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 Pitbull 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.
Send us the collateral and we will send you the loan amount on any crypto wallet 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.
Pitbull is a auto-staking token that had its ownership renounced and burnt LP given to the community from the beginning of its creation.
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 crypto.
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.
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.