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Solana

Loan

Solana loans.
Borrow against SOL.

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How do loans backed by SOL works

Crypto loans provide an easy solution for both borrowers and lenders. Borrowers can secure loans in USDT by leveraging their cryptocurrency as collateral while still retaining ownership of their digital assets. This process cuts out the hassle of credit checks and extensive paperwork, speeding up and reducing costs.

Lenders can place their digital assets, such as Solana (SOL), in a specialized account on the Beast platform. A custodian manages the relationship between borrowers and lenders, guaranteeing a safe transaction. They serve as a reliable middleman, safeguarding the interests of both parties involved.

Borrowers gain access to funds without needing to liquidate their cryptocurrency, which is particularly advantageous during market shifts, allowing them to dodge possible losses. Additionally, the lending arrangement simplifies the loan process and forgoes credit assessments.

Lenders receive interest from the funds they've deposited when borrowers repay their loans, enabling them to earn from their crypto holdings. This arrangement benefits everyone: borrowers obtain loans while lenders enjoy rewards.

The Beast platform oversees interactions between borrowers and lenders, with blockchain technology facilitating secure transactions free from intermediaries. This minimizes fraud risk and fosters a secure lending atmosphere.

Solana 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 Solana? Borrow usd against Solana on Beast

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

To authorize an Solana 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.

Solana lending

Solana lending has gained significant traction among cryptocurrency owners seeking to unlock funds. Through Solana loans, users can secure financing by leveraging their SOL assets, allowing for immediate liquidity without needing to liquidate their holdings. These loans are supported by the worth of the borrower’s Solana, creating a safe lending ecosystem. Individuals can effortlessly acquire a SOL loan and allocate the funds for multiple uses, such as investing, settling bills, or launching a new venture. This groundbreaking approach to SOL lending has created fresh possibilities for users to utilize their Solana assets and tap into essential capital.

SOL as a collateral

Solana, often referred to as SOL, has quickly become a favored option for crypto-backed loans. On various Solana lending platforms, users have the ability to either borrow Solana or lend their SOL to gain interest. These types of loans let people leverage their Solana holdings, yielding immediate funds without the need to sell their assets. Borrowers also have the option to obtain USD using their SOL, enhancing flexibility and liquidity. So, how do Solana loans operate? Users simply lock their SOL as collateral, and depending on its worth, they can secure a loan. These swift crypto loans offer a practical way for individuals to access funds while keeping their Solana investments intact.

Interest rates for loans secured by Solana.

At Beast, we recognize that competitive interest rates are crucial. That’s why we provide loans backed by cryptocurrency at an appealing rate of only 9%. Whether you require funds for personal use or business purposes, our low-interest loans present an economical way to obtain liquidity without needing to part with your precious cryptocurrencies.

A standout aspect of Beast's crypto loans is our collateralization method. Should a borrower default on their loan, the collateral in SOL stays with Beast, while the borrower retains the Tether USDT they received. This fosters a fair and equitable system for loan recovery, ensuring both parties gain advantages.

To mitigate the risks associated with possible Solana devaluation, Beast has implemented an automatic liquidation process. In case the value of the collateral dips below a specific level, the loan will be liquidated. This proactive step safeguards both the lender and borrower from potential losses linked to market shifts.

Beast prioritizes transparency and convenience. Our users can easily track their loan products through an intuitive interface. Borrowers also have the option to add more collateral, make early repayments, or settle the loan by paying back the borrowed sum plus any accrued interest.

If you’re curious about obtaining a loan using cryptocurrency, Beast provides instant coin loans. You can leverage Solana to receive Tether USDT. Our crypto-backed loans offer a swift and straightforward way to meet your financial requirements.

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Why choose Solana 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 Solana Crypto Loan?

Beast Solana 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 Solana 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 Solana 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 Solana 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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