Loan

Decentralized USD

Loan

Decentralized USD loans.
Borrow against USDD.

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How do loans backed by USDD works

Crypto loans provide an easy option for both borrowers and lenders. Borrowers can secure loans in USDT using their crypto as collateral, all while retaining ownership of their digital assets. This approach removes the necessity for credit assessments and extensive paperwork, resulting in a quicker and more cost-effective process.

Lenders can place their cryptocurrency, such as Decentralized USD (USDD), into a specific account on the Beast platform. A custodian manages the interactions between borrowers and lenders, ensuring a safe process. They serve as a reliable intermediary, safeguarding the interests of both parties.

Borrowers gain by accessing funds without liquidating their crypto holdings. This is particularly advantageous during volatile market conditions, helping them avoid possible losses. The lending model streamlines the borrowing process and bypasses the requirement for credit evaluations.

Lenders receive interest on their funds through loan repayments, allowing them to benefit from their cryptocurrency. It creates a mutually beneficial scenario where borrowers secure loans and lenders gain from their contributions.

Beast's platform governs the relationships between borrowers and lenders, while blockchain technology guarantees secure transactions without the need for middlemen. This minimizes the threat of fraud and fosters a secure lending atmosphere.

Decentralized USD Loan Calculator

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Loan amount

USDT

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Interest rate

15% per year

Monthly 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 Decentralized USD? Borrow usd against Decentralized USD on Beast

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

To authorize an Decentralized USD 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.

Decentralized USD lending

Decentralized USD lending is gaining traction as a favored method for crypto holders to access cash. Through Decentralized USD loans, individuals can tap into their Decentralized USD assets, allowing for immediate liquidity without having to liquidate their investments. These USDD loans are secured by the value of the borrower’s Decentralized USD, creating a safe lending scenario. Now, borrowers can swiftly secure a USDD loan and utilize the money for various needs—whether it’s investing, settling bills, or launching a new venture. This cutting-edge USDD lending framework has unveiled fresh possibilities for people to enhance their Decentralized USD assets and acquire essential capital.

USDD as a collateral

Decentralized USD, also known as USDD, has gained traction as a favored option for loans backed by crypto. Through platforms that facilitate Decentralized USD lending, users can either borrow or lend their USDD to earn interest. These loans enable users to leverage their Decentralized USD assets, allowing quick access to funds without the need to sell. Additionally, borrowers have the ability to secure USD by using USDD, offering them enhanced flexibility and liquidity. So, how exactly do these loans operate? Simply put, users deposit their USDD as collateral, and based on its worth, they can qualify for a loan. These payday crypto loans present an efficient choice for those needing swift financial solutions while keeping their Decentralized USD investments intact.

Loans backed by Decentralized USD feature competitive interest rates.

At Beast, we recognize how vital it is to have competitive interest rates. That's why our loans using cryptocurrency feature an appealing rate of just 9%. Whether your needs are personal or for your business, our low-interest loans offer an effective way to access funds without needing to liquidate your precious cryptocurrencies.

A standout aspect of Beast’s crypto loans is the collateralization method. If a borrower fails to repay, the collateral in the form of USDD stays with Beast, while the borrower retains the Tether USDT they received. This ensures a fair and equitable way to handle loan recovery, protecting both parties involved.

To mitigate risks associated with the devaluation of Decentralized USD, Beast employs an automatic liquidation process. If the value of the collateral drops beneath a certain point, the loan is liquidated. This proactive step safeguards both lenders and borrowers against potential losses during market fluctuations.

Beast prioritizes openness and ease of use. Our customers can effortlessly keep track of their loan status through a user-friendly platform. Furthermore, borrowers can choose to contribute additional collateral, pay off the loan early, or close it by settling the borrowed amount along with any interest accrued.

If you're curious about securing a loan with cryptocurrency, Beast provides instant coin loans. You can borrow against Decentralized USD and obtain Tether USDT. Our crypto-backed loans present a swift and convenient option for all your financial requirements.

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Why choose Decentralized USD 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 Decentralized USD Crypto Loan?

Beast Decentralized USD 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 Decentralized USD 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 Decentralized USD 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 Decentralized USD 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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More coins

From Decentralized USD to altcoins, our diverse range of supported assets provides you with the freedom to choose the perfect collateral for your loan