Crypto Loans: Borrow Against Your Holdings
Borrow against crypto you hold on Bicoince. If the collateral falls far enough in value it can be liquidated to repay the loan.
How do crypto loans on Bicoince work?
You lock one asset as collateral and borrow another against it, then repay to unlock the collateral. The collateral stays yours throughout — it is held, not sold — but you cannot move it while the loan is open, and its value against the loan is what decides whether the loan is healthy.
How much can I borrow against my collateral?
Up to 70% of the collateral's value, which is the maximum loan-to-value ratio. The page computes your live LTV from current prices as you type, so you can see how much room a given loan leaves before you open it.
When is a loan liquidated?
When the loan-to-value ratio reaches 85%. If the collateral falls in value far enough that the loan is worth 85% of it, the collateral is sold to repay the loan. The liquidation price is shown live on the loan, and repaying part of the loan lowers the ratio and moves that price further away.
What does a loan cost?
Interest on the borrowed asset, at a rate shown next to that asset before you confirm and accruing for as long as the loan is open. Different assets carry different rates, so what you borrow matters as much as how much.
