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What is a Sushi Loan?

  • A Sushi Token loan is the loan borrowed against Sushi cryptocurrency as collateral. Here’s how it works: you bring some Sushi crypto to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit Sushi lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.

How does Sushi Token lending work?

  • Sushi lending is a service that issues loans with Sushi Token collateral for a yearly interest. The interest can vary from 10% up to 18% 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 Sushi Token loan.

Learn more about Sushi Token Loans

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FAQ

Why should you consider Sushi Token loans?IconPlus
Sushi Token utility potential relies on the following points:

- It tides to SushiSwap exchange, which currently stands in 11th position for Total Value Locked (TVL) in DeFi, with $1.51 billion in assets on its platform;

- SushiSwap is the 142nd-largest cryptocurrency by market capitalization;
How many different active Sushi Token loans can I have at the same time?IconPlus
There is no limit on the number of active loans taken simultaneously. You can have as many different active Sushi Token loans as you wish.
How to loan Sushi Token?IconPlus
Loaning against a Sushi Token at CoinRabbit requires only a few minutes of your time. First of all, navigate to the CoinRabbit website. Choose the amount of Sushi coins you would like to use as collateral and loan currency (USDT/USDC/BUSD) in the calculator section. Confirm your stablecoin wallet address and a phone number. Finally, send your Sushi collateral amount to receive the chosen stablecoin loan. Wait for a few minutes for everything to be processed. Then receive your loan in 15 minutes.
How quickly can I get a crypto loan? How quickly will you refund me the collateral?IconPlus
Usually, getting an instant Sushi Token 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 Sushi Token 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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