ViaBTC Crypto Loans

What is ViaBTC Crypto Loans?

"ViaBTC Crypto Loans" is a financial tool tailored for pool users, making asset flow flexible. Users who are optimistic about the long-term value of held cryptocurrencies and need funds to pay daily expenses such as electricity bills and minor maintenance can pledge their crypto assets for ViaBTC loans. Once fully repay their loans, they can get collateral assets back.

For example: Assuming the current price of BTC is 10,000 USDT, you're a holder of 1 BTC and optimistic about its long-term value. However, you have insufficient funds at hand. You can pledge 1 BTC to borrow 6,000 USDT from ViaBTC for daily turnover. After 30 days, when the price of BTC rises to 12,000 USDT and you repay to get your 1 BTC back, then you earn 2,000 USDT (regardless of other costs). 

Why ViaBTC Crypto Loans?

1. Flexible asset flow: Get circulating capital without selling coins;

2. Instant lending: Fast loan arrival after rapid assessment;

3. Borrow and repay at any time: Open-ended, no service fee charged.

Terms of Crypto Loans

1. Mining Account: As the source of collateral assets in the loan account.

2. Loan Account: To receive loan assets and collateral (frozen) assets.

3. Loan Coin: At present, only USDT can be borrowed. 100 USDT≤ Single borrowing ≤200,000 USDT, and the total borrowings cannot exceed 500,000 USDT. A user can apply for more than one loan.

4. Loan Limit: 100 USDT≤ Single borrowing ≤200,000 USDT, and the total borrowings per user cannot exceed 500,000 USDT.

5. Loan Interest: The daily interest rate ranging from 0.05% to 0.065% is calculated according to the actual borrowing time, and less than one day will be deemed as one day.

6. Collateral Coins: BTC、BCH、LTC. Only one collateral coin can be chosen for single borrowing.

7. Index Price: Based on CoinEx USDT index price, and calculated every 5 seconds.

8. Transferable amount ：Transferable collateral amount = Balance in the loan account - Minimum collateral amount = (Total borrowing amount of current collateral coin + Total to-be-repaid interest) / (Index price * Initial LTV). When the balance in the loan account is less than the minimum collateral amount, zero collateral asset can be transferred.

9. Loan-to-Value (LTV)

The Crypto Loans support 5 collateral coins in ViaBTC. Please refer to the figure below. 

(1) Initial LTV: When borrowing, the minimum collateral value will be calculated according to the initial loan-to-value (LTV).

(2) Margin Call: When current LTV ≥ Margin Call LTV, the system will remind you to top up your collateral asset in case of asset loss due to forced liquidation.

(3) Liquidation LTV: When current LTV ≥ Liquidation LTV, the system will conduct forced liquidation resulting in your collateral asset loss.

10. Loan Term & Interest

There is no loan term limit for crypto loan services, and the interest will be charged according to the actual loan term. Please see the figure below: 

For example, if the loan term is 70 days, Loan interest = Loan amount × 0.05% × 30 + Loan amount × 0.052% × (70-30). 

Notes:
Daily interest will be calculated according to the actual loan term, and less than one day will be deemed as one day. Interest will be repaid first and principal later.