Loan

Flow

Loan

Flow loans.
Borrow against FLOW.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

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What is Flow?

Flow is a blockchain created by Dapper Labs that aims to make it easy for developers to build decentralized applications and businesses. Flow uses a multi-role architecture design to scale the network instead of sharding. One of the fundamental reasons Dapper Labs opted to shift away from Ethereum and build its own general-purpose blockchain was to avoid the complexity of sharding. Flow asserts that its scaling-without-sharding strategy will improve network speed and throughput while preserving composability standards and a developer-friendly, ACID-compliant environment.

How do loans backed by FLOW works

Crypto loans provide an easy option for both borrowers and lenders. Those seeking funds can obtain USDT loans by using their crypto as collateral, all while retaining ownership of their digital assets. This process bypasses the usual credit checks and extensive paperwork, speeding up the entire experience and making it more budget-friendly.

Lenders can place their cryptocurrencies, such as Flow (FLOW), into a special account on the Beast platform. A custodian manages the relationship between borrowers and lenders, ensuring a safe transaction. They serve as a reliable middleman, safeguarding the interests of both parties.

Borrowers reap the rewards by access to cash without needing to liquidate their cryptocurrencies. This is particularly advantageous during volatile market conditions, as it helps them prevent possible losses. The lending framework also streamlines the loan process, eliminating the need for traditional credit assessments.

Lenders generate income through the interest on their funds as loans are repaid. This offers them a chance to profit from their crypto holdings. It creates a mutually beneficial scenario where borrowers secure loans and lenders gain advantages from their involvement.

The Beast platform governs the exchanges between borrowers and lenders, and blockchain technology guarantees secure transactions free from middlemen. This minimizes fraud risks and fosters a trustworthy lending atmosphere.

Flow Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

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Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Beast platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on Flow? Borrow usd against Flow on Beast

The process of getting an Flow cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers Flow cryptocurrency lending services. Then, you need to provide your FLOW as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that Flow cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on Flow? Borrow usd against Flow on Beast

To authorize an Flow Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Learn more about FLOW Crypto Loans

Flow lending

Flow lending is gaining traction among cryptocurrency owners seeking financial resources. Through Flow loans, users can leverage their Flow assets to gain immediate liquidity without selling them. These FLOW loans are secured by the value of the borrower's Flow, creating a safe borrowing landscape. Now, borrowers can effortlessly secure a FLOW loan and utilize the funds for multiple needs, such as investing, settling bills, or launching a new venture. This groundbreaking approach to FLOW lending has unlocked fresh possibilities for individuals to make the most of their Flow holdings and obtain important funding.

FLOW as a collateral

Flow, commonly referred to as FLOW, has emerged as a sought-after option for crypto-collateralized loans. Through Flow lending platforms, users have the opportunity to either borrow FLOW or lend it to generate interest. These loans enable users to leverage their Flow assets, allowing them immediate access to cash without the need to liquidate their investments. Borrowers can even secure a loan in USD against their FLOW, enhancing their flexibility and availability of funds. But how do Flow loans function? In essence, users deposit their FLOW as collateral, and based on its market value, they can obtain a loan. These swift crypto loans offer a practical way for individuals to quickly access cash while holding onto their Flow assets.

Interest rates for loans secured by Flow.

At Beast, we recognize how crucial competitive interest rates are. That's why we provide loans backed by cryptocurrency with an appealing rate of just 9%. Whether you require funds for personal uses or business ventures, our low-interest loans serve as a smart option for accessing cash without parting with your precious cryptocurrencies.

A standout aspect of Beast's crypto loans is the collateralization method. If a borrower defaults, the collateral in FLOW stays with Beast, while the borrower retains the Tether USDT allocated to them. This creates a balanced and equitable approach to loan recovery, offering advantages to both the lender and the borrower.

To mitigate the risk of Flow losing value, Beast has implemented an automatic liquidation system. Should the collateral's value drop below a specific limit, the loan will be liquidated. This precaution helps safeguard both parties from possible losses during any market decline.

Transparency and convenience are important to Beast. Users can effortlessly track their loan status through an intuitive interface. Furthermore, borrowers enjoy the option to add extra collateral, settle loans early, or close their loans by paying back the borrowed sum plus any accrued interest.

If you’re curious about securing a loan with cryptocurrency, Beast offers instant coin loans. You can borrow against Flow and receive Tether USDT. Our crypto-backed loans deliver a quick and hassle-free answer to your monetary needs.

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Why choose Flow Beast Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Beast Flow Crypto Loan?

Beast Flow Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Beast, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Beast Flow Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Beast Flow Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Beast will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Beast provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Beast Crypto Loan?

Beast Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Beast Flow Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Beast as security for the repayment of your loan.

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