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SHIBA INU

Loan

SHIBA INU loans.
Borrow against SHIB.

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What is SHIBA INU?

SHIBA INU is an ERC-20 token named after the Shiba Inu dog, which serves as the community's symbol currency. The tokens are referred to as Meme Coins on the platform's official website. Shiba Inu is also referred to as the "doge-killer"

How do loans backed by SHIB works

Crypto loans provide an easy option for both borrowers and lenders. Borrowers can secure loans in USDT by pledging their cryptocurrency as collateral while retaining ownership of their digital assets. This approach eliminates the necessity for credit assessments and extensive paperwork, resulting in a quicker and more economical process.

Lenders can place their cryptocurrency, such as SHIBA INU (SHIB), into a specialized account on the Beast platform. A custodian manages the communication between borrowers and lenders, ensuring a safe transaction. They serve as a reliable middleman, protecting the interests of both parties.

Borrowers gain from this arrangement by accessing funds without needing to sell their cryptocurrencies. This is particularly advantageous during market volatility, as it helps them avoid potential losses. Additionally, the lending framework streamlines the borrowing process and eliminates the requirement for credit checks.

Lenders earn interest from their deposited capital through repayments made by borrowers. This allows them to benefit from their cryptocurrency holdings, creating a win-win scenario for all involved, where borrowers acquire loans and lenders earn returns.

The Beast platform orchestrates the relationship between borrowers and lenders, and with blockchain technology, it guarantees transactions are secure and direct, minimizing fraud risk and fostering a safe lending atmosphere.

SHIBA INU 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 SHIBA INU? Borrow usd against SHIBA INU on Beast

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

To authorize an SHIBA INU 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 SHIB Crypto Loans

SHIBA INU lending

Lending with SHIBA INU has gained significant traction among cryptocurrency enthusiasts seeking financial resources. By taking out loans secured by their SHIBA INU assets, users can enjoy immediate access to funds, eliminating the need to liquidate their holdings. These SHIB loans are supported by the value of the borrower's SHIBA INU, creating a trustworthy lending atmosphere. Now, obtaining a SHIB loan is easier than ever, allowing borrowers to utilize the cash for various objectives, such as making investments, covering expenses, or even launching a new venture. This cutting-edge approach to SHIB lending has created fresh possibilities for individuals to maximize their SHIBA INU investments and secure vital funds.

SHIB as a collateral

SHIBA INU, often referred to as SHIB, has rapidly gained popularity for crypto-secured loans. Through SHIBA INU lending services, individuals can either borrow SHIBA INU or lend their holdings to collect interest. These loans enable users to access funds by leveraging their SHIBA INU assets without needing to sell them. Additionally, borrowers have the option to take loans in USD using SHIB, offering both flexibility and liquidity. So, how do these SHIBA INU loans function? Users simply pledge their SHIB as collateral, and they receive a loan based on its valuation. These quick payday crypto loans present a practical way for users to get fast funds while keeping their SHIBA INU investments intact.

Interest rates for loans secured by SHIBA INU.

At Beast, we recognize how crucial it is to have competitive interest rates. This is why we provide loans backed by cryptocurrency at an appealing rate of just 9%. Whether you seek funds for personal needs or business ventures, our low-cost loans offer an efficient way to access cash without having to sell your precious cryptocurrencies.

A standout aspect of Beast's crypto loans is our collateralization method. If a borrower fails to repay the loan, the collateral in SHIB remains with us while the borrower retains the Tether USDT they received. This approach ensures a fair and thoughtful method of recovering loans, benefiting everyone involved.

To help mitigate the risk of SHIBA INU's value dropping, Beast incorporates an automatic liquidation feature. Should the collateral drop below a set limit, the loan will be liquidated. This preemptive strategy safeguards both lenders and borrowers from possible losses during market declines.

Transparency and ease of use are fundamental for Beast. Our customers can effortlessly track their loan activities through our intuitive interface. Additionally, borrowers have the option to increase their collateral, pay off their loans early, or settle the loan by repaying the principal amount along with any interest that has accumulated.

If you're curious about obtaining a loan using cryptocurrency, Beast offers instant coin loans. You can secure funds against SHIBA INU and receive Tether USDT in return. Our crypto-backed loans present a swift and convenient remedy for your financial requirements.

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Why choose SHIBA INU 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 SHIBA INU Crypto Loan?

Beast SHIBA INU 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 SHIBA INU 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 SHIBA INU 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 SHIBA INU 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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