Crypto.com is pleased to announce that users can now deposit ENJ, SAND, HNT, ONE and NEAR as collateral on Crypto Credit, and instantly secure a loan at a 50% loan-to-value (LTV) ratio.
Crypto Credit allows users to monetise their crypto assets without the need to sell them. There are no required credit checks or repayment deadlines.
Supported Collaterals: CRO, BTC, ETH, LTC, XLM, EOS, ADA, ALGO, ATOM, VET, LINK, WBTC, DOT, XTZ, FIL, MATIC, AVAX, KLAY, LUNA, SOL, ENJ, SAND, HNT, ONE and NEAR
Supported Loan Currencies: USDC, USDT, TUSD, PAX
Loan-to-Value (LTV) Ratio: 50%
CRO Token Utility: Users who stake CRO can enjoy a lower annual interest rate (APR):
| CRO Staked | Annual Interest Rate (APR) |
|---|---|
| 40,000 or above | 8% |
| 4,000 or less | 12% |
| CRO Staked | 40,000 or above |
|---|---|
| Annual Interest Rate (APR) | 8% |
| CRO Staked | 4,000 or less |
| Annual Interest Rate (APR) | 12% |
Notes:
Interest calculation begins from the day the loan is initiated and will continue while the loan is outstanding. The LTV ratio may be adjusted by Crypto.com.
For more details on Crypto Credit, click here.
