Loan

Decentraland

Loan

Decentraland loans.
Borrow against MANA.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

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What is Decentraland?

Decentraland is building a decentralized, blockchain-based virtual world for users to create, experience and monetize content and applications.

How do loans backed by MANA works

Crypto loans provide an easy option for both borrowers and lenders. Borrowers can secure loans in USDT by putting up their cryptocurrencies as collateral, allowing them to keep ownership of their digital assets. This process cuts out the need for credit evaluations and extensive documentation, resulting in a quicker and cost-effective transaction.

Lenders can place their cryptocurrencies, such as Decentraland (MANA), into a special account on the Beast platform. A custodian manages the connection between borrowers and lenders, ensuring a secure experience. Acting as a reliable intermediary, they safeguard the interests of both parties involved.

Borrowers gain the advantage of accessing funds without having to liquidate their crypto holdings. This is particularly beneficial during market volatility, enabling them to sidestep possible losses. The lending model makes obtaining loans straightforward and bypasses traditional credit checks.

Meanwhile, lenders benefit by receiving interest on their deposited assets through repayments, allowing them to capitalize on their cryptocurrency investments. This creates a mutually beneficial scenario where borrowers secure loans and lenders reap rewards from their contributions.

The Beast platform regulates interactions between both parties, and blockchain technology guarantees secure transactions without the need for third parties. This minimizes fraud risks and fosters a reliable lending atmosphere.

Decentraland 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 Decentraland? Borrow usd against Decentraland on Beast

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

To authorize an Decentraland 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 MANA Crypto Loans

Decentraland lending

Decentraland lending has turned into a favored method for crypto owners to tap into funds. Through Decentraland loans, users can use their Decentraland assets as collateral, giving them quick access to cash without needing to liquidate their investments. These MANA loans are supported by the worth of the borrower's Decentraland properties, ensuring a safe borrowing framework. Now, borrowers can effortlessly secure a MANA loan and utilize the money for different needs, like investing, settling bills, or launching a business. This groundbreaking type of MANA lending has created fresh opportunities for individuals to maximize their Decentraland assets and obtain essential capital.

MANA as a collateral

Decentraland, known as MANA, has gained traction as a favored option for loans secured by crypto. Through Decentraland lending services, users can either borrow MANA or lend their holdings to collect interest. These loans enable people to leverage their MANA assets, giving them quick access to cash without the need to liquidate. Borrowers also have the option to receive USD loans based on MANA, offering them additional flexibility and liquidity. So, how do these Decentraland loans operate? In simple terms, users set aside their MANA as collateral, and depending on its worth, they can secure a loan. These crypto loans present a practical way for individuals to obtain fast funding while keeping their Decentraland assets intact.

Interest rates for loans secured by Decentraland.

At Beast, we recognize how crucial competitive interest rates are. That's why we provide cryptocurrency loans with an appealing rate of just 9%. Whether you require funds for personal use or business purposes, our low-interest loans are a smart way to access cash without having to liquidate your valuable cryptocurrencies.

One standout aspect of Beast's crypto loans is our collateralization method. If a borrower fails to repay, the collateral MANA stays with Beast, while the borrower retains the Tether USDT they received. This ensures a fair and equitable method for loan recovery, benefiting all involved parties.

To address the risk of Decentraland losing value, Beast has an automatic liquidation system in place. Should the collateral's value drop below a set point, the loan will be liquidated. This proactive strategy safeguards both the lender and borrower from possible losses during a market decline.

We prioritize transparency and ease of use at Beast. Our users can effortlessly track their loan status using our intuitive interface. Furthermore, borrowers have the option to increase collateral, pay off the loan early, or settle the loan by returning the borrowed amount plus any interest accrued.

If you're curious about obtaining a loan using cryptocurrency, Beast offers immediate coin loans. You can borrow against Decentraland to receive Tether USDT. Our crypto-backed loans offer a fast and straightforward solution for your financial needs.

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Why choose Decentraland 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 Decentraland Crypto Loan?

Beast Decentraland 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 Decentraland 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 Decentraland 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 Decentraland 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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