COLLATERAL NEEDED:
Your collateral amount is the amount of crypto you are posting in exchange for your loan. This reflects current market value.
LOAN TO VALUE (LTV):
Loan to Value is the ratio of USD that we will lend against the collateral value. Collateral value is based on the 24 hour lowest traded price.
MONRHLY PAYMENT:
Principal repayment due at the end of loan term or can be refinanced.
INITIAL LOAN DURATION:
Loan duration used to calculate total interest.Prepayments can be made at anytime without fees or penalties.
MARGIN CALL PRICE:
If price of collateral falls to this amount, then additional collateral will be required to avoid the risk of partial collateral sale.
COLLATERAL AMOUNT(you send):
Collateral amount includes a 2% loan origination fee,totaling $400 USD