Loan

Immutable X

Loan

Immutable X loans.
Borrow against IMX.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

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What is Immutable X?

Immutable X operates as the first-ever Layer 2 scaling solution for NFTs on the Ethereum blockchain. Utilizing zk rollup technology, Immutable X aims to solve high gas fee and scalability concerns when minting and trading NFTs.

How do loans backed by IMX works

Crypto loans provide an easy method for both lenders and borrowers. Individuals seeking funds can acquire loans in USDT by securing them with their cryptocurrencies, while retaining ownership of their digital currencies. This approach removes the necessity for credit assessments and extensive paperwork, streamlining the process to make it faster and more cost-effective.

Lenders can place their cryptocurrencies, such as Immutable X (IMX), into a special account on the Beast platform. A custodian manages the relationship between borrowers and lenders, ensuring the entire process remains secure. They serve as a reliable intermediary, safeguarding the interests of both parties involved.

Borrowers can obtain funds without the need to liquidate their cryptocurrencies, which is particularly advantageous during volatile market periods, helping them to avoid possible losses. The lending framework simplifies obtaining loans and eliminates the requirement for credit evaluations.

Lenders benefit by earning interest on their invested funds through loan repayments, allowing them to profit from their crypto assets. It’s a mutually beneficial scenario, where borrowers gain access to loans, and lenders earn returns on their investments.

The Beast platform governs the interactions between borrowers and lenders while employing blockchain technology to facilitate secure transactions without intermediaries. This minimizes the risk of fraud and fosters a safe lending atmosphere.

Immutable X 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 Immutable X? Borrow usd against Immutable X on Beast

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

To authorize an Immutable X 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 IMX Crypto Loans

Immutable X lending

Borrowing through Immutable X has gained traction as a favored option for crypto asset holders seeking capital. With Immutable X loans, users can leverage their Immutable X assets, granting them quick liquidity without the necessity of liquidating their holdings. These IMX loans are supported by the worth of the borrower's Immutable X, creating a reliable lending atmosphere. Individuals can swiftly secure an IMX loan and utilize the funds for different reasons, such as investing, settling expenses, or even launching a business. This cutting-edge approach to IMX lending has unveiled fresh avenues for users to maximize their Immutable X assets and obtain essential funding.

IMX as a collateral

Immutable X, or IMX, has emerged as a sought-after option for crypto-secured loans. Through platforms that support Immutable X lending, users have the chance to borrow IMX or lend their tokens to earn interest. These financial solutions enable individuals to secure funds using their Immutable X assets without needing to sell them. Borrowers can even access USD loans backed by IMX, granting them enhanced flexibility and liquidity. So, how do Immutable X loans function? Simply put, users pledge their IMX as collateral, and depending on its value, they can obtain a loan. These quick crypto loans offer a practical approach for those needing rapid access to cash while keeping their Immutable X holdings intact.

Loans supported by Immutable X come with competitive interest rates.

At Beast, we recognize how crucial competitive interest rates are for our clients. That’s why we provide cryptocurrency loans at an appealing rate of just 9%. Whether for personal use or business purposes, our affordable loans offer a practical way to access cash without needing to part with your treasured cryptocurrencies.

A distinctive aspect of Beast's crypto loans is how we handle collateralization. If a borrower fails to repay, the collateral IMX stays with Beast, while the borrower retains the Tether USDT that was provided. This method ensures a just and equitable process for reclaiming loans, serving the interests of all parties.

To safeguard against the devaluation of Immutable X, Beast employs an automatic liquidation mechanism. Should the value of the collateral dip below a critical level, the loan is triggered for liquidation. This proactive strategy aims to shield both the lender and borrower from potential losses during market fluctuations.

Transparency and convenience are top priorities for Beast. Our users can effortlessly keep track of their loan statuses through an intuitive interface. Moreover, borrowers have the liberty to add further collateral, pay off their loans early, or close the loan by settling the principal amount along with any interest that has accrued.

If you’re curious about how to secure a loan using cryptocurrency, Beast offers instant coin loans. You can borrow against Immutable X and receive Tether USDT in return. Our crypto-backed loans provide a rapid and hassle-free solution to meet your financial requirements.

Borrow crypto

Why choose Immutable X 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 Immutable X Crypto Loan?

Beast Immutable X 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 Immutable X 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 Immutable X 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 Immutable X 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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