Loan

Dai Stablecoin

Loan

Dai Stablecoin loans.
Borrow against DAI.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

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What is Dai Stablecoin?

Dai a fully collateralized stablecoin native to Maker's decentralized autonomous organization (DAO).

How do loans backed by DAI works

Crypto lending provides an easy answer for both borrowers and lenders. Those in need can secure loans in USDT by putting up their digital currencies as collateral, all while retaining ownership of their assets. This approach does away with credit evaluations and excessive paperwork, leading to a quicker and more cost-effective process.

Lenders can place their cryptocurrencies, such as Dai Stablecoin (DAI), into a specific account on the Beast platform. A custodian manages the relationship between borrowers and lenders, ensuring a safe experience. They serve as a reliable mediator, guaranteeing that the interests of both sides are kept safe.

Borrowers gain the advantage of accessing funds without needing to liquidate their cryptocurrencies. This is particularly useful during times of market volatility, allowing them to dodge possible losses. The lending model also makes the loan process straightforward and forgoes the need for credit assessments.

Lenders earn interest from their invested capital through loan repayments, enabling them to gain from their digital assets. It's mutually beneficial, with borrowers obtaining loans and lenders profiting from their investment.

The Beast platform ensures the management of borrower-lender interactions, while blockchain technology guarantees secure transactions without third-party involvement. This minimizes fraud risks and establishes a secure lending atmosphere.

Dai Stablecoin 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 Dai Stablecoin? Borrow usd against Dai Stablecoin on Beast

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

To authorize an Dai Stablecoin 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 DAI Crypto Loans

Dai Stablecoin lending

Dai Stablecoin lending has rapidly gained traction, offering cryptocurrency owners a way to tap into funds. By securing loans with their Dai Stablecoin assets, users enjoy immediate liquidity without having to part with their holdings. These DAI loans rely on the value of the borrower's Dai holdings, creating a safe lending space. Now, borrowers can conveniently secure a DAI loan and utilize the funds for numerous objectives, such as investing, settling bills, or launching a business. This groundbreaking approach to DAI lending has created fresh avenues for individuals to maximize their Dai Stablecoin assets and obtain essential funding.

DAI as a collateral

Dai Stablecoin, known as DAI, is a favored option for crypto-backed loans. Through Dai Stablecoin lending platforms, users can either borrow or lend Dai Stablecoin to gain interest. These loans enable individuals to leverage their Dai Stablecoin assets, offering immediate money without the need to sell. Borrowers can also take out loans in USD using DAI, which enhances their flexibility and access to cash. So, how do loans with Dai Stablecoin function? In simple terms, users use their DAI as collateral, and depending on its worth, they can obtain a loan. These quick crypto loans serve as a practical choice for those needing fast funds while maintaining their Dai Stablecoin holdings.

Interest rates for loans secured by Dai Stablecoin.

At Beast, we recognize how crucial competitive interest rates are. That's why we present cryptocurrency loans at an appealing 9% rate. Whether you require funds for personal use or business ventures, our affordable loans offer a smart way to obtain liquidity without having to part with your valued cryptocurrencies.

A standout aspect of Beast's crypto loans is the collateral process. Should a borrower default, the collateral DAI stays with Beast, while the borrower retains the Tether USDT they received. This promotes a fair assessment of loan recovery, advantageous for both sides involved.

To mitigate the risk of Dai Stablecoin losing value, Beast has implemented an automatic liquidation system. If the collateral's worth drops below a crucial point, the loan will be liquidated. This forward-thinking step safeguards both lenders and borrowers from possible losses during a market decline.

Beast prioritizes transparency and ease of use. Our clients can effortlessly keep track of their loan statuses with our intuitive interface. Furthermore, borrowers can opt to increase their collateral, pay off their loan early, or settle the loan by clearing the borrowed sum plus any interest accrued.

If you're curious about how to secure a loan with cryptocurrency, Beast allows for immediate coin loans. You can leverage Dai Stablecoin to borrow Tether USDT. Our crypto-backed loans present a swift and easy solution for your financial requirements.

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Why choose Dai Stablecoin 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 Dai Stablecoin Crypto Loan?

Beast Dai Stablecoin 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 Dai Stablecoin 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 Dai Stablecoin 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 Dai Stablecoin 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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