Loan

Cosmos

Loan

Cosmos loans.
Borrow against ATOM.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

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What is Cosmos?

Cosmos is a network of sovereign blockchains that communicate via IBC, an interoperability protocol modeled after TCP/IP, for secure data and value transfer. The Cosmos Hub, also known as "Gaia," is a proof of stake chain with a native token, ATOM, that serves as a hub for IBC packet routing among blockchains within the Cosmos network. The Cosmos Hub, like the majority of blockchains in the Cosmos network, is secured by the Byzantine Fault-Tolerant (BFT) Proof-of-Stake consensus algorithm, Tendermint.

How do loans backed by ATOM works

Cryptocurrency-backed lending offers a convenient alternative for both borrowers and lenders alike. Borrowers leverage their digital currencies as collateral to obtain USDT loans, retaining ownership of their digital assets. This circumvents traditional prerequisites such as credit reviews and paperwork, thus expediting and economical than conventional lending procedures.

Lenders deposit cryptocurrencies, such as Cosmos (ATOM), into an exclusive account within the Beast ecosystem. An account custodian manages all interactions between the borrower and lender, providing a smooth, secure transaction process. They operate as a reliable intermediary, making sure both parties' interests stay safeguarded.

Thanks to this mechanism, borrowers can tap into cash flow without the need to liquidate their cryptocurrency assets. This becomes crucially beneficial in times of market volatility, as potential losses can be circumvented. The lending model further simplifies the loan undertakings and rules out traditional credit assessments.

Lenders, on the other hand, earn passive income through interest obtained from loan repayments, gaining profits from their idle digital assets. Thus, it provides a mutually beneficial setup where borrowers gain access to required financing, while lenders enjoy residual earnings.

Beast platform's regulation of engagement between the two parties coupled with blockchain technology's advantages ensure transactional security independent of intermediaries. This substantially diminishes the potential of fraudulent activities, making it a safe space for lending operations.

Cosmos Loan Calculator

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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 Cosmos? Borrow usd against Cosmos on Beast

The process of getting an Cosmos cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers Cosmos cryptocurrency lending services. Then, you need to provide your ATOM 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 Cosmos 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 Cosmos? Borrow usd against Cosmos on Beast

To authorize an Cosmos 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 ATOM Crypto Loans

Cosmos lending

With a surge in popularity, Cosmos borrowing provides an attractive platform for cryptocurrency enthusiasts to gain financing. Thanks to Cosmos-powered loans, they can leverage against their Cosmos holdings, offering immediate access to capital while preserving their assets intact. These ATOM borrowing transactions offer security as they are anchored on the worth of the borrower's Cosmos. Anyone can expediently secure an ATOM loan for a multitude of uses, from investment opportunities to navigating daily expenses or kick-starting a business venture. This progressive method of ATOM funding paves way for individuals to utilize their Cosmos investments to acquire essential capital.

ATOM as a collateral

Rendered as a favored option for decentralized finance (DeFi) loans, Cosmos (ATOM) underpins numerous lending platforms wherein individuals can either lend out or procure Cosmos to earn returns. These DeFi credit systems enable individuals to secure loans against their ATOM holdings, providing immediate access to capital without parting with their assets. Clients are accorded the upcoming flex of borrowing in USD against their ATOM, enhancing their liquidity. Wondering how Cosmos loans operate? Essentially, individuals lodge their ATOM as surety, following which a loan amount congruent with its value is granted. Such immediate crypto payday loans offer a streamlined avenue for individuals aiming for swift access to capital yet intent on maintaining their Cosmos investments.

Interest rates for loans secured by Cosmos

At Beast, we acknowledge the need for aggressive lending offers. Hence, we provide loans secured by cryptocurrency at an unbeaten interest rate of 9%. If you require capital for private or commercial objectives, our low-interest loans represent an affordable strategy to gain liquidity without offloading your precious cryptocurrencies.

A ground-breaking aspect of Beast's crypto loans lies in the collateralization procedure. If a loanee fails to pay back the debt, the collateral ATOM stays with Beast, meanwhile, the borrower retains the Tether USDT allocated to them. This safeguards a justifiable and equitable loan reimbursement process, serving both parties involved.

To counterbalance the risk of Cosmos devaluation, Beast implements an automatic sale mechanism. If the collateral's value degenerates below a crucial limit, the loan will endure liquidation. This preventative practice secure both the lender and borrower from possible declines during a market fall.

Beast prioritizes openness and ease of use. Our customers can conveniently tote up on their loan status via our intuitive dashboard. Besides, borrowers maintain the capacity to increase collateral amount, settle the loan prior to its due, or resolve the loan by reimbursing the borrowed sum, and the corresponding interest.

Curious on how to obtain a loan using cryptocurrency? Beast presents immediate coin loans. Borrow against Cosmos and obtain Tether USDT. Our loans supported by crypto assets offer a rapid and effortless resolution for your monetary requirements.

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Why choose Cosmos 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 Cosmos Crypto Loan?

Beast Cosmos 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 Cosmos 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 Cosmos 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 Cosmos 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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