Loan

Maker

Loan

Maker loans.
Borrow against MKR.

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What is Maker?

Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.

How do loans backed by MKR works

Crypto-loans provide an easy option for both borrowers and investors. Individuals seeking funds can receive loans in USDT by putting their cryptocurrency up as collateral while maintaining ownership of their digital assets. This process skips the need for credit histories and extensive paperwork, ensuring a quicker and cost-effective experience.

Investors can place their cryptocurrencies, such as Maker (MKR), into a special account on the Beast platform. A custodian manages the relationship between borrowers and lenders, ensuring everything is secure. They function as a reliable go-between, safeguarding the interests of both sides.

Borrowers gain access to cash without needing to sell their cryptocurrencies, which is particularly useful during volatile market conditions, helping them prevent possible losses. The lending framework also streamlines loan applications and eliminates the need for credit evaluations.

Lenders receive interest on their staked funds through borrower repayments, allowing them to gain from their cryptocurrency investments. It’s mutually beneficial, with borrowers receiving loans and lenders profiting from their involvement.

The Beast platform oversees borrower-lender relations while blockchain technology allows secure transactions without middlemen, lowering fraud risk and fostering a safe lending space.

Maker Loan Calculator

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Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

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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 Maker? Borrow usd against Maker on Beast

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

To authorize an Maker 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 MKR Crypto Loans

Maker lending

Maker lending has gained significant traction among cryptocurrency holders seeking funds. Through Maker loans, users can utilize their Maker assets as collateral, granting them immediate liquidity without needing to liquidate their holdings. These MKR loans are supported by the value of the borrower's Maker, creating a safe lending atmosphere. Borrowers can effortlessly secure a MKR loan and allocate the funds for numerous purposes, such as investing, settling bills, or launching a new venture. This groundbreaking approach to MKR lending has unlocked fresh possibilities for individuals to maximize their Maker investments and gain vital capital.

MKR as a collateral

Maker, often referred to as MKR, is increasingly favored for crypto-secured loans. Through Maker lending platforms, users have the opportunity to borrow MKR or lend their MKR to generate interest. These loans enable individuals to access funds by using their Maker holdings as collateral, allowing them to avoid liquidating their assets. Borrowers also have the option to take out loans in USD against MKR, enhancing their adaptability and cash flow. So, how do Maker loans function? Users essentially secure their MKR as collateral, and based on its valuation, they can obtain a loan. These fast crypto loans offer a practical solution for those in need of quick cash while keeping their Maker investments intact.

Interest rates for loans secured by Maker.

At Beast, we recognize how vital it is to have competitive interest rates. This is why we provide cryptocurrency loans at a highly appealing rate of just 9%. Whether you require finances for personal use or business purposes, our low-interest loans offer an economical way to obtain liquidity without the need to liquidate your precious digital assets.

A standout feature of Beast's crypto loans is the collateralization process. If a borrower fails to repay the loan, the collateral MKR stays with Beast, while the borrower retains the Tether USDT issued to them. This creates a fair approach to recovering loans, ensuring fairness for all parties involved.

To mitigate the risk of devaluation in Maker, Beast employs an automatic liquidation process. Should the value of the collateral dip below a specified level, the loan will be liquidated. This precautionary step shields both the lender and the borrower from potential losses during market fluctuations.

Beast prioritizes transparency and ease of use. Our clients can effortlessly track the status of their loan products via our intuitive interface. Additionally, borrowers have the option to add more collateral, settle their loans early, or close the loan by paying back the amount borrowed along with any interest accrued.

If you’re curious about obtaining a crypto loan, Beast provides instant coin loans. You can secure funds by borrowing against Maker and receive Tether USDT. Our crypto-backed loans present a fast and convenient answer to your financial requirements.

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Why choose Maker 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 Maker Crypto Loan?

Beast Maker 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 Maker 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 Maker 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 Maker 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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