Loan

Chiliz

Loan

Chiliz loans.
Borrow against CHZ.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

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What is Chiliz?

Chiliz (CHZ) is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. Fans can purchase & trade branded Fan Tokens as well as having the ability to participate, influence, and vote in club-focused surveys & polls. Chiliz aims to foster a blockchain ecosystem built for sports and entertainment.

How do loans backed by CHZ works

Crypto loans provide a straightforward way for both borrowers and lenders. Borrowers can secure loans in USDT while using their crypto as collateral—allowing them to retain ownership of their digital assets. This approach streamlines the borrowing experience by removing the need for credit assessments and extensive paperwork, resulting in a quicker and less costly process.

Lenders can invest their cryptocurrency, such as Chiliz (CHZ), into a specialized account on the Beast platform. A custodian manages the relationship between borrowers and lenders, assuring a safe transaction process. They serve as a reliable intermediary, safeguarding the interests of both sides.

For borrowers, this means accessing funds without needing to liquidate their cryptocurrencies, which is particularly beneficial when market conditions are unstable, as it helps mitigate possible losses. The lending framework simplifies obtaining loans and eliminates credit checks.

On the other hand, lenders earn interest from the repayments on their loans, allowing them to generate returns from their crypto holdings. It’s a mutually beneficial scenario where borrowers obtain loans while lenders gain advantages from their involvement.

The Beast platform orchestrates the dealings between borrowers and lenders, using blockchain to guarantee secure transactions devoid of third parties. This minimizes fraud risks and fosters a protected lending atmosphere.

Chiliz 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 Chiliz? Borrow usd against Chiliz on Beast

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

To authorize an Chiliz 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 CHZ Crypto Loans

Chiliz lending

Chiliz lending has gained significant traction among cryptocurrency owners seeking accessible funds. Through Chiliz loans, users can borrow against their Chiliz assets, offering immediate liquidity without having to liquidate their holdings. These CHZ loans are secured by the worth of the borrower's Chiliz, creating a safe lending atmosphere. Borrowers can effortlessly acquire a CHZ loan for multiple uses, such as investing, settling bills, or even launching a new venture. This groundbreaking approach to CHZ lending has unlocked fresh opportunities for individuals to utilize their Chiliz assets and tap into essential capital.

CHZ as a collateral

Chiliz, known as CHZ, has emerged as a favored option for crypto-secured loans. Through lending platforms involving Chiliz, users can either borrow CHZ or lend it out and earn interest. These loans enable individuals to access funds quickly without the need to sell their Chiliz assets. Borrowers can also obtain USD loans backed by CHZ, offering them increased flexibility and liquidity. So, how do these Chiliz loans operate? Simply put, users secure their CHZ as collateral, and based on its market value, they can obtain a loan. These speedy crypto loans serve as a practical answer for those needing prompt access to cash while keeping their Chiliz investments intact.

Interest rates on loans secured by Chiliz.

At Beast, we recognize the value of competitive interest rates. This is why we provide loans backed by cryptocurrency at an attractive rate of just 9%. Whether you need funds for personal needs or business ventures, our low-interest loans are a budget-friendly way to access funds without having to sell your precious cryptocurrencies.

One standout aspect of Beast's crypto loans is the collateral process. In the event of a borrower defaulting on the loan, the collateral in CHZ remains with Beast, while the borrower retains the Tether USDT given to them. This approach promotes fairness in the loan recovery process, ensuring that both parties benefit.

To mitigate the risk associated with Chiliz devaluation, Beast implements an automatic liquidation system. Should the collateral value dip below a specific limit, the loan will be liquidated. This proactive strategy safeguards both the lender and the borrower from potential losses during market fluctuations.

Beast prioritizes transparency and ease of use. Our clients can simply keep tabs on their loan products through our intuitive interface. Borrowers also enjoy the option to add more collateral, pay off the loan early, or close it by settling the borrowed amount along with the interest accrued.

If you're curious about obtaining a loan through cryptocurrency, Beast offers instant coin loans. You can leverage Chiliz and receive Tether USDT. Our crypto-backed loans deliver fast and efficient solutions for your financial requirements.

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Why choose Chiliz 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 Chiliz Crypto Loan?

Beast Chiliz 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 Chiliz 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 Chiliz 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 Chiliz 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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