Loan

Tezos

Loan

Tezos loans.
Borrow against XTZ.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

Wallet for Android

Wallet in Telegram

Wallet in browser

What is Tezos?

Tezos is a multi-purpose blockchain which aims to combine a self-amending protocol and on-chain governance to manage future changes and implementations to the network. It supports the creation of new tokens and smart contracts (thus decentralized applications or dApps). The on-chain governance system enables token holders to make decisions together and improve the network over time, as opposed to the less-inclusive off-chain governance models used by Bitcoin and Ethereum.

How do loans backed by XTZ works

Crypto loans provide an easy option for both borrowers and lenders. Borrowers can secure loans in USDT by leveraging their cryptocurrencies as collateral while still retaining ownership of their digital assets. This approach removes the necessity for credit evaluations and extensive paperwork, streamlining the process to be quicker and less expensive.

Lenders can place their cryptocurrencies, such as Tezos (XTZ), into a specific account on the Beast platform. A custodian manages the interaction between borrowers and lenders, ensuring a trustworthy process. They serve as a reliable intermediary, safeguarding the interests of both parties involved.

With this setup, borrowers gain access to funds without the need to liquidate their cryptocurrencies. This is particularly advantageous during periods of market volatility, helping them prevent possible losses. Additionally, the lending structure simplifies obtaining loans and eliminates credit check requirements.

Lenders have the opportunity to earn interest from their deposits through repayments on the loans. This enables them to gain from their cryptocurrency investments. It’s a beneficial arrangement where borrowers receive funding, and lenders get returns from their investments.

The Beast platform governs the interactions between borrowers and lenders while utilizing blockchain technology to guarantee secure transactions without the need for intermediaries. This minimizes fraud risks and fosters a secure lending atmosphere.

Tezos 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

Borrow crypto

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 Tezos? Borrow usd against Tezos on Beast

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

To authorize an Tezos 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 XTZ Crypto Loans

Tezos lending

Lending through Tezos has gained significant traction among cryptocurrency investors seeking quick access to cash. With Tezos loans, individuals can use their Tezos assets as collateral, offering immediate liquidity without having to liquidate their holdings. These XTZ loans are supported by the borrower's Tezos value, creating a safe lending climate. Borrowers can easily secure an XTZ loan and utilize the funds for diverse needs like investing, settling bills, or even launching a startup. This groundbreaking form of XTZ lending has unlocked fresh avenues for people to make the most of their Tezos assets and gain essential financing.

XTZ as a collateral

Tezos, known as XTZ, has gained traction as a favored option for crypto-backed lending. Through Tezos lending platforms, users can either obtain Tezos or lend their XTZ to generate interest. Such loans enable individuals to leverage their Tezos assets for immediate cash, allowing them to access funds without needing to sell. Borrowers also have the option to secure loans in USD against XTZ, offering them increased flexibility and liquidity. But how do these Tezos loans function? In essence, users pledge their XTZ as collateral, and based on the collateral's worth, they can obtain a loan. These crypto loans serve as an efficient way for people to access resources swiftly while holding onto their Tezos investments.

“Interest rates for loans secured by Tezos.”

At Beast, we recognize the significance of competitive interest rates. This is why we provide loans backed by cryptocurrency at an appealing rate of 9%. Whether you're seeking funds for personal matters or business ventures, our low-interest loans offer an economical way to access necessary cash without needing to sell your treasured cryptocurrencies.

One standout feature of Beast's crypto loans is the collateralization procedure. If a borrower fails to repay the loan, the XTZ collateral stays with Beast, while the borrower retains the Tether USDT granted to them. This guarantees a fair and equitable process for loan recovery, serving the interests of both parties.

To mitigate the risk of Tezos devaluing, Beast has implemented an automated liquidation system. Should the collateral's value drop below a specified limit, the loan will be liquidated. This preemptive action safeguards both lenders and borrowers from possible losses during market declines.

Beast is committed to transparency and ease of use. Our clients can effortlessly track their loan details through our intuitive interface. Moreover, borrowers can add more collateral, repay their loans early, or settle the loan by paying back the borrowed sum plus any interest accrued.

If you're curious about securing a loan using cryptocurrency, Beast provides instant coin loans. You can leverage Tezos and receive Tether USDT. Our crypto-backed loans present a fast and hassle-free solution for your financial needs.

Borrow crypto

Why choose Tezos 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 Tezos Crypto Loan?

Beast Tezos 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 Tezos 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 Tezos 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 Tezos 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.

Can't find the answer to your question? Visit our support center