Get an instant loan with CRO as collateral at 50% LTV
Today, Crypto.com announces the addition of Crypto.com Coin (CRO) as collateral to instantly secure a loan in Crypto Credit with 50% LTV.
Loan-to-Value (LTV) Ratio: The LTV for CRO is 50% (eg. If a user deposits 500,000 CRO as collateral and the market price of CRO is at $0.04 USD, then a user will get a loan amount of $10,000 USD worth of TUSD/PAX).
MCO Token Utility: Users with MCO Tokens staked enjoy a lower interest rate.
Notes: Interest begins from the day of initiation of the loan and will continue while the loan is in effect. The LTV Ratio may be adjusted by Crypto.com.
For more details on Crypto Credit click, here.