Loan

ChainLink

Loan

ChainLink loans.
Borrow against LINK.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

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What is ChainLink?

Chainlink is a decentralized oracle network. It aims to serve as a middleware between smart contracts on smart contracting platforms and external data sources, allowing smart contracts to securely access off-chain data feeds.

How do loans backed by LINK works

Crypto loans provide an easy option for both borrowers and lenders. Individuals can secure loans in USDT by using their cryptocurrencies as collateral while retaining ownership of their digital assets. This process removes the necessity for credit assessments and extensive paperwork, streamlining the experience to be quicker and cost-effective.

Lenders can place their cryptocurrencies, such as ChainLink (LINK), into a specific account on the Beast platform. A custodian manages the interactions between borrowers and lenders, ensuring a safe transaction. Acting as a reliable intermediary, they safeguard the interests of both parties.

Borrowers gain an opportunity to access funds without needing to liquidate their cryptocurrencies. This is particularly advantageous during market volatility, as it helps them to sidestep potential losses. The lending framework also simplifies the borrowing process, eliminating the requirements for credit evaluations.

Lenders receive interest from their invested funds through loan repayments, allowing them to profit from their cryptocurrency holdings. This results in a beneficial scenario where borrowers acquire loans, and lenders enjoy rewards from their involvement.

The Beast platform governs the engagement between borrowers and lenders, and the use of blockchain technology ensures secure exchanges without third parties. This lowers the fraud risk and fosters a protected lending atmosphere.

ChainLink 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 ChainLink? Borrow usd against ChainLink on Beast

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

To authorize an ChainLink 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 LINK Crypto Loans

ChainLink lending

ChainLink lending is rapidly gaining traction as a viable option for crypto investors seeking financial support. Through ChainLink loans, individuals can utilize their ChainLink assets as collateral, granting them quick access to cash without needing to liquidate their holdings. These LINK loans are underpinned by the borrower's ChainLink value, creating a safe borrowing atmosphere. Now, borrowers can effortlessly secure a LINK loan and allocate the funds for diverse needs such as investing, bill settlement, or even launching a business. This cutting-edge approach to LINK lending has unveiled fresh avenues for people to maximize their ChainLink assets and obtain essential funding.

LINK as a collateral

ChainLink, known as LINK, has gained immense popularity for crypto-backed loans. With platforms that support ChainLink lending, users can either borrow LINK or lend their holdings to earn interest. These loans enable individuals to access funds quickly without the need to sell their ChainLink assets. Notably, borrowers can obtain USD loans secured by LINK, offering both flexibility and liquidity. So, how do these ChainLink loans function? In essence, users use their LINK as collateral, allowing them to receive a loan based on its market value. These fast crypto loans serve as a convenient option for those wanting prompt access to cash while maintaining their ChainLink investments.

Loank rates supported by ChainLink.

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

A standout aspect of Beast's crypto-backed loans is the collateralization method. If a borrower fails to pay back the loan, the collateral in LINK remains with Beast, while the borrower retains the Tether USDT they received. This setup promotes a fair and equitable loan recovery process, benefiting everyone involved.

To mitigate the risk of ChainLink losing value, Beast has established an automatic liquidation system. If the collateral's value drops below a set limit, the loan will be liquidated. This proactive strategy shields both the lender and the borrower from possible losses during market declines.

At Beast, we prioritize transparency and ease of use. Our clients can effortlessly track their loan status through our intuitive platform. Borrowers also have the option to provide additional collateral, pay off their loans early, or finalize the loan by reimbursing the borrowed funds and any accrued interest.

If you're curious about acquiring a loan with cryptocurrency, Beast offers immediate coin loans. You can leverage ChainLink as collateral and obtain Tether USDT in return. Our cryptocurrency-backed loans deliver a fast and convenient option to meet your financial needs.

Borrow crypto

Why choose ChainLink 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 ChainLink Crypto Loan?

Beast ChainLink 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 ChainLink 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 ChainLink 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 ChainLink 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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