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
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 Reef 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.
Reef is a layer 1 blockchain built using Parity’s Substrate technology. Launched in 2019 by Denko Mancheski, it’s undergone a significant transformation from a DeFi platform to a fully-functioning blockchain.The main purpose of the Reef token is to provide liquidity transfers between different blockchains, and this can be done on their platform. Moreover, holders can participate in the governance structure of the network and vote on issues such as features and partnerships.
A REEF loan is the loan borrowed against REEF cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Reef to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit REEF lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.
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Reef (REEF) is the native cryptocurrency of Reef Chain and functions both as a governance token and a utility token. As a governance token, it allows holders to stake their coins to become validators. As a utility token, it can be used to pay fees for transactions, data storage and other activities.
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.