Crypto Credit gives App users spending power by enabling them to monetize their crypto assets without the need to sell it.

  • NO fixed repayment schedule

  • NO monthly late fees or deadlines

  • Repay any amount, at any time, in the 12 months upon the start of the credit term.

How to participate?

  1. Tap on Credit in the Super App Menu

2. In the App’s Crypto Credit screen, select the cryptocurrency (BTC, CRO, XRP, ETH, LTC, EOS, XLM, ADA, ALGO, ATOM, VET, LINK, WBTC, DOT, XTZ, FIL, MATIC, DAI, PAXG, BCH, UNI, AVAX, SOL, ENJ, SAND, HNT, ONE and NEAR) you wish to deposit as collateral and key in the amount.

3. It will then show the amount of credit you can receive in a stablecoin of your

choice (TUSD, USDP, USDC or USDT).

4. Once confirmed, the loan sum will be credited and ready for use immediately.

5. When the loan and interest incurred is repaid, the collateral will be deposited

back into your crypto wallet.

Who can participate in Crypto Credit? App-approved users except for citizens and residents of Australia, Austria, Bulgaria, Belgium, Brazil, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Hong Kong SAR, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Malta, Norway, Poland, Portugal, Romania, Russia, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, or the United States of America.

What is the APR?

With CRO Tokens staked, Users can enjoy a lower annual interest rate (APR):

With Royal Indigo/Jade Green or above

With Ruby Steel or below

Annual Interest APR

8% p.a.

12% p.a.

What is Loan-to-Value (LTV) Ratio?

A Loan-to-Value (LTV) ratio is an indicator representing the size of a loan compared to the value of the assets securing the loan. (e.g. if your loan’s outstanding balance is $5,000 and the value of your BTC collateral securing the loan is $10,000, the LTV ratio is 5,000 ÷ 10,000 = 50%.)

How is the LTV ratio calculated after the loan has been granted?

(Total unpaid value of principal + Total unpaid interest) / Collateral Market Value

What is ‘Collateral Health’?

Collateral Health indicates whether your collateral is at risk of being liquidated, based on your current Loan-to-Value (LTV) ratio.

The different Collateral Health thresholds are as follows:

If your Collateral Health reaches the Poor/Critical threshold, a Margin Call will be triggered to notify you to rebalance your loan by depositing additional collateral or making a repayment.

When the LTV goes beyond the 85% threshold, 100% of your collateral will be liquidated.

What is a Margin Call?

If the value of your collateral falls below a certain threshold (and as a consequence, your LTV ratio rises above a certain amount), you will be notified and prompted to rebalance your loan by depositing additional collateral or make repayment as described above.

How do I rebalance my loan?

You can choose between the following options to resume the status of a ‘Good’ Collateral Health

  • Depositing additional collateral (Top-up your collateral)

  • Making a repayment

When is the daily interest charged?

The interest is charged at 12:00 A.M. UTC.

How is the daily interest calculated?

APR/365 (or 366 in a leap year).

Is there a minimum and maximum loan amount I can secure?

For users in eligible jurisdictions, the minimum loan amount is USD 100 worth of TUSD/USDP/USDC/USDT.

The maximum loan amount is USD 1,000,000 worth of TUSD/USDP/USDC/USDT.

Will I require a certain credit score to secure a loan?

No credit scores are required.

Can I repay the loan in a different currency?

Repayment needs to be made in the same currency as the one you received as credit, i.e. you choose to receive the loan in TUSD, your repayment will be made in TUSD.

What happens if I don’t meet my loan repayment after 12 months? will liquidate your collateral.

When and how will I get my collateral back when I’ve repaid my loan with no outstanding balance?

Your collateral will be automatically deposited back into your crypto wallet when there is no outstanding balance.

Can I take out two loans (or more) at a time?

No. You can only take out one loan at a time.

Can I top up my collateral to secure a larger loan amount?

No. You can’t top it up after you’ve secured a loan. If you wish to secure a larger loan, you will need to complete repayment of your existing loan before proceeding to a new one.

What happens when the APR or LTV Ratio changes?

The existing loan will follow the previous terms, and new loans will adhere to the new terms.

Fiat withdrawals to a personal bank account are now available with TUSD and USDP, please refer to the details here.

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