Get Instant Pitbull (PIT) Loan
Borrow Against Pitbull
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
Loan Term
The loan term depends only on your wish to buy your collateral back and close this loan or on reaching the liquidation limit
Monthly Interest Rate
APR (Annual Percentage Rate) will be
Monthly Interest
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
How to lend Pitbull
We make it simple to get and manage your Pitbull Loan.
Set up your loan using Pitbull as a collateral, then confirm it with your phone number/email and provide the address where you’d like to receive the funds.
Send us the collateral, and we’ll transfer the loan amount to your payout address with no delays or additional checks.
Use your loan for as long as you need. We’ll keep you informed about the rate of your collateral currency over time.
You can repay your collateral anytime. Just pay the full repayment amount, and once we receive it, we’ll return your collateral.
Pitbull Community trusts us
What is a Pitbull coin?
- Pitbull is a auto-staking token that had its ownership renounced and burnt LP given to the community from the beginning of its creation.
What is a PIT Loan?
- A PIT loan is the loan borrowed against PIT cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Pitbull to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit PIT lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.
Learn more about Pitbull Loans
FAQ
Pitbull (PIT) has a fairly well-developed ecosystem by the standards of a meme coin. Thus far, it has developed several use cases, with more coming in its detailed roadmap: The PitFarm will allow users to stake liquidity tokens for points, which can then be redeemed for Pitbull NFTs. NFTs will be tradeable on the marketplace, with funds going towards marketing (15%), shelter donations (15%), the PIT liquidity pool (60%) and the minting and designing process (10%). PitSwap is an automated market maker (AMM) that simplifies the trading experience for PIT investors and is set to become a full-on ecosystem that supports staking, farming, and other decentralized finance (DeFi) features. PitTracker, which is used to keep track of their PIT token holdings and auto-staking profits. And that’s just the tip of the iceberg. There’s many more use cases of $PIT.
- Profit from volatility – CoinRabbit loans remain fixed no matter the exchange rate of the collateral currency.
- Make a huge purchase and continue holding – The crypto loan allows you to enjoy the value of the invested fiat money while inflation permanently decreases it. Today the same amount values more than tomorrow. Therefore, when you take out a crypto loan against PIT, you keep all your PIT assets but gain extra funds to spend today, as we all know that tomorrow your wishes will be more expensive 😉
- Tax optimization – Some countries require you to pay up to 40% on your crypto investment profits. There is no direct profit in a loan transaction. So you can take a loan and maximize your tax efficiency without worrying about taxes.
- Technique for managing risks – Rather than holding PIT tokens and risking the unpredictable fluctuations of the crypto markets, crypto investors now have the opportunity to utilise their investments as collateral for a PIT loan.
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