Crypto.com is pleased to announce that users can now deposit ADA, ALGO, ATOM, VET, LINK, and WBTC as collateral on Crypto Credit, and instantly get loans with a loan-to-value ratio (LTV) of 50%.
Crypto Credit allows users to monetize their crypto assets without needing to sell them. No credit checks or payment deadlines required.
Supported Collaterals: CRO, BTC, ETH, LTC, XLM, EOS, ADA, ALGO, ATOM, VET, LINK and WBTC
Supported Loan Currency: USDC / USDT / TUSD / PAX
Loan-to-value (LTV) ratio : 50%
CRO Token Utility: PUsers who stake CRO can enjoy a lower annual interest rate (APR)
Interest starts from the day the loan starts and will continue as long as the loan is still valid. The LTV ratio can be adjusted by Crypto.com.
For more details about Crypto Credit, click here.