Borrow Against THORChain
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Currencies
THORChain Loan Calculator
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
How to Lend THORChain
We make it easy to get and manage your crypto loan.
Set up your loan using THORChain 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.
THORChain Community trusts us
What is a THORChain coin?
RUNE is a cryptocurrency that operates on the THORChain platform, which is designed to enable cross-chain token swaps on various blockchain networks such as Ethereum, Binance Smart Chain, and Bitcoin. Rune serves as the native currency of the THORChain ecosystem and facilitates liquidity provision, governance, and network security.
What is a RUNE Loan?
A RUNE loan is the loan borrowed against RUNE cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency THORChain to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit RUNE lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.
Learn more about THORChain loans
Learn more about crypto. Read blog
What you should know
The THORChain (RUNE) token serves as the native currency and utility token of the THORChain ecosystem. It has a variety of important use cases within the network:
- Liquidity Provision: Rune is used by liquidity providers who contribute funds to the THORChain liquidity pools. These pools enable users to swap tokens across different blockchains seamlessly. Liquidity providers earn fees from transactions that occur within these pools.
- Governance: Rune holders can participate in the governance of the THORChain network by staking their tokens. This allows them to vote on proposals related to network upgrades, parameter adjustments, and other important decisions that shape the future of the protocol. The more tokens a user stakes, the greater their voting power.
- Security: Rune tokens play a role in ensuring the security of the THORChain network. Validators, who validate and secure transactions on the network, are required to bond a certain amount of Rune as collateral. If a validator behaves maliciously, their bonded Rune can be slashed, incentivizing good behavior and network security.
- Incentives: THORChain provides incentives for users to interact with the network through various mechanisms. For example, users who provide liquidity to the pools may earn additional rewards in the form of Rune tokens. These incentives aim to encourage participation and engagement with the THORChain ecosystem.
It's important to note that RUNE tokens are not limited to these use cases only. As the THORChain ecosystem evolves, new functionalities and utilities for the token may emerge.
- 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 RUNE, you keep all your RUNE 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 RUNE tokens and risking the unpredictable fluctuations of the crypto markets, crypto investors now have the opportunity to utilize their investments as collateral for a RUNE loan. They can access funds while their assets remain secure, allowing them to manage their risks. In this way, they can benefit from the lower interest rates of crypto loans while protecting themselves from potential losses from market volatility at the same time.
THORChain lending is a service that issues loans with RUNE cryptocurrency collateral for a yearly interest. The interest can vary from 10% up to 14% 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 THORChain loan.
Usually, getting an instant RUNE 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 THORChain
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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VC0100
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.