypto loan.
Set up your loan using Polygon as a collateral option, then confirm it with your phone number as the main contact channel and your payout stablecoin address where you’d like to receive your funds.
Send us the collateral and we will send you the loan amount onyour payout address without any delays and additional checks.
Use your loan as long as you want. We will just draw your attention on the rate of your collateral currency in time.
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.
Polygon (MATIC) is a layer-2 solution created to improve upon the functionality of the layer-1 blockchain known as Ethereum (ETH). Its main goal is to speed up the network and make the transaction fees lower. Moreover it has numerous new features and any developer can build on top of the Polygon (MATIC) platform due to the accessibility of the Polygon Software Development Kit (SDK).
A MATIC loan is the loan borrowed against MATIC cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Polygon to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit MATIC lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.
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To the maximum extent permitted by applicable law, in no event shall the Company or its suppliers be liable for any special, incidental, indirect, or consequential damages whatsoever (including, but not limited to, damages for loss of profits, loss of data or other information), even if the Company or any supplier has been advised of the possibility of such damages and even if the remedy fails of its essential purpose.