Get an instant loan with EOS and XLM as collaterals at 50% LTV
Today, Crypto.com announces the addition of EOS and Stellar Lumen (XLM) as collateral to instantly secure a loan in Crypto Credit with 50% LTV.
Loan-to-Value (LTV) Ratio: The LTV for both EOS and XLM is 50% (eg. If a user deposits 1,000 EOS as collateral and the market price of EOS is at $2.7 USD, then a user will get a loan amount of $1,350 USD worth of PAX/TUSD/USDC/USDT. Similarly, If a user deposits 100,000 XLM as collateral and the market price of XLM is at $0.07 USD, then a user will get a loan amount of $3,500 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.