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Loan

EOS loans.
Borrow against EOS.

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What is EOS?

EOS is an open-source protocol designed by Dan Larimer and Block.one to support the creation of smart contracts and decentralized applications (dApps). Its network features a delegated Proof-of-Stake (DPoS) consensus mechanism to help secure the platform while giving it a level of performance desirable for running applications. Through DPoS, EOS offers greater scalability and transaction throughput than traditional blockchain networks, but to a certain extent, it relinquishes complete decentralization and censorship resistance.

How do loans backed by EOS works

Crypto lending presents an easy solution for both borrowers and lenders. Borrowers can obtain loans in USDT by using their cryptocurrencies as collateral, all while retaining ownership of their digital assets. This streamlines the process by removing the need for credit evaluations and endless paperwork, resulting in a quicker and cost-effective experience.

Lenders can place their cryptocurrencies, such as EOS (EOS), into a special account on the Beast platform. A custodian manages the interactions between borrowers and lenders, ensuring the process is secure. They serve as a reliable intermediary, safeguarding the interests of both sides.

Borrowers reap the benefits of accessing funds without needing to sell their cryptocurrencies, which is particularly valuable during market volatility, allowing them to sidestep potential losses. The lending system makes the borrowing process simpler and does away with the need for credit assessments.

Lenders gain interest from their deposits as loans are repaid. This method allows them to profit from their crypto holdings. It’s mutually beneficial, where borrowers access loans and lenders capitalize on their investments.

The Beast platform governs the interactions between the two parties, and blockchain technology guarantees secure trades without the need for middlemen. This minimizes the potential for fraud, fostering a trusted lending atmosphere.

EOS Loan Calculator

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USDT

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Interest rate

15% per year

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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 EOS? Borrow usd against EOS on Beast

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

To authorize an EOS 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 EOS Crypto Loans

EOS lending

Eos lending is gaining traction among cryptocurrency enthusiasts looking for quick access to funds. With EOS loans, individuals can use their EOS assets as collateral, offering immediate liquidity without having to liquidate their investments. These loans are supported by the worth of the borrower's EOS, which creates a safe environment for lending. Now, borrowers can swiftly secure an EOS loan and allocate the money for different needs, such as investing, settling bills, or launching a venture. This forward-thinking approach to EOS lending has created new pathways for users to maximize their EOS holdings and acquire essential funds.

EOS as a collateral

EOS has emerged as a favored option for crypto-secured loans. Through EOS lending platforms, users have the ability to borrow EOS or lend their EOS to earn interest. These borrowing arrangements enable individuals to tap into their EOS assets for funds without needing to liquidate their holdings. Borrowers can also access USD loans secured by EOS, offering them additional flexibility and financial fluidity. So, how do EOS loans function? Simply put, users pledge their EOS as collateral, and depending on its worth, they can access a loan. These quick crypto loans serve as a practical solution for those in need of immediate funds while keeping their EOS investments intact.

Loans secured by EOS have interest charges.

At Beast, we recognize how crucial competitive interest rates are. That’s why we provide cryptocurrency loans at an appealing rate of just 9%. Whether you require funds for personal purposes or business ventures, our low-interest loans offer an economical way to access liquidity without the need to sell your precious cryptocurrencies.

A standout aspect of Beast's crypto loans is the collateralization method. If a borrower defaults, the collateral EOS stays with Beast, allowing the borrower to retain the Tether USDT received. This creates a fair and mutually beneficial process for loan recovery, protecting the interests of both parties.

To mitigate the risk of EOS losing value, Beast has a built-in liquidation system. Should the collateral’s worth fall beneath a critical level, the loan gets liquidated. This forward-thinking strategy safeguards both the lender and the borrower against possible losses during market fluctuations.

Beast emphasizes transparency and ease of use. Our clients can effortlessly track their loan status via our intuitive platform. Moreover, borrowers can add more collateral, settle their loan early, or pay off the loan by clearing the borrowed sum along with any incurred interest.

If you’re curious about obtaining a loan backed by cryptocurrency, Beast offers immediate coin loans. You can use EOS as collateral and receive Tether USDT. Our crypto-backed loans deliver a swift and efficient solution to meet your financial needs.

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Why choose EOS 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 EOS Crypto Loan?

Beast EOS 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 EOS 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 EOS 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 EOS 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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