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 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.
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.
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 crypto.
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:
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.
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 KYC, 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 and
no KYC, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your THORChain
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.
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.