Loan

Catizen

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Catizen loans.
Borrow against CATI.

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How do loans backed by CATI works

Crypto loans provide a straightforward option for both borrowers and lenders. Borrowers can secure loans in USDT by leveraging their cryptocurrencies as collateral, all while retaining ownership of their digital assets. This method removes the necessity for credit assessments and extensive paperwork, speeding up the entire process and lowering costs.

Lenders can allocate their cryptocurrencies, such as Catizen (CATI), into a specialized account on the Beast platform. A custodian manages the relationship between borrowers and lenders, ensuring a safe and secure environment. They serve as a reliable intermediary, safeguarding the interests of both parties involved.

Borrowers gain the advantage of accessing funds without needing to liquidate their cryptocurrencies, which is vital during market volatility, allowing them to steer clear of possible losses. The lending structure further streamlines the borrowing process, eliminating the hassle of credit checks.

Lenders generate interest on their deposited assets through repayments on loans, creating an opportunity to profit from their cryptocurrency holdings. It’s a beneficial arrangement where borrowers receive loans, and lenders reap the rewards of their participation.

The Beast platform facilitates interactions between borrowers and lenders while leveraging blockchain technology to ensure safe transactions with no intermediaries. This minimizes the risk of fraudulent activities and establishes a reliable lending atmosphere.

Catizen 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 Catizen? Borrow usd against Catizen on Beast

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

To authorize an Catizen 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.

Catizen lending

Catizen lending is becoming a favored method for cryptocurrency owners to obtain cash. With Catizen loans, individuals can secure funds using their Catizen assets as collateral, offering immediate liquidity without needing to liquidate their investments. These CATI loans are supported by the worth of the borrower's Catizen, creating a safe lending atmosphere. Now, borrowers can seamlessly secure a CATI loan and utilize the capital for various needs, such as investing, covering expenses, or even launching a business. This cutting-edge approach to CATI lending presents fresh opportunities for users to harness their Catizen assets and gain essential funding.

CATI as a collateral

Catizen, known as CATI, has gained popularity for crypto-collateralized loans. Through Catizen lending services, users can either take out loans in Catizen or lend their CATI to earn interest. This system allows users to obtain funds based on their Catizen assets without having to liquidate them. Moreover, borrowers have the option to receive funds in USD against their CATI, adding a layer of flexibility and ease. So, how do loans work with Catizen? Users simply secure their CATI as collateral, and depending on its worth, they can access a loan. These quick crypto loans are an excellent option for those needing immediate funds while keeping their Catizen investments safe.

Loans backed by Catizen with competitive interest rates.

At Beast, we recognize how crucial it is to have competitive interest rates. That’s the reason we provide crypto-based loans with a highly enticing rate of 9%. Whether you're seeking funds for personal or business purposes, our low-interest loans are an affordable way to access cash without the need to sell your valued cryptocurrencies.

One standout aspect of Beast's crypto loans is the collateralization process. If a borrower fails to repay the loan, the collateral CATI remains with Beast, while the borrower retains the Tether USDT they received. This approach ensures fairness and balance in loan recovery, benefiting both sides involved.

To combat the risk of Catizen's value decline, Beast has an automatic liquidation system. If the collateral’s value drops beneath a set level, the loan will be liquidated. This proactive strategy safeguards both the lender and the borrower from possible losses in the event of a market decline.

At Beast, we prioritize transparency and simplicity. Our users can effortlessly track the status of their loans through our intuitive interface. Borrowers can also add more collateral, repay their loans early, or settle their loans by paying back the borrowed sum along with any interest accrued.

If you're curious about securing a loan with cryptocurrency, Beast offers instant coin loans. You can borrow against Catizen and receive Tether USDT. Our crypto-secured loans deliver a fast and convenient solution for your financial needs.

Borrow crypto

Why choose Catizen 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 Catizen Crypto Loan?

Beast Catizen 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 Catizen 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 Catizen 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 Catizen 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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